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Argentine president-elect Javier Milei addresses supporters after winning Argentina's runoff presidential election, in Buenos Aires, Argentina November 19, 2023. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsBRASILIA, Dec 2 (Reuters) - The European Union and Mercosur will not be able to close their free trade negotiations next week because Argentina's incoming government has to approve the outstanding issues, Brazilian officials and diplomats said on Saturday."Given the transition in Argentina, we are handing the subject to the new government, which has indicated they want a deal," the Brazilian foreign ministry spokesman said.A European...

European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo Acquire Licensing RightsMADRID/BRASILIA, Oct 20 (Reuters) - Argentina and Brazil are requesting 12.5 billion euros ($13.2 billion) in financial aid from the European Union in talks to conclude a trade agreement with South America's Mercosur bloc, according to a document seen by Reuters.Three EU and South American diplomats confirmed the Argentine request, which is backed by Brazil, in the rotating presidency of the four-nation Mercosur.Argentina and Brazil have also pushed to exclude...

Delegates walk past the logos of the BRICS summit during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. GIANLUIGI GUERCIA/Pool via REUTERS Acquire Licensing RightsJOHANNESBURG, Aug 23 (Reuters) - Brazil's President called on Wednesday for the BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their vulnerability to dollar exchange rate fluctuations.Luiz Inacio Lula da Silva made the proposal at a BRICS summit in Johannesburg.Officials and economists have pointed out the...

ORLANDO, Florida, July 16 (Reuters) - Hedge funds have been positioned for a weaker dollar all year and those bets are paying off handsomely, especially against the Mexican peso, Brazilian real and sterling.The latest Commodity Futures Trading Commission data for the week to July 11 show speculators' held their largest net long sterling position since 2007, and their biggest bullish bet on the Mexican peso and Brazilian real in three years.Overall, funds' net short dollar position against a range of currencies was worth some $13.17 billion, down slightly from $13.58...