April, 2016

• 19 April

  Spain to miss deficit target in 2016 as growth slows

  

    Bloomberg Spain is set to miss its deficit target as a cooling global backdrop holds back economic growth, Acting Economy Minister Luis de Guindos said on Tuesday as he presented the budget plan to parliament. The deficit will be 3.6 percent of gross domestic product this year, missing a target of 2.8 percent. That means Spain would require an ...

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• 19 April

  Britons in France lose sangfroid as ‘Le Brexit’ fear looms large

  

    Bloomberg For Britons in France, the upper lip is stiff no more. Louise Garavaglia, who has lived in France for more than two decades, is rushing to apply for a French passport before the June 23 “Brexit” referendum in the U.K. and has no time for “wait and see.” For his part, Paris-based financial consultant Paul Johnson-Ferguson is getting ...

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• 19 April

  Signs of recession flash in US jobs data

  

    Bloomberg As the economy again started off the year on a sour note, the glass-half-full crowd pointed to the strength of the U.S. jobs market as a reason not to worry. As long as payrolls are racking up monthly gains of 200,000 or more, the economy remains in fine fettle, or so the optimists would have it. Take a ...

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• 19 April

  UnitedHealth profit beats estimates, fuelled by Optum unit

  

    Bloomberg UnitedHealth Group Inc., the biggest U.S. health insurer, posted first-quarter profit that beat analysts’ estimates as results from its Optum technology and consulting business helped overcome losses on Affordable Care Act plans. Although selling Obamacare plans represents a small portion of UnitedHealth’s revenue, the business has been under scrutiny because of its widening losses. The insurer plans to ...

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• 19 April

  Argentina planning $15 billion bond sale in market return

  

    Bloomberg Argentina plans to sell as much as $15 billion of bonds in its return to global bond markets after more than a decade of isolation, setting the stage for the biggest emerging-market sovereign sale since at least 1999. The nation reduced the yields it was initially offering investors after surveying potential buyers about their interest in the sale. ...

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• 19 April

  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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• 19 April

  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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• 19 April

  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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• 19 April

  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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• 19 April

  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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