Economy

• Friday, September 6th 2019 - 09:58 UTC

  Alberto Fernandez pledges to honor debts as long as it doesn't harm Argentines

  

  Argentina's likely next president, opposition front-runner Alberto Fernandez, laid out his populist credentials during a visit to Madrid on Thursday, saying local Argentine interests would trump those of creditors and energy investors.

• Friday, September 6th 2019 - 09:55 UTC

  Uruguay farmers gathered in Montevideo to protest against the government: clashes with the police

  

  Horses, tractors and hundreds of rural producers from all over the country gathered in front of the Uruguay Parliament on Thursday to denounce the problems that the agricultural sector is experiencing and criticize the government for not listening to the proposals of the Un Solo Uruguay (One Uruguay) movement. The political, non-partisan movement brings together producers and actors of the rural environment and the interior of the country.

• Friday, September 6th 2019 - 09:50 UTC

  Fed estimates US/China trade war could cost US$ 850bn in lost global trade

  

  Trade policy uncertainty driven by the Trump administration's escalating dispute with China means hundreds of billions of dollars in lost U.S. output and as much as US$850 billion lost globally through early next year, research published this week by the Federal Reserve suggests.

• Friday, September 6th 2019 - 08:56 UTC

  During Ivanka Trump's visit to Argentina, US announces US$ 400 million investment

  

  The United States has approved a US$400 million highway investment in Argentina as President Donald Trump's eldest daughter Ivanka Trump visits the country on a wider tour of the region.

• Thursday, September 5th 2019 - 20:26 UTC

  Falklands farmers in Uruguay

  

  A FALKLANDS delegation is currently visiting farms in Uruguay. Penguin News asked the group if they would provide an insight into their experience so far.

• Thursday, September 5th 2019 - 20:23 UTC

  World cereal and sugar prices dip in August, but meat is up 12.3% in eight months

  

  Global food prices declined in August, driven by sharp falls in the prices of staple cereals and sugar, according to a report issued today by the Food and Agriculture Organization of the United Nations.

• Thursday, September 5th 2019 - 09:57 UTC

  Argentine markets rebound, despite thousands of protestors in the streets

  

  Argentine markets held steady on Wednesday, even as thousands of protesters took to the streets to demonstrate against the government of President Mauricio Macri and a darkening economic outlook in the recession-hit South American country.

• Thursday, September 5th 2019 - 09:45 UTC

  Brazil soybean sales to China in August down 40% year on year

  

  Brazil shipped 4.1 million tons of soybeans to China in August, down 40% year on year, according to the Secretariat of Foreign Trade of Brazil, or Secex. Though Secex didn’t provide any reason for the sharp drop, but trade sources cited rising competition from Argentina and African swine fever among the reasons for the decline.

• Thursday, September 5th 2019 - 09:44 UTC

  Argentine farmers changing from corn to soybeans to cut costs

  

  Argentine farmers, anxious about an increasingly murky political outlook and economic turmoil, are turning toward soy over more expensive corn to cut costs, a shift that could impact next season’s harvest in one of the world’s top grain exporters.

• Thursday, September 5th 2019 - 09:39 UTC

  Brazilian Senate advancing with pensions' reform; forecasts of promulgation in a month's time

  

  Brazil’s Senate constitutional affairs committee on Wednesday approved by a vote of 18-7 a bill that would overhaul the social security system and save the federal government about 1 trillion reais (US$243 billion) over the next decade.