Manufacturing in Argentina fell 6.8% in October year on year, while construction declined 3.7%, and in the first ten months of this year 2.5% and 4.9% respectively according to the Indec statistics bureau report. Firms were hit hard by a contraction in economic activity and the devaluation of the Peso against the US dollar.1 comment
Cubans will have access for the first time to 3G mobile telephone technology starting this coming Thursday, the state-run telecoms monopoly in Cuba, Etecsa, announced Wednesday.Add your comment!
Chinese officials have said they are confident in implementing trade commitments made to the US as soon as possible, without giving details. An ongoing trade war has seen both countries impose duties on billions of dollars of one another's goods.1 comment
Right-wing President-elect Jair Bolsonaro said on Tuesday he plans to tackle the overhaul of Brazil's fiscally burdensome pension system with piecemeal reforms that can pass Congress, starting with an increase in the minimum age of retirement. He said reforms should start with the public social security system and advance gradually to make sure they pass Congress.Add your comment!
Chinese President Xi Jinping Monday explained relations between his country and Panama have ”gotten off to a strong start in just a year-and-a-half” after the establishment of diplomatic ties in June 2017.Add your comment!
After meeting in Caracas with Turkey's President Recep Tayyip Erdogan, Venezuelan leader Nicolás Maduro took off for Moscow, where he hopes to hold some “serious talks” with his Russian counterpart Vladimir Putin in order to “strengthen and expand diplomatic relations and friendly ties between the brotherly nations.”2 comments
Brazilian sugar companies are increasing their capacity to produce ethanol in the face of depressed global sugar prices and government policies expected to boost demand for the biofuel. A shift to ethanol in the 2018-19 season slashed Brazil’s sugar output by 9 million tons to a 12-year low and more switching to the biofuel next season could help to wipe out a global surplus weighing on sugar prices.7 comments
Brazil’s presence in the benchmark emerging-market stock index could rise again should incoming President Jair Bolsonaro deliver on his promises to shore up the finances of Latin America’s largest economy, according to MSCI Inc chief executive Henry Fernandez.Add your comment!
Australia on Tuesday lowered its wheat production forecast by 11% to the smallest in a decade amid a crippling drought across the country’s east coast that may cut exports from the world’s fourth biggest supplier.Add your comment!
The UK government may have broken Parliamentary rules by not publishing Brexit legal advice, the Commons Speaker has said. John Bercow said there was an “arguable case” that a contempt of Parliament has been committed.Add your comment!