Economy

• Thursday, August 29th 2019 - 08:42 UTC

  Petrobras privatization: still the crown jewel and needs congressional approval

  

  Brazil's influential finance minister has convinced President Jair Bolsonaro to consider the once-unthinkable step of privatizing state-owned oil company Petrobras , but stiff political opposition could stifle any effort to sell the country's corporate crown jewel.

• Thursday, August 29th 2019 - 08:05 UTC

  Fashion Forever 21 preparing for potential bankruptcy filing, says Bloomberg

  

  Fashion retailer Forever 21 Inc is preparing for a potential bankruptcy filing, Bloomberg reported on Wednesday, citing people with knowledge of the plans.

• Wednesday, August 28th 2019 - 10:04 UTC

  Chile announces US$ 600 million stimulus package to counter mining downturn

  

  Chile's finance minister announced on Monday US$ 600 million in additional stimulus to kick-start the top copper producer's sputtering economy, which has suffered from a downturn in mining and global trade tensions.

• Wednesday, August 28th 2019 - 09:59 UTC

  Macri anticipates that Argentina's inflation will accelerate to 3% in August; country risk reaches 1.990 points

  

  Argentine President Mauricio Macri said that monthly inflation would accelerate to 3% in August following a slump in the peso, as the central bank intervened heavily in the market on Tuesday to prop up the local currency.

• Wednesday, August 28th 2019 - 09:58 UTC

  Canada will continue trade negotiations with Mercosur, despite the current Amazon policy of Brazil

  

  Canada will continue its trade negotiations with Mercosur, the South American trading bloc that includes Brazil, despite demands to call a halt to the talks until more action is taken to protect the Amazon rainforest.

• Wednesday, August 28th 2019 - 09:49 UTC

  Argentina sold US$ 302 million to support the Peso, exceeding an IMF agreement

  

  Argentina's central bank on Tuesday exceeded for the first time a guideline on reserve sales agreed as part of its US$ 57 billion standby agreement with the International Monetary Fund, selling US$ 302 million in the foreign exchange market, traders said.

• Tuesday, August 27th 2019 - 20:55 UTC

  Fernandez tells the mining industry that exports are “the only solution” for Argentina

  

  Argentina's opposition candidate Alberto Fernandez told mining companies and governors from key mining provinces on Monday that exports were “the only solution” for Argentina, his coalition said.

• Tuesday, August 27th 2019 - 20:52 UTC

  IMF meets Argentine opposition leader: “constructive talks”, but the Fund is blamed for the current situation

  

  A team from the International Monetary Fund met on Monday with opposition candidate Alberto Fernandez, the front-runner for October's presidential election, according to a spokesman for Fernandez.

• Tuesday, August 27th 2019 - 11:47 UTC

  Argentina and Brazil replacing US as main soybean suppliers of China

  

  Amid trade tensions with the US, China's July soybean imports from Argentina increased 328% month on month and 269% year on year to 1.07 million metric tons, according to customs data.

• Tuesday, August 27th 2019 - 10:56 UTC

  Argentines fear of a repeat of the “corralitos” of 1989 and 2002

  

  It happened in 1989. It happened in 2002. Argentines who are old enough to remember do not want to go through it again.