Industrial output in Brazil rose for a second straight month in May, government data showed on Tuesday, underpinning hopes that the economy will not fall back into recession despite an escalating political crisis.
The emblematic Argentine navy icebreaker Almirante Irizar, responsible for the country's Antarctic effort left Buenos Aires on Tuesday for high sea trials. The Atlantic incursion was its first in ten years, since in 2007 the icebreaker suffered a major fire that almost destroyed the vessel, originally built in Finland.
Brazilian police have arrested a close ally of President Michel Temer as part of a corruption investigation into a government-controlled bank. Geddel Vieira Lima, a former cabinet minister, had been in charge of Temer's relations with Congress.
Business leaders from the City of London are to send a delegation to Brussels with a proposal for a post-Brexit free trade deal for financial services, it is reported. According to the Financial Times, the group will be led by former City minister Mark Hoban as banks fear the fallout from Brexit negotiations if access to EU markets is curtailed.
Destroyer La Argentina was damaged when it rammed its bow against a jetty at the Punta Alta naval base while attempting to make it to the high seas. She is scheduled to join an international naval exercise in the Pacific and bring several helicopters on her return trip from Peru.
Argentine president Mauricio Macri is scheduled to meet in Hamburg with British Prime Minister Theresa May to reinforce cooperation and joint efforts but with the difference resulting from the dispute over the Falklands/Malvinas Islands remaining on the table, according to government sources in Buenos Aires.
Economists have downgraded Britain’s growth prospects in the wake of political uncertainty following the general election and as a prolonged Brexit drag on business investment looms. New forecasts by the Centre for Economics and Business Research (Cebr) show that the UK economy will grow by just 1.3% in 2017, a substantial downward revision from an earlier forecast of 1.7%.
Brexit is not a dominant issue for European Union countries, Chancellor of the Exchequer Philip Hammond acknowledged as he called for jobs and prosperity to be the first priority in the negotiations. The Chancellor told business leaders that the UK had to remember that Brexit was “just one among many challenges” facing the other EU members.
The sale of brand new cars in Mercosur giant Brazil went up 3.65 percent in the first half of 2017 compared to the same period of 2016 and crossing the psychologically significant 1-million-unit mark, according to auto industry sources. Brazil has been a traditional top-10 global market for cars.
Aerolineas Argentinas' CEO Mario Dell'Acqua Tuesday announced the national flag carrier had transported just over 6.2 million passengers, 30 percent more than the 4.5 million transported in the same period of 2015, the company's best year in that regard. In 2016 the figure was of around 5.5 million.