Economy

Tuesday, March 10th 2020 - 08:10 UTC
Coronavirus overshadowing Trump's optimism with the economy and reelection campaign

Concern that president Donald Trump himself could be exposed to the coronavirus through contact with two Republican lawmakers loomed on Monday, on a day when US stocks plummeted, feeding growing national anxiety. Trump, who flew back to Washington after a weekend golfing at his Florida resort and having dinner with Brazil's president Jair Bolsonaro, has spent weeks dismissing the seriousness of the threat.
Tuesday, March 10th 2020 - 06:32 UTC
Global breweries expanding their business in Brazil

Heineken NV will invest 865 million reais (US$183.14 million) to expand its Ponta Grossa brewing plant in Brazil, the company said on Monday, as competition between the world's two largest beer makers bubbles up.
Monday, March 9th 2020 - 08:57 UTC
Argentine farmers begin four day sales strike to protest higher export taxes

Argentina’s main farm groups will hold a four-day sales strike this week, officials with local growers groups said on Thursday, to protest a tax hike that soy crushing companies warn will cripple investment in the key sector.
Monday, March 9th 2020 - 08:55 UTC
Oil prices plunge 30% after OPEC fails to agree on production cuts; Russia clashes with Saudi Arabia

Oil prices plunged 30% in early trading after OPEC’s failure to strike a deal with its allies regarding production cuts caused Saudi Arabia to slash its prices as it reportedly gets set to ramp up production, leading to fears of an all-out price war.
Monday, March 9th 2020 - 08:54 UTC
Trump and Bolsonaro discuss Venezuela and a bilateral trade accord

United States President Donald Trump hosted Brazilian president Jair Bolsonaro for dinner at his Mar-a-Lago resort in Florida on Saturday, where the two leaders discussed the U.S.-led effort to oust Venezuelan President Nicolas Maduro and spoke about a future trade deal.
Friday, March 6th 2020 - 11:00 UTC
“If I mess up”, the US dollar could reach 5 Real, admits Brazil's minister Guedes

Brazil’s economy minister blamed the Real’s slide to an all-time low on the coronavirus outbreak and said the currency could weaken to as much as 5 per dollar if he “messes up.” Paulo Guedes said the Real is weakening largely due to the economic impact of the epidemic, rather than a change in the country’s risk perception.
Friday, March 6th 2020 - 11:00 UTC
IMF has held “productive talks” in Buenos Aires and leaves this Friday

An International Monetary Fund team currently in Argentina has held “productive” talks with local officials, a spokesman said on Thursday, though there was little detail on concrete progress about reaching a deal over the country’s debt crisis.
Friday, March 6th 2020 - 10:58 UTC
Flybe collapses and all its flights are grounded: fierce competition and coronavirus

One of Britain's biggest airlines, Flybe, collapsed on Thursday with all its flights grounded, the company said, as the coronavirus epidemic takes a heavy toll on airlines around the world.
Friday, March 6th 2020 - 08:48 UTC
Latin American currencies weakened on Thursday's; Brazil Real slides to a record low

Latin American stocks and currencies weakened on Thursday, with Brazil's real slipping to yet another record low, as the rapid spread of the coronavirus sapped risk appetite and investors worried about the scale of the economic fallout.
Thursday, March 5th 2020 - 08:59 UTC
A list of 12.000 Nazis in Argentina with accounts in Credit Suisse has surfaced, confirms Simon Wiesenthal Center

A research by Argentine investigator Pedro Filipuzzi revealed a list of 12,000 Nazis in Argentina that apparently have money in accounts at the Zurich-based Credit Suisse investment bank, the Simon Wiesenthal Center said in a statement.