Economy

• Friday, July 26th 2019 - 10:06 UTC

  China/Brazil meeting: “pragmatism will prevail” anticipate Bolsonaro hard liners

  

  Brazil's foreign minister has made clear that there is no love lost for Beijing on his part, but when he sits down with his Chinese opposite for the first time on Thursday analysts expect pragmatism to prevail.

• Friday, July 26th 2019 - 09:59 UTC

  Argentina's economy lifting out of recession: activity rises in May for the first time in a year

  

  Argentina’s economic activity rose for the first time in over a year in May, a rare boost for President Mauricio Macri as he looks to dig the South American country out of a crippling recession ahead of presidential elections later this year.

• Friday, July 26th 2019 - 09:53 UTC

  Brazil stimulus plan will allow workers to withdraw money from severance fund

  

  Brazil hopes to inject US$ 11.2 billion into its slowing economy after announcing a plan Wednesday to put some extra cash in the pockets of workers. Workers will be allowed to withdraw up to 500 reais (US$ 133) this year and a certain percentage in 2020 from a severance fund that employers are required to pay into.

• Friday, July 26th 2019 - 09:44 UTC

  YPF hires an LNG tanker to ship Vaca Muerta shale gas to global markets

  

  Argentina's YPF said on Thursday it reached a preliminary agreement with Texas-based Excelerate Energy to hire an LNG tanker for shipping cargoes to global export markets, as the state-backed energy company seeks to offload a growing surplus of shale gas production.

• Thursday, July 25th 2019 - 09:16 UTC

  Teheran threatens to cut Brazilian imports if Iranian vessels are not refueled

  

  Iran has threatened to cut its imports from Brazil unless it allows the refuelling of at least two Iranian ships stranded off the Brazilian coast, a sign of the global repercussions of U.S. sanctions on the Islamic republic.

• Thursday, July 25th 2019 - 05:09 UTC

  Frosts in south Brazil will help foreign exporters of wheat

  

  Brazilian wheat imports are poised to increase this year as a frost-damaged part of the crop in key producing regions of Paraná, which accounts for roughly half of the country's output, according to state government agency Deral.

• Thursday, July 25th 2019 - 05:08 UTC

  Johnson names cabinet: Sajid Javid, finance; Raab. foreign secretary, Priti Patel home secretary

  

  New Prime Minister Boris Johnson sacked most of Britain's cabinet on Wednesday as he took office vowing to get a new divorce deal with the European Union or leave without one by Oct 31. The former London mayor has pledged to break the political deadlock that has left Britain in crisis and forced his predecessor Theresa May to delay Brexit twice.

• Thursday, July 25th 2019 - 05:06 UTC

  US to compensate a minimum US$ 15 per acre to farmers hurt by trade war with China

  

  The U.S. government will pay a minimum of US$ 15 per acre to farmers hurt by President Donald Trump’s trade war with China under an aid package to be unveiled before the end of the week, Agriculture Secretary Sonny Perdue said.

• Wednesday, July 24th 2019 - 01:29 UTC

  EIB opens Latam HQs in Colombia with 400 million euro offer in loans

  

  The European Investment Bank (EIB) has opened its Latin American headquarters in Bogota following an agreement signed Monday between Colombian President Iván Duque and EIB CEO Werner Hoyer.

• Tuesday, July 23rd 2019 - 15:14 UTC

  Finland's UPM will construct a second 2.1 million ton pulp mill in Uruguay

  

  Finland's UPM on Tuesday made the investment decision to construct a 2,1 million ton eucalyptus pulp mill near Paso de los Toros in central Uruguay.