Economy

• Friday, November 18th 2016 - 09:36 UTC

  Argentina and Canada allies in supporting free trade and combating protectionism

  

  Argentine president Mauricio Macri and Canadian Prime Minister Justin Trudeau took direct aim on Thursday at the walls of protectionism set to be erected around the United States, saying that freer trade is the best way to pull their countries out of economic uncertainty. The two leaders said there is real anxiety that progress and global trade have resulted in people being left behind or children being robbed of the same opportunities afforded their parents and grandparents.

• Friday, November 18th 2016 - 09:15 UTC

  Yellen intends to remain her four-year term; anticipates rate increase “relatively soon”

  

  The United States Federal Reserve chair Janet Yellen told Congress on Thursday that she is not stepping down. Her statement follows on strong attacks during the campaign from president elect Donald Trump who claimed the Fed was favoring president Barack Obama and candidate Hillary Clinton with its low interest rate policy.

• Friday, November 18th 2016 - 08:27 UTC

  Trump-nomics: Speculation iPhones could soon be manufactured in the US

  

  iPhones might soon be made in the U.S., a result of Donald Trump’s win on Election Day, according to Nikkei Asian Review report. Hon Hai Precision Industry, also known as Foxconn Technology Group, a main Apple assembler, has allegedly been looking into the possibility of making iPhones in the United States, sources revealed to Nikkei.

• Thursday, November 17th 2016 - 09:21 UTC

  Argentina unable to lower crude imports depite Minister Aranguren's preferences

  

  Despite Energy Minister Juan José Aranguren's plans, Argentina will end up importing in 2016 almost as much crude as in 2015. Freighters from Nigeria and Angola reported to be on their way with some 3 million barrels.

• Thursday, November 17th 2016 - 09:10 UTC

  Argentina's central bank cuts benchmark rate despite Peso's depreciation

  

  Argentina's central bank cut its benchmark interest rate for the second time in two weeks in a surprise move amid market expectations it would hold steady after a high inflation reading and U.S. elections last week.

• Wednesday, November 16th 2016 - 09:51 UTC

  Canadian PM will pay official visits to Cuba, Argentina and attend APEC summit in Peru

  

  Canadian Prime Minister, Justin Trudeau will pay official visits to Cuba and Argentina from November 15 to 18, and will travel to Peru from November 19 to 20 to participate in the 2016 Asia Pacific Economic Cooperation (APEC) Leaders’ meeting.

• Wednesday, November 16th 2016 - 09:38 UTC

  IMF anticipates a more gradual recovery of the Brazilian economy than forecasted

  

  International Monetary Fund's executive board said on Tuesday that the Brazilian economy could be close to pulling out of a grueling recession, but faces a long and bumpy recovery that hinges on the approval of unpopular reforms. In its considerations of the IMF staff's annual report on Brazil, the executive board said that despite the new government's efforts to avoid a fiscal crisis they expected a gradual recovery in Latin America's top economy.

• Wednesday, November 16th 2016 - 09:16 UTC

  Brazil's annual inflation below 8%; October's 0.26% increase was the lowest since 2000

  

  Brazil's annual inflation rate in October fell below 8% for the first time since February 2015, keeping the door open for small interest rate cuts as a deep recession lingers. Prices rose 7.87% in the 12 months through October, down from an annual increase of 8.48% in the previous month, statistics bureau IBGE said.

• Wednesday, November 16th 2016 - 08:55 UTC

  Brazil and Argentina crop and yield estimates on the increase

  

  Brazil and Argentina production estimates are going up, but hailstorms ruined soybean and corn crops in Argentina’s Santa Fe Province. However, La Niña is forecast to be relatively mild this year, according to NOAA forecasters.

• Wednesday, November 16th 2016 - 08:47 UTC

  EU farmers on alert at the prospect of increased imports of beef from Mercosur

  

  Cheaper imports from Mercosur and the recovering dairy market will push down EU beef production and prices, states in a long-awaited impact study released by the European Union. Dairy and pigmeat exports will see steady gains, says the report, which looked at the cost of 12 pending trade deals on EU agri-food markets.