Economy

• Saturday, January 25th 2020 - 09:55 UTC

  Trump announces higher tariffs for steel and aluminum derivates

  

  US. President Donald Trump on Friday signed a proclamation increasing tariffs on derivative steel products by an additional 25% and boosting duties on derivative aluminum products by an additional 10%.

• Saturday, January 25th 2020 - 09:34 UTC

  Argentina's YPF returns successfully to money markets: issues US$ 164 million debt

  

  Argentina’s state energy company YPF said it issued debt of US$ 164 million on Wednesday, in a result it said exceeded its expectation.

• Saturday, January 25th 2020 - 09:15 UTC

  Chile's business community anticipates an ailing economy during 2020

  

  Chile's central bank is expected to hold its benchmark rate at 1.75% in January, a poll of 62 traders showed on Friday, then keep it there through 2020 as seeks to spur the ailing economy following months of unrest in the key mining nation.

• Saturday, January 25th 2020 - 09:00 UTC

  Even the richest of the richest now admit climate change is an existential threat

  

  By Gwynne Dyer – Donald Trump's speech to the World Economic Forum in Davos on Monday contained no surprises: half an hour of chest-thumping self-praise, although without the usual xenophobia and dog-whistle racism. It was, after all, an audience of the ultra-rich and powerful in which most of the movers and shakers were not American.

• Friday, January 24th 2020 - 08:45 UTC

  Brazilian government finances rapidly improving; primary budget deficit could be eliminated by 2022

  

  The Brazilian government's interest payment bill on the national debt could fall by 417 billion reais (some US$ $100 billion) over the course of its four-year term ending in 2022, by which time the primary budget deficit could also be completely eliminated, a senior Economy Ministry official said on Thursday.

• Friday, January 24th 2020 - 08:45 UTC

  Greta Thunberg and US Treasury Secretary Mnuchin clash at Davos over climate change

  

  The United States' financial chief on Thursday told Swedish teen Greta Thunberg to go study before calling for a fossil fuel halt, prompting the climate campaigner to reply it doesn't “take a degree” to understand the science.

• Friday, January 24th 2020 - 08:42 UTC

  Brazil and India discuss reciprocal trade, poultry, sugar, ethanol

  

  Brazil wants India to cut its import taxes on chicken and chicken products, so it can cash in on India’s burgeoning demand for poultry and poultry products as incomes rise and food habits change.

• Friday, January 24th 2020 - 07:54 UTC

  Philanthropist Soros pledges 1 billion dollars in support of civil society; criticizes Trump, Xi and Putin

  

  US financier and philanthropist George Soros on Thursday pledged one billion dollars for a new university network project to battle the erosion of civil society in a world increasingly ruled by “would-be and actual dictators” and beset by climate change.

• Thursday, January 23rd 2020 - 19:30 UTC

  Falklands' oil company lays out plans for production: 85.000 bpd at peak output

  

  At peak oil production from the Falkland Islands offshore Sea Lion oil field, Premier Oil is hoping for 85,000 barrels of oil per day. Over 20 years they anticipate 255 million barrels of oil in a medium-case scenario.

• Thursday, January 23rd 2020 - 19:29 UTC

  Falklands/Argentine fisheries scientific meetings unlikely to take place

  

  A UK/Falklands-Argentina meeting of the South Atlantic Scientific Sub-Committee scheduled for January is “unlikely” to take place, the Falklands lawmaker MLA Teslyn Barkman told Penguin News. The prospect of this happening and “taking Britain out of the comfort zone enjoyed” until now, had been advanced by Mercopress.