Business News Buenos Aires

  • President Donald Trump and Chinese President Xi Jinping agreed this week to meet at the G20 summit in Japan in late June to discuss how to end a nearly year-long trade war. Trade talks between the United States and China broke down in early May when Trump accused Beijing of making a U-turn on commitments to change its laws to enact sweeping economic and trade...

  • The intense rains, which affected the provinces of Buenos Aires- the country's main wheat district- and Entre Ríos, reached to levels as high as 150 millimeters in some areas over the weekend period and on Monday. "There are areas in Entre Ríos and Buenos Aires that were already doing planting work. Buenos Aires and Entre Ríos should make up around 45% of the 6.48...

  • Relations have deteriorated since May when negotiations to end the U.S.-Chinese trade disputes broke down, all but killing off the possibility of an agreement in Japan. "The atmosphere is poisonous," one senior Beijing- based Western diplomat told Reuters, referring to China-U.S. ties. Sources familiar with the matter, including officials and diplomats in...

  • *HK-> Shanghai Connect daily quota used 9.9%, Shanghai-> HK daily quota used 3.5%. June 10- Hong Kong stocks tracked a global rally to end higher on Monday after the United States shelved plans to impose tariffs on Mexico and as global investors hoped for lower U.S. interest rates on the back of lacklustre jobs data. **The United States and Mexico struck a deal on Friday,...

  • Treasury's Mnuchin says Trump-Xi meeting has parallels to Buenos Aires summit. SHANGHAI, June 10- Shanghai stocks closed higher on Monday, snapping a six-session losing streak, as worries over trade tensions eased after an agreement between the United States and Mexico to avert a tariff war, and as weak data boosted stimulus hopes. **The United States and Mexico...

  • MANILA, June 10- Copper prices rose in early Asian trading on Monday following eight straight weekly losses, after Washington struck a deal to avert a tariff war with Mexico, boosting sentiment on trade and helping ease concerns about a global slowdown. *The United States and Mexico struck a deal on Friday to avert a tariff war, with Mexico agreeing to rapidly...

  • FUKUOKA, Japan, June 9- Group of 20 finance leaders on Sunday said that trade and geopolitical tensions have "intensified", raising risks to improving global growth, but they stopped short of calling for a resolution of a deepening U.S.- China trade conflict. After fiery negotiations that nearly aborted the issuance of a communique, finance ministers and central...

  • *G20 finmins reaffirm Buenos Aires trade language-communique. FUKUOKA, Japan, June 9- Group of 20 finance leaders said on Sunday that trade and geopolitical tensions have "intensified", raising risks to improving global growth, but they stopped short of calling for a resolution of a deepening U.S.- China trade conflict. After rocky negotiations that nearly...

  • *G20 finmins reaffirm Buenos Aires trade language-communique. FUKUOKA, Japan, June 9- Group of 20 finance leaders said on Sunday that trade and geopolitical tensions have "intensified", raising risks to improving global growth, but they stopped short of calling for a resolution of a deepening U.S.- China trade conflict. After rocky negotiations that nearly...

  • *G20 finmins to' reaffirm' agreement at Buenos Aires- sources. After rocky negotiations that nearly aborted the issuance of a communique, the finance ministers and central bank governors gathered in Fukuoka, southern Japan, agreed to affirm language on trade issued in Buenos Aires last December, the sources with knowledge of the final communique language said.

  • The Buenos Aires meeting launched a five-month trade truce between the United States and China to allow for negotiations to end their deepening trade war. We reaffirm our leaders' conclusion on trade at the Buenos Aires summit. " Mnuchin described the meeting as having parallels to the two presidents' Dec. 1 meeting in Buenos Aires, when Trump was poised to hike...

  • President Donald Trump and Chinese President Xi Jinping has some parallels with their Buenos Aires summit last December that postponed a tariff hike, U.S. Mnuchin told Reuters in an interview that the U.S.- China trade dispute was at a similar point in December 2018, when Trump and Xi met on the sidelines of a G20 summit, with a U.S. tariff increase about to kick in...

  • Treasury Secretary Steven Mnuchin said on Saturday he would discuss trade issues with People's Bank of China Governor Yi Gang, but the main progress in the U.S.- China trade dispute would take place later this month at a meeting between President Donald Trump and Chinese President Xi Jinping. The Treasury chief likened the meeting, unconfirmed by China, to a...

  • BUENOS AIRES, June 7- Argentina's Neuquen province, site of Vaca Muerta shale play, will grant six new exploration concessions before the end of the year, a local government adviser told Reuters, bringing the country closer to becoming a world oil exporting power. With investments in Vaca Muerta expected to total $27.3 billion over the next four years, Neuquen...

  • BUENOS AIRES, June 6- Brazilian President Jair Bolsonaro said on Thursday the Mercosur bloc of South American countries will soon sign a trade deal with the European Union, and he thanked Argentine President Mauricio Macri for his role in pushing for the commercial pact. In a Facebook Live transmission later on Thursday, Brazilian Economy Minister Paulo...

  • *China says will' fight to the end' if U.S. escalates tensions. Relations between the United States and China have deteriorated since Trump in early May accused Beijing of reneging on commitments to change its ways of doing business with the rest of the world. Trump raised tariffs to 25% on $200 billion of Chinese goods and ordered his trade representative to...

  • RIO DE JANEIRO/ BUENOS AIRES, June 5- Brazil and Argentina have started discussing a reduction in the common external tariff of the South American trade bloc Mercosur, sources in both governments told Reuters on Wednesday, as their market-friendly presidents look to boost economic growth. Mercosur, a common market formed by Argentina, Brazil, Paraguay and...

  • BUENOS AIRES, May 30- Faced with a plunge in prices for their crops sparked by the U.S.-China trade war, Argentine soy farmers have had little choice this year but to take the losses or hold onto their stocks in a bet on an eventual truce. Argentina, one of the world's top soy exporters, is in the middle of its soybean harvest, with exports of the oilseed key to helping the...

  • BUENOS AIRES, May 30- Faced with a plunge in prices for their crops sparked by the U.S.- China trade war, Argentine soy farmers have had little choice this year but to take the losses or hold onto their stocks in a bet on an eventual truce. Argentina, one of the world's top soy exporters, is in the middle of its soybean harvest, with exports of the oilseed key to helping the...

  • BUENOS AIRES, May 16- Argentine farmers are expected to harvest 56 million tonnes of soy for the 2018/ 19 season, the Buenos Aires Grains Exchange said on Thursday, an uptick from its previous estimate of 55 million tonnes. The grains exchange cited stronger-than-expected crop yields as the reason for the boosted estimate, saying 76.7% of the planting area was...