Stories for 2018

Wednesday, September 5th 2018 - 08:16 UTC
Argentine Peso slid another 2.18% and the Central bank sold US$ 350 million in reserves

Argentina’s peso slid further on Tuesday as investors reacted with skepticism to president Mauricio Macri’s plans. Many worry he will not be able to push reforms through a restive Congress amid growing frustration on the streets of Buenos Aires.
Wednesday, September 5th 2018 - 07:55 UTC
Falklands 2017/18 budget had an operating surplus of £38 million

The Falkland Islands Government operating surplus of £38 million for 2017/18 was driven primarily by favourable Corporation Tax receipts. The original budgeted deficit in my view led the former Legislative Assembly to be over cautious in their demands leading to unnecessary thrift in some areas, according to MLA Roger Spink, who is head of the Government Services Portfolio of the Assembly.
Wednesday, September 5th 2018 - 07:30 UTC
Argentina/IMF discussions continue this Wednesday; strong support from Trump

Argentina “made progress” on Tuesday in talks with the International Monetary Fund aimed at securing an accelerated disbursement of a US$50 billion loan it hopes will calm its debilitating economic crisis.
Wednesday, September 5th 2018 - 06:28 UTC
Brazil's Real remained flat on Tuesday but the stock market was down 2%

The Brazilian Real erased early losses on Tuesday after state prosecutors charged Workers Party vice presidential candidate Fernando Haddad with corruption, driving investors to pare bets on his electoral strength.
Tuesday, September 4th 2018 - 08:52 UTC
Bye, Bye Lula

On Sunday, Brazil’s top electoral court ruled that “Lula”, former president Luiz Inácio da Silva, cannot run in the presidential election this October. He served two terms as president (2003-2011), he dutifully waited out the following two terms, and his Workers’ Party (PT) has nominated him for the presidency again.
Tuesday, September 4th 2018 - 08:48 UTC
Brazil's Electoral Court bans political campaign ads with Lula da Silva

Brazil's top electoral court has banned political campaign ads showing former president Lula da Silva as a candidate, according to a ruling made on Sunday in response to a complaint by the Novo party.
Tuesday, September 4th 2018 - 08:41 UTC
Brazil's Real and Argentina's Peso slumped on Monday

The Brazilian Real slumped on Monday as mounting concerns over this year's presidential election added to global risk aversion, while the Argentine peso extended a recent sell-off that also spread into stock markets in Latin America.
Tuesday, September 4th 2018 - 08:34 UTC
Falklands' penguins at risk from Brexit and an end to EU conservation funding

The Falkland Islands have warned that a million penguins are at risk from a funding black hole caused by Britain’s exit from the European Union. The Islands rely on European conservation projects to care and protect the penguin colonies, rookeries, in its shores. But with the U.K. fast approaching Brexit Day in March 2019, Falklands' lawmaker Teslyn Barkman has urged clarity on the future of Islands’ flippered friends.
Tuesday, September 4th 2018 - 06:58 UTC
Brexit debate: PM May “on a narrow path with people chucking stones from both sides”

British Prime Minister Theresa May's brief summer holiday from Brexit battles came to a noisy end Monday, as she faced attack from both sides of her divided Conservative Party. Archrival Boris Johnson inflamed speculation that he aims to oust May by branding her plan for Brexit “a disaster”.
Monday, September 3rd 2018 - 19:17 UTC
Macri admits the seriousness of the situation and Dujovne is off to meet with IMF

President Mauricio Macri unveiled plans on Monday to raise export taxes on grains and slash the number of government ministries in a bid to balance its budget next year, as Argentina seeks a deal with the IMF to accelerate a US$ 50 billion standby loan program.