Things are looking up for the Brazilian economy - but it won't be due to the Olympic games starting this week, according to a UBS report published last Friday.
The United States and Brazil have agreed to allow access to each other's beef markets after more than a decade of negotiations. Brazil's Ministry of Agriculture, Livestock and Food Supply has agreed to imports of U.S. beef for the first time in 13 years, USDA announced today. And the U.S. will accept Brazilian beef for the first time since 1999.
China’s role in Argentina’s foreign relations will be more balanced than during the Kirchner administrations, with a larger role played instead by the United States and European countries, the country’s ambassador to Beijing Diego Guelar said, claiming Chinese investment will have to be more competitive.
The United States economy grew at a much slower pace than expected in the second quarter and GDP was revised down in the first three months of the year. The world's largest economy grew at an annual rate of 1.2% in the three months to June, far below forecasts of 2.6%, Growth for the first quarter was revised down from 1.1% to 0.8%.
Argentina and Mexico agree on the need to reach absolute integration and free trade, as part of the closer bilateral relations confirmed with the visit to Buenos Aires of Mexican head of state Enrique Peña Nieto.
Brazil's summer Olympics, scheduled to be opened in less than a week, have added another challenge to the long list of complaints and disease-scares, such as Zika, but this time the culprits are not mosquitoes but an alleged outbreak of glanders disease, a deadly equine respiratory condition. And this has surfaced when the world's top riders and their mounts prepare to compete in Rio de Janeiro events.
Unemployment in Magallanes, extreme south of Chile climbed strongly during the March/May quarter, from 3.6% to 5.7%, marking the third consecutive mobile quarter increase. The 5.7% is the highest unemployment mark in five years, in 2015, 4%; 2014, 2.8%; 2013, 2.7%; 2012, 3% and in 2011, 4%.
The United States Federal Reserve on Thursday left key interest rates untouched but acknowledged improved economic performance, suggesting a rate increase may be on the horizon in 2016.
Ushuaia, the world's most extreme south city and the gateway for Antarctica cruise tours is planning to upgrade its port facilities including the expansion of the main pier by 251 meters increasing the docking capacity for tourism vessels during the summer season.
Brazil's interim President Michel Temer vetoed on Tuesday an article in a new law, which would allow foreign investors to take 100% ownership of Brazilian airlines, according to the official Gazette. The article is part of a law seeking to modify areas of the aviation sector, mainly in order to allow the state-owned airport infrastructure firm, Infraero, to restructure its debts.