Economy

• Monday, February 24th 2020 - 06:33 UTC

  Petrobras record profit for 2019, basically on divesting and asset sales

  

  Brazil’s state-run oil firm Petrobras reported last week a record net profit for 2019, thanks to asset sales under its strategy to divest non-core operations and focus on the deepwater pre-salt region offshore Brazil.

• Monday, February 24th 2020 - 06:30 UTC

  US Treasury Secretary welcomes Argentina's talks with IMF on Article IV

  

  U.S. Treasury Secretary Steven Mnuchin on Sunday welcomed Argentina's talks with the International Monetary Fund after the heavily indebted country said it would launch consultations, starting Monday, that could lead to a new funding program.

• Monday, February 24th 2020 - 06:25 UTC

  Argentine beef exports to China fall almost a third in January plus price disputes

  

  Argentine beef exports to its top buyer China fell almost a third in January due to a price dispute with Chinese importers and the effects of a coronavirus outbreak, the head of the country's meat export chamber revealed.

• Monday, February 24th 2020 - 06:06 UTC

  The cruise industry is resilient, but it has cancelled trips and rerouted trips

  

  Coronavirus concerns have pushed the US$ 45 billion cruise line industry to cancel trips and reroute ships as it struggles to contain the impact from fearful travellers. But experts say the industry will bounce back after the outbreak is contained.

• Sunday, February 23rd 2020 - 05:29 UTC

  Argentina manages a US$ 1.02bn trade surplus in January

  

  Argentina's economic activity expanded in December as retail sales and manufacturing advanced, while the country posted a trade surplus in January that almost tripled the surplus the same month a year earlier.

• Saturday, February 22nd 2020 - 10:15 UTC

  Could China end going to the rescue of crisis-prone Argentina?

  

  Argentina is thought to be on the brink of falling into its ninth sovereign default, prompting some analysts to speculate whether the crisis-prone South American country might be tempted to accept funding from China.

• Saturday, February 22nd 2020 - 10:08 UTC

  Argentina economy shrinks two years running, 2.1% in 2019 after 2.5% in 2018

  

  Recession-hit Argentina's economy shrank by 2.1% in 2019, the state statistics institute said on Friday. The institute said the economy contracted by 0.3% in December compared to the same period in 2018.

• Saturday, February 22nd 2020 - 10:02 UTC

  Bolsonaro wants electric carmaker Telsa to open a factory in Brazil

  

  President Jair Bolsonaro said on Friday he would try to convince electric carmaker Tesla to open a factory in Brazil when he heads to the United States next month. Bolsonaro, who will visit Miami and Dallas on March 9 and 10, said on Twitter that “our extensive agenda will include the possibility of bringing Tesla to Brazil.”

• Saturday, February 22nd 2020 - 09:24 UTC

  Intense rains in Brazil limiting soybean harvest and delaying exports

  

  Intense rains in parts of Brazil have limited the advance of the soybean harvest over the past few days while also delaying exports of the oilseed, agribusiness consultancy Arc Mercosul said on Friday.

• Friday, February 21st 2020 - 08:33 UTC

  US government expects China to honor its commitment to buy more US goods despite COVID-19

  

  The US government expects China to honor its commitments to buy more US goods under a trade deal signed by the world's two largest economies in January despite the fast-spreading coronavirus outbreak, a senior US official said on Thursday.