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No money from Brazil means no work by Keppel

  Bloomberg Keppel Corp., the world’s largest builder of oil rigs, said it won’t resume work for a key Brazilian client until the customer restarts making payments on its orders. Sete Brasil Participacoes SA, embroiled in a corruption probe known in Brazil as Lava Jato and debating whether it should file for bankruptcy, stopped paying Keppel last year on its ...

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Clinton, Donald Trump tipped to win as New York goes to poll

  New York / AFP New York began voting on Tuesday in a high-stakes presidential primary tipped to hand Hillary Clinton and Donald Trump victories in the race to clinch the Democratic and Republican tickets to the White House. The former secretary of state, first lady and New York senator leads the polls by double digits over her Brooklyn-born challenger, ...

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Spain arrests Moroccan in Mallorca ‘linked’ to IS group

  Madrid / AFP Spanish police said on Tuesday they had detained a Moroccan man in the Mediterranean island resort of Palma de Mallorca suspected of recruiting jihadists for the IS group. “A police probe revealed that the accused had close contact with established terrorists involved with Daesh who are currently located in Syria,” they said in a statement using ...

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Taiwan protests after officials ‘barred by China’ at OECD

  Taiwan / AFP Taiwan said on Tuesday it would protest to Beijing and Belgium after its delegation was barred at a global industry conference in Brussels due to complaints from China. It is the latest bout of diplomatic sparring between Taiwan and China as tensions simmer ahead of the inauguration of Taiwan’s president-elect, Tsai Ing-wen, in May. Beijing does ...

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S Korea, Japan, US warn Pyongyang over N-test

  South Korea / AFP South Korea, Japan and the United States on Tuesday warned North Korea of harsher sanctions and deeper isolation if it went ahead with a fifth nuclear test or other provocations. The warning, which followed a trilateral meeting of top diplomatic officials, came amid growing speculation that Pyongyang is in the final stages of preparing an ...

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Ukraine, Russia reach deal to release ‘pilot’

  MOSCOW / AP Ukraine and Russia have reached a deal to release a jailed Ukrainian pilot, President Petro Poroshenko said on Tuesday, without elaborating if it would entail a swap for two Russian servicemen convicted by Kiev. Nadezhda Savchenko was sentenced to 22 years in prison in Russia last month for her alleged role in the deaths of two ...

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EU to provide humanitarian funding for refugees in Greece

  ATHENS / AP The European Commission says it will be providing 700 million euros in emergency humanitarian funding for Greece until 2018 to help it deal with the massive refugee crisis that has seen tens of thousands of people stranded in the country — the first time such funding has been used to help a European Union member. The ...

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US puts immigrant kids with ‘illegals’

  LOS ANGELES / AP The vast majority of immigrant children who arrive alone at the US border are placed by the government with adults who are in the country illegally, federal data reviewed by The Associated Press show. The government has long said that it places the children with family and friends regardless of immigration status. But since more ...

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China’s future may be sleepier than you think

  The debate over how China’s economy might evolve over the next decade generally breaks down into two opposing cases. Bulls are confident that Chinese leaders will make the hard reforms needed to clean up local government debt, reform state companies, open more markets to private-sector competition and liberalize the financial sector. This should enable China to achieve another 10-15 ...

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Brazil’s economy needs a saviour

  Brazilian business leaders and the opposition count on looming impeachment of embattling President Dilma Rousseff, with hope to bail out the country from a deep recession to revive the sagging economy. The economic woes Brazil is experiencing and charges against Rousseff to have illegally manipulated public accounts in order to conceal a budget deficit during an election year, have ...

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