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Peru keeps 4.25 pc rate as inflation retreats amid sol’s rally

  Bloomberg Peru kept borrowing costs unchanged for a second month as slowing inflation and a rally in the sol give policy makers more time to gauge the impact of earlier rate increases. The central bank board, led by bank President Julio Velarde, maintained the key rate at 4.25 percent, matching the forecasts of 11 of 14 economists surveyed by ...

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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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