Economy

• Saturday, March 23rd 2019 - 09:09 UTC

  UK and US markets tumble on fears of a global slowdown

  

  Markets in the UK and US have tumbled with analysts attributing the drop to growing fears of a global slowdown. The FTSE 100 saw its worst day of trading this year, closing 2% lower. In the US, the three main indexes ended between 1.9% and 2.5% lower.

• Saturday, March 23rd 2019 - 09:06 UTC

  Temer's arrest and military pensions' reform brings down Brazilian stock market and weakens currency

  

  Brazilian stocks fell sharply on Friday as the arrest of the country’s former president, Michel Temer, sparked worries that government debate over key fiscal reforms may be delayed.

• Saturday, March 23rd 2019 - 08:58 UTC

  Brazil's Vale allegedly quashed efforts to audit the dam that killed 300 people

  

  Executives at Vale SA, the world's largest iron ore miner, quashed efforts by Brazilian authorities to audit one of the company's mining dams months before it collapsed and killed over 300 people, a state prosecutor was quoted as saying by news website G1 on Wednesday.

• Saturday, March 23rd 2019 - 07:31 UTC

  Seven countries have launched the Forum for Progress of South America

  

  South American countries on Friday launched the Forum for the Progress of South America (Prosur), a new regional bloc which seeks the “integration and strengthening of the region.”

• Friday, March 22nd 2019 - 09:40 UTC

  Brazil's central bank with new chief leaves rates unchanged; policy is determined “with caution and serenity”

  

  Brazil's interest rates remained unchanged on Wednesday after the central bank held its first monetary policy meeting under its new chief Roberto Campos Neto. The central bank's unanimous decision -- only the second since pro-business President Jair Bolsonaro took power in January on a promise to revive Latin America's biggest economy -- to keep rates at 6.5% was in line with market expectations.

• Friday, March 22nd 2019 - 09:12 UTC

  May manages a Brexit postponement but Parliament must support her deal: “MPs have a clear choice”

  

  Theresa May will return to the UK on Friday to try and convince MPs to support her withdrawal deal after the EU agreed to postpone Brexit beyond 29 March. On Thursday night, after eight hours of talks, EU leaders offered to delay Brexit until 22 May if MPs approve Mrs May's deal next week.

• Friday, March 22nd 2019 - 09:06 UTC

  Bolsonaro wants trade to represent 30% of Brazil's GDP y 2022

  

  The Brazilian government wants trade to represent 30% of the country’s gross domestic product by the end of 2022, with one official saying on Wednesday it will get there on the back of President Jair Bolsonaro’s liberalization plans.

• Friday, March 22nd 2019 - 09:00 UTC

  The Falkland Islands states its position: Preparing for Brexit

  

  On 23 June 2016, the people of the UK and Gibraltar voted by a majority to leave the European Union (EU). In this article the Falkland Islands Government (FIG) sets out what work has taken place since the referendum to prepare the Falkland Islands for Brexit.

• Friday, March 22nd 2019 - 09:00 UTC

  Argentine economy contracted 2.5% in 2018, after shrinking 6.2% in fourth quarter

  

  Argentina’s economy contracted 2.5% in 2018, the official statistics agency said on Thursday, as the Latin American country’s leaders struggle to revive growth after being rattled by a currency crisis and steep inflation over the past year.

• Friday, March 22nd 2019 - 08:52 UTC

  Brazil farm minister not satisfied with US promises of market opening for fresh beef

  

  Brazil’s farm minister said that a U.S. agreement to conduct further inspections on the country’s meatpacking system is a step toward reopening the United States to fresh Brazilian beef, but is not sufficient.