With less than a week to the Argentine primaries next Sunday to chose candidates for the October midterm election, the dispute in the province of Buenos Aires which concentrates 35% of the national electorate is particularly interesting as decisive since ex president Cristina Fernandez has good chances of winning the Senate bench.
Investors pulling money out of The City pose a greater risk to London’s financial dominance than banks exiting the UK because of Brexit, according to Square Mile official, Sherry Madera, the City of London Corporation’s special adviser for Asia.
Brazilian farmers are in the midst of collecting their biggest corn harvest ever, and American supplies are also plentiful -- setting the stage for a stiff battle to win world buyers in the second half of the year.
The United States economy added a solid 209,000 jobs in July, exceeding economists’ estimates as the labor market shows few signs of slowing down. The unemployment rate last month fell to 4.3% from 4.4%, the Labor Department reported on Friday.
The United Nations Security Council approved tough new sanctions on North Korea on Saturday including a ban on coal and other exports totaling more than US$1 billion — a huge bite in its total exports, valued at US$3 billion last year. U.S. Ambassador Nikki Haley praised the new sanctions, telling council members after the vote that it is the single largest economic package ever leveled against the North Korean regime.
Mercosur foreign ministers meeting on Saturday in Brazil suspended Venezuela indefinitely for failing to uphold democratic norms amid an intensifying crackdown on dissent in the country. The bloc previously suspended Venezuela in December for failing to uphold commitments it made when it joined the group in 2012.
The newly installed constitutional assembly ousted Venezuela's defiant chief prosecutor on Saturday, a sign that President Nicolas Maduro's embattled government intends to move swiftly against critics and consolidate power amid a fast-moving political crisis.
Brexit will still happen despite the UK becoming more aware of the “density of problems” during withdrawal negotiations, Jean-Claude Juncker has said. The European Commission president indicated he disagreed with the Maltese prime minister Joseph Muscat, who reportedly said last week he saw “hopeful signs” that “Brexit will not happen”.
Irish Prime Minister Leo Varadkar has called for unique solutions to preserve the relationship between the UK and the European Union after Brexit. On his first official visit to Northern Ireland, he raised the possibility of a bilateral UK-EU customs union, and described Brexit as the challenge of this generation.
Mercosur foreign ministers are scheduled to meet this Saturday in Sao Paulo to decide on to how to address latest events in Venezuela, the fifth member of the group which remains suspended, and so far has not replied to calls to cancel the constituent assembly procedure and attempt some form of dialogue with the political opposition.