Economy

Tuesday, April 4th 2017 - 07:32 UTC
Trump administration begins to cut UN funding: UNFPA first target

United States has withdrawn funding for the United Nations Population Fund (UNFPA), an agency that promotes family planning in more than 150 countries. The state department said the UNFPA “supports or participates in the management of a program of coercive abortion or involuntary sterilization”.
Monday, April 3rd 2017 - 13:52 UTC
Brazil rapidly becoming global supplier of light crudes

Brazil is poised to sharply increase oil exports this year as heavy investments spur new output and demand for its lighter crudes win more buyers, especially in China and India. Production is projected to rise 210,000 barrels per day (bpd) in 2017, second only in the size of additional supply to the United States among non-OPEC producers.
Monday, April 3rd 2017 - 13:39 UTC
Mexico planning to purchase Brazilian rice ahead of a clash with Trump over a Nafta review

A move announced recently by Mexican diplomats may be a precursor of what could be happening in the coming months with the trading of major commodities involving the country’s trade war talks with the U.S.
Monday, April 3rd 2017 - 13:27 UTC
Irish farmers want meat removed from Mercosur/EU trade talks

The Irish Farmers’ Association (IFA) is pushing to have meat removed from the proposed trade deal between Europe and Mercosur in the wake of Brazil’s meat scandal. The move could scupper the entire trade deal given the importance of the meat industry to Brazil, Argentina, Uruguay and Paraguay.
Sunday, April 2nd 2017 - 06:02 UTC
Trump will host Xi at his Florida resort April 6/7; anticipates “difficult meeting”

United States President Donald Trump will meet with his Chinese counterpart Xi Jinping for the first time on April 6-7 at Trump's Florida resort, China's Foreign Ministry announced, amid a range of pressing issues including trade, North Korea and territorial disputes in the South China Sea.
Saturday, April 1st 2017 - 08:37 UTC
Falklands begins process for new port facilities to support economic growth

The Falkland Islands has approved the commencement of work that will lead to the delivery of new port facilities to support economic growth into the next decade. According to a release from the Falklands elected government, the new work will build on the substantial previous studies completed in 2012 and 2014, which investigated the viability of various sites, and resources are expected to be allocated during the 2017/18 budget process.
Friday, March 31st 2017 - 22:42 UTC
JBS meat packers suspends production in 10 of 36 beef facilities

JBS SA, the world’s largest meat packer, has suspended production at 10 plants in Brazil. The action comes as the company works to rebound from the fallout of an anticorruption investigation launched by the Federal Police in Brazil.
Thursday, March 30th 2017 - 15:39 UTC
Deutsche Bank reaffirms commitment with the City of London

Deutsche Bank has committed to moving to a new office in London, at a time when banks are assessing their place in the capital ahead of Brexit. Germany's biggest lender is in exclusive talks for a 25-year lease on a new building.
Thursday, March 30th 2017 - 10:37 UTC
Chile Day in London next June; UK ambassador underlines importance of free trade

The announcement that Chile Day will take place in London in June 2017 is good for the United Kingdom and for Chile, boosting trade and investment between our two nations, said British ambassador in Santiago, Fiona Clouder, who made it a point to praise the significance of free trade.
Thursday, March 30th 2017 - 09:56 UTC
Brazilian tainted meat: minister believes “the worst of the process is over”

Worldwide markets have been slamming their doors on Brazilian meat since revelations that rotten product was being sold with faked certificates, but the agriculture minister said Thursday “the worst of the process is over.”