Economy

• Wednesday, February 5th 2020 - 09:49 UTC

  Buenos Aires province narrowly averts default: governor Kicillof promises to pay

  

  Argentina's Buenos Aires province narrowly averted falling into default on Tuesday, saying it would make a US$ 277 million payment on a 2021 bond after creditors would not grant a last-minute approval to delay it.

• Wednesday, February 5th 2020 - 09:43 UTC

  Argentina's Economy minister holds “very constructive” talks with IMF chief

  

  Argentina’s Economy Minister Martin Guzman met the head of the International Monetary Fund Kristalina Georgieva for two-and-a-half hours on Tuesday to discuss the country’s economic emergency, the ministry said.

• Wednesday, February 5th 2020 - 09:02 UTC

  Royal Caribbean cancels cruises out of China until March 4

  

  Royal Caribbean Cruises has cancelled eight cruises out of China through March 4 in response to the coronavirus outbreak in the world's second-largest economy, the company said on Tuesday. The company said it expects the cancellations and some modifications to its itineraries to reduce earnings by 25 cents per share.

• Wednesday, February 5th 2020 - 08:40 UTC

  US Environmental Protection Agency states that glyphosate in not a carcinogenic

  

  The US Environmental Protection Agency said it finished a regulatory review that found glyphosate, the most widely used weed killer in the United States, is not a carcinogen.

• 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.