Representatives from Argentina and the United Kingdom formally delivered on Monday, to the Uruguayan foreign minister a letter jointly issued by the two governments requesting assistance in contacting local airlines and inviting them to communicate their interest in establishing a new weekly scheduled air service to and from the Falkland Islands.
Venezuela’s “Petro” crypto-currency will attract investments from Turkey, Qatar, the U.S., and Europe, the country’s crypto-currency regulator, Carlos Vargas, told reporters. The Petro will be offered for sale this Tuesday, February 20th, and comes as Venezuela is suffering from quadruple-digit inflation and chronic shortages of food and medicine.
Australia and Peru have signed a new trade deal that is expected to lead to more local products - including beef, sugar, almonds and dairy - being sold in nation which is a full member of the Pacific Alliance.
Argentina's Consumer Price Index (CPI) rose by 1.8% in January 2018, after increasing 3.1% in December 2017, said the country's statistics office Indec. Despite the deceleration, the reading was higher than market expectations for the monthly consumer price inflation (+1.5%). The result was primarily influenced by higher costs for entertainment and culture (+3.5%).
European farm lobbies Copa and Cogeca sent a letter to EU Commission President Jean-Claude Juncker opposing the EU move to give further concessions on agriculture in return for gains in other economic sectors to Mercosur.
The Canadian government plans to open free trade talks with the four-nation Mercosur trading bloc in South America at a time when the future of NAFTA is facing increasing uncertainty. Canada sends around 75% of its goods exports to the United States and is looking for new markets to reduce the reliance on its southern neighbor.
The United Kingdom and Argentina, following on the September 2016 joint communiqué to establish additional air links with the Falkland Islands, jointly announced on Friday that third country airlines interested in such operations will be contacted. It is expected that by the end of February the commercial process will be initiated, led by the Falkland Islands, and sometime next October the new weekly air link, with a monthly call in Argentina, will become operational.
The US has rejected a proposed merger between the Chicago Stock Exchange and a Chinese-linked investor group. The decision comes after more than two years of reviews by officials. The tie-up was initially approved by the Committee on Foreign Investment in the United States, pending further approval by the Securities and Exchange Commission (SEC).
The United Kingdom government should give £10,000 per year to every citizen under 55, a report suggests. The Royal Society for the encouragement of the Arts, Manufactrurers and Commerce (RSA) says it could pave the way to everyone getting a basic state wage. The Labour Party has also said it is looking into similar arguments for a Universal Basic Income (UBI).
Argentina’s central bank held its benchmark seven-day interbank lending rate at 27.25% on Wednesday, the monetary authority said in a statement, amid an increase in inflation expectations and “mixed signals” in prices so far this year.