Economy

Wednesday, June 6th 2018 - 08:22 UTC
Boxer Mayweather and Messi, world's top earning athletes, according to Forbes ranking

United States boxer Floyd Mayweather has regained his title in the Forbes rankings of the world's top 100 earning athletes. He earned US$ 275m for his boxing match in August against UFC star Conor McGregor, who is number four on the US business magazine's list.
Wednesday, June 6th 2018 - 08:19 UTC
Brazil's trade surplus in May reached US$ 5.981 billion

Brazil's trade balance recorded a US$ 5.981 billion surplus in May, resulting from US$ 19.224 billion in exports and US$ 13.260 billion in imports, said the Ministry of Industry, Foreign Trade and Services (MDIC).
Wednesday, June 6th 2018 - 07:15 UTC
Mexico announces retaliatory tariffs in US Republican strongholds

Mexico has announced new tariffs on US products in response to Donald Trump's decision to impose steep duties on imports of steel and aluminum. The list includes whisky, cheese, steel, bourbon, and pork. Analysts say the tariffs are designed to hit US Republican strongholds ahead of mid-term elections in November.
Tuesday, June 5th 2018 - 07:50 UTC
Walmart leaving Brazil after 22 years: 80% takeover by Advent

Walmart gave no price for the transaction, in which Advent takes an 80% stake in Walmart Brazil and leaves Walmart with 20%. But the Arkansas-based mega retailer said it would take a US$ 4.5 billion charge on the deal in the second quarter, much of that related to cumulative foreign exchange losses.
Tuesday, June 5th 2018 - 07:20 UTC
Fresh Conservative attacks on Theresa May and her Brexit “negativity”

Theresa May has been hit with fresh Conservative attacks on her leadership as she attempts to steer the UK through Brexit. Former Cabinet Minister Priti Patel accused the Prime Minister and Chancellor Philip Hammond of “negativity” as they attempt to lead the country out of the European Union.
Tuesday, June 5th 2018 - 06:56 UTC
IMF/Argentina talks “very constructive”; growth estimate falls to 1.3% from 2.5%

The International Monetary Fund said on Monday that talks with Argentine authorities for financial support are well advanced and the plan is driven by Argentina priorities with a particular focus on protecting the most vulnerable.
Monday, June 4th 2018 - 08:57 UTC
Trade deal falls warns China, if US insists with imposing more tariffs

China said on Sunday it wouldn’t step up its purchases of United States products if President Donald Trump goes ahead with his threat to tax billions of dollars’ worth of Chinese imports. White House advisers insisted on fundamental changes in ties between the world’s two biggest economic powers.
Monday, June 4th 2018 - 08:49 UTC
Colombia renews flexible credit line of US$ 11.4bn with IMF

In a continuation of a previous arrangement, the International Monetary Fund (IMF) has approved Colombia for a flexible credit line of US$ 11.4 billion. The new two-year arrangement replaces the pre-existing credit line, which has now been cancelled. Colombia will continue to see the funds as precautionary to be used only in if economic conditions worsen due to an external shock or other emergency, according to the IMF.
Monday, June 4th 2018 - 08:13 UTC
Brazilian manufacturing activity slows down for second month in May

The growth of manufacturing activity in Brazil slowed for a second straight month in May, a private survey showed on Friday, a sign that a weaker currency and political uncertainty are taking a toll on Latin America's largest economy.
Monday, June 4th 2018 - 07:45 UTC
Mercosur/EU begin new fresh round of trade talks: Geographical Indications high in the list

Mercosur and the European Union begin a fresh round of trade talks this week with renewed optimism that negotiators may be nearing an accord after almost 20 years of talks. Since trade negotiations with the United States were frozen after Donald Trump's 2016 presidential election victory, the European Union has turned its focus to other large economies and has already struck agreements with Japan and Mexico.