SAO PAULO (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Tuesday he wants the Mercosur trade bloc to advance in talks for deals with Canada, South Korea and Singapore, while aiming to increase commerce with other countries in Latin America and Asia. The leftist president’s remarks during a summit of Mercosur leaders in…
By Amy Lv and Brenda Goh BEIJING/SHANGHAI (Reuters) -Companies caught out by China’s decision to restrict exports of two metals widely used in semiconductors and electric vehicles were racing to secure supplies on Tuesday as some industry suppliers worried that curbs on rare earth exports could follow. Monday’s abrupt announcement of controls from Aug. 1…
LONDON (Reuters) – Almost one in three female workers in Britain expect to stop working before reaching their retirement age with many citing health and well-being issues including the menopause, according to a survey published on Wednesday. The British Standards Institution, which commissioned the survey, said the results showed the need for employers and the…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The most important Asian economic indicator from a pretty packed calendar on Wednesday, and biggest potential market-mover, will be China’s services purchasing managers index report for June, which comes amid the latest ratcheting up of…
BRASILIA (Reuters) -The Brazilian Senate on Tuesday approved President Luiz Inacio Lula da Silva’s first picks for the independent central bank, an institution he has clashed with since taking office in January. Former finance ministry official Gabriel Galipolo’s nomination for director of monetary policy was approved by a vote of 39 to 12 in the…
SAO PAULO (Reuters) – Chinese automaker BYD on Tuesday said it will invest 3 billion reais ($620.17 million) in a new industrial complex in northeastern Brazil, as it aims to boost local production to offer more competitive prices. The complex, made up of three plants, will be built in the Camacari industrial park in the…
(Reuters) – Twitter CEO Linda Yaccarino on Tuesday tweeted a defense of the temporary cap announced July 1 on the number of tweets users can read in a day, and the company said advertising has been stable in the days since the step that drew heavy criticism from users and marketing professionals. Yaccarino wrote in…
By Natalie Grover LONDON (Reuters) -Oil prices climbed 2% on Tuesday as markets weighed August supply cuts by top exporters Saudi Arabia and Russia against a weak global economic outlook. Saudi Arabia on Monday said it would extend its voluntary output cut of 1 million barrels per day (bpd) to August while Russia and Algeria…
DUBLIN (Reuters) – Ireland intends to increase core public expenditure by 6.1% next year in an overall budget package of 6.4 billion euros ($6.98 billion), according to its Summer Economic Statement. Two years ago, the government said it would try to anchor expenditure growth to the growth rate of the economy, at around 5% per…
By Huw Jones and David Milliken LONDON (Reuters) – British banks should have to serve a customer even if they disagree with his or her lawful political views, and should apply anti-money laundering checks proportionately, financial services minister Andrew Griffith said on Tuesday. Earlier on Tuesday Nigel Farage, the former Brexit Party leader, said British…
