Economy

• Sunday, March 1st 2020 - 13:19 UTC

  Hyundai closes a factory in South Korea because of coronavirus

  

  Hyundai Motor shut down a factory in South Korea on Friday after a worker tested positive for the new coronavirus, disrupting production of popular models such as Palisade sport utility vehicle.

• Saturday, February 29th 2020 - 07:49 UTC

  Brazil's beef industry hit by drop in Chinese demand; cattle price down 10% in January

  

  China’s beef imports will fall in the first half of 2020 due to fallout from the coronavirus outbreak, which is complicating the circulation of people and trade globally, Rabobank said in a report released on Thursday.

• Saturday, February 29th 2020 - 07:44 UTC

  Merrill Lynch and JP Morgan cut Brazil's 2020 economic growth to below 2%

  

  Bank of America Merrill Lynch cut its 2020 Brazilian economic growth outlook to under 2.0%, while JP Morgan reduced its outlook for Latin America’s largest economy even further below the threshold that many observers say is highly sensitive for President Jair Bolsonaro’s administration.

• Saturday, February 29th 2020 - 07:40 UTC

  Falklands' government and fishing companies agree accord to underpin future of the industry

  

  The Falkland Islands Government (FIG) and the Falkland Islands Fishing Companies Association (FIFCA) have agreed an Accord to underpin the future of the industry. The Accord acknowledges that the Falkland Islands has a strong commitment to quality, sustainability and the environment.

• Saturday, February 29th 2020 - 05:49 UTC

  Argentina planning a ferry linking Santa Cruz province with Tierra del Fuego

  

  Argentina is considering establishing a direct connection between the Patagonian provinces of Santa Cruz and Tierra del Fuego, thus avoiding the need to cross Chilean territory, as happens currently.

• Friday, February 28th 2020 - 07:55 UTC

  IMF mission arrives in Buenos Aires next Monday to continue negotiations

  

  The International Monetary Fund will send another mission to Argentina to continue debt strategy talks and discuss “next steps,” IMF spokesman Gerry Rice said on Thursday, as the country seeks to renegotiate its US$ 57 billion financing package.

• Friday, February 28th 2020 - 06:02 UTC

  Argentine Patagonia lamb and mutton admitted into the Chinese market

  

  China approved the necessary sanitary protocols and authorized the sale of lamb, mutton and sub-products from sheep bred in Argentine Patagonia, according to Argentina's Agriculture ministry.

• Thursday, February 27th 2020 - 09:20 UTC

  Argentine president Fernandez announces meeting with his Uruguayan peer Lacalle Pou

  

  Argentine president Alberto Fernandez held a very positive phone conversation on Wednesday with Uruguayan president-elect Luis Lacalle Pou during which they analyzed the bilateral relation and the regional integration agenda.

• Thursday, February 27th 2020 - 08:49 UTC

  Brazilian markets reopen to a shock and the Real weakens to a new low

  

  Brazil's Real touched a record low on Wednesday as traders returned from the Carnival holiday only to be alarmed by concerns about the spread of the new coronavirus after Sao Paulo confirmed its first case. The Real weakened 1.1% to 4.4470 against the dollar, as it led declines among other Latin American currencies.

• Thursday, February 27th 2020 - 08:15 UTC

  The Challenges of Argentina’s Debt Renegotiation

  

  By Jose Antonio Ocampo (*) – By affirming that Argentina's public-sector debt is unsustainable, the International Monetary Fund has taken a critical step toward resolving the country's long-running crisis. Moving forward, one hopes that the Fund will realize its own role in the latest crisis and follow its own advice on when to pursue capital-market liberalization.