Economy

Wednesday, September 18th 2019 - 20:57 UTC
Angry Embraer workers threaten to go on strike in Brazil

Unions representing workers at Brazil's aircraft factory Embraer are ready to go on strike indefinitely strike as salary bargaining seems to be deadlocked. The measure could start as early as next Monday, sources at the company's commercial aircraft plant in São José dos Campos confirmed on Wednesday.
Tuesday, September 17th 2019 - 09:54 UTC
Brazil preparing fiscal reform and considers new value added tax at federal level

Brazilian President Jair Bolsonaro telephoned Economy Minister Paulo Guedes from hospital this week to express his opposition to the creation of a new “CPMF” financial transactions tax, Guedes said on Friday.
Tuesday, September 17th 2019 - 09:51 UTC
US markets in the red following attacks on Saudi oil production

US stocks tumbled into the red on Monday as attacks on Saudi crude production and record jumps in oil prices whipped up investor anxieties about the global economy.
Tuesday, September 17th 2019 - 09:14 UTC
US/China trade talks resume on Thursday but at deputy-level

Deputy-level US-China trade talks are scheduled to start in Washington on Thursday, the US Trade Representative's office said on Monday (Sep 16), paving the way for high-level talks in October aimed at resolving a bitter trade war.
Monday, September 16th 2019 - 09:47 UTC
IMF choice: to unlock or not to unlock the last tranche of funds for Argentina

The International Monetary Fund has a tough choice to make in Argentina: unlock US$5.4 billion in funds under the country’s loan deal as the government strains to stave off default, or hold the money back and risk sparking more market panic.
Monday, September 16th 2019 - 09:10 UTC
China opens its market to more Brazilian meat processing plants

Brazilian beef' packer Marfrig Global Foods SA said it is in the process of hiring 400 people to work at its Promissão plant in the state of São Paulo as Chinese demand warrants an increase in meat production.
Saturday, September 14th 2019 - 21:58 UTC
Google settles tax dispute with France paying almost one billion Euros

US internet giant Google has agreed a settlement totaling €945 million (US$1 billion) to end a tax dispute in France under an agreement announced in court on Thursday. The company will pay a €500 million fine for tax evasion, as well as a further €465 million to settle claims with French tax authorities.
Saturday, September 14th 2019 - 21:56 UTC
ECB slashes rates to its lowest and introduces quantitative easing to stimulate the European economy

The European Central Bank announced a sweeping round of stimulus for the continent's slowing economy, cutting interest rates to their lowest ever level and introducing a round of quantitative easing.
Saturday, September 14th 2019 - 13:03 UTC
Hard-time “Special period” creeping back in Cuba, diesel shortage and long queues

Havana awoke on Thursday to long lines at gas stations and public transportation stops after President Miguel Diaz-Canel warned fellow Cubans to expect fuel shortages and blackouts that he blamed on US sanctions.
Friday, September 13th 2019 - 19:20 UTC
Argentine Lower House unanimously approves draft emergency food law

Argentine lawmakers on Thursday unanimously approved a draft emergency food law to free up resources for social programs amid a worsening economic crisis. The bill, yet to be approved by the Senate, would provide a 50 percent increase in food assistance programs to growing numbers of poor.