Stories for August 2017

Tuesday, August 15th 2017 - 23:49 UTC
Argentine stocks and the Peso strengthen following Sunday primary results

Argentine stocks rose, the peso strengthened more than 3% and credit default swaps fell on Monday after the mid-term legislative primary election was seen as favoring business-friendly President Mauricio Macri's reform effort.
Tuesday, August 15th 2017 - 15:44 UTC
Trump orders review of China's practices regarding intellectual property; Beijing warns it “will not sit idle”

President Donald Trump has asked his country's top trade official to review China's practices regarding intellectual property. The move was incremental, but could eventually lead to the US imposing trade sanctions.
Tuesday, August 15th 2017 - 14:52 UTC
UK wants to secure a post-Brexit “ambitious new customs arrangement” with the EU

The UK has set out the “ambitious new customs arrangement” it wants to secure with the EU after Brexit. Ministers said the plans would mean the “freest and most frictionless possible trade” with the rest of Europe and could include a “temporary customs union” after Brexit to prevent border problems as the UK leaves the EU.
Tuesday, August 15th 2017 - 10:56 UTC
Canada adopts resolute stance ahead of NAFTA renegotiation scheduled for Wednesday

Canada signaled Monday that it would not give much, if any, ground on the benefits it provides to domestic industries when it joins the U.S. and Mexico to begin renegotiations on the North American Free Trade Agreement this week. A key issue for the U.S. is getting Canada to stop policies that boost its dairy, poultry, and timber industries.
Tuesday, August 15th 2017 - 10:45 UTC
Brazil opens first corn ethanol plant; the country leads in sugarcane ethanol

Brazilian company FS Bioenergia inaugurated a corn ethanol plant, the first in the country, to produce 210 million liters year. The plant was built by a joint venture between the local agro-company Fiagril and US-based Summit Agricultural Group with investments of BRL 450 million (US$ 141.1m), said the Ministry of Agriculture, Livestock and Farming.
Tuesday, August 15th 2017 - 09:34 UTC
Temer and Meirelles discussing with congress leaders budget deficit and cabinet positions

Brazil's government delayed the announcement of looser budget targets for 2017 and 2018, previously expected for Monday, as authorities struggled to estimate revenues given strong opposition in Congress to tax hikes.
Tuesday, August 15th 2017 - 09:24 UTC
Theresa May back from holidays; Brexit papers on the table in anticipation of new round of negotiations

Theresa May is expected to be back in Downing Street this week as ministers prepare to flesh out their negotiating position on Brexit. The return of the Prime Minister, who has spent three weeks on holiday in Italy with her husband Philip, coincides with the publication this week of a series of new position papers on Brexit – including one on the fraught issue of the border between Northern Ireland and the Republic.
Monday, August 14th 2017 - 18:57 UTC
PM May supports Falklands' self determination; calls on Argentina to meet September joint communiqué

Prime Minister Theresa May reiterated the UK Government’s strong and wholehearted support for the Falkland Islands right to self-determination and underlined UK is seeking a more productive relation with Argentina but cautioned that the full potential of the relationship depends on Buenos Aires meeting the public commitments of the September 2016 joint communiqué.
Monday, August 14th 2017 - 17:13 UTC
Champions Feyenoord open with a win

The new season in Holland opened with a major shock as 32 times champions Ajax lost 2-1 at lowly Heracles a team from Almelo on the far east side of the country. After taking the lead in the 58th minute through Hakim Ziyech it seemed as if it was then just a matter of how many goals Ajax would wish to score, but Heracles stunned the Amsterdam side by scoring twice, through Paul Gladon and Brandley Kuwas to secure a memorable victory.
Monday, August 14th 2017 - 12:02 UTC
Brazil’s Pre-Salt Extraction Costs Fall To US$8 Per Barrel

By Haley Zaremba from Oilprice - Not too long ago Brazilian state oil company Petrobras was the most indebted oil & gas company in the world. The long-suffering company has faced dire mismanagement while being weighed down by allegations of involvement in Brazil’s widespread corruption. But that’s all changing.