United States

Thursday, April 30th 2020 - 07:48 UTC
US economy down 4.8% in first quarter and an “unprecedented” drop forecasted for the second quarter

The U.S. central bank that has already slashed interest rates to zero reiterated on Wednesday they will stay there until the economy is clearly back on track. It has also rolled out around US$ 2 trillion in lending commitments, and Fed chief Jerome Powell said it was ready to do more as needed.
Thursday, April 30th 2020 - 07:41 UTC
Brazil's Minerva confident of boosting beef sales to US and China

Minerva SA, the largest beef exporter in South America, hopes to further boost foreign sales due to potentially scarce supplies in large producing nations like the United States, Chief Financial Officer Edison Ticle said.
Thursday, April 30th 2020 - 07:33 UTC
Trump orders meat processing plants to remain open to protect the food supply

President Donald Trump ordered meat-processing plants to stay open to protect the food supply in the United States, despite concerns about coronavirus outbreaks, drawing a backlash from unions that said at-risk workers required more protection.
Thursday, April 30th 2020 - 07:28 UTC
Fed admits public health situation will “weigh heavily on economic activity, jobs and inflation”

The Federal Reserve on Wednesday left interest rates near zero and repeated a vow to do what it takes to shore up the U.S. economy amid an ongoing coronavirus pandemic that will not only “weigh heavily” on the near-term outlook but poses “considerable risks” for the medium term as well.
Thursday, April 30th 2020 - 05:49 UTC
Biden prepared to announce a bipartisan unity cabinet before the November election

United States Democratic presidential candidate Joe Biden said on Wednesday he would consider announcing the names of some cabinet officials before the election - and that some of the people might be Republicans.
Wednesday, April 29th 2020 - 07:55 UTC
Mercosur beef sales to US on the rise, as American abattoirs are closing amid coronavirus complications

Brazil's giant meatpacker Marfrig Global Foods CEO, Miguel Gularte, said the company has resumed sales of fresh beef to the US following a decision by US authorities to open their market to Brazilian beef. American slaughterhouses have been closing amid coronavirus social distancing rules and this has led to unmet demand within the US.
Wednesday, April 29th 2020 - 07:51 UTC
Major US airlines will implement new health and safety measures to protect crew and passengers

Major US airlines announced this week's new health and safety measures to protect in-flight personnel and passengers from COVID-19, even as states begin lifting restrictions. In a memo to employees, Delta Airlines said that from Tuesday, “all employees and partners” will be required to wear masks in case they cannot maintain social distancing.
Wednesday, April 29th 2020 - 07:50 UTC
Top Democrats Hillary Clinton and Nancy Pelosi endorse Biden's White House bid

Former Democratic presidential candidate Hillary Clinton endorsed Joe Biden's White House bid on Tuesday (Apr 28), saying he is the type of “leader” the United States needs during the current coronavirus crisis.
Wednesday, April 29th 2020 - 07:45 UTC
Millions of Americans have been unable to register for unemployment benefits

Millions of Americans who have been thrown out of work during the coronavirus pandemic have been unable to register for unemployment benefits since the U.S. economy entered a free fall, according to a poll released on Tuesday.
Wednesday, April 29th 2020 - 07:33 UTC
US markets end Tuesday lower on weak consumer data and mixed earnings report

Wall Street stocks finished lower following a choppy session on Tuesday as mixed earnings reports and weak consumer data underscored the economic challenges caused by the coronavirus shutdowns.