Economy

• Monday, May 20th 2019 - 10:22 UTC

  Latam posts a US$ 60 million loss in the first quarter: weak Argentine and Brazilian currencies

  

  Chile’s LATAM Airlines, the largest airline in the region, posted a US$ 60 million loss in the first quarter, compared with a US$ 92 million profit in the same period last year, due to a strong U.S. dollar and weak demand from Argentina.

• Monday, May 20th 2019 - 09:58 UTC

  Argentina ready for its first sale of natural gas cargo

  

  Argentina is offering its first-ever liquefied natural gas cargo, putting the nation on the verge of becoming a regular exporter of the fuel. YPF SA, the state-run oil and gas producer, is seeking to sell a partial cargo from the Tango floating liquefaction unit, or FLNG, at Bahia Blanca, according to traders.

• Monday, May 20th 2019 - 09:55 UTC

  ”If Iran wants to fight, that will be the end of Iran”, Trump tells Teheran

  

  President Donald Trump issued an ominous warning to Iran on Sunday suggesting that if the Islamic republic attacks American interests, it will be destroyed.

• Monday, May 20th 2019 - 09:15 UTC

  German government advisor fears another European financial crisis: points to Italy

  

  A senior adviser to the German government fears another European financial crisis could be brewing. Dr. Lars Feld, one of the German Council of Economic Experts, was one of the first last year to warn of a slowdown in Europe's largest economy.

• Saturday, May 18th 2019 - 09:59 UTC

  New North American trade pact closer as US lifts tariffs on steel and aluminum from Canada and Mexico

  

  The United States struck deals on Friday to lift tariffs on steel and aluminum imports from Canada and Mexico, the three governments said, removing a major obstacle to legislative approval of a new North American trade pact.

• Saturday, May 18th 2019 - 09:57 UTC

  Brazilian economy flirting with economy: “we are at the bottom of the well” says minister Guedes

  

  Feeble growth forecasts and waning confidence in President Jair Bolsonaro sent Brazil's stocks and currency to their lowest level of the year this week, as analysts warned of further falls.

• Saturday, May 18th 2019 - 09:48 UTC

  Argentine oil and soybean industries exempt from latest taxes on imports

  

  Argentina will exempt an import tax on goods that are used in the production of exports, such as soybeans and machinery to develop unconventional hydrocarbons in the Vaca Muerta shale play, Treasury Minister Nicolas Dujovne said in a radio interview on Friday.

• Saturday, May 18th 2019 - 08:26 UTC

  Beijing replies to the US via the official media: Washington has “fragile nerves”

  

  The United States has “fabricated” accusations that China forces firms to hand over technology in exchange for market access, China's top Communist Party newspaper said on Saturday, the latest salvo in a bitter trade war.

• Friday, May 17th 2019 - 09:42 UTC

  China not interested in trade talks; Beijing rekindles nationalist resilience during Korean War

  

  China may have no interest in continuing trade negotiations with the United States now, as it sees little “sincerity” in US President Donald Trump's recent approach, according to commentaries run by state media outlets on Friday.

• Friday, May 17th 2019 - 09:29 UTC

  Beijing cancels major pork order from the US; China a leading market for US hog industry

  

  The same week United States President Donald Trump announced sweeping increases on tariffs against Chinese goods, Chinese buyers dropped orders for 3,247 metric tons of US pork - the biggest cancellation in more than a year, according to US Department of Agriculture data released on Thursday.