Economy

Tuesday, January 28th 2020 - 08:09 UTC
Brazil willing to discuss with OPEC, but not prepared to join the cartel

Brazil has decided to stay out of OPEC for the time being as it seeks to expand its oil production, according to media reports quoting energy minister Bento Albuquerque. “The idea is just to increase our production and to participate more in the international oil and gas market,” Albuquerque said in an interview.
Monday, January 27th 2020 - 08:19 UTC
Argentine economy minister in New York for talks with IMF and US Treasury officials

Argentina's Economy Minister Martin Guzman iis in New York and on Monday will be participating of a conference at the Council of Americas. Later in the day he will meet h International Monetary Fund and U.S. Treasury officials, as part of Argentina's efforts to revive growth and renegotiate its debts.
Monday, January 27th 2020 - 07:45 UTC
India and Brazil sign accords in fifteen different sectors

India and Brazil have signed 15 accords aimed at forging closer ties between the two emerging market giants across a range of sectors, especially defense, both countries’ leaders tweeted on Saturday.
Saturday, January 25th 2020 - 09:55 UTC
Trump announces higher tariffs for steel and aluminum derivates

US. President Donald Trump on Friday signed a proclamation increasing tariffs on derivative steel products by an additional 25% and boosting duties on derivative aluminum products by an additional 10%.
Saturday, January 25th 2020 - 09:34 UTC
Argentina's YPF returns successfully to money markets: issues US$ 164 million debt

Argentina’s state energy company YPF said it issued debt of US$ 164 million on Wednesday, in a result it said exceeded its expectation.
Saturday, January 25th 2020 - 09:15 UTC
Chile's business community anticipates an ailing economy during 2020

Chile's central bank is expected to hold its benchmark rate at 1.75% in January, a poll of 62 traders showed on Friday, then keep it there through 2020 as seeks to spur the ailing economy following months of unrest in the key mining nation.
Saturday, January 25th 2020 - 09:00 UTC
Even the richest of the richest now admit climate change is an existential threat

By Gwynne Dyer – Donald Trump's speech to the World Economic Forum in Davos on Monday contained no surprises: half an hour of chest-thumping self-praise, although without the usual xenophobia and dog-whistle racism. It was, after all, an audience of the ultra-rich and powerful in which most of the movers and shakers were not American.
Friday, January 24th 2020 - 08:45 UTC
Brazilian government finances rapidly improving; primary budget deficit could be eliminated by 2022

The Brazilian government's interest payment bill on the national debt could fall by 417 billion reais (some US$ $100 billion) over the course of its four-year term ending in 2022, by which time the primary budget deficit could also be completely eliminated, a senior Economy Ministry official said on Thursday.
Friday, January 24th 2020 - 08:45 UTC
Greta Thunberg and US Treasury Secretary Mnuchin clash at Davos over climate change

The United States' financial chief on Thursday told Swedish teen Greta Thunberg to go study before calling for a fossil fuel halt, prompting the climate campaigner to reply it doesn't “take a degree” to understand the science.
Friday, January 24th 2020 - 08:42 UTC
Brazil and India discuss reciprocal trade, poultry, sugar, ethanol

Brazil wants India to cut its import taxes on chicken and chicken products, so it can cash in on India’s burgeoning demand for poultry and poultry products as incomes rise and food habits change.