Economy

• Friday, January 31st 2020 - 08:35 UTC

  Mexican economy contracted in 2019, first time in a decade; 2020 prospects weak

  

  Mexico’s economy contracted last year for the first time in a decade, data showed on Thursday, as businesses curbed investment due to concern over the economic management of President Andres Manuel Lopez Obrador, and forecasts for 2020 are also weak.

• Friday, January 31st 2020 - 08:25 UTC

  Coronavirus and current account deficit hit the Brazilian Real against the dollar

  

  Brazil’s currency the Real hit a two-month low against the dollar on Thursday, slumping to within sight of its record low under a wave of global risk aversion on fears over the coronavirus outbreak and its diminishing yield appeal.

• Friday, January 31st 2020 - 08:22 UTC

  Brazilian meatpackers believe the coronavirus outbreak in China will help in the long run

  

  Brazil’s largest meatpackers JBS SA and BRF SA said that the coronavirus outbreak could help boost Chinese demand for their products, as it fans concerns about domestic food safety in China. However some also believe sales could be held back by aggressive demands for discounts from Chinese buyers.

• Friday, January 31st 2020 - 08:02 UTC

  Brazil streamlines trade team to ensure gains in the Chinese market

  

  A Mandarin speaking trade specialist has been appointed by the Brazilian Agriculture ministry to boost exports to China, the world’s largest commodities market. Larissa Wachholz, 36, who holds a masters degree from the Renmin University of China, was tapped in December by the Brazilian agriculture ministry to lead a trade unit dedicated to the Asian country, the first of its kind in Brazil.

• Thursday, January 30th 2020 - 20:14 UTC

  Brexit: Falklands makes public UK's “absolute commitment to BOT's safety and prosperity”

  

  EU funding for British Overseas Territories organisations and the impact of Brexit on business and travel are all subjects covered in a Brexit update from the Minister for the Commonwealth, the UN and South Asia this week, according to the transcript published by the Falkland Islands weekly “Penguin News”.

• Thursday, January 30th 2020 - 08:59 UTC

  Argentina/Falklands fisheries talks: what happened and what can be expected

  

  Last week there was intense diplomatic activity regarding the Falkland Islands: the meeting of the Fisheries Subcommittee to be held in Buenos Aires on Monday 20 was suspended; the ambassadors before Great Britain and before the international organizations in Geneva, Renato Sersale di Cerisano and Carlos Foradori, were displaced and the secretary of Matters Related to the Falkland Islands, Daniel Filmus, made his presentation in New York in the Decolonization Committee, urging that a negotiation instance be promoted from the UN.

• Thursday, January 30th 2020 - 08:45 UTC

  UK plans to end automatic rights for EU vessels to fish in British waters

  

  Boris Johnson's government plans to reclaim control over British fisheries with a law allowing the U.K. to decide who can fish in its waters and on what terms. The legislation to be published this week will end current automatic rights for European Union vessels to fish in British waters, the Department for Environment, Food and Rural Affairs said in an emailed statement.

• Thursday, January 30th 2020 - 08:24 UTC

  IMF positively cautious about Argentina's public policies prospects

  

  Greater certainty around Argentina’s public policies could help reactivate growth and investments in the recession-hit country, the International Monetary Fund said on Wednesday.

• Wednesday, January 29th 2020 - 08:58 UTC

  IMF and Argentina say they held very productive talks in a New York meeting

  

  IMF officials and Argentina's economy minister met in New York on Tuesday for what they called “productive” and “positive” talks as the South American nation looks for help from its main creditor to alleviate a challenging debt situation.

• Wednesday, January 29th 2020 - 08:20 UTC

  IMF announces a technical mission will travel to Buenos Aires in February

  

  An IMF technical mission is expected to travel to Buenos Aires in February to continue to exchange views on macroeconomic plans and debt sustainability, announced from Washington the IMF Chief Spokesperson Gerry Rice following the meeting on Tuesday of Argentine Economy minister Martin Guzman IMF members of staff in New York. made the following statement on Argentina today: