Economy

• Friday, September 6th 2019 - 08:56 UTC

  During Ivanka Trump's visit to Argentina, US announces US$ 400 million investment

  

  The United States has approved a US$400 million highway investment in Argentina as President Donald Trump's eldest daughter Ivanka Trump visits the country on a wider tour of the region.

• Thursday, September 5th 2019 - 20:26 UTC

  Falklands farmers in Uruguay

  

  A FALKLANDS delegation is currently visiting farms in Uruguay. Penguin News asked the group if they would provide an insight into their experience so far.

• Thursday, September 5th 2019 - 20:23 UTC

  World cereal and sugar prices dip in August, but meat is up 12.3% in eight months

  

  Global food prices declined in August, driven by sharp falls in the prices of staple cereals and sugar, according to a report issued today by the Food and Agriculture Organization of the United Nations.

• Thursday, September 5th 2019 - 09:57 UTC

  Argentine markets rebound, despite thousands of protestors in the streets

  

  Argentine markets held steady on Wednesday, even as thousands of protesters took to the streets to demonstrate against the government of President Mauricio Macri and a darkening economic outlook in the recession-hit South American country.

• Thursday, September 5th 2019 - 09:45 UTC

  Brazil soybean sales to China in August down 40% year on year

  

  Brazil shipped 4.1 million tons of soybeans to China in August, down 40% year on year, according to the Secretariat of Foreign Trade of Brazil, or Secex. Though Secex didn’t provide any reason for the sharp drop, but trade sources cited rising competition from Argentina and African swine fever among the reasons for the decline.

• Thursday, September 5th 2019 - 09:44 UTC

  Argentine farmers changing from corn to soybeans to cut costs

  

  Argentine farmers, anxious about an increasingly murky political outlook and economic turmoil, are turning toward soy over more expensive corn to cut costs, a shift that could impact next season’s harvest in one of the world’s top grain exporters.

• Thursday, September 5th 2019 - 09:39 UTC

  Brazilian Senate advancing with pensions' reform; forecasts of promulgation in a month's time

  

  Brazil’s Senate constitutional affairs committee on Wednesday approved by a vote of 18-7 a bill that would overhaul the social security system and save the federal government about 1 trillion reais (US$243 billion) over the next decade.

• Thursday, September 5th 2019 - 09:35 UTC

  Chile's central bank slashes benchmark interest rate to 2% to prop economy

  

  Chile’s central bank slashed the benchmark interest rate by 50 basis points to 2% on Tuesday, the lowest in 9 years, citing a sputtering economy hurt by global trade tensions.

• Thursday, September 5th 2019 - 09:20 UTC

  Lopez Obrador prepared to go after his (corrupt) predecessors and their administrations

  

  Mexican President Andres Manuel Lopez Obrador said the public should have the right to choose whether ex-presidents should face trial once a bill has passed Congress making it easier to hold referendums.

• Thursday, September 5th 2019 - 09:19 UTC

  Soybean plantation in Brazil forecasted to grow at a much lower pace

  

  The area in Brazil to be planted with soybeans in the 2019-20 season, which starts this month, will grow by the slowest pace in 13 years as a global trade war and swine fever in China cloud the outlook for farmers, according to analysts at AgRural.