Economy

• Wednesday, June 3rd 2020 - 11:52 UTC

  Brazilian May exports reached US$ 18bn with a trade surplus of US$ 4,5bn

  

  Last month, Brazilian exports totaled US$17.94 billion and imports, US$13.392 billion, which generated a trade surplus of US$4.548 billion. On the export side, there was a 4.2% decline in the daily export average from US$936.02 million in May 2019, to US$896.98 million in May 2020. In relation to imports, there was a 1.6% decline in the daily average over the same comparison period, from US$680.37 million to US$669.58 million.

• Wednesday, June 3rd 2020 - 08:57 UTC

  US investigating digital services taxes by several countries, which “unfairly target our companies”

  

  The United States is investigating digital services taxes being adopted or considered by Britain, Italy, Brazil, and other countries, the US Trade Representative's office said on Tuesday, a move that could lead to new punitive tariffs and heighten trade tensions.

• Tuesday, June 2nd 2020 - 09:00 UTC

  Brazilian economy forecasted to contract 6,25% and rebound 3,5% in 2021

  

  Brazil's financial analysts downgraded their economic growth forecast for 2020 from -5.89% to -6.25%, marking the 16th downward adjustment in a row, the Central Bank of Brazil said on Monday.

• Tuesday, June 2nd 2020 - 08:57 UTC

  Helped by a weaker currency, record export of Brazilian soybean to China

  

  Brazil's May soybean exports jumped 45% on the year to reach 15.5 million tons, the second-highest monthly soy shipment ever, the latest foreign trade department data released on June first showed, with a hefty 74% of this volume bound for China.

• Tuesday, June 2nd 2020 - 08:51 UTC

  Boeing confirms elimination of 12,000 US jobs, and more in “coming months”

  

  Boeing confirmed it was eliminating more than 12,000 US jobs, including 6,770 involuntary layoffs, as the largest US planemaker restructures in the face of the coronavirus pandemic. Boeing also disclosed it plans “several thousand remaining layoffs” in the coming months but did not say where those would take place.

• Tuesday, June 2nd 2020 - 08:50 UTC

  Argentina extends debt negotiations deadline to 12 June: “adjustment margin remains thin”

  

  Argentina extended the deadline to negotiate with its creditors to June 12 and may sweeten its most recent restructuring offer, the country said on Monday, after a previous proposal was deemed insufficient by some investors.

• Tuesday, June 2nd 2020 - 08:03 UTC

  Mexican workers return to work at the automotive factories

  

  Tens of thousands of workers lined up before dawn to return to work at automotive factories along Mexico's northern border on Monday, the first day that industries joined the country's list of essential activities beginning to reopen.

• Monday, June 1st 2020 - 08:54 UTC

  Venezuela announces the end of subsidized fuel prices together with privatized service stations

  

  Venezuela will increase fuel prices in June, the president said, putting a limit on state subsidies that for decades had allowed citizens to fill their gas tanks virtually for free. Although the country has huge oil reserves, production has collapsed and Venezuelans are facing dire shortages - exacerbated by the impact of COVID-19 on the economy.

• Monday, June 1st 2020 - 08:50 UTC

  Falklands preparing for tourism ‘new normal’ in 2020

  

  The Falkland Islands are concerned about tourism and what can be expected of the coming season. Tourism is one of the main industries of the Islands and has been growing sustainedly despite attempts by an abusive neighbor to curtail its development, but on this occasion, the world pandemic has become a greater uncertainty and challenge.

• Monday, June 1st 2020 - 08:49 UTC

  Oil prices fall because of concerns about extended rioting in major US cities

  

  Oil prices fell due to concerns about riots in major US cities that could staunch demand after trading higher on optimism that OPEC would extend or enhance production cuts at a meeting in June.