International News

  Bloomberg Crude prices around $50 a barrel are enough for Venezuela’s state oil producer to avoid a default on its debt, company president and national oil minister Eulogio Del Pino said in an interview. “$50 is enough,” he said on Bloomberg Television. The company’s average production cost is around $12 a barrel, he said. Petroleos de Venezuela SA will ...

  Bloomberg Oil gained for a second day above $48 a barrel as the dollar retreated, boosting the appeal of commodities priced in the U.S. currency. Futures rose as much as 1.3 percent in New York after climbing 3.8 percent. The Bloomberg Dollar Spot Index fell for a fourth day after closing at the lowest since June 9. Russian President ...

  Bloomberg The Colombian peso led losses among emerging-market currencies amid concern the U.K. will vote to leave the European Union and after the Latin American nation increased its fiscal deficit target. The currency pared its drop as bets on a so-called Brexit decreased. The peso retreated 1.3 percent to 3,015.95 per dollar in Bogota, after slumping as much as ...

  Bloomberg The campaign to keep the U.K. in the European Union led in the first opinion poll fully conducted since Thursday’s slaying of politician Jo Cox as the debate resumed five days before the referendum. Staying in the bloc won 45 percent support in the Survation telephone poll of 1,001 adults on Friday and Saturday for the Mail on ...

  Paris, France / AFP French Economy Minister Emmanuel Macron said the EU should act quickly and firmly if Britain votes next week to leave the European Union. Britain’s EU referendum will be held on Thursday, with an EU summit set for a few days later on June 28 at which Macron said EU leaders should take a firm stand with ...

  Bloomberg Fiat Chrysler CEO Sergio Marchionne is considering adding full electric vehicles to the carmaker’s line-up including the Maserati Alfieri sportscar and a small city car. “I’ve always thought the economic model that supports Tesla is something that Fiat Chrysler could replicate as we have the brand and the vehicles to do it,” Marchionne told Bloomberg Television in Venice. ...

  Paris, France / AFP Three mega-mergers in the agrochemical sector, including Bayer and Monsanto, have raised concerns among farmers who fear higher prices and consumers for more genetically-modified food. Even before Bayer successfully woos US-based Monsanto, German civil society has erupted in protest against a national champion acquiring a producer of genetically-modified seeds and Roundup, the world’s leading but also ...

  AFP President Barack Obama and the first family celebrated America’s cherished natural heritage Saturday during a weekend tour marking the 100th anniversary of the nation’s vaunted national park system. Obama, also using the occasion to tout his environmental record, is the first sitting president since John F. Kennedy in 1962 to visit California’s Yosemite National Park. Obama has made ...

  Bloomberg Brazil’s federal government has agreed to provide emergency funding to Rio de Janeiro state after the host of this year’s summer Olympics declared an emergency as it runs short of cash weeks before the start of the games, O Globo reported. Acting President Michel Temer’s administration will ask Congress to authorize a one-time payment of 2.9 billion reais ...

  Bloomberg Canadian Solar Inc., the world’s second-largest solar manufacturer, is building its first plant in Brazil. The facility in Sorocaba, in the state of Sao Paulo, will be able to assemble about 350 megawatts of panels a year, according to Wladimir Janousek, general manager of the company’s Brazil unit. The Guelph, Canada-based solar company is expected to announce that ...