Chile’s economy contracted 0.4 percent in the final quarter of 2016 compared with the preceding quarter, the central bank said on Monday, as weakness in mining and business services contributed to a worse-than-expected performance. Compared with a year earlier, fourth-quarter growth was 0.5 percent, taking the full-year 2016 growth to 1.6 percent. Mining in Chile, the world’s top copper exporter, fell 2.9 percent in 2016, the bank said in a report, hit by company cutbacks linked to a fall in the global copper price Source: Nasdaq Brazil’s rotten meat scandal prompts major import bans China has suspended meat imports from Brazil over its rotten meat scandal while the European Union has called for a partial ban, deepening the crisis in […]
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