Economy

• Friday, March 12th 2021 - 13:20 UTC

  Brazilian record pork exports in first two months; China the main market

  

  Brazilian pork exports (fresh and processed) recorded a 20.3% increase in February, totaling 81,100 tons compared to 67,400 tons registered in the same period in 2020. Revenues from sales in February totaled US$ 185.7 million, 19.9% ​​higher than the second month of 2020 when sales reached US$ 154.9 million.

• Friday, March 12th 2021 - 10:08 UTC

  Argentina promises Bolivia's incorporation to Mercosur for the next bloc's summit

  

  Argentina pledged on Thursday to manage Bolivia's entry into Mercosur, after both countries relaunched their trade relationship during the official visit of the Argentine Foreign Minister, Felipe Solá, who sees the need to approve the full entry of the Andean country at the next Mercosur summit to be held on March 26.

• Friday, March 12th 2021 - 09:06 UTC

  Brazilian congress passes US$ 8 billion bill to help millions of poor families

  

  Brazil's lower house of Congress approved the basic text of a bill on Thursday that revives a federal cash transfer program to help millions of poor families whose incomes have been hit by the COVID-19 pandemic.

• Thursday, March 11th 2021 - 09:07 UTC

  Great victory for Biden: on Friday he signs the US$ 1,9 trillion American Rescue Plan

  

  Great victory for president Joe Biden: US Congress on Wednesday passed the enormous Covid-19 economic relief package --the greatest support program since the end of World War II--, which will inject billions to families and businesses.

• Wednesday, March 10th 2021 - 09:55 UTC

  Austrian coalition will block EU/Mercosur trade accord if it goes against the European Green Deal

  

  Austria’s coalition government has confirmed it will block the landmark EU-Mercosur trade agreement – which should create the biggest free-trade area in the world – saying it goes against the EU’s environmental ambitions set out in the European Green Deal.

• Wednesday, March 10th 2021 - 08:49 UTC

  Chinese foreign trade booming in the first two months of 2021

  

  China's total goods imports and exports expanded 32.2% year on year to 5.44 trillion Yuan (some US$ 838.16 billion) in the first two months of 2021, sustaining growth momentum in previous months, official data showed. Exports jumped 50.1% while imports rose 14.5% in Yuan terms, according to the General Administration of Customs (GAC).

• Wednesday, March 10th 2021 - 08:46 UTC

  Global economy forecasted to grow 5,6% this year if vaccination rollout is effective

  

  Global gross domestic product (GDP) will grow at 5.6% this year if vaccination rollout is fast and effective enough across the world, the Organization for Economic Cooperation and Development (OECD) said Tuesday in its Interim Economic Outlook.

• Wednesday, March 10th 2021 - 08:34 UTC

  Inflation in China falls 0,2% in February; pork prices drop 14,9% year on year

  

  China's consumer price index (CPI), a main gauge of inflation, fell 0.2% in February from a year earlier, paving the way for China's steady economic recovery in the post-COVID era as the price trend kept stable, according to the National Bureau of Statistics, NBS.

• Tuesday, March 9th 2021 - 09:51 UTC

  Oil heading for US$ 70 a barrel on OPEC+ latest decision to retain output cuts

  

  Oil is heading toward US$ 70 a barrel after OPEC+ chose not to relax supply curbs even as the global economy pulls out of its pandemic-driven slump, confounding widespread expectations the group would loosen the taps.

• Saturday, March 6th 2021 - 09:59 UTC

  World Bank approves US$ 420 million loan to Argentina for sanitation and housing

  

  The World Bank Board of Directors approved a US$ 300 million loan to expand and improve water and sanitation services in Metropolitan Buenos Aires, particularly in the most vulnerable areas. An additional US$ 120 million will be available for the construction of social housing, benefiting nearly 10,000 inhabitants of Buenos Aires Province.