Argentina Economy Minister Nicolas Dujovne is due to meet on Thursday with IMF chief Christine Lagarde to request a financing package to help shore up the struggling economy, officials said. Dujovne will also meet with a senior US Treasury official in a key step in the talks with the IMF, which are likely to last six weeks, his spokesman said in a statement.
Argentina asked the International Monetary Fund for financing to help stem a run from the Peso to the US dollar that is sparking a surge in interest rates and threatening to derail the country's economic recovery. The sum requested is estimated between 25 and 30bn dollars, 500% Argentina's IMF quota and could be disbursed in two forms, a flexible credit line or a precautionary credit line.
The age of the electric vehicle (EV) will be here sooner than you think.
The Federal Reserve on Wednesday left its benchmark interest rate unchanged, confirmed that inflation is near its 2% target, and strangely enough did not mention a word about the looming international trade confrontation. The central bank after a two-day meeting said inflation over the next 12 months should “run near” the 2% target, updating its language from March that indicated inflation would “move up” towards that level.
Argentina's central bank surprised markets at the end of the week by jolting its key interest rate up to 30.25% from 27.25%, citing weakness of the local peso against the US dollar and vowing to act again if high inflation persists.
Runway codes are determined according to runway length; Code 1 being at least 800 meters long and Code 3 , 1200 to 1799 meters in length. Ramboll’s aviation division has been involved in airport developments in a number of countries around the world, including the UK (Heathrow), Russia, Rwanda and Gibraltar.
It may be too soon to invest in a large bag of popcorn and to book a baby sitter, but cinema-going in the Falkland Islands' capital Stanley, which died out in the late seventies is set to begin again, hopefully, if all goes well by March or April 2019.
The UK might have to set up its own satellite navigation system if it is thrown out of the Galileo project after Brexit, according to British officials. Galileo is a €10 billion program that was launched by the EU to rival the US global positioning system.
Argentina announced it received 32 bids for six road projects requiring around US$ 8 billion in investment, in a big test of how public-private partnerships (PPPs) can help cash-starved Latin American governments beef up infrastructure.
Britain will not get a Brexit deal better than the current single market, Japan’s ambassador to the UK has said. Koji Tsuruoka, who took up the role just over a fortnight before the referendum in June 2016, said Japanese firms are watching negotiations and will want to continue to be located in the single market after next March.