Economy

Wednesday, July 3rd 2019 - 14:20 UTC
Lee Iacocca, creator of the Mustang and who saved Chrysler from bankruptcy dies at 94

Lee Iacocca, the car industry legend who created the iconic Ford Mustang and saved Chrysler from bankruptcy, has died at the age of 94. He died at his home in Los Angeles from complications from Parkinson's disease, a family spokeswoman told US media.
Wednesday, July 3rd 2019 - 13:12 UTC
Hake, squid and scallops will access EU free of tariffs as soon as deal with Mercosur becomes effective

Fisheries exports from Mercosur member countries which now face tariffs ranging from 8% to 15% in the European Union will see them gradually disappear during a seven-year period, according to the terms of the wide-ranging strategic trade and cooperation agreement signed this week between the two blocks.
Wednesday, July 3rd 2019 - 09:40 UTC
Brazil estimates trade surplus this year to reach US$ 56.7 billion

Brazil’s Economy Ministry on Monday raised its projection for the country’s trade surplus this year to US$56.7 billion from US$50 billion but warned that trade activity will decline due to slowing global economic growth.
Wednesday, July 3rd 2019 - 09:38 UTC
Lagarde's departure thrusts the IMF into an unanticipated search for a new leader

The nomination of Christine Lagarde as European Central Bank president on Tuesday has thrust the International Monetary Fund into an early, unanticipated search for a new leader amid a raging trade war that has darkened the outlook for global growth.
Wednesday, July 3rd 2019 - 09:23 UTC
Brazilian manufacturing sector picks up during the second quarter

Brazil's manufacturing sector ended the second quarter on a stronger footing, avoiding slipping into contraction territory in June and breaking a three-month run of slowing growth, a survey of purchasing managers' activity on Monday showed.
Tuesday, July 2nd 2019 - 11:54 UTC
New York after Facebook for alleged discriminatory advertising platforms

New York Governor Andrew Cuomo on Monday ordered the U.S. Department of Financial Services to investigate reports that state-regulated advertisers were using Facebook Inc's advertising platform in a discriminatory manner.
Tuesday, July 2nd 2019 - 09:49 UTC
ITUC: “IMF program in Argentina has failed to deliver on its promises”

One year since its start, it has become clear that the IMF program in Argentina has failed to deliver on its promises to fix the economy while protecting the most vulnerable. Despite the worsening economy, large human costs, and a significant downward adjustment of growth projections, the IMF is doubling down on its austerity approach and requiring additional spending cuts to meet budget targets.
Monday, July 1st 2019 - 09:58 UTC
Bolsonaro: EU/Mercosur agreement will take at least three years to come into force

Brazilian President Jair Bolsonaro said on Sunday that it could take up to three years for the free-trade deal agreed by the European Union and Mercosur to come into force, as it depends on approvals by lawmakers of all countries involved.
Monday, July 1st 2019 - 08:54 UTC
EU leaders can´t agree on the European Commission's top jobs

EU leaders are meeting in Brussels in a new effort to decide who should get the EU's top jobs, including a successor to Commission chief Jean-Claude Juncker. Centre-right leaders from the EU's biggest political group played down the chances of agreement on Sunday on a new Commission president.
Saturday, June 29th 2019 - 09:56 UTC
“Now I only have to recover Malvinas” says Argentine foreign minister after the milestone Mercosur/EU accord

“Now I only have to recover the Malvinas Islands” said Argentine foreign minister Jorge Faurie, following the trade and association agreement reached on Friday in Brussels between Mercosur and the European Union.