Economy

Tuesday, August 15th 2017 - 10:45 UTC
Brazil opens first corn ethanol plant; the country leads in sugarcane ethanol

Brazilian company FS Bioenergia inaugurated a corn ethanol plant, the first in the country, to produce 210 million liters year. The plant was built by a joint venture between the local agro-company Fiagril and US-based Summit Agricultural Group with investments of BRL 450 million (US$ 141.1m), said the Ministry of Agriculture, Livestock and Farming.
Tuesday, August 15th 2017 - 09:34 UTC
Temer and Meirelles discussing with congress leaders budget deficit and cabinet positions

Brazil's government delayed the announcement of looser budget targets for 2017 and 2018, previously expected for Monday, as authorities struggled to estimate revenues given strong opposition in Congress to tax hikes.
Monday, August 14th 2017 - 12:02 UTC
Brazil’s Pre-Salt Extraction Costs Fall To US$8 Per Barrel

By Haley Zaremba from Oilprice - Not too long ago Brazilian state oil company Petrobras was the most indebted oil & gas company in the world. The long-suffering company has faced dire mismanagement while being weighed down by allegations of involvement in Brazil’s widespread corruption. But that’s all changing.
Monday, August 14th 2017 - 07:13 UTC
Opportunities to strengthen the UK-Argentina relationship

By British Ambassador Mark Kent (*) A few days ago I completed my first year as British Ambassador to Argentina. During this time, I have had the fortune to meet the people of the country, visit some of its cities, try its food, attend events and learn about its way of life.
Saturday, August 12th 2017 - 12:46 UTC
July inflation in US at 0.1% and the annual rate stands at 1.7%

Prices in the United States rose by less than expected last month, as inflation in the economy remained tame. The Labor Department's Consumer Price Index (CPI) inched up 0.1% last month, only a slight improvement on a stagnant June figure. Economists polled by Reuters had expected a 0.2% month-on-month increase.
Saturday, August 12th 2017 - 10:57 UTC
British government and Scotland exchange threats over Brexit legislation

The legislation to formally remove the UK from the European Union will not be changed by Westminster, a senior member of Theresa May’s Cabinet has said despite threats from Scotland's SNP ministers to refuse consent for the Bill as it stands.
Friday, August 11th 2017 - 12:19 UTC
Ex top officer calls Brexit a “catastrophe”; proposes a new party “The Democrats” with the Remainers

UK government ministers have been put under pressure by David Davis’s former chief of staff at the Brexit department after he asked a serious of pointed question about how leaving the EU will affect their patches. James Chapman, who also worked for George Osborne and as political editor of the Daily Mail, has revealed his belief that Brexit would be a “catastrophe”.
Friday, August 11th 2017 - 11:57 UTC
Temer heckled after addressing a business conference in Rio do Janeiro

President Michel Temer, whose popularity is the lowest for a Brazilian head of state in decades and who last week was spared from standing trial on corruption charges by the vote of his allies in Congress, was booed at the conclusion of his appearance at a trade fair in Rio do Janeiro.
Friday, August 11th 2017 - 11:54 UTC
Foreign Direct Investment in Latin America drops for second year running

The flows of Foreign Direct Investment (FDI) into Latin America and the Caribbean shrank 7.9% in 2016 compared with 2015, totaling US$167.043 billion, representing a 17% decline from the peak reached in 2011, the Economic Commission for Latin America and the Caribbean (ECLAC) revealed at its headquarters in Santiago, Chile.
Friday, August 11th 2017 - 11:36 UTC
Massive 356 kilos emerald unearthed in northern Brazil

A massive 356 kilos emerald was unearthed recently by miners inside the Carnaiba Mine in Brazil. This incredible emerald specimen stands 1.3 meters tall and is valued at approximately US$ 309 million.