Brazilian prices rose in July at an annual rate of 2.71%, the lowest for 18 years, the government statistics office said Wednesday. This was good news for consumers in Latin America's biggest economy, which is inching out of its deepest recession in history, and was considered likely to lead to sharper interest rate cuts.
A sudden rise in interest rates poses the greatest threat to the global economy, the IMF's former chief economist has told the BBC. Ken Rogoff, who famously predicted a big bank would collapse during the financial crisis, warned that people had got used to ultra-low interest rates and said the economic policies of the Trump administration posed a risk.
Jack Lew, former US treasury secretary, has told the BBC the world remains at risk from financial threats. He says loosening regulation would not be a good idea: ”We should not disarm at a moment when we're out of the last financial crisis, but still in a world with substantial financial risks.
The extreme volatility of Venezuela's exchange rate has the crisis-hit country's shop owners hurriedly marking up their merchandise and consumers balking at the higher price tags. Just last week, the Bolivar currency fell around 70% on the black market, according to DolarToday, the opaque U.S.-based website that dictates the black market rate.
Argentine farmers will increase investments in the next corn planting season despite fears about a political comeback for former President Cristina Fernandez, who implemented export taxes and restrictions despised by the sector, according to industry leaders.
The Argentine primary next Sunday when the different parties will choose their candidates for the midterm elections of 22 October, and the possibility of a comeback of ex president Cristina Fernandez, and all that she represents, has cost the Argentine central bank so far over a billion dollars in the last ten days.
Washington imposed sanctions on eight Venezuelan officials on Wednesday for their role in creating an all-powerful legislative body loyal to President Nicolas Maduro, while a mayor-turned-fugitive called for more anti-government protests. The new U.S. sanctions targeted politicians (including a brother of ex leader Hugo Chavez) and security figures but stopped short of actions against Venezuela's vital oil industry.
Members of the United States Congress are visiting Gibraltar to ‘show support’ for the Rock as they reflected on the close links between Gibraltar and the US. Acting Gibraltar Chief Minister Dr Joseph Garcia welcomed a delegation from the Congress of the United States to Gibraltar on Monday afternoon before taking them through a series of meetings throughout the course of yesterday.
Airlink are expected to carry out a ‘proving flight’ to the British Oversea Territory of St Helena on Monday, 21 August 2017, using an Embraer E190-100IGW aircraft. This proving flight is for Airlink to demonstrate to the South African Civil Aviation Authority (SACAA) operational proficiency in terms of ETOPS (Extended Range Twin Engine Operations) requirements.
A leading Montserrat official is visiting the Falkland Islands for a week as part of a Territory to Territory partnership initiative between the two islands that was initiated last year. The Caribbean island British Overseas Territory Minister of Agriculture, Trade, Lands, Housing, and Environment, Claude E.S. Hogan arrived on the Falklands on the 7th August 2017.