Economy

Wednesday, May 29th 2019 - 09:06 UTC
International capital inflow to Brazil exceeds forecasts

Brazil posted a surprise current account deficit in April, central bank data showed on Monday, although as a share of national economic output Brazil's balance of payments shortfall with the rest of the world is showing signs of stabilizing.
Tuesday, May 28th 2019 - 09:47 UTC
Brazil's Guedes insists he will step down if the pensions reform is not approved by Congress

Brazil’s Economy Minister Paulo Guedes threatened to step down if his ambitious plans to overhaul the country’s social security system are watered down and diluted into what he called a “little reform.”
Tuesday, May 28th 2019 - 09:47 UTC
Rationing, long queues and empty shelves in Cuba as the economy heads to recession

As long lines outside shops with mostly bare shelves are increasingly common in Cuba, and the government has indeed signaled that things are going from bad to worse, Havana is blasting president Donald Trump's administration for the hardship and misery.
Tuesday, May 28th 2019 - 09:35 UTC
IMF contradicts Trump: US companies and consumers are paying for the higher tariffs on Chinese imports

Companies in the United States are paying almost all the costs from tariffs on Chinese imports, International Monetary Fund (IMF) researchers said in findings that contradict US President Donald Trump's assertions that China is footing the bill.
Monday, May 27th 2019 - 05:52 UTC
Trump announces US$ 16billion to help farmers caught in the US/China trade dispute

US President Donald Trump unveiled a new US$16 billion aid package to help farmers caught in the crossfire of his trade war with China. “The farmers have been attacked by China,” Trump told reporters at the White House. “We're going to help out our farmers and we're giving them that level playing field that is so important.”
Monday, May 27th 2019 - 05:38 UTC
“Positive” cruise season for Punta Arenas; planning a 34% increase for 2019/20

For Punta Arenas, extreme south of Chile, this last cruise season was “positive” while the coming 2019/20 is expected to be even better with some 130 calls and over 94.000 passengers with an estimated increase of 34%, according to Patricia Lopez Manieu, General Manager of the Austral Ports Company, EPA, from Punta Arenas.
Monday, May 27th 2019 - 03:32 UTC
New setback for Argentina's economy shown in leading report

Argentina's beleaguered industrial activity fell 10.3% in April due to the peso's devaluation coupled with rampant inflation, the Argentine Confederation of the Medium-Size Company (CAME) reported over the weekend.
Sunday, May 26th 2019 - 21:12 UTC
Judgment to the former administrators of Pescanova considered responsible for fraudulent bankruptcy

The Fourth Section of the Criminal Chamber of the National Court will judge the old Pescanova former administrators for making up the accounts of the company as of December 2, with the prospect that more than 40 sessions will be held and the procedure will be seen for sentencing in March 2020, as specified in the oral trial notice to which Europa Press has had access.
Friday, May 24th 2019 - 20:42 UTC
Xi Jinping praises Sino-Brazilian partnership

Chinese President Xi Jinping Friday highlighted Brazil's commitment to developing the comprehensive strategic partnership between the two countries as he met with the South American country's Vice President Hamilton Mourao at the Great Hall of the People in Beijing to bolster binational ties.
Thursday, May 23rd 2019 - 09:57 UTC
Markets in the red on Wednesday over concerns with China-US trade dispute

US stocks fell back into the red on Wednesday, putting equities down for three of the last four sessions as investors reacted to reports of possible new US-China trade frictions.