Economy

Thursday, April 4th 2019 - 09:46 UTC
Argentine soybean farmers sign delayed-price contracts hoping for a US/China trade deal and higher prices

Soybean growers in Argentina are playing a waiting game, wagering on better prices ahead as the U.S. and China inch toward a trade deal and as nation’s currency keeps depreciating. Farmers on the Pampas arable belt have signed delayed-price contracts for almost three quarters of the 12.2 million metric tons they’ve sold to crushers and exporters so far, according to government data. That compares with 60% at the same stage last year.
Thursday, April 4th 2019 - 09:43 UTC
Argentina requests waiver ahead of IMF's third review to further release funds

Argentina has requested a waiver from the International Monetary Fund as some data would not be available in time for the fund's third review this week of US$ 56.3 billion in standby financing agreed last year, a Treasury spokesman said on Wednesday.
Thursday, April 4th 2019 - 09:41 UTC
Petrobras finally shows positive results and with strong growth prospects

Petrobras has finally announced a positive annual result, five years after the Lava Jato corruption probe left the Brazilian state-controlled company with spiraling debts. The firm closed the year with a US$ 25.8bn net profit, the highest figure in seven years, and a total of R$20.2bn (US$ 5.27bn) in asset sales.
Thursday, April 4th 2019 - 09:37 UTC
Outbreak of African swine fever in China, a great opportunity for pork producers

Brazil is in a position to step up pork exports to China where an African swine fever outbreak has become a “transformational event” for the global meat industry, Pedro Parente, chief executive of Brazilian food processor BRF SA, said on Wednesday.
Thursday, April 4th 2019 - 09:34 UTC
Combative exchanges as Brazilian congress debates the pensions' system reform

Brazilian Economy Minister Paulo Guedes on Wednesday put up a vigorous defense of the government’s proposed pension reform, insisting it is critical to fixing the country’s “doomed” social security system but opening the door to some concessions.
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.