Economy

• Saturday, July 8th 2017 - 10:12 UTC

  Canning House to host round table with UK ambassadors from Southern Cone

  

  British Ambassadors to the Southern Cone countries, Argentina, Brazil, Uruguay and Chile will be attending Canning House to give round-table briefings on their experiences since their recent appointments to their respective posts. They will present the latest political, economic and business updates from those countries and answer any questions during the closed round-table session.

• Saturday, July 8th 2017 - 09:54 UTC

  U.S. adds 220.000 jobs in June; unemployment slightly up as more people returns to the jobs market

  

  U.S. employers added 222,000 jobs in June, the most in four months, a reassuring sign that businesses may be confident enough to keep hiring despite a slow-growing economy. The government also revised up its estimate of job growth for April and May by a combined 47,000.

• Saturday, July 8th 2017 - 07:44 UTC

  Trump and Putin hold “robust” two-and-a-quarter hours discussions and shake hands

  

  Donald Trump and Vladimir Putin discussed on Friday the alleged Russian hacking of last year's US presidential election during their first meeting. US Secretary of State Rex Tillerson described the exchanges as “robust”, and Russian Foreign Minister Sergei Lavrov said Mr Trump had accepted Putin's assertions that his country was not responsible.

• Friday, July 7th 2017 - 07:01 UTC

  Temer's defense and allies working for a quick end to political uncertainty

  

  Embattled Brazilian President Michel Temer quickly presented his legal defense against corruption allegations to lawmakers, a move seen as a bid to reduce the likelihood of being suspended from office and tried at the Supreme Court. Temer's lawyer submitted the defense on the second day of Chamber of Deputies commission proceedings to consider the matter, eight days ahead of deadline.

• Friday, July 7th 2017 - 06:43 UTC

  CBI calls for UK to remain in the single market and customs union until the final Brexit deal

  

  The UK should stay in the single market and customs union until a final Brexit deal is in force, according to the CBI. Carolyn Fairbairn, head of the business lobby group, said it was “impossible” that all the details of a new trade deal with the European Union would be in place by March 2019. That is when talks about the UK's withdrawal are due to formally finish.

• Thursday, July 6th 2017 - 19:16 UTC

  Chinese company will exploit energy resources in Brazil

  

  Petrobras announced that it signed a memorandum of understanding with the China National Petroleum Corporation (CNPC) to exploit energy resources in Brazil and abroad. In the statement, Petrobras said that the deal will allow the two state oil companies to benefit from each other's capacity and experience in oil and gas production.

• Thursday, July 6th 2017 - 10:17 UTC

  Soybeans and corn record crops challenge Brazil's storage capacity

  

  Brazilian farmers are discovering a serious obstacle to becoming one of the world’s top producers of soybeans: they’re running out of room to store all the unsold supply. The biggest harvest in the country’s history is poised to leave domestic inventories at a record, data from the processors’ group Abiove show.

• Thursday, July 6th 2017 - 06:57 UTC

  Brazilian plan to review purchase of Bolivian natural gas

  

  Petrobras should cut the maximum amount of natural gas it buys from neighboring Bolivia in half in an effort to encourage domestic importers and distributors to enter the market, according to a Brazilian government study.

• Thursday, July 6th 2017 - 06:42 UTC

  Petrobras awards pipeline inspection services contract to Fugro and its new vessel

  

  Netherlands Fugro has been awarded a further two-year contract by Petrobras to provide comprehensive inspection, repair and maintenance (IRM) and pipeline inspection services in Brazil.

• Wednesday, July 5th 2017 - 20:52 UTC

  Brazilian industrial output grows for a second month during May

  

  Industrial output in Brazil rose for a second straight month in May, government data showed on Tuesday, underpinning hopes that the economy will not fall back into recession despite an escalating political crisis.