Economy

• Thursday, July 4th 2019 - 16:54 UTC

  Brazil anticipates more trade accords following on the Mercosur/EU deal

  

  Brazil’s Foreign Minister Ernesto Araujo said on Wednesday that he expects two new trade deals to be signed between the trade bloc Mercosur and other regions in the second half of 2019, hailing a new era of openness in Brazil.

• Thursday, July 4th 2019 - 09:43 UTC

  UK returned 1.400 tons of Brazilian poultry contaminated with salmonella

  

  The Brazilian government confirmed on Wednesday that Britain had sent back to Brazil 16 containers of poultry due to the presence of salmonella in the shipments. According to Agriculture Minister Tereza Cristina Dias, the shipments totaled 1,400 tons of poultry, which were returned over a 15-month period.

• Thursday, July 4th 2019 - 08:02 UTC

  Brazil's currency Real turned 25 this month, a true feat for a country whipped for decades with inflation

  

  Brazil’s Real turned 25 years on Monday, July first. It’s already the longest circulating currency in the contemporary history of Brazil, having achieved this feat without fanfare in 2018 when it surpassed the cruzeiro.

• Thursday, July 4th 2019 - 07:52 UTC

  Brazilian trade secretary praises Bolsonaro for the Mercosur/EU trade deal

  

  Brazil's Foreign Trade Secretary Marcos Troyjo says that Jair Bolsonaro's government was decisive in pulling off the free trade agreement between Mercosur and the European Union.

• Wednesday, July 3rd 2019 - 14:20 UTC

  Lee Iacocca, creator of the Mustang and who saved Chrysler from bankruptcy dies at 94

  

  Lee Iacocca, the car industry legend who created the iconic Ford Mustang and saved Chrysler from bankruptcy, has died at the age of 94. He died at his home in Los Angeles from complications from Parkinson's disease, a family spokeswoman told US media.

• Wednesday, July 3rd 2019 - 13:12 UTC

  Hake, squid and scallops will access EU free of tariffs as soon as deal with Mercosur becomes effective

  

  Fisheries exports from Mercosur member countries which now face tariffs ranging from 8% to 15% in the European Union will see them gradually disappear during a seven-year period, according to the terms of the wide-ranging strategic trade and cooperation agreement signed this week between the two blocks.

• Wednesday, July 3rd 2019 - 09:40 UTC

  Brazil estimates trade surplus this year to reach US$ 56.7 billion

  

  Brazil’s Economy Ministry on Monday raised its projection for the country’s trade surplus this year to US$56.7 billion from US$50 billion but warned that trade activity will decline due to slowing global economic growth.

• Wednesday, July 3rd 2019 - 09:38 UTC

  Lagarde's departure thrusts the IMF into an unanticipated search for a new leader

  

  The nomination of Christine Lagarde as European Central Bank president on Tuesday has thrust the International Monetary Fund into an early, unanticipated search for a new leader amid a raging trade war that has darkened the outlook for global growth.

• Wednesday, July 3rd 2019 - 09:23 UTC

  Brazilian manufacturing sector picks up during the second quarter

  

  Brazil's manufacturing sector ended the second quarter on a stronger footing, avoiding slipping into contraction territory in June and breaking a three-month run of slowing growth, a survey of purchasing managers' activity on Monday showed.

• Tuesday, July 2nd 2019 - 11:54 UTC

  New York after Facebook for alleged discriminatory advertising platforms

  

  New York Governor Andrew Cuomo on Monday ordered the U.S. Department of Financial Services to investigate reports that state-regulated advertisers were using Facebook Inc's advertising platform in a discriminatory manner.