Economy

Friday, August 2nd 2019 - 19:20 UTC
Brazil agrees to review secret Itaipu deal that nearly cost Paraguay's President Abdo his job

Brazilian President Jair Bolsonaro said he was open to reviewing the controversial recent energy agreement with Paraguay, which cost dignataries from the latter country their jobs and left President Mario Abdo Benitez on the brink of impeachment.
Friday, August 2nd 2019 - 09:54 UTC
Brazil already engaged in trade talks with United States, says minister Guedes

Brazil has begun negotiating a trade agreement with the United States, the South American country’s economy minister said, kicking off knotty talks between longstanding competitors whose leaders want closer commercial ties.
Friday, August 2nd 2019 - 09:50 UTC
UK's pro-EU Liberals win seat in by election; Johnson's majority ever so frigale

Britain's pro-European Union Liberal Democrats won the parliamentary seat of Brecon and Radnorshire from the governing Conservatives on Friday, a blow to Prime Minister Boris Johnson in his first electoral test since taking office. The vote was triggered when Conservative lawmaker Chris Davies was ousted by a petition of constituents after being convicted of falsifying expenses.
Friday, August 2nd 2019 - 09:46 UTC
US business lobbies warn extra tariffs will hurt American consumers

President Donald Trump's threat to impose 10% tariffs on the remaining US$300 billion of Chinese imports from Sept. 1 will hurt consumer purchases, raise prices further and limit hiring, four large retail trade groups warned on Thursday.
Friday, August 2nd 2019 - 09:43 UTC
Trump slaps additional 10% punitive tariff on US$ 300 billion of Chinese goods

President Donald Trump announced on Thursday he will hit China with punitive tariffs on another US$300 billion in goods, escalating the trade war after accusing Beijing of reneging on more promises.
Thursday, August 1st 2019 - 15:22 UTC
Barrick Gold to invest 34 million dollars over two years on Argentina's Veladero mine

Canadian mining giant Barrick Gold Corporation, which co-owns the Veladero mine in San Juan together with the Chinese Shandong Gold Group, has announced a plan to invest US $ 34 million over the next two years, to extend the deposit's profitability beyond 2028.
Thursday, August 1st 2019 - 12:56 UTC
Argentine consumers spend significantly less in July

Another strong decline in mass consumption at Argentine supermarkets was reported Wednesday by the Crónica news outlet, which would show a sharp deterioration in purchasing power as a result of President Mauricio Macri's economic policies.
Thursday, August 1st 2019 - 09:36 UTC
South America expected to grow 0.2% in 2019, forecasts CEPAL

Hit by five years of “economic slowdown,” Latin America's economy will grow by barely 0.5% this year, the United Nations economic commission for the region said on Wednesday, well below the 1.3% projected in April.
Thursday, August 1st 2019 - 09:27 UTC
US/China “candid” trade talks, but no breakthrough; next meeting in September in Washington

U.S. and Chinese negotiators ended a brief round of trade talks on Wednesday with little sign of progress and agreed to meet again in September, prolonging an uneasy truce in a year-long trade war between the world’s two largest economies.
Thursday, August 1st 2019 - 09:13 UTC
Brazil's central bank cuts main interest rate to 6%, confident of “reforms' process”

Brazil's central bank slashed interest rates to a record low on Wednesday in response to the worsening outlook for Latin America's biggest economy. The bank cut its main rate to 6% from the previous historic low of 6.5%, which had been unchanged since March 2018.