Latin American stocks in the region's main markets closed on Tuesday at new highs on the positive outlook for the ongoing US/China trade talks in Beijing. Brazil's Bovespa index ended trading above 92,000 points for the first time ever after hitting several record highs last week.
A Brazilian man facing allegations of bribing officials at state-run oil company Petrobras on behalf of Vitol Group, Glencore and other major oil trading firms has been arrested in the United States, authorities said Tuesday.
Car and light truck sales in Brazil went up 13.6% in 2018 from the previous year, cementing the industry’s gradual recovery from a deep recession. Brazil was one of the world’s five biggest auto markets until a recent downturn and, despite last year’s growth, numbers remain lower than at their peak in 2012.
MPs will begin debating Theresa May's Brexit plan again on Wednesday, nearly a month after she postponed the crunch Commons vote on her agreement. There will be five days of discussion on the terms of the UK's withdrawal and future relations with the EU ahead of an expected vote next Tuesday.
The World Bank is warning of increasing risks, or what it calls “darkening skies”, for the world economy. In its annual assessment of global prospects the Bank predicts continued, though somewhat slower, growth this year and next.
US energy company ExxonMobil has started drilling one of two new exploration wells offshore Guyana. It’s the first of two wells to be drilled this month. The world’s largest publicly traded international oil and gas company said in a statement that the Stena Carron drillship is drilling the Haimara-1 well, located 19 miles east of the Pluma-1 discovery in the southeast Stabroek Block.
Ireland’s Foreign Affairs Minister has said the country will not stand in the way if the British Government asks for an extension to Article 50. Simon Coveney said they want to avoid a no-deal Brexit scenario as “everyone loses”.
A 20-year-old man has made a comprehensive confession that he was behind a data breach affecting hundreds of high-profile Germans, police say. Styling himself G0d, he published private information about politicians, journalists, and celebrities on Twitter, under the username @_0rbit.
United States president Donald Trump has demanded funding for his long-promised US-Mexico border wall to halt “a growing humanitarian and security crisis”. But in his first TV address to the nation from the Oval Office, Mr Trump did not declare a national emergency to bypass Congress and build the barrier.
EU says the US government has changed the bloc's diplomatic status in Washington, in practice downgrading it. The Trump administration did not notify the EU about the change. The EU has asked the US to explain the move, EU spokeswoman Maja Kocijancic says.