Brazil's economy grew 0.57% in July from June, Brazil's Central Bank said citing the Economic Activity Index (IBC-Br). The data shows a second consecutive month of GDP growth in South America's largest economy.Add your comment!
Brazil's benchmark Bovespa index rose 1.75% on Tuesday, rallying for a second straight day largely on a spike in commodities prices. Two of the Bovespa's most heavily weighted equities, miner Vale and oil giant Petrobras benefited from rising commodity prices worldwide amid escalating China-U.S. trade tensions and signals OPEC is not prepared to raise output to address shrinking supplies from Iran.Add your comment!
Venezuelan President Nicolas Maduro said on Tuesday that new investments from China will help his country dramatically boost its oil production, doubling down on financing from the Asian nation to turn around its crashing economy.2 comments
United States president Donald Trump escalated his trade war with Beijing, imposing 10% tariffs on about US$ 200 billion worth of imports in a move one senior Chinese regulator said “poisoned” the atmosphere for negotiations.7 comments
The International Monetary Fund has warned that a no-deal Brexit on World Trade Organization terms would entail substantial costs for the UK economy. IMF said that all likely Brexit scenarios would entail costs, but a disorderly departure could lead to a significantly worse outcome.2 comments
Venezuelan President Nicolas Maduro dined on expensive steak at a “Salt Bae” restaurant in Istanbul during a stop-off returning from a visit to China, drawing furor back home where millions struggle to get enough to eat and red meat is a rare luxury.3 comments
Calls for a second referendum on Brexit are mounting as Britain approaches the last six months before leaving the EU - but the sands of time could be running out for diehard Remainers. London Mayor Sadiq Khan became the latest big name to call for a vote, joining former prime ministers Tony Blair and John Major and celebrities like football star Gary Lineker.5 comments
French and British fishermen agreed Monday to end their battle over access to scallop-rich waters in the English Channel, three weeks after the long-simmering conflict flared into a high-seas confrontation. The new deal is hoped to bring to a close the years-long “Scallop Wars” over fishing the prized mollusks in the fertile waters off the Baie de Seine area of Normandy in northwest France.Add your comment!
An Argentine federal judge indicted former President Cristina Fernandez on Monday and asked for her arrest for allegedly heading a corruption scheme that collected bribes from business leaders in exchange for public work contracts.5 comments
Brazilian far-right presidential candidate Jair Bolsonaro held a solid lead ahead of the October 7 election following a near-fatal stabbing, but Workers Party (PT) candidate Fernando Haddad emerged in second place, signaling a potential polarized right-left runoff, a poll showed on Monday.Add your comment!