Economy

Tuesday, December 17th 2019 - 23:54 UTC
Argentine farmers reject increase in export taxes, but privilege dialogue

Argentine farmers are disappointed with the new taxes on farm produce exports decreed by government, and particularly with president Alberto Fernandez who had promised during the campaign to work with them in developing policies.
Tuesday, December 17th 2019 - 09:51 UTC
Mexico rejects US labor inspectors: they are not included in the USMCA trade pact

Mexico’s trade negotiator for North America said that Mexico categorically opposes allowing foreign labor inspectors to operate in the country, saying that was not contemplated in the recent agreement with Washington and Ottawa on the USMCA pact to replace the North American Free Trade Agreement.
Tuesday, December 17th 2019 - 09:40 UTC
“You cannot hold Scotland in the union against its will”, First Minister Sturgeon reminds Boris Johnson

Scotland's first minister, Nicola Sturgeon, warned Prime Minister Boris Johnson on Sunday that he could not keep Scotland in the United Kingdom against the country's will.
Tuesday, December 17th 2019 - 09:30 UTC
Beef prices to remain high in 2020 because of China, forecasts meatpacker Marfrig Global Foods

The price of beef in Brazil will remain high in 2020 but not at current levels, an executive for meatpacker Marfrig Global Foods said on Friday, citing high demand from China and other Asian countries.
Tuesday, December 17th 2019 - 08:29 UTC
OIE confirms Falklands Veterinary Services exercise of a simulated FMD outbreak

Ross Milner, Veterinary Officer, Falkland Islands Government, informed the OIE (World Organization for Animal Health) that a desk-top simulation exercise involving a simulated outbreak of foot and mouth disease (FMD) took place in Stanley, Falkland Islands on 30 October 2019.
Tuesday, December 17th 2019 - 07:39 UTC
Bloomberg fined 5 million Euros in France for a report based on a fake news release

France's financial markets watchdog on Monday hit Bloomberg with a five million euro (US$5.6 million) fine for a report based on a fake news release that triggered a plunge in the shares of French construction giant Vinci and wiped billions off its market value.
Monday, December 16th 2019 - 09:50 UTC
Brazil's basic interest rate at an all time low of 4.50%

Brazil's central bank cut its benchmark Selic interest rate to an all-time low of 4.50% this week but indicated that with borrowing costs so low and economic growth starting to pick up, it may mark a pause in the easing cycle, if not the end.
Sunday, December 15th 2019 - 10:58 UTC
Rise on Argentine agrifood export taxes decreed, effective immediately

Argentine President Alberto Fernández signed a decree whereby export taxes on soy, wheat, corn and beef go up. The decree became available Saturday as it appeared in the Official Gazette and is effective immediately.
Saturday, December 14th 2019 - 09:40 UTC
Trump and Abdo meet in Washington to talk about the Mercosur-US trade deal

US President Donald Trump and his Paraguayan colleague Mario Abdo Benítez Friday discussed in Washington a free trade agreement with Mercosur as well as other items of mutual interest, including beef import/exports and the crisis affecting various countries in South America.
Saturday, December 14th 2019 - 09:30 UTC
“Bad news” for Argentine industry: Fernández's emergency decree doubles compensation for 180 days

The president of Argentina, Alberto Fernández, established through a Decree of Necessity and Urgency the double compensation to workers for a period of 180 days in case of “dismissals without just cause” and “given the need to stop the worsening of the labor crisis “ The business sector receives it as ”bad news.”