Economy

• Saturday, August 11th 2018 - 09:53 UTC

  Monsanto loses Roundup weed killer case and will have to pay US$ 289 million

  

  A San Francisco jury on Friday ordered agribusiness giant Monsanto to pay US$ 289 million to a former school groundskeeper dying of cancer, saying the company's popular Roundup weed killer contributed to his disease.

• Saturday, August 11th 2018 - 09:37 UTC

  'K notebooks' corruption: companies won't be punished for what employees may have done

  

  The Argentine government will allow companies whose officials are named in a corruption probe to continue work on existing projects and to bid for new ones. Contracts will be honored and companies won’t be punished for what employees may have done, Transport Minister Guillermo Dietrich said in an interview in Buenos Aires.

• Saturday, August 11th 2018 - 09:13 UTC

  Black Friday for Argentina: dollar climbs 3.86% and sovereign credit risk reaches 700 points

  

  Argentina’s peso closed down 3.86% on Friday and the stock market ended 1.44%, pressured by emerging markets turmoil, particularly in Turkey, and a corruption scandal that has touched some of the country’s top business leaders, traders said.

• Friday, August 10th 2018 - 08:26 UTC

  Brazil farmers criticize law establishing minimum truck freight rates

  

  Brazil’s President Michel Temer signed into law a bill authorizing the government to set minimum truck freight prices, drawing criticism from farm groups who said the measures would drive up costs for food.

• Friday, August 10th 2018 - 07:55 UTC

  Insurance industry predicts a “nightmare scenario” in a no-deal Brexit

  

  A no-deal Brexit would be a “nightmare scenario” for the insurance industry and must be avoided “at all costs” to safeguard the future of the sector, a new report has warned.The report by global law firm Kennedys said that slow progress in Brexit negotiations has forced many insurance companies to draw up – and in some cases implement – plans to move part of their business out of the UK, with Dublin a favored destination.

• Friday, August 10th 2018 - 07:40 UTC

  Caribbean island and BOT Anguilla worries about Brexit

  

  Under the heading of 'The tiny British island of Anguilla worries about Brexit', The Economist addressed the issue of the impact of Brexit on its Overseas Territories, mainly in the Caribbean and particularly in Anguilla, an island whose connectivity is entirely dependent on neighboring territories from France and the Netherlands. There is also a mention to other BOTs, such as the Falkland Islands, and its main exports market, Spain, 'which has a taste for Argentine squid'. And 'it is not clear whether the Falklands will retain tariff-free access to this market once Britain leaves the EU'.

• Friday, August 10th 2018 - 06:51 UTC

  Brazil and Argentina markets hit by domestic and overseas uncertainties

  

  Major Latin American currencies fell against the dollar on Thursday as global trade tensions strengthened the greenback and political uncertainty in Brazil and Argentina. Latin America's largest economy heads into a presidential election in two months time and in Argentina a major corruption scandal is unfolding.

• Thursday, August 9th 2018 - 20:33 UTC

  Brazil's auto exports tumble 21% in July over June: fingers point to Argentina weakness

  

  Brazil's auto exports tumbled 21% in July from a month ago, the country's automakers' association said on Tuesday, blaming a monetary crisis in neighboring Argentina for the shortfall and adding that it expects exports to be steady for the year, not higher as it had predicted before last month.

• Thursday, August 9th 2018 - 13:54 UTC

  Brazilian inflation in July slowing down

  

  Inflation in Brazil slowed for the first time in two months in July as the impact of a May nationwide truckers' strike dimmed, reinforcing the view that a recent price spike would not last long.

• Thursday, August 9th 2018 - 08:40 UTC

  Venezuela oil exports avoid seizures with tankers' transfers at sea and operating from Cuba

  

  Venezuela’s state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil between tankers at sea and loading vessels in neighboring Cuba to avoid asset seizures. But Venezuela is still fulfilling less than 60% of its obligations under supply deals with customers.