Economy

Wednesday, February 5th 2020 - 08:34 UTC
World Bank will revise global growth forecast because of coronavirus impact in China

The World Bank will revise its global growth forecast downwards due to the new coronavirus, the president of the multilateral lender said on Tuesday amid fears the epidemic in China will harm global supply chains.
Wednesday, February 5th 2020 - 07:15 UTC
Brazilian meat industry confident the situation in China will boost demand for Mercosur poultry and beef

Brazil’s meat industry association ABPA said a “perfect storm” of health and food security concerns in China promises to drive up demand for Mercosur meat, giving Brazilian meatpacker shares a boost.
Wednesday, February 5th 2020 - 07:10 UTC
Brazil posts trade deficit in January, the first in five years: exports dropped 20%

Brazil posted a trade deficit of US$1.745 billion in January, official data showed on Monday, the first shortfall for the month of January in five years and an indication that trade might continue to be a drag on overall economic growth.
Tuesday, February 4th 2020 - 08:29 UTC
Coronavirus hits Chinese markets and the Yuan, despite central bank liquidity injection

Investors erased US$ 393 billion from China’s benchmark stock index on Monday, sold the Yuan and dumped commodities as fears about the spreading coronavirus and its economic impact drove selling on the first day of trade in China since the Lunar New Year.
Tuesday, February 4th 2020 - 08:21 UTC
Germany pledges support for Argentina and its foreign debt strategy compliance

Argentine president Alberto Fernandez left Germany more than satisfied after Monday's evening meeting with chancellor Angela Merkel and in the morning with leaders of industry and finance, who pledged investments in Argentina.
Tuesday, February 4th 2020 - 07:15 UTC
Mexico targeting the “very closed” Brazilian economy expects to negotiate a trade deal

Mexico is negotiating with Brazil to expand economic cooperation and believes it can find areas of mutual benefit even though the Brazilian economy is “very closed,” Economy Minister Graciela Marquez said on Friday.
Tuesday, February 4th 2020 - 07:04 UTC
US approves rules on imports from countries that undervalue their currencies

The U.S. Commerce Department on Monday finalized a new rule to impose anti-subsidy duties on products from countries that it has determined undervalue their currencies against the dollar, including potentially China.
Monday, February 3rd 2020 - 07:58 UTC
UK and EU begin this Monday post-Brexit negotiations

Britain on Sunday began to detail a hard-line stance in upcoming negotiations with the European Union on future relations, following its historic departure from the bloc. Foreign Secretary Dominic Raab, who will embark on a tour of Asia and Australia this week as he looks to pave the way for global trade deals, warned that London will not accept alignment with EU rules.
Monday, February 3rd 2020 - 07:40 UTC
Massive injection of liquidity in China to help counter economic effects of the epidemic

China's central bank said it will inject 1.2 trillion Yuan (US$ 174 billion) worth of liquidity into the markets via reverse repo operations on Monday as its stock markets prepare to reopen amid an outbreak of a new coronavirus.
Monday, February 3rd 2020 - 07:26 UTC
Argentina's soybean crop forecasts increase to 53.1 million tons on favorable moisture conditions

Argentina's soybean harvest for the 2019/20 season is forecast at 53.1 million tons, the Buenos Aires grains exchange said last week, an improvement from a prediction it made towards the end of last year.