Argentina's central bank kept its key interest rate on Wednesday at 60%, one of the highest in the world, following a surprise hike two weeks ago after the peso plunged. Central bank officials said in a statement that inflation accelerated in August and continues to do so September, citing high-frequency data.2 comments
Bank of England Governor Mark Carney will stay at the central bank an extra seven months until the end of January 2020 to help smooth Britain's departure from the European Union next year, finance minister Philip Hammond told parliament on Tuesday.Add your comment!
Oil and gas platforms could have to be shut down if a deal on Brexit leads to difficulties accessing skilled workers, according to an industry report. The warning comes in Oil and Gas UK's latest economic report which said delays in accessing labor markets from EU countries have the potential, in some instances, of leading to production being shut in.Add your comment!
Brazil's imprisoned former president Luiz Inacio Lula da Silva, on Tuesday ended his legal battle to run for the top office in next month's election. Senator Gleisi Hoffmann, head of the leftist Workers Party (PT) that Lula founded, made the announcement in the southern city of Curitiba, where the popular Lula has been jailed on corruption charges since April.Add your comment!
Conservative MPs opposed to Theresa May's Brexit plan have met to discuss how and when they could force her to stand down as prime minister. Around 50 members of the European Research Group (ERG) openly discussed how best you game the leadership election rules, a source said quoted by BBC.2 comments
Brazilian equities and currencies slumped on Tuesday after an opinion poll on the presidential election showed leftist candidates gaining ground while market-friendly centrists did not.Add your comment!
Protracted Brexit talks are weighing on the recovery prospects of Jaguar Land Rover, according to its Indian owner. The focus of Tata Motors, which bought JLR in 2008 from Ford, is to ensure the automaker remains financially strong in the face of the challenges, Tata Sons Chairman Natarajan Chandrasekaran said in an interview over the weekend. Tata Sons is the parent of Tata Motors.Add your comment!
Argentine equities and the Peso continued on Tuesday their slide amid global trade tensions, uncertainty about Argentina's 2019 fiscal budget, talks between the government and the International Monetary Fund and the political situation in Brazil, which together with China are Argentina's main trade partnersAdd your comment!
Jailed former Brazilian president Lula da Silva is expected to allow his Workers Party to announce running mate Fernando Haddad as its candidate, following the latest ruling from the Supreme Court. Lula had hoped the Justices would agree to an appeal for more time to switch the head of the Workers Party (PT) ticket after Brazil’s top electoral court last week banned him from running due to a corruption conviction and gave him 10 days to remove his name.Add your comment!
Hunger reached 821 million people in 2017 worldwide, of which about 39 million are Latin American, according to the UN Food and Agriculture Organization (FAO). The figure represents a deterioration of 6.1% in Latin America and the Caribbean compared to previous years and could be due to the economic slowdown in South America, especially marked by the case of Venezuela, the UN agency said on Tuesday.Add your comment!