Economy

Tuesday, January 12th 2021 - 08:56 UTC
Ford after a century in Brazil, closes its three factories with a loss of 5,000 jobs

Carmaker Ford said on Monday losses exacerbated by the coronavirus epidemic and fiscal uncertainties would see it close its three factories in Brazil, where it has operated for a century, terminating some 5,000 jobs.
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Monday, January 11th 2021 - 09:54 UTC
Portugal wants quick ratification of EU/Mercosur deal, but there are many objections

Portugal which last week took the rotating presidency of the European Union for six months as of January 1st, said that it will try to conclude the bloc’s free trade agreement with Mercosur, agreed in 2019 after two decades of negotiations that have not yet been finalized.
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Monday, January 11th 2021 - 09:42 UTC
Argentina lifts ban on corn exports to a daily cap of 30.000 tons

Argentina has lifted a suspension on corn exports announced in December and will opt instead for a temporary 30,000 tons daily cap on sales abroad, its agriculture ministry said on Monday, backing off the more restrictive measure that had infuriated farmers in the South American grains powerhouse.
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Monday, January 11th 2021 - 09:40 UTC
US assesses potential losses in agricultural exports to EU if the Mercosur deal is finally ratifies

Analysis by the United States Department of Agriculture’s Foreign Agricultural Service (FAS / USDA) point out that the country has US$ 4 billion in agricultural exports that may be affected to some extent by the trade agreement between the European Union and Mercosur. The agreement has yet to be ratified by national parliaments.
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Monday, January 11th 2021 - 09:29 UTC
Growing controversy between US and trade partners over digital service taxes

United States has decided to suspend proposed tariffs on about 1.3 billion US dollars worth of French products amid a dispute over digital service taxes (DSTs), the US Trade Representative's (USTR's) Office said.
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Monday, January 11th 2021 - 08:34 UTC
China/Brazil sea freight prices soar, almost five times higher than six months ago

Sea freight on the China-Brazil route has soared and reached an unprecedented US$ 10,000 per TEU, according to importers and shipping companies operating in the port of Santos.
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Saturday, January 9th 2021 - 09:59 UTC
Argentine economy forecasted to expand 5,5% this year, but inflation will remain close to 50%

Argentina's economy is expected to grow 5,5% in 2021, after a contraction of about 12% last year due to the COVID-19 pandemic, with inflation seen ending the year at 49.8%, according to a survey of economists by the central bank released on Friday.
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Saturday, January 9th 2021 - 09:49 UTC
Brazil industrial production rose for seventh consecutive months in November

Brazil's industrial production rose for the seventh consecutive month in November, boosted by the output of motor vehicles and clothing. Production rose a seasonally adjusted 1.2% in November and increased 2.8% from the same month a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE, said on Friday.
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Friday, January 8th 2021 - 09:50 UTC
Falkland Islands admits disappointment and frustration with Brexit deal

Falkland Islands European Union exports are now subject to tariffs due to the UK not obtaining an agreement on behalf of the Falklands in relation to Brexit. On Wednesday, Legislative Assembly members released an opinion piece that expressed disappointment and frustration.
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Thursday, January 7th 2021 - 09:55 UTC
Credit Suisse cuts relations with wealthy Venezuelan families

Fearing of doing business with politically-exposed clients in a sanctions-hit country, Credit Suisse Group AG has cut relationships with a number of Venezuela’s wealthy.