Economy

Friday, July 26th 2019 - 09:59 UTC
Argentina's economy lifting out of recession: activity rises in May for the first time in a year

Argentina’s economic activity rose for the first time in over a year in May, a rare boost for President Mauricio Macri as he looks to dig the South American country out of a crippling recession ahead of presidential elections later this year.
Friday, July 26th 2019 - 09:53 UTC
Brazil stimulus plan will allow workers to withdraw money from severance fund

Brazil hopes to inject US$ 11.2 billion into its slowing economy after announcing a plan Wednesday to put some extra cash in the pockets of workers. Workers will be allowed to withdraw up to 500 reais (US$ 133) this year and a certain percentage in 2020 from a severance fund that employers are required to pay into.
Friday, July 26th 2019 - 09:44 UTC
YPF hires an LNG tanker to ship Vaca Muerta shale gas to global markets

Argentina's YPF said on Thursday it reached a preliminary agreement with Texas-based Excelerate Energy to hire an LNG tanker for shipping cargoes to global export markets, as the state-backed energy company seeks to offload a growing surplus of shale gas production.
Thursday, July 25th 2019 - 09:16 UTC
Teheran threatens to cut Brazilian imports if Iranian vessels are not refueled

Iran has threatened to cut its imports from Brazil unless it allows the refuelling of at least two Iranian ships stranded off the Brazilian coast, a sign of the global repercussions of U.S. sanctions on the Islamic republic.
Thursday, July 25th 2019 - 05:09 UTC
Frosts in south Brazil will help foreign exporters of wheat

Brazilian wheat imports are poised to increase this year as a frost-damaged part of the crop in key producing regions of Paraná, which accounts for roughly half of the country's output, according to state government agency Deral.
Thursday, July 25th 2019 - 05:08 UTC
Johnson names cabinet: Sajid Javid, finance; Raab. foreign secretary, Priti Patel home secretary

New Prime Minister Boris Johnson sacked most of Britain's cabinet on Wednesday as he took office vowing to get a new divorce deal with the European Union or leave without one by Oct 31. The former London mayor has pledged to break the political deadlock that has left Britain in crisis and forced his predecessor Theresa May to delay Brexit twice.
Thursday, July 25th 2019 - 05:06 UTC
US to compensate a minimum US$ 15 per acre to farmers hurt by trade war with China

The U.S. government will pay a minimum of US$ 15 per acre to farmers hurt by President Donald Trump’s trade war with China under an aid package to be unveiled before the end of the week, Agriculture Secretary Sonny Perdue said.
Wednesday, July 24th 2019 - 01:29 UTC
EIB opens Latam HQs in Colombia with 400 million euro offer in loans

The European Investment Bank (EIB) has opened its Latin American headquarters in Bogota following an agreement signed Monday between Colombian President Iván Duque and EIB CEO Werner Hoyer.
Tuesday, July 23rd 2019 - 15:14 UTC
Finland's UPM will construct a second 2.1 million ton pulp mill in Uruguay

Finland's UPM on Tuesday made the investment decision to construct a 2,1 million ton eucalyptus pulp mill near Paso de los Toros in central Uruguay.
Tuesday, July 23rd 2019 - 09:55 UTC
All ready for Boris Johnson to attempt to overcome the Brexit hurdle

Ballots closed in the race to become Britain's next prime minister on Monday, with the favorite Boris Johnson facing more defections by ministers over his Brexit plan. The country's new leader will take the reins this week and have just three months to attempt to resolve a three-year Brexit crisis that could damage economies on both sides of the Channel and determine the fate of generations of Britons.