International

Thursday, September 23rd 2021 - 09:29 UTC
Relief in world markets, China's mega Evergrande will pay some of its debts

China's largest real estate group, Evergrande and on the brink of bankruptcy announced on Wednesday an agreement with a creditor to avoid the nonpayment of a bond that matured this Thursday. In a release to the Shenzhen stock exchange, its affiliate announced it had reached a plan to pay the bond's interests, (not capital) and of which markets feared the worst.
Thursday, September 23rd 2021 - 09:25 UTC
IMF's report on Brazil: performance better than expected; GDP projected to expand 5,3% this year

On September 10, 2021, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Brazil. Economic performance has been better than expected, in part due to the authorities’ forceful policy response. GDP regained its pre-pandemic level in 2021Q1 and momentum continues to be favourable, supported by booming terms of trade and robust private sector credit growth.
Thursday, September 23rd 2021 - 09:01 UTC
Brazil increases Selic interest rate to 6,25%, the highest in two years

As expected the Brazilian central bank on Wednesday increased a whole percentage point of its basic Selic interest rate to 6,25%, the fifth in a row and the highest in two years. The Monetary Policy Committee, Copon unanimously voted for the increase in an attempt to contain inflation.
Thursday, September 23rd 2021 - 09:00 UTC
Qantas announces historic nonstop repatriation flight from Buenos Aires

Australia's flag carrier Qantas is planning a historic nonstop repatriation flight from Buenos Aires' Ezeiza airport across the Southern Pole aboard a Boeing 787-9 Dreamliner aircraft, it was announced.
Wednesday, September 22nd 2021 - 09:20 UTC
OECD down plays impact of China's mega group Evergrande possible downfall

“We believe the Chinese authorities have the fiscal and monetary capacity to ”shock absorb“ giant real estate promoter Evergrande”, said OECD chief economist Laurence Boone.
Wednesday, September 22nd 2021 - 09:05 UTC
Bolsonaro tells UN his gov't is for COVID-19 vaccination but against mandates

Brazil's President Jair Bolsonaro Tuesday highlighted his policies, economic or otherwise, during his opening speech at the 76th United Nations General Assembly in New York City.
Wednesday, September 22nd 2021 - 09:00 UTC
UN Secretary General insists on more world solidarity

United Nations Secretary-General António Guterres, Tuesday rang the alarm during his speech at the 76th General Assembly in New York City, saying the world “has never been so threatened or so divided” before.
Wednesday, September 22nd 2021 - 08:36 UTC
Compassion urges leaders to harness Food Summit momentum to tackle climate, health and nature emergencies

Compassion in World Farming is urging world leaders to harness the momentum garnered at this week’s first-ever United Nations Food Systems Summit (UN FSS) to take clear and radical action towards transforming our broken global food system.
Wednesday, September 22nd 2021 - 08:30 UTC
Shell Oil is selling its US Permian assets to ConocoPhillips

By Irina Slav for Oilprice.com – Oil super-major Shell is leaving the Permian with a divestment worth close to US$10 billion. The company said it will sell its assets in the shale play to ConocoPhillips for a total price of US$9.5 billion.
Wednesday, September 22nd 2021 - 08:20 UTC
New guidance published to mitigate serious injury on small vessels

The United Kingdom Maritime and Coastguard Agency has published new guidance on mitigating the risk of serious injury from whole-body vibration on small vessels. Whole Body Vibration (WBV) and Repeated Shock (RS) injuries are a known issue of travelling on small vessels at high speeds. When they occur, they can be life-changing or even fatal.