Economy

Monday, September 16th 2019 - 09:47 UTC
IMF choice: to unlock or not to unlock the last tranche of funds for Argentina

The International Monetary Fund has a tough choice to make in Argentina: unlock US$5.4 billion in funds under the country’s loan deal as the government strains to stave off default, or hold the money back and risk sparking more market panic.
Monday, September 16th 2019 - 09:10 UTC
China opens its market to more Brazilian meat processing plants

Brazilian beef' packer Marfrig Global Foods SA said it is in the process of hiring 400 people to work at its Promissão plant in the state of São Paulo as Chinese demand warrants an increase in meat production.
Saturday, September 14th 2019 - 21:58 UTC
Google settles tax dispute with France paying almost one billion Euros

US internet giant Google has agreed a settlement totaling €945 million (US$1 billion) to end a tax dispute in France under an agreement announced in court on Thursday. The company will pay a €500 million fine for tax evasion, as well as a further €465 million to settle claims with French tax authorities.
Saturday, September 14th 2019 - 21:56 UTC
ECB slashes rates to its lowest and introduces quantitative easing to stimulate the European economy

The European Central Bank announced a sweeping round of stimulus for the continent's slowing economy, cutting interest rates to their lowest ever level and introducing a round of quantitative easing.
Saturday, September 14th 2019 - 13:03 UTC
Hard-time “Special period” creeping back in Cuba, diesel shortage and long queues

Havana awoke on Thursday to long lines at gas stations and public transportation stops after President Miguel Diaz-Canel warned fellow Cubans to expect fuel shortages and blackouts that he blamed on US sanctions.
Friday, September 13th 2019 - 19:20 UTC
Argentine Lower House unanimously approves draft emergency food law

Argentine lawmakers on Thursday unanimously approved a draft emergency food law to free up resources for social programs amid a worsening economic crisis. The bill, yet to be approved by the Senate, would provide a 50 percent increase in food assistance programs to growing numbers of poor.
Friday, September 13th 2019 - 19:17 UTC
Brazil's soybean and corn sowing seasons delayed because of very dry conditions

Brazil’s soybean sowing season for the 2019-20 harvest is officially underway, but there might not be too many planters out in the fields just yet as conditions are extremely dry.
Friday, September 13th 2019 - 12:49 UTC
Argentine central bank announces further currency controls

Argentina's central bank this week announced further currency controls in an effort to tame speculation and stem a spiraling debt crisis in Latin America's third-largest economy.
Friday, September 13th 2019 - 12:38 UTC
August inflation in Argentina reverses tendency and again shoots up: 4%

Prices in Argentina shot up last month after a shocking primary vote plunged the peso, reversing four months of declines.
Friday, September 13th 2019 - 11:56 UTC
Following a US judge decision to keep a Peruvian ex president in jail, the former ex first lady is dragged out of the courtroom

A former Peruvian first lady was dragged out of a courtroom in San Francisco on Thursday as she cursed a judge's decision to keep her husband, ex-president Alejandro Toledo, in jail pending extradition proceedings.