Economy

Tuesday, September 22nd 2020 - 08:57 UTC
EU conditions ratification of trade deal with Mercosur: France and Germany lead objections

The European Union expects a clear commitment from Mercosur countries, particularly Brazil, that it will respect the sustainability issues included in the EU/Mercosur trade agreement, before any deal is ratified.
Tuesday, September 22nd 2020 - 08:31 UTC
Mexican court unfreezes bank account of company blacklisted by US for trading with Venezuela

Mexican court has unfrozen the bank accounts of a local company blacklisted by the United States for trading in oil with Venezuelan state oil firm PDVSA despite US sanctions, Mexico's anti-money laundering unit said.
Tuesday, September 22nd 2020 - 08:30 UTC
Trump admits he was prepared to adjust the dollar exchange rate to combat China's Yuan

U.S. President Donald Trump on Monday revealed he was rebuffed when he asked officials to adjust the exchange rate of the dollar to counteract what he described as repeated currency manipulation by China of its Yuan.
Saturday, September 19th 2020 - 09:50 UTC
Argos Resources plans to request extension of North Falkland Basin license

Falkland Islands' based Argos Resources Ltd said on Friday its interim loss widened on foreign exchange movements, but it has enough cash to continue for another year as some costs have been delayed.
Saturday, September 19th 2020 - 09:18 UTC
Egypt becomes one of the main suppliers of garlic to the Brazilian market

Egypt has become one of the main suppliers of garlic to Brazil, with data this year showing that in the first eight months the product sales have already exceeded US$ 5 million, according to SECEX, Brazil's foreign trade secretariat.
Friday, September 18th 2020 - 08:55 UTC
Falklands new port: contractors unveil details of the major infrastructure project

The planned new port for the Falkland Islands to be constructed at Stanley Harbor was analyzed during a presentation this week to members of the public in the Town Hall, by a team from BAM Nuttall and Royal Haskoning, the companies responsible for the planning and construction of the project.
Friday, September 18th 2020 - 08:55 UTC
World Bank chief economist estimates five years for economic recovery from the pandemic

The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank's chief economist Carmen Reinhart said on Thursday.
Friday, September 18th 2020 - 08:32 UTC
UN food chief calls on billionaires to save 30 million people at risk of dying

United Nations food chief David Beasley called on the world's billionaires on Thursday to step up to help save about 30 million people he said are at risk of dying if they don't receive help from the World Food Programme.
Thursday, September 17th 2020 - 09:30 UTC
Argentina tightens currency controls, helping the US dollar climb to a new record

Argentina's peso currency plunged further into record low territory after the central bank tightened currency controls. The peso opened almost 0.1% weaker at 75.25 per U.S. dollar, traders said, and the country risk rose 38 basis points to 1,157. The black market peso or blue dollar plummeted 9.7% to open at a new all-time low 145 per U.S. dollar.
Thursday, September 17th 2020 - 09:29 UTC
Brazil keeps key interest rate at record low 2%; anticipates “forward guidance” instead of further cuts

Brazil’s central bank kept its key interest rate at a record-low 2.00% on Wednesday, pledging to stimulate the coronavirus-hit economy with “forward guidance” rather than more rate cuts because of the risk to financial market stability that they could pose.