Brazil’s economic recovery gained traction in the third quarter, supported by steady family consumption and a rebound in investment. GDP expanded 0.1% from the second quarter and 1.4% from the previous year, the national statistics agency said.Add your comment!
The European Commission said on Friday enough progress had been made in Brexit negotiations with Britain to allow a second phase of talks on future relations to begin, ending an impasse over the status of the Irish border.4 comments
There were calls for David Davis to resign as Brexit Secretary and face investigation for contempt of Parliament, after he admitted that the UK Government has produced no impact assessments on the effect of Brexit on different sectors of the UK economy.6 comments
U.S. seeds company Monsanto Co is confident Brazilian courts will uphold its Intacta RR2 PRO soy seed patent despite a challenge from grain growers in the state of Mato Grosso, the company’s chief of South American operations said this week.Add your comment!
Products from the Falkland Islands Fish Company, the trading name of Fortuna Ltd’s new Stanley fish processing plant, were featured recently in China and attracted favorable attention from trade media.2 comments
China Petroleum & Chemical Corp., the state-controlled oil company, is suing Petroleos de Venezuela SA in U.S. courts for unpaid bills. Sinopec, as the Chinese company is known, also filed a request for arbitration against PDVSA at the International Chamber of Commerce, as it alleges damages of at least $23.7 million, according to court papers.Add your comment!
Mercosur is confident a framework agreement with the European Union will be announced next week despite resistance from farmers in Europe to permit tariff-free beef imports, a Mercosur official said. “There is more than a 70% chance of reaching a deal,” said the official close to the negotiations that have dragged on for almost two decades.2 comments
Brazil’s central bank cut interest rates to an all-time low on Wednesday and hinted at a smaller reduction early next year, although it said it would be extra cautious going forward. The bank’s nine-member monetary policy committee, known as Copom, cut the benchmark Selic rate by 50 basis points to 7.00%, capping a 725 basis-point decline since October 2016.1 comment
Spanish Prime Minister Mariano Rajoy said he expected Britain and the European Union to progress soon into the next phase of Brexit negotiations, despite Prime Minister Theresa May’s problems in getting the political backing at home to move ahead.2 comments
The European Union has put 17 non-EU countries on a blacklist of those it deems guilty of unfairly offering tax avoidance schemes, prompting protest from Panama's president. EU vice president Valdis Dombrovskis said after a meeting of the bloc's finance ministers that beyond the 17 nations, over 40 more were put on a grey list to be monitored until they are fully committed to reforms.