Economy

Thursday, April 4th 2019 - 09:30 UTC
Brazilian economy picking up but employment remains flat

Growth in Brazilian economic activity picked up to its strongest in over a year in March, driven by solid increases in domestic new orders across both the manufacturing and services sectors, IHS Markit Insight said on Wednesday.
Wednesday, April 3rd 2019 - 08:43 UTC
Rockhopper cuts losses and is progressing on Falklands' oil field development

Rockhopper Exploration PLC on Tuesday said its loss narrowed in 2018 as it progresses on field development in the Falkland Islands. The oil & gas exploration and production company's loss narrowed in 2018 to US$ 7.1 million from US$ 9.0 million a year before, as revenue climbed to US$ 10.6 million from US$ 10.4 million.
Wednesday, April 3rd 2019 - 08:40 UTC
May will ask EU for another Brexit delay, and offers to work with Corbyn to break parliament logjam

Prime Minister Theresa May said on Tuesday she would ask the EU to delay Brexit again to avoid Britain crashing out of the bloc next week, signaling she could accept a closer relationship with Europe to break months of political deadlock.
Wednesday, April 3rd 2019 - 08:39 UTC
Brazil posts lower trade surplus in March with a strong rise in imports

Brazil posted a trade surplus of US$ 4.99 billion in March, the Economy Ministry said, significantly smaller than the same month a year ago thanks to a strong rise in imports. The trade surplus last month fell 22.3% to US$ 4.99 billion from US$ 6.42 billion a year ago, although that was up more than a third from February’s surplus of US$ 3.67 billion.
Wednesday, April 3rd 2019 - 08:33 UTC
Spanish bank cautious about Brexit but confident of solid growth in Latin America

Spanish bank Santander is expected to take a cautious stance on its British business in a strategy update on Wednesday, seeking to reassure investors after its aborted recruitment of former UBS banker Andrea Orcel as CEO.
Tuesday, April 2nd 2019 - 09:50 UTC
Sales of new cars in Argentina crash 50% in first quarter of the year

Sales of new cars in Argentina collapsed by almost 50% in the first quarter of 2019, the Association of Automobile Dealers of Argentina (ACARA) said Monday. Sales fell by 49.5% in the year-on-year comparison, with purchases down 50.4% in March year-on-year too, said ACARA.
Tuesday, April 2nd 2019 - 06:35 UTC
Argentina authorizes early opening of squid season north of parallel 44

Argentina's Federal Fisheries Council (CFP) decided to authorize the early opening of the northern squid sector, as it has been the case since 2016 on recommendations from the National Fisheries Research and Development Institute (INIDEP).
Monday, April 1st 2019 - 09:00 UTC
Another Vale mining dam collapsed: no deaths reported and “no contamination”

Brazil has suffered another mining dam collapse, though this time there are no reports of dead or missing. The Rondonia state environment secretary says the dam in Oriente Novo gave way after a waterspout damaged its structure on Friday.
Monday, April 1st 2019 - 08:55 UTC
Trump cuts aid to Central American countries to stop immigration to the US

United States opposition politicians and aid agencies have questioned a decision by President Donald Trump to cut off aid to three Central American states. Mr. Trump ordered the suspension of aid payments to El Salvador, Guatemala and Honduras to push their governments to stop migration into the US.
Monday, April 1st 2019 - 08:44 UTC
Petrobras interested in tendering to explore for oil and gas offshore Israel

Brazilian state-run oil firm Petrobras is considering bidding in a new tender to explore for oil and gas offshore Israel, a leading Israeli financial news website reported on Sunday. Calcalist reported that a final decision could be announced during a four-day visit to Israel by Brazilian President Jair Bolsonaro that began on Sunday.