When reports emerged that India and China are in talks about forming an oil buyers' club, OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. Now, it may be time for it to start worrying.
Despite an international context characterized by stronger growth in the global economy, abundant international liquidity, high corporate returns and optimism in financial markets, the flows of Foreign Direct Investment (FDI) in Latin America and the Caribbean – on average, and with great heterogeneity within the region – fell for the third year in a row in 2017 to total US$ 161.673 billion dollars, down 3.6% from the previous year and 20% below the level reached in 2011.
Non-EU nationals exempt from visa requirements will have to get an authorization before travelling to the EU, under new rules backed by the European Parliament (EP) on Thursday.
Agricultural and fisheries production in Latin America and Caribbean is projected to expand by 17% over the next ten years, says a new report from the Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization of the United Nations (FAO).
Brazil's benchmark Bovespa index jumped more than 1% on Wednesday in low-volume trading on the U.S. Independence Day holiday, while shares of Brazilian power utility Centrais Elétricas Brasileiras SA soared.
Brazilian police arrested a senior General Electric Co executive on Wednesday, as part of a sprawling investigation into fraud in medical equipment tenders overseen by health authorities in the state of Rio de Janeiro, police and prosecutors said.
Two British citizens are critically ill after they were exposed to Novichok, the same nerve agent that struck down a former Russian agent and his daughter in March, Britain’s top counter-terrorism officer said on Wednesday.
Industrial output in Brazil plummeted in May at the sharpest pace in a decade, highlighting the deep impact of a nationwide truckers' strike in the final weeks of that month. Production fell 10.9% from April, government statistics agency IBGE said on Wednesday, the largest decline since December 2008.
FIFA says it strongly rebukes comments made by its ambassador Diego Maradona criticising American referee Mark Geiger's handling of England's win against Colombia in the World Cup round of 16 on Tuesday. It's the third controversy involving the Argentina great at the World Cup, which he has mostly attended as a VIP guest of FIFA.
Embraer SA Chief Executive Officer Paulo Souza e Silva said the company is in the final stage of talks to combine operations with Boeing Co, newspaper Valor Economico reported on its website late on Wednesday. Souza e Silva, attending an event hosted by the paper, declined to elaborate on details of the agreement and described the negotiation as complex.