Economy

• Wednesday, May 15th 2019 - 20:52 UTC

  African swine fever outbreak in Hong Kong: 6.000 pigs to be culled

  

  Hong Kong will cull 6,000 pigs after African swine fever was detected in an animal at a slaughterhouse close to the border with China, the first case of the disease in the densely populated financial hub.

• Wednesday, May 15th 2019 - 20:00 UTC

  African swine fever extends to fourth South African province

  

  An outbreak of African swine fever, a severe hemorrhagic disease of pigs, has spread to a fourth province in South Africa, the agricultural ministry said on Monday, following a spate of outbreaks last month.

• Wednesday, May 15th 2019 - 09:53 UTC

  Brazil's government cuts economic growth forecast, insists Congress must approve pensions' reform

  

  Brazil’s government will cut its 2019 economic growth forecast to below 2% and seek supplementary funding from state-run BNDES development bank to meet current expenditure and avoid breaking its fiscal rules, Economy Ministry officials said on Tuesday.

• Wednesday, May 15th 2019 - 09:05 UTC

  Trump's “little squabble” with China pinching farmers' pockets and his electoral base

  

  US farmers, who are major exporters of pork and soy, are caught in the middle of President Donald Trump's trade wars. And farmers along with the industries that support them, are also key voters.

• Wednesday, May 15th 2019 - 08:43 UTC

  China reports weaker industrial output and retail sales during April: stimuli round the corner?

  

  China on Wednesday reported surprisingly weaker growth in industrial output and retail sales for April, reinforcing expectations that Beijing needs to roll out more stimulus measures as the trade war with the United States escalates.

• Wednesday, May 15th 2019 - 08:21 UTC

  Services sector activity in Brazil slides 0.7% in March and 1.75% in the first quarter

  

  Activity in Brazil’s services sector fell 0.7% in March from the month before, government statistics agency IBGE said on Tuesday, a decline far greater than expected and another strong sign that the economy contracted in the first quarter.

• Tuesday, May 14th 2019 - 11:12 UTC

  IMF says it can live with another possible government of Cristina Fernandez

  

  The head of the IMF mission currently in Buenos Aires for the fourth review of the economic program signed by the administration of president Mauricio Macri last year, said that the Fund does not fear a possible return of ex president Cristina Fernandez to office.

• Tuesday, May 14th 2019 - 09:50 UTC

  China announces higher tariffs on US produce; Trump expects to meet Xi in June in G20 summit

  

  United States President Donald Trump said on Monday that he would meet Chinese president Xi Jinping next month as the trade war between the world's two largest economies intensified, sending shivers through global markets.

• Tuesday, May 14th 2019 - 09:45 UTC

  Brazil's Real slides past 4.00 to the US dollar as China/US trade dispute escalates

  

  Brazil’s Real weakened past 4.00 per dollar for the first time in three weeks on Monday as an escalation in the U.S.-China trade war sent emerging markets reeling and a weekly snapshot of domestic growth forecasts fell to a new 2019 low.

• Tuesday, May 14th 2019 - 09:43 UTC

  Brazil plans to reduce import tariffs by ten percentage points in four years

  

  Brazil plans to reduce import tariffs by 10 percentage points during the new government’s four-year term, Economy Minister Paulo Guedes said, a move away from the direction currently being taken by countries such as the United States.