Economy

Tuesday, November 20th 2018 - 08:43 UTC
Venezuela preparing macroeconomic data to deliver to IMF

Venezuela which is sitting on one of the world’s largest crude oil reserves but which is suffering the worst loss of oil production in history outside of war-induced outages is getting ready to share macroeconomic data with the International Monetary Fund to avoid penalties including possible exclusion from the IMF.
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Tuesday, November 20th 2018 - 06:25 UTC
Migrant workers in UK send £8bn a year back home; Unesco complains of transfer costs

Migrant workers in the UK, many in low-paid jobs, are sending £8bn a year to support families in their home countries, says a report from the United Nations' education agency. This is often used to help relations in poorer countries to stay in school.
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Monday, November 19th 2018 - 19:52 UTC
Technology and packaging help Chilean fruit exports conquer Chinese market

The standardisation of products through technology advancements has helped Chilean fruit exporters conquer China as a destination, it was the reported.
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Monday, November 19th 2018 - 08:16 UTC
UK promoting trade and investment in Brazil and Chile

British Chief Secretary to the Treasury, Elizabeth Truss visits Latin America to build relationships with Brazil and Chile. Ms Truss visited Brasília, São Paulo and Santiago for bilateral meetings with ministers and will follow-up on the second UK/Brazil Economic and Financial Dialogue (EFD), particularly on infrastructure.
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Friday, November 16th 2018 - 12:31 UTC
Argentina's October CPI 5.4% and 45.9% in twelve months

Argentina's Consumer Price Index, CPI, increased 5.4% in October, and 39.5% in the last ten months, and 45.9% in twelve months, according to the latest report from the country's stats office, Indec. The items with the highest were Housing, 8.8%, followed by Transport, 7.6% while Food and Beverage, 5.9%.
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Friday, November 16th 2018 - 12:27 UTC
The mighty German economy slumps 0.2% in the third quarter

Germany's years-long run of steady growth came to a screeching halt in the third quarter, official data showed this week, with a widely-expected bottleneck in the vital car industry matched by broader structural concerns.
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Thursday, November 15th 2018 - 21:05 UTC
Double victory for Argentina's Macri ahead of the G20 leaders' summit

Argentina's Senate on Thursday gave final approval to an unpopular austerity budget designed to meet the stiff requirements of a US$ 57.1 billion International Monetary Fund bailout. Approval came as a great relief for battered president Mauricio Macri, but also a double victory, since it opens the way for his reelection aspirations next year.
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Thursday, November 15th 2018 - 20:58 UTC
Resilient PM May tells parliament and public opinion she is going to see Brexit deal through

Theresa May has dismissed speculation she could be ousted as prime minister over her Brexit agreement, saying: “I am going to see this through.” Speaking in Downing Street, on Thursday the prime minister said: “The course I have set out is the right one for our country and all our people.”
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Thursday, November 15th 2018 - 20:49 UTC
Orthodox liberal nominated to Brazil's central bank, Roberto Campos Neto

Economist Roberto Campos Neto has accepted an invite to become the head of Brazil's central bank under the government of the incoming president, Jair Bolsonaro, the nation's future economy minister said in a statement on Thursday.
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Thursday, November 15th 2018 - 12:15 UTC
No privatization ahead but long term being evaluated, admits Aerolíneas Argentinas boss

Aerolineas Argentinas President Luis Malvido ruled out Wednesday any plans to privatize the national flag carrier and added they had “no intention to close down routes.” However, the company's long term is under evaluation.
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