Quito / Reuters Latin America’s main oil exporters called on both OPEC and non-OPEC nations to take action to stabilize oil markets, in a timid statement that did not explicitly back an output freeze or offer more aggressive proposals to shore up slumping prices. Delegations from Colombia, Ecuador, Mexico and Venezuela met in Quito in the run-up to a meeting ...
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Canada dollar surges most in 3 weeks after hiring tops estimates in March
Bloomberg Canada’s dollar surged the most in three weeks after employers added more jobs in March than economists forecast, fanning speculation the Bank of Canada will refrain from cutting interest rates further. The loonie, as the Canadian dollar is known for the image of the aquatic bird on the C$1 coin, gained 1.2 percent to C$1.2988 per U.S. dollar at ...
Read More »Argentina bondholders say nation reneging on deals
Bloomberg A group that holds defaulted Argentine bonds is seeking to block the nation from going forward with more than $6.2 billion in settlements until it gets paid. The investors, including Trinity Investments Limited, Attestor Value Master Fund and Bybrook Capital Master Fund, said the nation is claiming it doesn’t have to pay them if they waited too long to ...
Read More »Iowa corn fuels Brazil cars as demand spurs imports
Bloomberg At the Plymouth Energy LLC plant in the heart of the U.S. corn belt — where home-grown fuel from grain was supposed to ease American dependence on foreign oil — every drop of ethanol goes to motorists in Brazil. Like many Midwest distillers, Plymouth’s Merrill, Iowa, plant was built a decade ago for a U.S. market that was importing ...
Read More »Kerry in Kabul on unannounced visit to support unity government
Kabul / AFP US Secretary of State John Kerry landed in Kabul on Saturday on an unannounced visit to show support for the Afghan unity government and its attempts to revive peace talks with the Taliban. His visit comes as the extremist group is experiencing a resurgence following the withdrawal of US-led combat troops in 2014, announcing recently it was ...
Read More »Obama says Democrats are good for American govt
SAN FRANCISCO/ AP President Barack Obama praised Democratic lawmakers for having his back through some politically tough votes and encouraged supporters to help elect more of them in November. “A Democratic Congress is good for America,” he said Friday. Obama also criticized Senate Republicans for refusing to consider his Supreme Court nominee and said GOP presidential candidates Donald Trump and ...
Read More »Freed Italian hostage leaves Philippines hospital
Philippines / AFP A retired Italian priest held hostage for six months by suspected militants left a Philippine hospital on Saturday a day after his ordeal ended, looking frail though officials said he was in good health. His face partly hidden by a red baseball cap, Rolando Del Torchio stroked his grey beard and waved briefly before getting into an ...
Read More »Vietnam wraps up leadership change ahead of Obama visit
Hanoi / AFP Vietnam’s rubber-stamp parliament approved 21 new minister positions on Saturday, state media reported, finishing off a leadership reshuffle among Communist top brass ahead of a visit by US President Barack Obama next month. The National Assembly approved three new deputy prime ministers and 18 other cabinet members, according to the legislature’s official website, concluding a change in ...
Read More »Trump faces bleak poll landscape
Washington / AFP Donald Trump may have a difficult but not improbable route to the Republican presidential nomination. When it comes to ultimate victory in November’s general election, however, the real estate tycoon faces a far more forbidding path. He still needs to repel the late revolt by rival Ted Cruz as the two gallop toward the campaign season’s final ...
Read More »Darfur votes in referendum shunned by rebels
Sudan / AFP Sudan’s conflict-hit Darfur region starts voting on Monday on whether to unify its five states, a long-standing demand of rebels seeking greater autonomy, but ongoing instability means insurgents are boycotting the referendum. The three-day vote is expected to maintain the five-state system, which President Omar Al Bashir’s ruling party says is more efficient but which observers say ...
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