Brazilian stocks edged higher to mark a record close on Monday, underpinned by optimism over the nation's fiscal outlook as well as a strong flow of international investment. The benchmark Bovespa stock index continued its climb following a seven-day string of gains.
Where was the best New Year party in the World? At Times Square New York in below zero temperature or on a sunny summer beach day in Rio De Janeiro with 2.4 million happy tourists and locals going wild. On Sunday, December 31st, 2.4 million people gathered on Copacabana’s beach to welcome 2018. According to Riotur, this is the largest audience ever registered in Copacabana’s New Year’s Eve celebration, considered one of the best in the world.
Siemens Gamesa Renewable Energy SA is in final negotiations to supply about 700 megawatts of wind turbines for power plants in Brazil. The deal are to supply equipment for projects that Voltalia SA, EDP Renovaveis SA, Enel Green Power SpA, and Neoenergia SA are developing in northeast Brazil. The orders are all for wind farms that won government-organized power auctions in December.
Brazilian police have requested that President Michel Temer answers 50 questions as part of an investigation into alleged corruption involving a decree regulating the country's ports, a government spokesman said.
European Commission chief Jean-Claude Juncker says he believes Brexit will go ahead and the EU should tackle its looming budget shortfall. Don't believe those who say that it's not going to happen and that people in the UK have realized their error... I don't think that's going to be the case, he told a Brussels conference.
Millions of Britons are being encouraged to say they were sick while on holiday, according to the Association of British Travel Agents. A poll carried out for ABTA suggests that 19% of all holidaymakers may have been approached by a claims management company on their return home.
The UK's biggest carmaker, Jaguar Land Rover (JLR), has said sales hit a record high last year. The company reported Jaguar sold 178,601 cars, up 20% on the year before, while Land Rover sales rose 2% to 442,508. JLR said sales had more than tripled since 2009.
Prime Minister Theresa May attempted to re-energize her government with a Cabinet shake-up Monday as Britain prepares for a crucial phase in the negotiations over its departure from the European Union. But May, who heads a minority government divided over Brexit, had limited room to make changes, and the overhaul could reinforce perceptions that her authority is fragile.
Buenos Aires province governor Maria Eugenia Vidal said that the union boss arrested in Uruguay is one of “the many Balcedo and Caballos Suarez”, who before were protected, and today are behind bars”.
A new report by BMI Research states that based on project pipelines, Chile and Argentina will lead lithium production in coming years, with the bulk of new capacity coming online in 2019.