Economy

Tuesday, February 9th 2021 - 08:43 UTC
Argentine oilseed crushers say they reached a deal to hold down domestic edible oil prices

Despite confusing news from Argentina following president Alberto Fernandez's announcement that he is prepared to reimpose levies on grains and oilseeds exports if food prices keep increasing, oilseed crushers said they had reached a deal with the government to hold down domestic edible oil prices.
Tuesday, February 9th 2021 - 08:37 UTC
Biden administration aims to closer economic and trade ties with Brazil

The president Joe Biden administration aims to keep strengthening US economic ties and trade with Brazil, White House press secretary Jen Psaki said on Monday during the daily meeting with the media.
Monday, February 8th 2021 - 10:30 UTC
France want “environmental and health standards” guarantees from Mercosur to sign the trade accord

Mercosur/European Union trade agreement signing delayed because of a demand from France for guarantees referred to as “environmental and health standards” from country members of the South American block.
Monday, February 8th 2021 - 10:14 UTC
Brazil's OECD membership blocked by Bolsonaro's environmental policies

OECD’s environmental policy committee canceled a planned discussion this week about upgrading Brazil’s status in the group, the Folha de Sao Paulo newspaper reported, citing a document.
Monday, February 8th 2021 - 08:49 UTC
US workers families earning US$ 60,000 per year should receive stimulus checks, Treasury Secretary Yellen

US workers earning US$ 60,000 per year should receive stimulus checks, said Treasury Secretary Janet Yellen said on Sunday. “The exact details of how it should be targeted are to be determined, but struggling middle class families need help,” Yellen said on CNN’s “State of the Union.”
Saturday, February 6th 2021 - 08:47 UTC
IMF chief Georgieva tells Argentina, “it takes two to tango”

The chief of the International Monetary Fund (IMF), Kristalina Georgieva said on Friday that the fund is working towards reaching an agreement on a new loan deal with Argentina and the next round of meetings will focus on the details. However, “'it takes two to tango' so both sides need to do our part and find the pathway to an agreement, and we are not yet at that point.”
Saturday, February 6th 2021 - 08:38 UTC
Latin America's second economy grew 12% in third quarter but still 8,6%, below year to year

Mexico’s economy contracted 8.5% in 2020, the largest single-year drop since 1932 and the second consecutive year of economic contraction, worsened due to the Covid-19’s pandemic. Latin America's second economy, the gross domestic product grew 3.1% in the final three months of the year, according to preliminary data released on Friday by the National Statistics and Geography Institute.
Saturday, February 6th 2021 - 07:15 UTC
Falklands' GDP in 2018 reached £254.7 million with a real growth rate of 3,9%

The Gross Domestic Product (GDP) of the Falkland Islands increased by 15.7% between 2017 and 2018 (in nominal terms), primarily driven by high results within the fishing sector that year, according to the recently released Falkland Islands National Accounts.
Friday, February 5th 2021 - 18:33 UTC
FAO's food prices index at its highest level since July 2014

Global food prices rose in January for the eighth consecutive month, led by cereals, vegetable oils and sugar, according to the Food and Agriculture Organization of the United Nations (FAO).
Friday, February 5th 2021 - 18:26 UTC
Brazil anticipates bumper soybean and corn crops despite late drought

Brazil expects to harvest bumper soybean and corn crops in spite of planting and harvesting delays in 2020. A drought late last year delayed sowing of Brazil’s soybeans, and excess rainfall disrupted harvesting in January. This delayed delivery of grain to trading companies and affected Brazil’s ability to export.