Economy

• Friday, April 12th 2019 - 17:32 UTC

  A leading Brazilian coffee exporter files for bankruptcy, hoping to restructure a debt of US$ 282 million

  

  Terra Forte, one of the largest Brazilian coffee exporters, has filed for bankruptcy protection in a Sao Paulo state court, lawyers for the company said. Law firm Freire, Assis, Sakamoto e Violante said Terra Forte was looking to restructure 1.1 billion reais (US$ 288.2 million) in debt.

• Friday, April 12th 2019 - 10:10 UTC

  May defends the Brexit delay in Parliament, but Euro-skeptics call for her resignation

  

  British Prime Minister Theresa May defended her decision to delay Brexit and seek a compromise exit plan with the opposition Labour Party as one angry lawmaker from her own party stood up in parliament on Thursday and asked her to resign.

• Friday, April 12th 2019 - 10:04 UTC

  Bank of England sees a “window of time” to forge a Brexit consensus

  

  British politicians could now take some time to find a way forward on Brexit, Bank of England Governor Mark Carney said on Thursday, after Prime Minister Theresa May agreed on a delay of up to six months before leaving the European Union.

• Friday, April 12th 2019 - 09:49 UTC

  IMF: “foolish” for Argentine presidential candidates to abandon the program

  

  Argentina’s economic reform program is beginning to show results, so it would “foolish” for presidential candidates to abandon the program, International Monetary Fund chief Christine Lagarde said Thursday.

• Friday, April 12th 2019 - 09:45 UTC

  Brazil's lower house speaker forecasts pension reform will be approved by next June

  

  Brazil’s pension reform process will pick up momentum after the Easter holidays, staying on track for approval in the lower house in May or June, the lower house speaker Rodrigo Maia said on Thursday.

• Friday, April 12th 2019 - 09:28 UTC

  IMF's Lagarde glad a chaotic Brexit was avoided but warns about a prolonged uncertainty impact

  

  Further uncertainty over Brexit will hinder growth in the UK economy, the head of IMF has told the BBC. Speaking ahead of the agreement of an extension to Article 50, Christine Lagarde warned that businesses and investors will remain hesitant in the coming months. She said any prolonged uncertainty would have a “negative impact”.

• Friday, April 12th 2019 - 09:11 UTC

  Brazil inflation 0.75% in March and 4.58% in twelve months

  

  Brazil's inflation rate hit 0.75% in March, the fourth straight month of increases and the highest for the month since 2015 when it registered 1.32%, Brazil's National Institute of Geography and Statistics (IBGE) said on Wednesday.

• Friday, April 12th 2019 - 00:18 UTC

  French court finds Monsanto legally responsible for ill health of farmer who ingested weed-killer

  

  US biotech giant Monsanto is legally responsible for the ill health of a farmer who ingested its weed-killer product, a French court has ruled.

• Thursday, April 11th 2019 - 17:56 UTC

  Argentina chairs the World Wine Trade Group in London, amidst record numbers of observers

  

  Under the current Argentine Presidency, the meeting of the World Wine Trade Group (WWTG) is being hosted in London over the course of today and tomorrow.

• Thursday, April 11th 2019 - 15:58 UTC

  Uruguay: ANTEL, Nokia Complete First 5G Commercial Network in Latin America

  

  As 5G rollout continues to accelerate, three more announcements have been made, beginning with the news that Nokia and ANTEL, the Uruguayan state-owned operator, have successfully completed the installation of the first 5G commercial network in Latin America.