China has suspended meat imports from four Australian abattoirs, fuelling concerns that escalating tensions between the two nations are damaging Australia's most important trading relationship.
Global trade growth is on track to slide further the first quarter of 2019, the World Trade Organization said. WTO in September said it expects world merchandise trade growth will slow to 3.7% this year down from 3.9% in 2018.
Petrobras has unveiled plans to invest US$ 84.1bn in deepwater exploration and production projects in Brazil, as well as raise $27bn through asset sales and partnerships by 2023. Around US$ 69bn of the planned investment will be channelled into the development of production in the pre-salt areas. Other key focus areas of investment include refining, transportation, trading, and natural gas and petrochemicals.
The International Monetary Fund Managing Director Christine Lagarde, speaking at a news conference in New York alongside Argentine Economy Minister Nicolas Dujovne, said IMF was “significantly frontloading” disbursements under the program adding the Argentine central bank had agreed as part of the deal to allow the peso currency to float freely and would only intervene in the foreign exchange market in extreme circumstances.