Economy

Tuesday, June 9th 2020 - 07:40 UTC
Argentina's Vicentin soy giant claims government never informed it of taking over the group

Late Monday the Vicentin soy crushing giant group, which Argentine president Alberto Fernandez had previously announced it would take over to ensure jobs and food sovereignty, made public a release denying any job losses and revealing it was in talks with interested parties to overcome the current under administration situation.
Tuesday, June 9th 2020 - 07:25 UTC
Argentina will take over soy-crushing giant, currently under administration

Argentine President Alberto Fernandez announced Monday evening a plan to seize crop trader Vicentin SAIC in a move that is anticipated will ring alarm bells in soy markets, among investors in the country and even the current foreign debt negotiations.
Tuesday, June 9th 2020 - 07:19 UTC
World Bank loans Mexico one billion dollars to cope with coronavirus effects

Mexico has taken out a one billion US dollars loan from the World Bank as the effects of the coronavirus begin to squeeze the economy, a business newspaper reported on Sunday.
Monday, June 8th 2020 - 11:09 UTC
La Liga on Thursday with virtualized fans and audio for the international market

La Liga will use virtual images of stands in television broadcasts with added 'fan audio', produced by the makers of the FIFA video game when it returns to action on Thursday
Monday, June 8th 2020 - 10:59 UTC
Infantino preparing FIFA for the new normality

FIFA president Gianni Infantino called for discussions over proposals to introduce salary and transfer fee caps to football in the wake of the coronavirus pandemic. World football's governing body intends to finalize plans in the coming weeks for a financial relief package following the economic damage caused to the sport by the global health crisis.
Sunday, June 7th 2020 - 10:16 UTC
Brazil: producers of hydrated ethanol fuel can sell directly to gas station owners

Brazil’s CNPE national energy council approved a resolution that establishes rules allowing producers of hydrated ethanol fuel to sell directly to gas station owners, according to a statement. Oil regulator ANP will now be able to take steps to put the new rules into practice, the statement said.
Sunday, June 7th 2020 - 09:18 UTC
Brazilian Real rebounding strongly after months of erosion; central bank forecasted to further cut Selic rate

The Brazilian Real and Mexican peso have both rebounded strongly in recent weeks, but their rallies are starting to diverge with the peso running out of steam and the Real gaining momentum.
Saturday, June 6th 2020 - 13:55 UTC
US jobless rate falls to 13,3% in May, triggering optimism that the worst of the pandemic is easing

The U.S. economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn triggered by the COVID-19 pandemic was probably over, though the road to recovery could be long.
Saturday, June 6th 2020 - 13:47 UTC
Europe could be free-travel zone again by July

European Union Home Affairs Commissioner Ylva Johansson announced that EU free-travel zone could be up and running again before the end of June.
Saturday, June 6th 2020 - 13:18 UTC
With economic activity plunging in Chile, consumer prices fell 0.1% during May

Chilean consumer prices fell 0.1% in May, the government’s statistics agency INE said on Friday, as costs of many goods and services stagnated amid the growing coronavirus outbreak in the country.