Mercosur excessive reliance on exports to China and industrial protectionism in chemicals are core stumbling blocks to reaching a free trade agreement (FTA) with the EU, a policy paper published by the 28-country bloc released on Monday.
Brazil's development bank BNDES plans to sell up to 10 billion reais (US$ 2.6 billion) in stakes its investment holding company owns in local companies, a senior executive announced. Investment director Eliane Lustosa said the holding company BNDESPar has already sold 6 billion reais in stocks owned in Brazilian companies this year.
The UK financial services sector will not be hit by Brexit as badly as feared, London's Lord Mayor has said. Charles Bowman told website Politico between 5,000 and 13,000 jobs could go by the UK's departure on 30 March 2019. The figure, which assumes the UK will secure a transition deal, is based on public Brexit job announcements by City firms and internal staff analysis.
The Argentine government will allow companies whose officials are named in a corruption probe to continue work on existing projects and to bid for new ones. Contracts will be honored and companies won’t be punished for what employees may have done, Transport Minister Guillermo Dietrich said in an interview in Buenos Aires.
The British Embassy in Montevideo, Cuti, ARU and ANDE are co-organizing the third edition of Hackathon AGRO which will take place at Expo Prado 2018 on 14-16 September. Hackathon AGRO is an open competition for Uruguayan teams made up of researchers, entrepreneurs and experts in Information Technologies, Agro and Business.
Argentina’s industrial output plunged 8.1% in June compared with the same month last year, government statistics agency Indec said, the sharpest monthly drop since the country was in the grips of an economic meltdown in 2002.
China’s state media said on Saturday the government’s retaliatory tariffs on US$60 billion in U.S. goods showed rational restraint, although in an opinion piece it still admonished the United States for blackmail and bullyboy tactics.
Brazil’s Petrobras benefited from the rising oil prices and booked a thirty-fold yearly jump in its second-quarter net income, which also beat analyst expectations.
Apple hit a market cap of US$1 trillion on Thursday — and hung onto the record valuation at market close — as the iPhone maker became the first publicly traded U.S. company to reach US$1 trillion.
The Falkland Islands government preferred choice for a second commercial flight to the South American continent has met with contrasting opinions as to the practical and potential future consequences of the Sao Paulo destination.This was clearly expressed in the Letters chapter of the Penguin News. One of them comes from the FI Chamber of Commerce, and the second from the main importer of fresh produce to the Islands.