Venezuela's largest food distributor on Thursday denounced the government occupation of a Caracas warehouse amid accusations that the company is hoarding goods. Soldiers took over the warehouse complex used by Empresas Polar late Wednesday just as Venezuela's federation of brewers announced that Polar's beer manufacturing subsidia...
Leaders of several British Overseas Territories meeting in Bermuda released a joint statement following a Pre-Joint Ministerial Council two-day meeting held last week in Hamilton. The goal of the international gathering was to discuss matters of common interest in order to present a unified front next December at the JMC in London.
Brazil's central bank raised interest rates to 14.25% from 13.75% as expected on Wednesday, delivering another hefty increase to stifle inflationary risks from a sharp depreciation of the local currency. This is the highest rate since October 2006.
Argentina's economy minister and central bank governor came out strongly to warn the “devaluation club” and speculators in the foreign exchange market who allegedly are pushing the value of the US dollar and sinking the local Peso.
Former Federal Reserve Chairman Alan Greenspan warns that government spending “extremely dangerous” to the future of the US economy. Greenspan decried a rise in entitlement costs, which he contended have pressured the U.S. economy.
The UK has become Santander's most profitable market, generating just over a fifth of the bank's profits in the first half of 2015. Pre-tax profits in the UK rose £74m to £928m, while revenues were up 5%. The results eclipsed the €1bn (£700m) posted by the Spanish bank's Brazilian operation, which saw its revenues jump by 9%.
The US economy grew at an annualized pace of 2.3% in the three months to June, official figures have shown. The figure - the first estimate of growth in the second quarter - followed an upwardly revised growth rate of 0.6% in the first three months of the year. The Commerce Department said growth was boosted by increased consumer spending and cheaper fuel prices.
Former BBC' Top Gear hosts Jeremy Clarkson, Richard Hammond and James May have signed up to present a new show on Amazon's streaming video service. The trio will front three series of a new motoring program for Amazon Prime, with the first season to be made available worldwide in 2016.
The US dollar ended Thursday trading in the Chilean money exchange market at its highest since December 2008, that is 674 Pesos for the greenback. Currently and seven years ago the main reason has been the US monetary policy: the sub-prime crash in the US and fears of the debacle expanding to the rest of the world, and now growing chances of the Federal Reserve deciding on a rise of the prime rate.
The age of electrification across the transportation sector, the solar panel revolution, and Tesla's battery giga-factory are igniting a battle for the cheapest battery. That will transform lithium into a boom-time mineral and the hottest commodity on the energy investor's radar. It has been easy to take lithium for granted.
Brazil' minister of agriculture Katia Abreu said she was very optimistic about Mercosur reaching a trade agreement with the European Union, and if there are problems look to Europe, because Mercosur members have almost agreed and finished their proposal.
The United States Federal Reserve on Wednesday decided to leave its benchmark federal funds interest rate unchanged at between 0 percent and 0.25 percent, while it offered an optimistic assessment of the world's biggest economy and hinted that a rate hike remains on the short-term horizon.
Gibraltar has accused Spain of having chosen once again not to behave as European partners as a result of the latest pedestrian delays at the border. The Gibraltar Office in Brussels was asked to relay information to the European Commission on the latest delays caused by the introduction of an Automated Border Control system on the Spanish side.
Michel Platini launched his bid to replace Sepp Blatter at the helm of world football, pledging to give FIFA back the dignity and the position it deserves.
On Wednesday he sent a letter to the leaders of FIFA's 209 member associations, some of whom he canvassed for their support at the 2018 World Cup draw in St Petersburg last Saturday.
- First cargo ships sail along Egypt's new expanded Suez Canal; official opening in August
- Cruise lines agree to equal access for individuals with disabilities
- Uruguay announces controversial massive infrastructure investment program
- Maduro formally requests UN mediation in border dispute with Guyana
- Positive signals from Argentina's economy ahead of October's election
- Energy & Oil
- “Operation radioactivity” unveils corruption in Brazil's Electrobras
- Volkswagen overtakes Toyota to became world's biggest selling vehicle maker
- Chinese shares on the slide after dropping 8% on Monday; central bank to inject liquidity