Monday, April 18, 2016

Oil Plummets as Talks Collapse; Brazil Vote Tight: Sunday Wrap
April 17, 2016 — 6:26 PM EDT

Here are highlights of Sunday’s top breaking stories:

After dragging on eight hours longer than planned, a summit in Doha aimed at freezing crude-oil production to stabilize prices ended without a deal. U.S. crude futures initially fell almost 7 percent.

Russia blamed intractability from Saudi Arabia, and the discussion never really got back on track after Iran, which opposes any production cap, announced on Saturday that it wouldn’t attend.

The vote on whether to advance impeachment proceedings against Brazil President Dilma Rousseff was primed to run well into the evening, possibly into Monday morning, with newspapers there predicting it will pass by a handful of votes. Huge crowds gathered in the streets, as the nation was virtually shut down to watch the debate and vote Shoving matches broke out on the floor of the lower house.

Mexico’s finance minister told Donald Trump where to go if he thinks he can force Mexico to pay for his border wall by blocking remittances.

The death toll in Ecuador’s earthquake rose to at least 238 as the government sent about 15,000 troops and police to aid in search and rescue operations. Some oil operations in the smallest OPEC producer were suspended although the oil ministry said there was no significant damage to key infrastructure.

EU antitrust regulators are expected to block CK Hutchison Holdings Ltd.’s $14.5 billion bid for Telefonica SA’s U.K. mobile-phone business.

Disney’s reboot of Jungle Book brought in far more than the bare necessities.

A drone hit a British Airways jetliner coming into London’s Heathrow Airport -- an apparent first after many close calls.

U.S. Democratic presidential candidate Bernie Sanders said it’s time for the U.S. to crack down on Saudi Arabia’s support of fundamentalist Islam that leads to radicalization. He said the U.S. won’t be "blackmailed" by the Saudis’ threat of a mass selloff of U.S. assets if a bill is approved in Congress letting victims of the 9/11 attacks sue the kingdom.

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