
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.

About a hundred government supporters stormed into Venezuela's opposition-controlled National Assembly, where they beat up several lawmakers. Witnesses said the confrontation came after an assembly session to mark the country's Independence Day, Wednesday July 5th.

The head of the European Union’s executive called its parliament “totally ridiculous” during a spat over low MEP attendance. After EU Commission President Jean-Claude Juncker thanked the few dozens of the 700-plus MEPs for attending a plenary session, he insisted that “parliament is not serious” for failing to show up in large numbers for the keynote debate of the day.

The first face-to-face meeting between U.S. President Donald Trump and Russian President Vladimir Putin will take place on the sidelines of the G-20 summit in Hamburg. The Kremlin says terrorism; Syria and Ukraine will top its agenda.

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.

The emblematic Argentine navy icebreaker Almirante Irizar, responsible for the country's Antarctic effort left Buenos Aires on Tuesday for high sea trials. The Atlantic incursion was its first in ten years, since in 2007 the icebreaker suffered a major fire that almost destroyed the vessel, originally built in Finland.

Brazilian police have arrested a close ally of President Michel Temer as part of a corruption investigation into a government-controlled bank. Geddel Vieira Lima, a former cabinet minister, had been in charge of Temer's relations with Congress.

Business leaders from the City of London are to send a delegation to Brussels with a proposal for a post-Brexit free trade deal for financial services, it is reported. According to the Financial Times, the group will be led by former City minister Mark Hoban as banks fear the fallout from Brexit negotiations if access to EU markets is curtailed.

Destroyer La Argentina was damaged when it rammed its bow against a jetty at the Punta Alta naval base while attempting to make it to the high seas. She is scheduled to join an international naval exercise in the Pacific and bring several helicopters on her return trip from Peru.

Argentine president Mauricio Macri is scheduled to meet in Hamburg with British Prime Minister Theresa May to reinforce cooperation and joint efforts but with the difference resulting from the dispute over the Falklands/Malvinas Islands remaining on the table, according to government sources in Buenos Aires.