Economy

Friday, July 12th 2019 - 12:06 UTC
Brazilian Lower House supports Bolsonaro's pension reform bill

Brazil's President Jair Bolsonaro scored a partial parliamentary victory this week folllowing the first round approval by the Lower House of the pension reform bill, which also meant a severe blow to the country's waning left.
Friday, July 12th 2019 - 10:26 UTC
The IMF will release another $ 5.4 billion today for Argentina

Mauricio Macri’s Government must guarantee that with the new disbursement in favor of Argentina for USD 5.4 billion that the International Monetary Fund (IMF) will sign this Friday will comply with all the deadlines agreed for this year. This new disbursement is given after the approval of the quarterly goals to March by the technical staff of the fund.
Thursday, July 11th 2019 - 20:16 UTC
Falkland Islands: Brazil flight indicative fares “extremely competitive”

“Extremely competitive” is how MLA Barry Elsby, speaking to Penguin News this week, described indicative fares for the new flight to Sao Paulo from the Falklands, beginning November 6.
Thursday, July 11th 2019 - 19:39 UTC
Cooperation agreement between Argentina, Japan launched

Japan's International Cooperation Agency (JICA) Wednesday launched its “One Village, One Product” (OVOP) project in Argentina, which is designed to encourage social development in the provinces of Catamarca, Misiones, Chaco, Salta and Buenos Aires, it was announced.
Tuesday, July 9th 2019 - 10:07 UTC
Brazil ready for decisive voting on pension reform bill

Brazilian House speaker Rodrigo Maia said over the weekend he expects the lower Congressional House to begin voting on the pension reform bill this Tuesday. After a meeting with Congressional leaders on Saturday in Brasilia, Maia said he will begin discussing the bill with party leaders on Monday and expects voting to begin late on Tuesday.
Tuesday, July 9th 2019 - 09:44 UTC
Mercosur/EU trade agreement very positive for the Brazilian meat industry

A trade deal between the European Union and South America’s Mercosur bloc of countries could facilitate other agreements and open up new markets for Brazil’s massive beef-packing industry, a trade group said.
Monday, July 8th 2019 - 20:26 UTC
Brazil hopes to expand chicken and pork sales to EU bases on the deal with Mercosur

A historic trade deal between the European Union and Mercosur last week is lifting expectations for Europe’s next mission to evaluate Brazilian chicken plants, an industry group said on Friday.
Monday, July 8th 2019 - 20:21 UTC
Brazilian auto exports expected to plunge because of Argentina's recession

Brazilian vehicle exports to Argentina are expected to plunge this year, and the industry could face threats from rising imports following a free trade agreement between the European Union and Mercosur, a major industry body said.
Monday, July 8th 2019 - 08:39 UTC
Deutsche Bank plans to cut one in five jobs, some 18.000 employees

Deutsche Bank plans to cut 18,000 jobs in a sweeping, €7.4 billion overhaul designed to turn around Germany's struggling flagship lender The plan represents a major retreat from trading by Deutsche Bank, which for years had tried to compete as a major force on Wall Street.
Sunday, July 7th 2019 - 11:17 UTC
WWF warns on “super fires” afflicting Europe and calls for forestry management

Global conservation group World Wildlife Fund (WWF) warned on Thursday of the risks from new faster-spreading “super fires” in the wake of heat waves and droughts that have been afflicting Europe in what many see as a symptom of climate change.