America

Brazil: Senate says yes to Rousseff impeachment

The Brazilian Senate has voted in favor of impeachment of Dilma Rousseff, 55 votes to 22. The suspension from office of the first woman president goes down, after 13 years, even the leadership of the Workers Party, which began with the election of Inacio Lula De Silva. Suspended from office for 180 days, period within which will be processed, Dilma Rousseff will be replaced immediately by Vice President Michel Temer. That in the event of dismissal of Rousseff and if not you will go to early elections, will complete the presidential term will end January 1, 2019.

The verdict came after a lengthy parliamentary debate that lasted 16 hours without interruption. The charges against Dilma Rousseff are based on the alleged irregularity of some fiscal measures the government between 2014 and 2015.

Continue reading

Venezuela: the economic situation worsens

In Venezuela, the economic situation is near collapse: the lack of basic necessities has become so serious that in recent days there have been several outbreaks of violence, starting from the state of Cabobo, where some demonstrators blocked for hours and for second consecutive day, the highway accesses that connects Valencia to Puerto Cabello to ask, first of all, that the national government to restore the drinking water supplies. Only the intervention of the National Guard allowed to remove roadblocks.

Continue reading

US imports prices grew for the second consecutive month in April

Prices for imported goods rose for the second straight month in April, a sign firming oil prices could be pushing up inflation pressures in the U.S.

As measured by the US Bureau of Labour Statistics, import prices rose in April by 0.3%, after + 0.3% in March and revised -0.5% in February. The figure is worse than expected by analysts which estimated a more marked rise of 0.5%. On an annual basis, there was a 5.2% fall in prices.

Net oil imports the import prices recorded a 0.1% rise, representing an annual decline of 2%. The recovery of agricultural and non-agricultural prices has had a positive impact on the price index for exports which rose 0.5%, after remaining unchanged in the previous month, after falling 2.3% in February.

Continue reading

Walt Disney: disappointing quarterly despite Star Wars

Positive quarterly by Walt Disney but not quite: if the film division results appear satisfactory, sports channels and the decline of subscribers are felt on the accounts. The entertainment giant American ended the three months to April 2, with profits growing, thanks to the success of films such as "Star Wars" and "Zootopia", but less than market expectations, which had not happened for five years now. Also weighing on the results of the fall of the sports channel ESPN subscribers, the costs associated with Disneyland Paris and the opening of the amusement park in Shanghai, scheduled for next month.

Continue reading

Brazil: Chamber gives the ok to impeachment

The president of the Brazilian Chamber has backtracked on the decision, announced just twenty-four hours earlier, to suspend the impeachment process of President Dilma Rousseff. With a sensational turnaround, avoiding an institutional battle destined to end up before the Supreme Court, Waldir Maranhao, Acting President of the Chamber of Deputies, has said in a statement that "reconsider" the decision to cancel the vote of April 17, when MEPs approved the start of impeachment proceedings.

The Senate President Renan Calheiros had already decided, however, that the impeachment process of President – accused had "adjusted" the Public Accounts to present the best to the voters that, in 2014, had to confirm it in the second mandato- would follow its course tomorrow in the plenum of the "upper house", ignoring the order of Maranhao.

Continue reading

Mega fire in Canada cuts deep oil production

The devastating fire broke out in Canada, last week, reduced the daily production capacity of over 1 million barrels per day, and continues to push forward oil prices.

The contract expiring in June Light crude trading at $ 43.86 a barrel, up 0.97% while Brent gained 1.58% to $ 44.33. The huge fire broke out in the region of the wells, in the Province of Alberta and hit the city of Fort McMurray where more than 80,000 people were evacuated. Firefighters said that cooler temperatures are slowing the spread of the fires, but the situation is likely to last for weeks.

Meanwhile, the oil companies have reported that the reduction of oil production is between 1 and 1.5 million barrels a day, out of a total of 2.5 million barrels.

Continue reading

The Tribune says no to marriage with USA Today

The publishing group that controls the Los Angeles Times and the Chicago Tribune has rejected the offer made last week by Gannett, which publishes the newspaper USA Today. The Board of Tribune Publishing took the view that the tender offer price "undervalues the true value of the company" and therefore "it is not in the best interests of our shareholders." Gannett had made an offer of $ 12.25 per share value, recognizing a premium of 63% over the previous close.

Continue reading

San Diego aims decided on renewable energy

San Diego has decided to focus on renewable energies.

The Californian city set in 19 years, the time frame necessary to become a model of sustainability: the aim of the ambitious Action Plan for Climate signed recently by Mayor Kevin Falconer expects the Californian city is fully powered from clean energy by 2035. to carry out this project, the next city budget will be allocated 127 million dollars to subsidize the increasing separate waste collection and recycling, sustainable mobility and savings, both energy and water, of course, the development of renewable energy, most notably photovoltaics.

Continue reading