The World Health Organization (WHO) said on Thursday it was declaring the coronavirus outbreak that has killed 200 people in China a global emergency, as cases spread to at least 18 countries.
Mexico’s economy contracted last year for the first time in a decade, data showed on Thursday, as businesses curbed investment due to concern over the economic management of President Andres Manuel Lopez Obrador, and forecasts for 2020 are also weak.
Brazil’s currency the Real hit a two-month low against the dollar on Thursday, slumping to within sight of its record low under a wave of global risk aversion on fears over the coronavirus outbreak and its diminishing yield appeal.
Brazil’s largest meatpackers JBS SA and BRF SA said that the coronavirus outbreak could help boost Chinese demand for their products, as it fans concerns about domestic food safety in China. However some also believe sales could be held back by aggressive demands for discounts from Chinese buyers.
A Mandarin speaking trade specialist has been appointed by the Brazilian Agriculture ministry to boost exports to China, the world’s largest commodities market. Larissa Wachholz, 36, who holds a masters degree from the Renmin University of China, was tapped in December by the Brazilian agriculture ministry to lead a trade unit dedicated to the Asian country, the first of its kind in Brazil.
Brazilian President Jair Bolsonaro visited the Surgery wing of the Armed Forces hospital in Brasilia on Thursday night, leaving without speaking to reporters, with a source familiar with the matter saying the president had felt discomfort in his abdomen.