Economy

Thursday, July 26th 2018 - 15:18 UTC
Argentine exports prime cuts of beef to Japan

Argentina has shipped its first ever beef exports to Japan. Exporter Fridevi (Frigorífico de Viedma) shipped two hundred kilos of beef prime cuts on Monday, with another 10 tons scheduled for export in the coming days.
Thursday, July 26th 2018 - 06:49 UTC
Ireland warns UK “cannot afford” to leave the EU without a deal; suggests extending deadline

Irish Foreign Minister Simon Coveney has warned that the UK “cannot afford” to leave the EU without a deal. Speaking to the Today Program Mr Coveney described talk of the UK “crashing out of the EU” as “bravado”.
Thursday, July 26th 2018 - 06:02 UTC
Trump and Juncker agree to talk trade and tariffs; German industry remains cautious

A top German industry group gave a cautious welcome to solutions proposed by U.S. President Donald Trump and European Commission President Jean-Claude Juncker to avert a trade war, but warned that U.S. auto tariffs were not completely off the table yet.
Thursday, July 26th 2018 - 05:50 UTC
China calls on BRICS members to uphold multilateralism and reject protectionism

President Xi Jinping called on BRICS members to uphold multilateralism and improve global governance. Trade wars should be rejected because there will be “no winner”, and those who pursue such a course “will only end up hurting themselves,” the Chinese leader said at the BRICS summit in Johannesburg on Wednesday.
Wednesday, July 25th 2018 - 06:25 UTC
Trump pledges US$ 12bn to help farmers hit by trade war with China

The Trump administration on Tuesday said it will use a Great Depression-era program to pay up to US$ 12 billion to help U.S. farmers weather a growing trade war with China, the European Union and others that the president began. It is a clear signal the U.S. President Donald Trump is determined to stick with tariffs as his weapon of choice in the conflict.
Wednesday, July 25th 2018 - 05:51 UTC
Theresa May takes personal control of EU withdrawal negotiations

UK Prime Minister Theresa May has informed Parliament that she is taking personal control of EU withdrawal negotiations, with new Brexit Secretary Dominic Raab “deputizing” for her in talks.
Wednesday, July 25th 2018 - 05:36 UTC
Argentina's stats office data reveals recession is round the corner

Argentina's economy shrank 5.8% in May versus the same month last year, government statistics agency Indec said on Tuesday, the second straight month of declines in a sign of looming recession and a possible GDP contraction in 2018.
Tuesday, July 24th 2018 - 22:01 UTC
China wants a long-last relationship with Brazil in agricultural goods

Reports that China wants a “long-last relationship” with Brazil in terms of trade in agricultural goods and other products received attention in Asian markets. The two countries are ready to take their trade relationship “to new levels” amid an escalation of global trade wars, China's ambassador to Brazil Li Jinzhang said during an agribusiness conference in São Paulo on Monday.
Tuesday, July 24th 2018 - 21:35 UTC
Brazil willing to open its market to farm products: “you have to give something to get something”

Brazil could benefit by offering access to its domestic markets in exchange for opening new foreign markets to its farm products, Agriculture Minister Blairo Maggi said on Monday, pointing to opportunities in the trade of pork and coffee.
Tuesday, July 24th 2018 - 21:27 UTC
Singapore and Mercosur confirm negotiations for a free trade agreement

Mercosur and Singapore have started negotiations for a free trade agreement, officials from both sides announced on Monday on the sidelines of the 13th Pacific Alliance Summit held in Puerto Vallarta, Mexico.