Stories for May 15th 2024

Wednesday, May 15th 2024 - 19:54 UTC
Petrobras' shares plummet after Prates' departure from CEO post

Brazilian President Luiz Inácio Lula da Silva's decision to have Jean-Paul Prates removed as CEO of the State-run oil company Petrobras resulted in shares dropping more than 8% at the Sao Paulo Stock Exchange on Wednesday. Ordinary shares (PETR3) fell 8.36% while preferred shares (PETR4) went down 6.75%, it was reported. In addition, Petrobras' ADRs (American Depositary Receipt) in New York were down around 7.5% on Wednesday.
Wednesday, May 15th 2024 - 19:20 UTC
Lula orders major reshuffle at Petrobras' helm

President Luiz Inácio Lula da Silva has ordered a reshuffle at the top of Brazil's state-run oil company Petrobras, with Magda Chambriard replacing Jean-Paul Prates as CEO, Agencia Brasil reported. Following the head of state's decision late Tuesday, the board of directors approved the early termination of Prates' term Wednesday morning. In the meantime, and until Chambriard takes office, Corporate Affairs Executive Director Clarice Coppetti has been appointed on an interim basis.
Wednesday, May 15th 2024 - 16:58 UTC
Milei celebrates inflation figures football-style

Argentine President Javier Milei became overtly extrovert on social media Tuesday after the National Institute of Statistics and Census (Indec) announced that April's monthly Consumer Price Index (CPI) had stood at 8.8%. “GOOOOOOOOOOOOOOOOOOOL...!!!!,” he wrote in football-fan mode. Meanwhile, Presidential Spokesman Manuel Adorni said inflation had “its death certificate signed.”
Wednesday, May 15th 2024 - 16:45 UTC
Brazil allows unrestricted entry of international donations and used equipment for Rio Grande do Sul

Given the calamity conditions in the southern state of Rio Grande do Sul, because of the floods and prospects of further rainfall, leaving at least two million people displaced, the government of Brazil has allowed the unrestricted entry of international donations into RGdoS for the ensuing 30 days.
Wednesday, May 15th 2024 - 16:40 UTC
Rioting in French Overseas Territory over voting rights diluting indigenous Kanaks influence

The government of the French Overseas Territory of New Caledonia, to the east of Australia appealed to security forces and issued a 12-hour overnight curfew for Tuesday night following violent protests and rioting in the capital Noumea.
Wednesday, May 15th 2024 - 16:40 UTC
Uruguay has new rules for housing of street dwellers in Winter

An initiative from Uruguay's ruling Multicolor coalition for the compulsory hospitalization of street dwellers has been signed into law, it was reported in Montevideo. The opposition Broad Front (Frente Amplio - FA) was split when voting in the Lower House.
Wednesday, May 15th 2024 - 16:39 UTC
Paraguayan President off on US, Taiwan tour

Paraguayan President Santiago Peña left Tuesday for the United States to participate in a series of engagements regarding security and technology until May 17 when he will go to Taiwan. Peña took heavy criticism for bringing along his son Gonzalo Peña. The head of state said he would cover his son's expenses with his own money but is yet to show concrete evidence thereof.
Wednesday, May 15th 2024 - 16:34 UTC
Disneyland approved for major expansion since opening

Disneyland's recent approval for a major expansion marks a significant milestone in its illustrious history since opening its gates decades ago. As one of the world's most iconic theme parks, this expansion promises to bring even more magic and wonder to visitors of all ages.
Wednesday, May 15th 2024 - 10:33 UTC
Uruguay leads in Latin America by far in the Good Government Index

The Chandler Institute of Governance (CIG) is launching the fourth edition of the Chandler Good Government Index (CGGI) this Wednesday, live from London with an event featuring Julia Gillard AC, Australia’s 27th Prime Minister. The performance Index shows Uruguay clearly rose in Latin America, on the “Leadership and Foresight, and Attractive Marketplace” pillars.