Financial and political turmoil that have Brazil on the brink of a depression is also contributing to one of the best years ever for domestic farmers. Economic stress and a weak currency has facilitated export revenue for everything from soybeans to beef to coffee.
Analysts expect Brazil's economy to contract by 3.62% this year, with inflation hitting 10.61%, the Central Bank said Monday. GDP and inflation estimates come from the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.
Argentina's business friendly president Mauricio Macri, announced on Monday large tax cuts on agricultural exports and emphasizing that the camp was essential to get Argentina back on its feet. Macri, who took office Thursday, had promised to slash the steep taxes on agricultural exports, which triggered major protests by producers against former president Cristina Fernandez administration.
A construction firm from Grimsby, Fast-Form Systems has won a £200,000 contract with the British Ministry of Defense to support the construction of soldiers' accommodation blocks in the Falkland Islands.
Exports from Latin America and the Caribbean will drop about 14% in 2015 due to a steep decline in prices and weak demand for the region’s main exports from key trading partners, according to a new report from the Inter-American Development Bank (IDB).
International ratings agency Moody’s Investors Service has moved Cuba’s economic from stable to positive, citing its lessening dependence on Venezuela and the possibility of more improved relations with the United States.
FIFA has signed its first sponsorship deal since the corruption scandal engulfed world football's governing body. The eight-year agreement with Chinese company Alibaba Group, the world’s largest online and mobile commerce company, is for the Club World Cup spanning 2015 through 2022.
At least 43 officers were killed and nine others injured when a National Gendarmerie bus went off a bridge Monday in Salta, a province in northwestern Argentina, officials said. The bus was carrying about 60 officers when it went off the bridge and plunged into the Seco River.
Spanish Prime Minister Mariano Rajoy was accused of being unfit to govern by his socialist challenger Pedro Sanchez on Monday night in an unusually ferocious election debate held before this week's general election. Sanchez performance makes him a first line contender for highest office in Spain, even if Rajoy's party as forecasted wins the election
The latest surveys on the Spanish legislative elections to be held next Sunday, predict a victory for the ruling center-right People's Party, or PP, but without an absolute majority, so the party will have to form a coalition to establish a government.