Economy

• Tuesday, June 9th 2020 - 08:03 UTC

  Mexican NAFTA negotiator, candidate for director general of WTO

  

  Mexico is set to propose senior trade official Jesus Seade, who helped rework the North American Free Trade Agreement, as a candidate to be the next director-general of the World Trade Organization (WTO), government sources said.

• 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.