Economy

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.
Thursday, February 20th 2020 - 18:14 UTC
Brazilian currency again slips to a record low against the US dollar

Brazil’s real posted a record low close against the dollar for a second straight day on Wednesday, after earlier sliding to within less than one centavo of its weakest-ever level as the weight of selling pressure built up on several fronts.
Thursday, February 20th 2020 - 18:10 UTC
IMF: Argentine debt is not sustainable, a meaningful contribution from private creditors is required

An IMF team, led by Julie Kozack Deputy Director of the Western Hemisphere Department and Luis Cubeddu Mission chief for Argentina, visited Buenos Aires from February 12 to 19, 2020 to discuss the recent macroeconomic developments and learn more about the Argentine authorities’ economic plans and policies. At the conclusion of the staff visit, Ms Kozack and Mr Cubeddu issued the following statement:
Thursday, February 20th 2020 - 18:10 UTC
Oil workers on strike against Petrobras privatization plans

Brazilian oil workers and oil giant Petrobras were locked in a power struggle over the company’s privatization plans, with the union saying thousands of employees are on an indefinite strike.
Thursday, February 20th 2020 - 08:55 UTC
Coronavirus “is our most pressing uncertainty...” for the global economy, admits IMF chief

In the best-case scenario, the economic hit from the epidemic in China will be short-lived, but it comes as the global economy remains fragile, IMF chief Kristalina Georgieva said on Wednesday.
Thursday, February 20th 2020 - 08:54 UTC
World Bank aid to the neediest countries ended in offshore bank accounts, shows data from tax havens and BIS

World Bank aid payments to the neediest countries appear to trigger money flows to offshore bank accounts, suggesting funds are siphoned off from the nations they are meant to help, according to a study published on Tuesday.
Thursday, February 20th 2020 - 08:25 UTC
Beijing/US media war: three WSJ newsroom journalists expelled over an OPED column

China on Wednesday ordered three reporters from The Wall Street Journal to leave the country over what Beijing deemed a racist headline, in one of the harshest moves against foreign media in years.
Thursday, February 20th 2020 - 08:14 UTC
China back in the market for US agricultural commodities

China is back in the market for US agricultural commodities after issuing a list of products that will be eligible for tariff waivers, according to market sources. US exporters sold at least two sorghum cargoes to China after buyers bid for supplies to be shipped in the first half of the year. Importers also inquired about soybeans on Wednesday, a day after asking about wheat prices in a move that sent Chicago futures rallying.