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Argentina overhauls GDP data, confirming economy in recession

  Bloomberg Argentina unveiled the results of revised growth numbers for the past decade as the government of President Mauricio Macri seeks to restore investor confidence undermined by the previous administration. The data confirmed that the new president inherited an economy in recession. Gross domestic product shrank 0.7 percent in the first quarter from the last three months of 2015, ...

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California sending more gas to Mexico as it warns of shortages

  Bloomberg California is warning of natural gas shortages and potential blackouts this summer after a historic leak near Los Angeles. Meanwhile, it’s sending increasing volumes of the power-plant fuel to Mexico. Deliveries to the North Baja pipeline system in Mexico from California jumped 45 percent to 441 million cubic feet compared with two weeks ago, according to data compiled ...

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Sugar costs most since 2012 as Brazil rain makes shortage worse

  Bloomberg The world is running short on sugar and the tighter supplies are driving prices to the highest in almost four years. Supplies from Brazil’s Center-South, the country’s top growing region, probably fell 26 percent in the first half of June from a year earlier after rains hindered harvesting, a Bloomberg survey showed. Industry group Unica is set to ...

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