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Brazil interim gov't under fire in wake of leaked recording

RIO DE JANEIRO— Brazil's interim government came under fire Monday as a secret recording emerged of the new planning minister discussing a purported pact to push for President Dilma Rousseff's impeachment to stall a huge corruption probe that has engulfed much of the nation's political class. Rousseff, Brazil's first female president, was suspended from...

Source: The Associated Press

UPDATE 1-Halc+¦n reaches pact with creditors on prepackaged bankruptcy plan

May 18- Halcón Resources Corp, which produces oil in Texas and North Dakota, said on Wednesday it plans to file for a prepackaged bankruptcy that would wipe out $1.8 billion in debt and help it survive the drop in crude prices. Shares of the Houston- based company fell 55 percent to 44 cents in after-hours trading. Together with several former colleagues from...

Source: Reuters

Federal panel: Pacific trade pact would deliver modest gains

WASHINGTON— A contentious trade deal between the United States and 11 Pacific Rim nations would give the U.S. economy a modest boost, an independent federal agency reported Wednesday. The U.S. International Trade Commission said the Trans-Pacific Partnership would increase economic growth and create jobs. "It seems more than likely that Congress will punt to...

Source: The Associated Press

FACTBOX-EU Commission decisions on euro zone states' 2016 budgets

BRUSSELS, May 18- The European Commission on Wednesday issued decisions on how 2016 budgets of euro zone countries fit in with European Union fiscal rules, known as the Stability and Growth Pact, that set limits on government deficit and debt. The Commission could have fined Madrid, using for the first time powers granted by the sharpened EU rules, but decided...

Source: Reuters

U.S. sugar liquefiers transform sweetener market as prices rally

Traders have attributed the tighter availability to changes to import flows from Mexico after a controversial trade pact with the top supplier into the United States set quotas and minimum prices. "The sugar going to liquefiers and small-scale refiners is a bigger portion now because Mexico has a smaller quota," said Kevin Combs, global sweetener specialist...

Source: Reuters

SunEdison "yieldcos" extend date to file financial reports

May 10- Bankrupt solar company SunEdison's "yieldcos"- TerraForm Global Inc and Terraform Power Inc- said their units had amended credit agreements to extend the date for filing financial reports. Under the amended pact, TerraForm Power LLC will have until May 28 to file its annual and quarterly reports. TerraForm Global LLC must file its annual report by Aug. 29...

Source: Reuters

EU finmins to consider focusing on spending cap to cut morass of budget rules

AMSTERDAM, April 23- European Union finance ministers agreed on Saturday to discuss whether they can regain some control over a morass of EU budget rules by focusing mainly on an annual spending cap as the best measure of compliance. Years of changes and additions to EU rules, called the Stability and Growth Pact, have made meeting targets extremely complex,...

Source: Reuters

UPDATE 1-Puerto Rico has tentative deal with some bondholders - Bloomberg

April 22- Puerto Rico's Government Development Bank reached a tentative agreement with about half of its creditors, Bloomberg reported on Friday, in an effort to keep negotiations out of court. The creditors agreed to a potential forbearance pact, which would allow parties to negotiate out of court, said Jesus Manuel Ortiz, spokesman for Governor Alejandro...

Source: Reuters

Puerto Rico has tentative deal with some bondholders - Bloomberg

April 22- Puerto Rico's Government Development Bank reached a tentative agreement with about half of its creditors, Bloomberg reported on Friday, in an effort to keep negotiations out of court. The creditors agreed to a potential forbearance pact, which would allow parties to negotiate out of court, said Jesus Manuel Ortiz, spokesman for Governor Alejandro...

Source: Reuters

CNBC update: 170 leaders sign Paris climate pact

CNBC's Sue Herera reports the latest headlines including world leaders gathering at the United Nations to sign the Paris Agreement on climate change.

Source: CNBC.com