Economy

Wednesday, October 9th 2019 - 09:33 UTC
China's state media blasts NBA for endorsing Hong Kong violence and “secessionist pipe dream”

Chinese state media on Wednesday accused the U.S. National Basketball Association (NBA) of endorsing violence and peddling a “secessionist pipe dream” in an escalating row over comments by a team official in support of protests in Hong Kong.
Wednesday, October 9th 2019 - 09:30 UTC
Levi Strauss suffers reduced sales in its main market, the Americas

Levi Strauss & Co reported a 4% drop in third-quarter profit on Tuesday, as the denim apparel maker struggled to grow its wholesale business in the Americas, where it generates most of its revenue. Reduced shipments to off-price stores and the impact of delayed acquisition of a South American distributor drove net revenue down about 3% in the region, the first fall since the 165-year-old company went public in March.
Wednesday, October 9th 2019 - 09:11 UTC
Brexit “revenge”: someone in Britain won Euro Millions jackpot with €190 million

Someone in Britain became €190 million (US$208 million) richer on Tuesday when they won the maximum EuroMillions jackpot, the lottery company announced.
Tuesday, October 8th 2019 - 09:54 UTC
Clashes in Ecuador as big march approaches Quito to protest rising fuel prices

Hundreds of indigenous people and farmers clashed with Ecuadoran security forces on Monday as they marched toward the capital Quito to protest against rising fuel prices.
Tuesday, October 8th 2019 - 09:46 UTC
Higher prices for vegetable oils and meat during September, FAO report

Global food prices were steady in September, as lower sugar prices were offset by increased quotations for vegetable oils and meat. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 170 points in September, virtually unchanged from August and 3.3 per cent higher than in the same month in 2018.
Tuesday, October 8th 2019 - 09:22 UTC
Dry spell blamed for the slowest 2019/2020 soybean planting season in Brazil

Brazilian farmers have planted 3.1% of the estimated soybean area for the 2019/2020 crop, agribusiness consultancy AgRural said on Monday, blaming a lack of rain for the slowest start to the season in six years.
Tuesday, October 8th 2019 - 09:09 UTC
Weaker demand and Argentine situation hit hard Brazilian auto industry

Brazil’s auto industry trade group Anfavea has slashed its forecast for 2019 vehicle production growth to a modest 2.1% from 9% previously, it said on Monday. Anfavea had big plans this year for Brazil’s auto industry, which has been slowly recovering from a significant slump.
Monday, October 7th 2019 - 09:48 UTC
Ecuador in turmoil: shopkeepers arrested for raising food prices while street clashes continue

Ecuadorean authorities began arresting shopkeepers for raising food prices as indigenous groups clashed with security forces on Sunday in the fourth day of protests against President Lenin Moreno's austerity measures.
Monday, October 7th 2019 - 09:47 UTC
Amazon planning a regional data center in Argentina; congress passes bill to attract digital services and nanotechnology

Amazon.com Inc.’s cloud division plans to build a regional data center in a free-trade zone in Argentina, according to Buenos Aires media reports. The Seattle-based company is preparing to invest about US$ 800 million in the project over 10 years and will reap considerable tax benefits by locating the data center in the Bahia Blanca-Coronel Rosales districts of the province of Buenos Aires.
Monday, October 7th 2019 - 09:40 UTC
Russia pledges to help Cuba have access to oil and petroleum products

Russia will find ways to help Cuba get oil and petroleum products, Russian Prime Minister Dmitry Medvedev said in an interview broadcast on Saturday. Medvedev pledged to help develop Cuba’s energy sector during a visit to the island this week but did not announce any short-term measures to provide relief from crippling fuel shortages in the wake of tougher U.S. sanctions.