The FAO Food Price Index averaged 173.8 in January, its highest value in almost two years, marking a 2.1% increase from its revised December value and 16.4% above its 2016 January level. The FAO Sugar Price Index surged 9.9% in the month, driven by expectations of protracted supply tightness in Brazil, India and Thailand.
Consumer prices rose less than expected in Brazil in January for the fifth straight month, increasing the chances of steeper interest rate cuts and a stronger economic recovery as the inflation rate falls toward the government's long-missed target.
Argentine president Mauricio Macri is scheduled to launch on Thursday the much expected Patagonia Project, a massive ambitious development program for the southern provinces similar to the Belgrano Plan which was recently launched for the northern provinces.
The British government has seen off an attempt to add conditions to its Brexit bill as a Conservative rebellion was avoided. MPs rejected a bid by Labour's Chris Leslie to force the government to consult Parliament on the deal struck with the EU before it is finalized. It came after ministers pledged that a “meaningful” vote would be offered.
Rockhopper Exploration plc has provided its latest operational and corporate update which includes the North Falkland Basin Sea Lion project and has announced that the technical engineering is approaching conclusion and a settlement on the Eirik Raude rig dispute has been reached.
British Overseas Territories representatives, including from the Falkland Islands held a two-day meeting in London to address Brexit implications such as development funds, tariff free fish exports and the right to travel freely through the European Union. The meeting was in the framework of Prime Minister Theresa May's administration initiative to involve all parts of the UK in preparing for the crucial negotiations.
Uruguayan president Tabare Vazquez, six cabinet ministers and a numerous business delegation begin on Monday a two weeks official tour of Germany, Finland and Russia to increase political and trade links, particularly in the “new international scenario” and hopefully advancing in locking the long delayed accord between the European Union and Mercosur.
United States businesses added 227,000 jobs in January, way above economists' forecasts of about 175,000. The figure, from the Bureau of Labor Statistics, compares with December's rise of 157,000, revised up slightly from last month's first estimate. However, average pay barely rose, and the number of people working part-time but looking for full-time work rose.
Brazil and Argentina will attempt to eliminate trade barriers which limit or impede Mercosur trade, ensuring a free trade space, the sooner the better, revealed Brazilian diplomats in anticipation of the presidential summit next week, when Mauricio Macri is received by Michel Temer in Brasilia.
German chancellor Angela Merkel has welcomed Theresa May's remarks that Britain wants to see a strong Europe - even as it prepares to quit the EU. The prime minister told EU leaders she wanted to build a strong partnership with the EU and pledged the UK would be a good friend and ally post-Brexit.