Economy

Tuesday, December 4th 2018 - 09:04 UTC
Brazil increasing ethanol capacity because of depressed global sugar prices

Brazilian sugar companies are increasing their capacity to produce ethanol in the face of depressed global sugar prices and government policies expected to boost demand for the biofuel. A shift to ethanol in the 2018-19 season slashed Brazil’s sugar output by 9 million tons to a 12-year low and more switching to the biofuel next season could help to wipe out a global surplus weighing on sugar prices.
Tuesday, December 4th 2018 - 08:58 UTC
Benchmark emerging-market stocks index waiting for Brazil's Bolsonaro

Brazil’s presence in the benchmark emerging-market stock index could rise again should incoming President Jair Bolsonaro deliver on his promises to shore up the finances of Latin America’s largest economy, according to MSCI Inc chief executive Henry Fernandez.
Tuesday, December 4th 2018 - 08:48 UTC
Australian drought hits wheat estimates: lowest crop in a decade

Australia on Tuesday lowered its wheat production forecast by 11% to the smallest in a decade amid a crippling drought across the country’s east coast that may cut exports from the world’s fourth biggest supplier.
Tuesday, December 4th 2018 - 08:17 UTC
Refusal to publish Brexit deal triggers contempt of Parliament debate in Commons

The UK government may have broken Parliamentary rules by not publishing Brexit legal advice, the Commons Speaker has said. John Bercow said there was an “arguable case” that a contempt of Parliament has been committed.
Tuesday, December 4th 2018 - 05:42 UTC
British PM May appoints Mark Menzies MP as Trade Envoy to Argentina

Prime Minister Theresa May has appointed Mark Menzies MP as the Prime Minister's Trade Envoy to Argentina. The announcement was made on Monday by the Secretary of State for International Trade Liam Fox, in a message to both Houses of Parliament.
Monday, December 3rd 2018 - 13:43 UTC
Japan's doors open again to Uruguayan beef after Shinzo Abe's Montevideo stop

Uruguay's President Tabaré Vázquez met Sunday with Japanese Prime Minister Shinzo Abe in Montevideo. During the encounter, both leaders signed an agreement which opened Japan's market to beef exports from the South American country after 20 years.
Monday, December 3rd 2018 - 08:43 UTC
Strong message from Merkel to Macri: How the world sees and expects Argentina to perform

She was the last to arrive, but together with French president Emmanuel Macron one of the most popular leaders during the G20 summit in Buenos Aires. Her official aircraft had to turn back because of communications problems so German Chancellor Angela Merkel took a commercial flight from Madrid directly to Buenos Aires, a day late for the inauguration but not for the other activities including a couple of outings in the Argentine capital.
Monday, December 3rd 2018 - 07:48 UTC
President Xi on official visit to Argentina signs 30 agriculture and investment deals

China's president on Sunday signed new trade deals with Argentina as the Asian giant expands its growing role in Latin American economies. Presidents Mauricio Macri of Argentina and Xi Jinping of China announced the more than 30 agriculture and investment deals during a state visit following the Group of 20 summit of leaders in Buenos Aires.
Monday, December 3rd 2018 - 07:18 UTC
Oil prices recover following on US/China trade conflict 90-day truce

Oil prices surged in early trading on Monday after the United States and China agreed on a truce in their trade conflict and ahead of a meeting by producer club OPEC this week that is expected to result in a supply cut.
Monday, December 3rd 2018 - 07:00 UTC
UK Attorney General Statement to Parliament could trigger a “constitutional crisis”

UK faces a “constitutional crisis” if Theresa May does not publish the full legal advice on her Brexit deal on Monday, Labour has warned. The PM says the advice is confidential. But some MPs think ministers do not want to admit it says the UK could be indefinitely tied to EU customs rules.