Argentina's state-run Banco Nación President Javier González Fraga admitted borrowing from abroad is a possibility to face the current liquidity shortage, it was reported.
With international tensions on trade set to come to a head at the Group of 20 Leaders Summit next weekend, Argentina is hoping to find agreement on improving global stability, even if deep disagreements remain. Foreign Minister Jorge Faurie said the November 30-December 1 meeting in Buenos Aires should stress the importance of trade itself, at a time that the former consensus against protectionism breaks down.
Argentina's foreign minister Jorge Faurie said that this week's G20 leaders' summit in Buenos Aires not only will it be historic since for the first time a meeting of such significance is taking place in South America, but also because of the symbolic reconciliation and constructive attitude between Argentina and the United Kingdom referred to the Falklands/Malvinas Islands.
The government's Brexit deal would leave the UK £100bn a year worse off by 2030, analysis by the National Institute of Economic and Social Research (NIESR) has claimed. The study commissioned by the People's Vote, which wants a second referendum, said GDP would shrink by 3.9% annually.
The United States and China have in the coming week what may be their last chance to broker a ceasefire in an increasingly dangerous trade war when their presidents meet in Buenos Aires.
Oil prices slumped up to nearly 8% to the lowest in more than a year on Friday, posting the seventh consecutive weekly loss, amid intensifying fears of a supply glut even as major producers consider cutting output. Oil supply, led by U.S. producers, is growing faster than demand and to prevent a build-up of unused fuel such as the one that emerged in 2015, the Organization of the Petroleum Exporting Countries is expected to start trimming output after a meeting on Dec. 6.
As Cuban doctors in Brazil begin to head home amid a diplomatic spat between Havana and the Brazilian far-right president-elect, the health ministry of the country said nearly 84% of the resulting vacancies had already been filled.
Officials in South Korea have started to dismantle the country's largest dog slaughterhouse. The Taepyeong-dong complex in Seongnam city, south of Seoul, will be cleared over two days and converted into a public park. About one million dogs are consumed every year and activists have sought to end the custom.
Aerolíneas Argentinas has cancelled all flights scheduled for this coming Monday, Nov. 26, due to a workers' strike, it was announced Friday.A total 371 flights are to be grounded, affecting the travel plans of over 40,000 passengers, which will cost the state-run company around 20 million US dollars in losses.
The industrial production in Argentina dropped 4.8% in October compared to the same period a year ago, accumulating a seven-month consecutive slide, according to the Center of Economic Studies from Orlando Ferreres. Between January and October manufacturing activity registers a 3.5% contraction relative to the same period in 2017.