Economy

• Thursday, January 14th 2021 - 08:35 UTC

  Bolsonaro accuses Ford of closing its plants because “they want subsidies”

  

  Brazil’s President Jair Bolsonaro attributed Ford Motor Co.’s decision to close its three plants in Brazil to the end of multibillion-dollar subsidies from the government.

• Wednesday, January 13th 2021 - 09:14 UTC

  Brazilian interest rates in the next 24 months expected to rise steadily

  

  The outlook for Brazilian interest rates over the next two years rose to their highest in several months, a central bank survey of economists showed on Monday, even as exchange rate and inflation expectations held steady.

• Wednesday, January 13th 2021 - 09:11 UTC

  Brazilian 2020 inflation 4,5%, but food prices skyrocketed 14,1%

  

  Inflation in Brazil ended 2020 at 4,5% the stats agency IBGE revealed on Tuesday, above the central bank's target, with food prices rising, 14,1%, the most in two decades.

• Wednesday, January 13th 2021 - 09:10 UTC

  Strong rebound of Peruvian economy in the next five years

  

  The economy of Peru, the world’s second largest copper producer, is expected to grow an annual average of 5.1% between 2021 and 2026, the economy ministry said on Tuesday

• Wednesday, January 13th 2021 - 09:08 UTC

  Brexit fallout: Ireland expects to receive Euros 1,05bn from EU

  

  Ireland is set to receive 1.05 billion Euros (US$ 1.28 billion) this year from a European Union fund for countries worst affected by Britain's exit from the European Union, Irish Foreign Minister Simon Coveney said on Tuesday.

• 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.

• 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.

• 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.

• 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.

• 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.