Economy

• Saturday, February 1st 2020 - 08:27 UTC

  Boris Johnson confident that “we can turn this opportunity into a stunning success”

  

  Prime Minister Boris Johnson said Brexit offers Britain an opportunity for “renewal and change” as he called on the divided nation to pull together in an address ahead of its split with the European Union.

• Saturday, February 1st 2020 - 08:23 UTC

  Brexit is a “historic warning sign”, the reaction from Paris on EU reforms

  

  Brexit is a “historic warning sign” for the European Union, French President Emmanuel Macron said hours before Britain's departure from the EU, adding that it meant “we need more Europe”.

• Friday, January 31st 2020 - 10:26 UTC

  Debate triggers in EU as to how the €12-billion hole left by UK will be filled

  

  When Britain leaves the European Union at midnight on Friday (Jan 31) the bloc loses the second-biggest net contributor to its budget, leaving a €12-billion (US$13-billion) hole in its finances.

• Friday, January 31st 2020 - 08:58 UTC

  Brazilian Executive and Congress pledge to pass “administrative reform” bill

  

  Brazil’s government will submit a bill that would reduce public sector costs and benefits and make it easier to fire workers to Congress “in a week or two,” Economy Minister Paulo Guedes said on Thursday.

• Friday, January 31st 2020 - 08:45 UTC

  Petrobras asks Sao Paulo stock exchange to withdraw it from good governance certification

  

  Brazilian state-run oil firm Petrobras said it has asked to withdraw its participation in a program certifying good governance and limited political interference in state companies set up by the Sao Paulo stock exchange.

• Friday, January 31st 2020 - 08:35 UTC

  Mexican economy contracted in 2019, first time in a decade; 2020 prospects weak

  

  Mexico’s economy contracted last year for the first time in a decade, data showed on Thursday, as businesses curbed investment due to concern over the economic management of President Andres Manuel Lopez Obrador, and forecasts for 2020 are also weak.

• Friday, January 31st 2020 - 08:25 UTC

  Coronavirus and current account deficit hit the Brazilian Real against the dollar

  

  Brazil’s currency the Real hit a two-month low against the dollar on Thursday, slumping to within sight of its record low under a wave of global risk aversion on fears over the coronavirus outbreak and its diminishing yield appeal.

• Friday, January 31st 2020 - 08:22 UTC

  Brazilian meatpackers believe the coronavirus outbreak in China will help in the long run

  

  Brazil’s largest meatpackers JBS SA and BRF SA said that the coronavirus outbreak could help boost Chinese demand for their products, as it fans concerns about domestic food safety in China. However some also believe sales could be held back by aggressive demands for discounts from Chinese buyers.

• Friday, January 31st 2020 - 08:02 UTC

  Brazil streamlines trade team to ensure gains in the Chinese market

  

  A Mandarin speaking trade specialist has been appointed by the Brazilian Agriculture ministry to boost exports to China, the world’s largest commodities market. Larissa Wachholz, 36, who holds a masters degree from the Renmin University of China, was tapped in December by the Brazilian agriculture ministry to lead a trade unit dedicated to the Asian country, the first of its kind in Brazil.

• Thursday, January 30th 2020 - 20:14 UTC

  Brexit: Falklands makes public UK's “absolute commitment to BOT's safety and prosperity”

  

  EU funding for British Overseas Territories organisations and the impact of Brexit on business and travel are all subjects covered in a Brexit update from the Minister for the Commonwealth, the UN and South Asia this week, according to the transcript published by the Falkland Islands weekly “Penguin News”.