Economy

• Wednesday, September 25th 2019 - 09:49 UTC

  Moody's urges Brazil to implement economic reform and balance public finances

  

  An improvement in Brazil’s sovereign credit rating hinges more on stronger economic growth than lower interest rates, rating agency Moody’s said on Tuesday, urging economic reform and the shoring up of public finances.

• Wednesday, September 25th 2019 - 09:45 UTC

  US provides US$ 52 million in support funds for Venezuelan opposition

  

  The United States said on Tuesday it will provide US$52 million in funding to Venezuelan opposition leader Juan Guaido, an escalation of support even as his push to oust socialist President Nicolas Maduro stalls.

• Wednesday, September 25th 2019 - 09:38 UTC

  Persistently low inflation in Brazil anticipates further cut in interest rate

  

  Gradual economic growth and persistently low inflation in Brazil are likely to pave the way for a further reduction in interest rates, the country’s central bank indicated on Tuesday, warning that global economic conditions appear to be deteriorating.

• Wednesday, September 25th 2019 - 09:04 UTC

  Brazilian farmers face the challenge of African Swine Fever impact in China

  

  Chinese commodities trader COFCO said it expects a sharp drop in the number of soybeans it will source for export from Brazil this year due to an outbreak of African Swine Fever (ASF) in China that has hurt demand for animal feed.

• Tuesday, September 24th 2019 - 09:53 UTC

  Argentine biggest bondholders to meet with Treasury Secretary Lacunza

  

  A group of Argentina’s biggest bondholders will meet with the country’s treasury minister in New York this Monday to hear how Latin America’s third-largest economy plans to dig itself out of its latest debt crisis.

• Tuesday, September 24th 2019 - 09:26 UTC

  Argentina Needs Intensive Care

  

  By Anne Krueger (*) - Argentina's President Mauricio Macri knew that he had inherited a sick economy when he took office in 2015, but failed to take his medicine. As a result, the country now has no choice but to face up to a period of painful structural adjustment.

• Tuesday, September 24th 2019 - 09:08 UTC

  Argentine private sector workers given extra payment to compensate for inflation

  

  Argentina's private-sector workers will see their wages topped off by 5,000 pesos (US$ 88) in a one-time non-taxable payment aimed at boosting their buying power amid surging inflation, the Production Ministry said on Monday.

• Tuesday, September 24th 2019 - 07:53 UTC

  With revenue increasing Brazil unlocks budget funds for education and defense

  

  Brazil’s government will free up 12.5 billion reais (US$3 billion) for discretionary spending, the Economy Ministry said in its latest bi-monthly spending and revenue report, as it seeks to ease the pressure on departmental budgets following deep spending freezes this year.

• Tuesday, September 24th 2019 - 07:41 UTC

  Criminal charges against Brazil's mining giant Vale and German safety firm

  

  Brazilian federal police have proposed criminal charges against mining giant Vale and German safety firm Tüv Süd and 13 of their employees over January's deadly dam collapse, reports say.

• Tuesday, September 24th 2019 - 07:32 UTC

  Trump increases pressure on China to buy farm products

  

  U.S. President Donald Trump on Monday questioned a decision by his top trade negotiators to ask Chinese officials to delay a planned trip to U.S. farming regions after trade talks last week, saying he wanted China to buy more American farm products.