Economy

Friday, January 10th 2020 - 09:57 UTC
“Brexit done”: UK lawmakers vote 330/231 to leave the European Union on January 31

Lawmakers approved legislation on Thursday which will allow Britain to leave the European Union on Jan 31 with an exit deal, ending more than three years of tumult over the terms of the unprecedented divorce.They voted 330 to 231 in favour of the European Union (Withdrawal Agreement) Bill, which implements an exit deal agreed with the EU last year.
Friday, January 10th 2020 - 09:57 UTC
Buenos Aires province US$ 227 million debt payment on Jan 26, a major test for creditors

Argentina's debt talks will face their first big test this month with a US$ 277-million payment due on a Buenos Aires provincial bond, seen as a gauge of how the indebted nation's new government will handle its creditors.
Friday, January 10th 2020 - 09:53 UTC
Mercosur summit in Paraguay will address a review of the external tariff

The upcoming Summit of Heads of State of the Southern Common Market Mercosur, to be held in late June or early July this year, will be held in Encarnacion, capital of Itapúa Department, Paraguay.
Friday, January 10th 2020 - 09:52 UTC
US/China second phase trade negotiations results after presidential election, Trump warns

Negotiations for the second phase of a pending US-China trade deal will begin promptly but the outcome may wait until after this year's elections, President Donald Trump said on Thursday.
Friday, January 10th 2020 - 09:50 UTC
Fed members confident about the US economy in 2020: headwinds abating

The global trade wars may not be over, but U.S. Federal Reserve officials on Thursday said the economy may have weathered the worst of it as risks begin to ease and businesses adjust to a new trade environment.
Friday, January 10th 2020 - 09:40 UTC
Brazilian industrial production surprise slump in November

Brazilian industrial production slumped in November after rising for three consecutive months, marking the weakest performance for the month in four years, the government statistics agency IBGE said on Thursday.
Thursday, January 9th 2020 - 09:49 UTC
Brazil after other markets if US and China agree on farm deal, mainly soybeans

Brazil could lose some recent gains it made in the global soy market during the US-China trade war if those two countries reach a deal to end their dispute, a Brazilian Agriculture Ministry official said on Wednesday.
Thursday, January 9th 2020 - 08:52 UTC
Brazil anticipates record 2019/20 oilseed and grains crop: some 250 million tons

Brazil's 2019-20 crop of grains and oilseeds is expected to reach a record of nearly 250 million metric tons, mainly driven by a sharp recovery in soybean production, even as inclement weather in southern regions of the country is raising concerns about the corn crop.
Thursday, January 9th 2020 - 08:48 UTC
Something smells rotten in Maputo: Russian bank suing Mozambique over US$ 2bn in loans

Russian bank VTB is suing a Mozambique state-owned company over US$ 535 million it extended as part a series of loans now at the centre of a US$ 2 billion debt scandal. An online court filing dated Dec. 23 shows VTB has lodged a lawsuit in Britain’s High court against the Mozambique state and Mozambique Asset Management, which borrowed the money from VTB as part of a costly project that U.S. authorities say was an elaborate front for a bribery and kickback scheme.
Thursday, January 9th 2020 - 08:35 UTC
World Bank forecasts global expansion of 2.5% in 2020, but there are also too many uncertainties

Global economic growth is likely to be only slightly faster this year than the weak 0performance seen in 2019, according to a World Bank forecast. The world economy is likely to expand by 2.5% in 2020, up from 2.4% last year, the Bank's economists predict.