Stories for August 13th 2019

Tuesday, August 13th 2019 - 21:13 UTC
Feeble domestic demand linked to Brazilian economy's performance on the verge of recession

Brazil likely fell into recession in the second quarter according to a key gauge of economic activity that comes as policymakers grapple with high unemployment and weak investments as well as a global slowdown.
Tuesday, August 13th 2019 - 09:51 UTC
Macri vows to win a second term in October despite Sunday's trouncing

Argentina's president Mauricio Macri vowed on Monday to win a second term despite a surprisingly strong performance by the opposition in the primary election that set off a shockwave through markets, crashing the peso currency and sending stocks and bonds tumbling.
Tuesday, August 13th 2019 - 07:46 UTC
Chile considering expansive fiscal policy to stimulate growth

Chile plans to roll out a more expansive fiscal policy and additional measures to stimulate economic growth to counter impacts from the U.S.-China trade war, the finance minister said in a newspaper interview published on Sunday.
Tuesday, August 13th 2019 - 07:34 UTC
Venezuela considers holding 2020 congressional elections earlier, to reclaim control of the National Assembly

Venezuela's pro-government legislature on Monday agreed to create a commission to evaluate holding 2020 legislative elections early, which would create an opportunity for the government to reclaim control of the opposition-dominated congress.
Tuesday, August 13th 2019 - 07:26 UTC
Trump latest: “wealth test” rule for immigrants could deny visas and residency to thousands of poor applicants

U.S. President Donald Trump’s administration unveiled a sweeping rule on Monday that some experts say could cut legal immigration in half by denying visas and permanent residency to hundreds of thousands of people for being too poor.
Tuesday, August 13th 2019 - 07:16 UTC
Brazil does not need German funds to sustain Amazon forests, claims Bolsonaro

Brazilian President Jair Bolsonaro dismissed the importance of Germany's funding of sustainability projects in the country's forests, as the European nation weighed withdrawing from the region.
Tuesday, August 13th 2019 - 07:11 UTC
China anticipates less corn imports because of outbreaks of African swine fever

China's agriculture ministry said it was lowering its forecast for corn consumption in the 2019/20 crop year amid outbreaks of African swine fever across the country.
Tuesday, August 13th 2019 - 06:38 UTC
Bolsonaro warns of Argentine exodus into Brazil if the “leftist scoundrel” Cristina Fernandez returns to office

Conservative president Jair Bolsonaro warned on Monday that Brazil could see a wave of migrants fleeing Argentina if a presidential election in that country returns leftist politicians to power, after their strong showing in a Sunday primary vote.
Tuesday, August 13th 2019 - 06:30 UTC
US/China trade war and the Argentine situation impacts on Brazil's central bank policy of lower interest rates

Brazil’s central bank will have to weigh potential price pressures from the U.S.-China trade war against prospects of a disappointing recovery when determining how long its easing cycle will last.