April, 2016

• 18 April

  Draghi brings German olive branch back to ECB bruised by row

  

    Bloomberg If Mario Draghi brought a souvenir back from his trip to Washington, it might just be an olive branch. As the European Central Bank prepares for a policy decision this week, its president will return to his desk armed with an endorsement of stimulus by the International Monetary Fund, and an apparent truce with one of his most ...

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• 18 April

  Brazil impeachment euphoria may fade as quickly as it came

  

    Bloomberg Investors in Brazil may find that getting what they wished for isn’t all it was cracked up to be. The real and the Ibovespa slumped even after the lower house of Congress voted to proceed with President Dilma Rousseff’s ouster. The scope of gains going forward is seen as limited given the difficulty in tackling the country’s economic ...

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• 18 April

  Verizon Communications to bid for Yahoo

  

    Bloomberg Verizon Communications Inc. is the leading suitor for Yahoo! Inc. after a number of bidders decided not to make an offer for the struggling Web company, according to the Wall Street Journal. Time Inc., Alphabet Inc. and IAC/InterActiveCorp have dropped out, while Advent International is among the buyout firms looking at making a bid, the Journal reported, citing ...

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• 18 April

  Yellow water, dirty air, power outages: Maduro’s Venezuela hits a new low

  

    Bloomberg The tap in her apartment yields water only every two weeks. It comes out yellow. Her 8-month-old granddaughter is ill. And as Yajaira Espinoza, a 55-year-old hairdresser, made her way down the halls of Caracas university hospital on Friday, Zika cases evident in the rooms around her, a dense ash-filled smog enveloped the city. “I am so sorry ...

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• 18 April

  PepsiCo registers record profits as snack sales up

  

    Bloomberg PepsiCo Inc. posted first-quarter profit that beat analysts’ estimates after North American snack sales rose, helped by price increases. Earnings were 89 cents a share, excluding some items, the Purchase, New York-based company said in a statement on Monday. Analysts estimated 81 cents, according to data compiled by Bloomberg. Sales fell 2.9 percent to $11.9 billion, matching analysts’ ...

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• 18 April

  Rousseff hangs by thread after losing impeachment vote

  

    Bloomberg Dilma Rousseff’s presidency is hanging by a thread after Brazil’s lower house of Congress voted in favor of her impeachment, a decision that’s likely to cheer investors just as it threatens to bring down the curtain on 13 years of leftist rule. The opposition garnered 367 votes, 25 more than the two-thirds majority it needed to send the ...

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• 18 April

  US presidential hopes wage final campaign in New York

  

    NEW YORK / AFP US presidential hopefuls launched a final campaign swing through New York on Monday on the eve of the state’s most decisive primary in decades as Hillary Clinton and Donald Trump lead the polls and their rivals fight to catch up. Registered Democrats and Republicans go to the polls in the country’s fourth most populous state ...

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• 18 April

  Russian security chief urges crackdown on ‘US influence’

    Moscow / AP The powerful chief of Russia’s equivalent to the FBI on Monday called for sweeping new rights restrictions, including curbing Internet freedoms and making it illegal to question Moscow’s annexation of Crimea from Ukraine. The head of Russia’s Investigative Committee Alexander Bastrykin backed a radical crackdown citing the need to counteract the “destructive” influence of the United ...

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• 18 April

  Libya unity govt set for key vote

  

    Tripoli / AFP Libya’s parliament was set on Monday for a crucial confidence vote on a new unity government, as Britain’s Philip Hammond became the latest top diplomat to land in Tripoli in support of the UN-backed administration. Hammond flew into Tripoli on a surprise trip, hot on the heels of visits last week by the foreign ministers of ...

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• 18 April

  US forces deliver aid to Japanese quake-hit areas

  

    MINAMIASO / AP US airlifts were delivering water, bread, ready-to-eat food and other emergency supplies on Monday to a remote area of southern Japan stricken by two powerful earthquakes, as local rescuers searched for 10 people still reported missing. Authorities said at least 42 people died and more than 1,000 were injured in the quakes on Thursday and early ...

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