Economy

• Wednesday, June 10th 2020 - 13:54 UTC

  Brazilian government banks suspended payment of states and municipalities debts

  

  Brazilian development bank BNDES has suspended the payment of interest and principal on debt owed by municipalities and states through the end of the year, Chief Executive Gustavo Montezano said, citing the coronavirus pandemic.

• Wednesday, June 10th 2020 - 08:41 UTC

  Falklands will continue to invest in improving quality of life and prosperity of its people

  

  The Falkland Islands remain confident of the British government's support and defense of their sovereignty and self-determination right, and is working closely with London to ensure the Falklands interests are contemplated in the Brexit negotiations.

• Tuesday, June 9th 2020 - 11:59 UTC

  Brazil central bank survey shows economy forecasted to contract 6,5% this year

  

  The outlook for Brazil’s economy deteriorated for a 17th week in a row, with Latin America’s largest economy now expected to shrink by 6.5% this year, a central bank survey of economists showed on Monday.

• Tuesday, June 9th 2020 - 11:57 UTC

  Basic stats on world fisheries: fish consumption reached a record 20,5 k per capita

  

  Worldwide per capita fish consumption has reached a new record of 20.5 kilograms per year and is poised to increase further in the decade ahead, underscoring its critical role in global food and nutrition security.

• Tuesday, June 9th 2020 - 11:49 UTC

  Brazil anticipates 40% fall in sales of cars, light commercial vehicles, trucks and buses, this year

  

  Brazil's National Motor Vehicle Manufacturers Association (Anfavea), predicts a 40% drop for the sale of the set of new vehicles, composed of cars, light commercial vehicles, trucks and buses in 2020.

• Tuesday, June 9th 2020 - 08:14 UTC

  Argentina's economy could contract 9,5% in 2020, according to central bank poll

  

  Argentina’s economy is seen shrinking 9.5% in 2020, according to a monthly poll of analysts by the central bank released on Friday, compared with an estimated 7% decline in the previous survey, as the activity gets walloped by a nationwide lockdown against the coronavirus pandemic.

• 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.