Economy

Thursday, August 15th 2019 - 05:20 UTC
Bolsonaro insists Argentina is heading for “Venezuelan chaos” with the “leftist bandits”

Brazilian President Jair Bolsonaro said on Wednesday that Argentina was heading for chaos as “leftist bandits” who performed well in the primary election will follow the path of Venezuela, which is mired in a deep economic crisis. Argentina's Merval stock index was down 34.47% since the start of the week.
Thursday, August 15th 2019 - 05:16 UTC
Massive women's protests in Brasilia against Bolsonaro's policies

Tens of thousands of women took to the streets of Brazil's capital on Wednesday to denounce President Jair Bolsonaro, in the third anti-government protest in the city in two days.
Wednesday, August 14th 2019 - 19:15 UTC
US tech companies seek protection from French government services tax

Alphabet Inc's Google unit, Facebook Inc and Amazon.com Inc are among the companies that will testify at a U.S. government hearing on the French government's digital services tax.
Wednesday, August 14th 2019 - 09:39 UTC
Trump threatens to pull the US out of WTO: “they have been screwing us for years”

President Donald Trump threatened on Tuesday to pull the United States out of the World Trade Organization (WTO) if conditions are not improved. “We will leave if we have to,” Trump told a cheering audience of workers at a Shell chemical plant in Pennsylvania.
Wednesday, August 14th 2019 - 09:08 UTC
What will be the IMF's reaction to the new Argentine political scenario?

Argentina's peso slipped further against the dollar Tuesday while the stock market partially recovered as South America's third-largest economy continued to take a pummeling in the wake of pro-business President Mauricio Macri's crushing defeat in party primaries.
Wednesday, August 14th 2019 - 08:57 UTC
Facebook again caught ignoring privacy practices: it paid contractors to transcribe audio clips from its services

Facebook Inc has been paying outside contractors to transcribe audio clips from users of its services, Bloomberg reported on Tuesday, citing people familiar with the matter. The company confirmed that it had been transcribing users' audio, and said it was no longer doing so, Bloomberg reported.
Tuesday, August 13th 2019 - 21:13 UTC
Feeble domestic demand linked to Brazilian economy's performance on the verge of recession

Brazil likely fell into recession in the second quarter according to a key gauge of economic activity that comes as policymakers grapple with high unemployment and weak investments as well as a global slowdown.
Tuesday, August 13th 2019 - 09:51 UTC
Macri vows to win a second term in October despite Sunday's trouncing

Argentina's president Mauricio Macri vowed on Monday to win a second term despite a surprisingly strong performance by the opposition in the primary election that set off a shockwave through markets, crashing the peso currency and sending stocks and bonds tumbling.
Tuesday, August 13th 2019 - 07:46 UTC
Chile considering expansive fiscal policy to stimulate growth

Chile plans to roll out a more expansive fiscal policy and additional measures to stimulate economic growth to counter impacts from the U.S.-China trade war, the finance minister said in a newspaper interview published on Sunday.
Tuesday, August 13th 2019 - 07:16 UTC
Brazil does not need German funds to sustain Amazon forests, claims Bolsonaro

Brazilian President Jair Bolsonaro dismissed the importance of Germany's funding of sustainability projects in the country's forests, as the European nation weighed withdrawing from the region.