Economy

• Wednesday, August 28th 2019 - 09:58 UTC

  Canada will continue trade negotiations with Mercosur, despite the current Amazon policy of Brazil

  

  Canada will continue its trade negotiations with Mercosur, the South American trading bloc that includes Brazil, despite demands to call a halt to the talks until more action is taken to protect the Amazon rainforest.

• Wednesday, August 28th 2019 - 09:49 UTC

  Argentina sold US$ 302 million to support the Peso, exceeding an IMF agreement

  

  Argentina's central bank on Tuesday exceeded for the first time a guideline on reserve sales agreed as part of its US$ 57 billion standby agreement with the International Monetary Fund, selling US$ 302 million in the foreign exchange market, traders said.

• Tuesday, August 27th 2019 - 20:55 UTC

  Fernandez tells the mining industry that exports are “the only solution” for Argentina

  

  Argentina's opposition candidate Alberto Fernandez told mining companies and governors from key mining provinces on Monday that exports were “the only solution” for Argentina, his coalition said.

• Tuesday, August 27th 2019 - 20:52 UTC

  IMF meets Argentine opposition leader: “constructive talks”, but the Fund is blamed for the current situation

  

  A team from the International Monetary Fund met on Monday with opposition candidate Alberto Fernandez, the front-runner for October's presidential election, according to a spokesman for Fernandez.

• Tuesday, August 27th 2019 - 11:47 UTC

  Argentina and Brazil replacing US as main soybean suppliers of China

  

  Amid trade tensions with the US, China's July soybean imports from Argentina increased 328% month on month and 269% year on year to 1.07 million metric tons, according to customs data.

• Tuesday, August 27th 2019 - 10:56 UTC

  Argentines fear of a repeat of the “corralitos” of 1989 and 2002

  

  It happened in 1989. It happened in 2002. Argentines who are old enough to remember do not want to go through it again.

• Tuesday, August 27th 2019 - 08:18 UTC

  Questioned at G7, Trump defends his negotiating style with China: “Sorry it's the way I do it”

  

  Crushing off concerns about global economic instability, US President Donald Trump on Monday defended the way he is trying to squeeze a trade deal out of China, saying it's what worked for him in business.

• Tuesday, August 27th 2019 - 07:50 UTC

  Leonarod Di Caprio's Earth Alliance donates US$ 5 million to help Amazon indigenous communities

  

  Leonardo Di Caprio's environmental organization is putting US$5m towards helping the Amazon rainforest after the recent surge in fires there. Earth Alliance will give the money to local groups and indigenous communities as they work to protect the Amazon.

• Monday, August 26th 2019 - 19:02 UTC

  Trump to hold off from a further tariff escalation in the trade war with China, admits “second thoughts”

  

  President Donald Trump on Sunday denied that his trade war with China is causing friction at the G7 summit, but indicated he will hold off from a threatened further escalation for now. “I think they respect the trade war. It has to happen,” Trump told reporters in Biarritz, France, where he was meeting with other leaders of the G7 group.

• Monday, August 26th 2019 - 18:42 UTC

  EU divided on ratification of trade pact with Mercosur, warns Donald Tusk

  

  The European Union Council president Donald Tusk said it was hard to imagine the bloc ratifying its trade pact with Mercosur as long as Brazil fails to curb the fires ravaging the Amazon rainforest. The EU “stands by the EU-Mercosur agreement”, Tusk told reporters at a G7 meeting in Biarritz in southern France.