Economy

• Saturday, January 12th 2019 - 10:22 UTC

  EU multinationals refuse to collaborate with Brazil justice investigating Petrobras corruption

  

  Commodities trader Trafigura has refused a judge's order to hand over the email archives of two former executives in Brazil who are facing corruption charges over accusations they bribed officials at state-run oil firm Petrobras.

• Friday, January 11th 2019 - 21:16 UTC

  Mexico's crackdown on fuel theft generates supply shortfalls

  

  Gasoline shortages in Mexico sparked by a crackdown on fuel theft prompted warnings from business leaders that industries like car making will suffer if the shortfalls persist as lines at gas stations in the capital grew during the week.

• Friday, January 11th 2019 - 09:01 UTC

  Japan' s Abe to the rescue: The “whole world” wants UK to avoid a no-deal Brexit

  

  The “whole world” wants the UK to avoid a no-deal Brexit, Japan's PM has claimed, after talks with Theresa May. Shinzo Abe pledged “total support” for the withdrawal agreement she has negotiated with the EU, which faces a crunch vote in the Commons on Tuesday.

• Friday, January 11th 2019 - 08:48 UTC

  China's “insatiable appetite” for seafood is straining South America's resources

  

  China's “insatiable appetite” for seafood is straining the limited abilities of South American countries to enforce their maritime boundaries, according to an article in Dialogo, a website run by US Southern Command. Countries on the Atlantic and Pacific coasts have been affected, and most of the illicit fishing activity in those areas is done by Chinese vessels.

• Friday, January 11th 2019 - 08:43 UTC

  Argentine forex market volatility: Central bank intervenes to prop the dollar, first time in seven months

  

  Argentina’s Peso closed stronger on Thursday, but remained outside the limits of a trading band set by the central bank after it intervened in the market by buying US$ 20 million.

• Friday, January 11th 2019 - 08:34 UTC

  March of torches in Argentine cities to protest soaring costs of public services

  

  Tens of thousands of Argentines marched through Buenos Aires on Thursday evening carrying torches, in the first of a series of planned protests against President Mauricio Macri's austerity program and the soaring cost of public services.

• Thursday, January 10th 2019 - 09:07 UTC

  World's biggest vehicle market faces first annual sales fall in twenty years

  

  Car sales in China, the world's biggest vehicle market, have seen their first annual fall in twenty years. Sales fell 6% to 22.7 million units in 2018, according to the China Passenger Car Association (CPCA).

• 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.