Economy

• Tuesday, February 18th 2020 - 06:11 UTC

  Argentine meat industry suffering great losses because of coronavirus and closure of Chinese market

  

  Argentina's meat industry is becoming highly complicated because of the drop in exports to its main market, China, warned Daniel Urcía, vice-president of the Argentine regional abattoirs industry, FIFRA.

• Tuesday, February 18th 2020 - 00:25 UTC

  Falkland Islands Falkland Islands expenses figures for 2019

  

  Gilbert House, seat of the Falkland Islands Legislative Assembly has released its expenses figures for 2019, detailing the money paid on claims by each of the Members of the Legislative Assembly. The expenses are broken down into headings such as flights, accommodation, meals, telephone, and internet.

• Monday, February 17th 2020 - 08:35 UTC

  IMF admits coronavirus epidemic could damage global economic growth

  

  The coronavirus epidemic could damage global economic growth this year, the IMF head said on Sunday, but a sharp and rapid economic rebound could follow. “There may be a cut that we are still hoping would be in the 0.1 to 0.2 percentage space,” the managing director of the International Monetary Fund, Kristalina Georgieva, told the Global Women's Forum in Dubai.

• Monday, February 17th 2020 - 07:13 UTC

  Pompeo confident the West is winning and will prevail over Russian and Chinese “empire desires”

  

  US Secretary of State Mike Pompeo defended on Saturday his nation's global role despite misgivings in Europe, vowing that Western values would prevail over Russian and Chinese desires for “empire”.

• Saturday, February 15th 2020 - 08:20 UTC

  Manchester City banned from EU competition and fined for breaching financial fair play rules; the club will appeal

  

  English champions Manchester City have been banned from European competition for the next two seasons and fined 30 million Euros by European soccer's governing body UEFA after an investigation into alleged breaches of Financial Fair Play (FFP) rules.

• Saturday, February 15th 2020 - 07:54 UTC

  Trump launches the aircraft trade dispute with the European Union

  

  The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies.

• Friday, February 14th 2020 - 21:08 UTC

  Fernandez insists Argentina needs more time to honor its debt with IMF

  

  Argentine president Alberto Fernandez said that the country “needs more time” to honor its debt with the IMF and underlined he would like “a commitment of the Fund with Argentina”. He also welcomed what he described as a “common sense dialogue with the IMF mission” currently in Buenos Aires for a review of the country's finances and economic prospects.

• Friday, February 14th 2020 - 20:46 UTC

  Cristina Fernández/IMF controversy over the Fund's responsibility in Argentina' flight of capital

  

  Argentine vice-president Cristina Fernandez de Kirchner insisted in her criticism of the IMF for the alleged violation of its statutes by awarding the previous Argentine administration of president Mauricio Macri a disproportionate credit, despite the fact the Fund rejected the accusation and ratified that no debt shaving is possible under its rules.

• Friday, February 14th 2020 - 08:47 UTC

  Brazil's Real among the worst performing currencies this year, shrinks 8%

  

  Brazil’s currency fell below 4.35 reais per dollar for the first time this week, as weaker-than-expected retail sales figures gave renewed impetus to the selling that has picked up notable momentum in recent days.

• Friday, February 14th 2020 - 08:40 UTC

  Argentine inflation drops to 2.3% in January, helped by the freeze of several items

  

  Argentina inflation decelerated to 2.3% in January, the official statistics agency said on Thursday, well below analyst expectations for a 3.4% rise.