Industries and markets

Argentina’s economy lifting out of recession: activity rises in May for the first time in a year

“The 2.6% rise versus the same month a year ago topped even the most optimistic estimates from analysts, and broke a run of 12 consecutive months of falling economic activity.”

China/Brazil meeting: “pragmatism will prevail” anticipate Bolsonaro hard liners

“Both sides are looking to strengthen a relationship that only months ago many had feared could rupture under newly-elected Bolsonaro, especially in the face of growing US-China trade tensions.”

Anti-corruption hero or villain? Brazil’s Moro and the media

“Moro is facing a scandal of his own which demolishes his reputation as an anti-corruption crusader, scrubbing Brazil clean of corruption.”

HIV Vaccine to be Tested on Humans for the First Time in Brazil

“An HIV vaccine will be tested for the first time in Brazil and seven more countries in America and Europe in 2019.”

Teheran threatens to cut Brazilian imports if Iranian vessels are not refueled

“Iran’s ambassador in Brasilia, Seyed Ali Saghaeyan, told Brazilian officials that his country could easily find new suppliers of corn, soybeans and meat if the South American country refuses to permit the refueling of the

Chilean lawmakers abolish law requiring Codelco to finance military

“The legislation replaces a 1958 law, strengthened during the dictatorship of Augusto Pinochet, that required Codelco to turn over 10 percent of its export sales to the military.”

Brazil Secures Santander’s Gains With 29 Percent of Global Profit

“Banco Santander has decided to cut profits from the first half of the year to finance the Redundancy Plan (known as the ERE) agreed with the Spanish unions that will result in the dismissal of

Brazil’s Petrobras Sells 35 Percent of its Service Station Chain for US$2.5 Billion

“Petrobras has sold, on Wednesday, July 24th, 35 percent of Brazil’s biggest service station chain, BR Distribuidora, for US$ 2.5 billion (R$ 9.6 billion), to 160 investors from different countries, such as the United Kingdom,

Bolsonaro plans to visit China and Arab countries next October

“Bolsonaro’s promise to move the Brazilian embassy in Israel to Jerusalem from Tel Aviv, following the steps of US President Donald Trump, has rattled Brazil’s relationship with Arab countries, which are a major destination for

Colombia could spend $1 billion on new air force planes

“Colombia is examining proposals from the United States, Spain and Sweden as it look to replace its aging military aircraft, the South American country’s air force said on Tuesday.”