Economy

Monday, July 29th 2019 - 09:22 UTC
Maduro says Venezuela is open to receive Colombian ex FARC leaders

Venezuelan President Nicolas Maduro on Sunday said two former FARC commanders from neighboring Colombia whose whereabouts are unknown were “welcome in Venezuela,” a statement likely to fuel criticism that he is providing a safe haven for armed groups.
Saturday, July 27th 2019 - 09:52 UTC
Consumers help US economy to remain strong but business investment contracts

US economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy's health.
Saturday, July 27th 2019 - 09:50 UTC
US will not weaken the value of the dollar, says Trump's top economic advisor

The US government will not intervene to weaken the value of the dollar, despite persistent concerns about actions by other countries to influence their currencies, a top White House economic aide said on Friday.
Saturday, July 27th 2019 - 09:43 UTC
Brazil and Beijing get along smoothly: “we never had an issue with China”

Brazilian foreign minister Ernesto Araujo batted away concerns about Brazil's relations with China, its biggest trade partner, during the BRICS summit hosted by Brazil. Many had feared ties could rupture under newly-elected President Jair Bolsonaro, whose previous criticisms of Beijing and fervent admiration of US President Donald Trump are shared by Araujo.
Friday, July 26th 2019 - 10:06 UTC
China/Brazil meeting: “pragmatism will prevail” anticipate Bolsonaro hard liners

Brazil's foreign minister has made clear that there is no love lost for Beijing on his part, but when he sits down with his Chinese opposite for the first time on Thursday analysts expect pragmatism to prevail.
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.