Economy

• Thursday, January 10th 2019 - 08:54 UTC

  Second defeat of May's Brexit deal in Commons vote: several Tories crossed lines

  

  Rebel Conservative MPs joined forces on Wednesday with Labour to inflict a fresh blow on Theresa May's government in a Commons Brexit vote. It means the government will have to come up with revised plans within three days if Mrs May's EU withdrawal deal is rejected by MPs next week.

• Thursday, January 10th 2019 - 08:40 UTC

  Jaguar Land Rover is cutting 5.000 jobs from its 40.000 strong UK workforce

  

  Jaguar Land Rover (JLR) will announce on Thursday it is cutting up to 5,000 jobs from its 40,000 strong UK workforce. Management, marketing and administrative roles are expected to be hardest hit, but some production staff may also be affected.

• Thursday, January 10th 2019 - 08:32 UTC

  Brazil's soybean crop forecast cut 4.5m tons: hot spell in southern states

  

  Brazil’s 2018/19 soybean crop forecast was cut to 116.9 million tons on Wednesday from 121.4 million tons late in November, said consultancy AgRural, blaming extreme heat and a dry spell in southern areas for the smaller projection.

• Thursday, January 10th 2019 - 08:28 UTC

  World Bank lowers Brazil tepid growth estimates both in 2018 and 2019

  

  The World Bank lowered its growth estimates for Brazil both in 2018 and this year. Last June the multilateral organization bi-annual report indicated that Latin America's largest economy would advance 2.4%, but it has now reduced that to 1.2%, one of the greatest falls for any country in the report.

• Wednesday, January 9th 2019 - 19:01 UTC

  US government shutdown leaves farmers and markets with no reports on world crops

  

  The U.S. Department of Agriculture (USDA) delayed several major U.S. and world crop reports because of the two-week-old partial government shutdown, the agency said on Friday. New release dates for the monthly World Agricultural Supply and Demand Estimates report and other data originally scheduled for Jan. 11 will be set once government funding is restored, USDA said.

• Wednesday, January 9th 2019 - 14:49 UTC

  Brazil's Bovespa closes above 92.000 points for the first time ever

  

  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.

• Wednesday, January 9th 2019 - 08:45 UTC

  Domestic car sales in Brazilian domestic market in line with expectations

  

  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.

• Wednesday, January 9th 2019 - 08:41 UTC

  Brexit plan's five-day debate takes off; Westminster shuts off “no-deal option”

  

  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.

• Wednesday, January 9th 2019 - 08:40 UTC

  World Bank says global economy is “soft landing”, so far “orderly”

  

  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.

• Wednesday, January 9th 2019 - 07:00 UTC

  Volatile cruise market: regular lines with rebates of up to 19%, but premiums can be 60% higher

  

  Good news: prices for many cruises in January 2019 are significantly lower than they were a year ago. However, there are major differences by cruise line. While the analysis found that the average cruise price per day actually increased by around 3% – from US$ 397 to US$ 407 per person per night – it also showed substantial price discounts for certain cruise lines.