Tag: United States

• Friday, May 18th 2018 - 08:24 UTC

  Oil hits US$ 80, its highest level since 2014; London's FTSE on new all time-high

  

  Benchmark oil contract Brent North Sea hit its highest level since late 2014 on Thursday, breaching US$ 80 per barrel, with some market players predicting it could rise all the way to US$ 100. Higher oil prices, in turn, pushed the shares of energy firms in European stock markets higher, helping London's FTSE to set a new all-time high, and the Paris CAC to establish a fresh 2018 peak.

• Wednesday, May 16th 2018 - 08:53 UTC

  Kellogg pulls out of Venezuela. Maduro promises to hand control of the factory to workers

  

  The United States based cereal maker Kellogg is pulling out of Venezuela because of the economic deterioration in the country. Workers said they were prevented from entering the plant in the central city of Maracay on Tuesday. The announcement comes ahead of Sunday's presidential elections.

• Saturday, May 12th 2018 - 09:30 UTC

  Germany moves closer to Russia: Merkel will visit Putin in Moscow

  

  Russian President Vladimir Putin has spoken with Germany's Angela Merkel and Turkey's Recep Tayyip Erdogan in a bid to keep the Iran nuclear deal alive after the US decision to withdraw, the Kremlin said Friday.

• Saturday, May 12th 2018 - 09:23 UTC

  CIA nominee Gina Haspel praised by ex Vice-president Cheney who supports using torture against terror

  

  Former US Vice President Dick Cheney said the US should restart the harsh detention and interrogation practices used on terror suspects after 9/11, and called on the Senate to confirm CIA nominee Gina Haspel.

• Saturday, May 12th 2018 - 08:45 UTC

  Brazil becomes world's largest producer of soybeans for the first time

  

  Brazil will surpass the United States as the largest producer of soybeans this year, taking over the top ranking for the first time in history, oilseeds crusher group Abiove said on Friday. The U.S. is expected to harvest 116.48 million tons of soybeans later on in 2018, falling short of Brazil’s estimated collection of 117 million tons for its crop year that is just drawing to a close, Abiove said, citing United States Department of Agriculture figures released on Thursday.

• Saturday, May 12th 2018 - 06:43 UTC

  “Europe must take its destiny in its own hands, US will not protect us”, claims Merkel

  

  Europe cannot put all of its trust in the U.S. when it comes to protection and should instead “take its destiny into its own hands,” German Chancellor Angela Merkel has said. “It's no longer the case that the United States will simply just protect us”.

• Wednesday, May 9th 2018 - 08:39 UTC

  Despite Trump, Europe, Russia and China committed to the Iran nuclear deal

  

  Western powers, Russia and China remain committed to the Iran nuclear deal - after the US announced it was withdrawing from the agreement. The UK, France and Germany say they “will work with all remaining parties” and urged the US not to obstruct its implementation and the other signatories to the 2015 deal - Russia and China - have also stressed their continuing support.

• Wednesday, May 9th 2018 - 07:10 UTC

  Latin American (and global) currencies hit by strong dollar and Trump's policies

  

  The dollar hovered near a four-month high on Tuesday, continuing to draw support from higher Treasury yields and upbeat prospects for the U.S. economy, leaving its major rivals such as the Euro struggling and other Latin American currencies including the Argentine peso down sharply.

• Tuesday, May 8th 2018 - 08:59 UTC

  Guterres praises UK contribution to UN, “Brexit or no Brexit”

  

  Britain will remain a “very important pillar” of the United Nations after Brexit, the organization's secretary general has said. Antonio Guterres’s comments appear to contradict the fears of some opponents of Brexit that the UK’s withdrawal from the EU might throw into question its position as one of the five permanent members of the UN Security Council, alongside the US, Russia, China and France.

• Tuesday, May 8th 2018 - 08:54 UTC

  NRA elects ex Reagan aide involved in the Iran-Contra scandal

  

  The influential US gun lobby the National Rifle Association (NRA) has elected a former aide to President Ronald Reagan as its new president. Oliver North, a retired US Marine Colonel, played a major role in the so-called Iran-Contra scandal.