Emerging Markets
Official Data PartnerLula says Mercosur eyeing fresh trade deals, increased regional commerce
World ·July 4, 2023 · 3:30 PM UTC · agoBrazilian President Luiz Inacio Lula da Silva said on Tuesday he wants the Mercosur bloc to advance in talks for trade deals with Canada, South Korea and Singapore, while also aiming to increase commerce with other countries in South America.
- WorldBrazil central bank board nominees defend government's economic policies
President Luiz Inacio Lula da Silva's first picks for key positions in Brazil's central bank, Gabriel Galipolo and Ailton de Aquino, defended the government's actions and their positive impact on forecasts and market prices during a Senate hearing on Tuesday.
- BusinessEgypt starts $1.8 billion gas exploration wells programme -minister
Egypt has begun a $1.8 billion programme to drill natural gas exploration wells in the Mediterranean Sea and Nile Delta, petroleum minister Tarek El Molla told UAE state news agency WAM on Tuesday.
- DealsIndia's Samvardhana Motherson to buy majority stake in Honda's unit
Indian auto parts maker Samvardhana Motherson International (SMIL) said on Tuesday it will buy a majority stake in Japan-based auto-part maker Yachiyo Industry's four-wheeler business from Honda Motor Co to expand its product range.
- BusinessIsrael to build subsea electric cable with possible Europe link
Israel on Tuesday unveiled plans to build an underwater electric cable that will run along its Mediterranean coast and offer the possibility to connect to electricity grids in Europe.
- TechnologyIndia's Epsilon Advanced Materials expects US plant to start by 2026
Epsilon Advanced Materials, an Indian battery materials company, expects to start commercial production at its first U.S. facility by 2026, a top company official said.
