Economy

• Thursday, January 16th 2020 - 08:54 UTC

  World stocks at record high after US and China sign a deal to defuse the trade war

  

  World stocks inched to a record high on Thursday after the United States and China signed a deal to defuse their 18-month trade war, which has weighed on global economic growth and hampered investments.

• Thursday, January 16th 2020 - 08:52 UTC

  Argentine Inflation ended 2019 at 53.8%, the highest figure since 1991

  

  Inflation in Argentina ended 2019 at 53.8%, the highest figure since 1991 when the peso was pegged to the US dollar, data institute Indec said on Wednesday. Indec said the cost of living increased by 3.7% in December alone.

• Thursday, January 16th 2020 - 08:49 UTC

  Brazil planning to sell assets worth some US$ 36,3 billion during this fiscal year

  

  Brazil hopes to sell assets worth 150 billion reais (US$ 36.33 billion) in 2020, privatizations secretary Salim Mattar said, adding that the focus this year will be on selling subsidiaries of Centrais Eletricas Brasileiras SA (ELET6.SA).

• Thursday, January 16th 2020 - 07:00 UTC

  Lopez Obrador admits no buyers for the US$ 130 million presidential plane

  

  Mexico’s president said admitted the government has so far failed to sell his predecessor’s luxury US$ 130 million plane that he has slammed as a trapping of power and opulence of an out-of-touch ruling elite.

• Wednesday, January 15th 2020 - 09:57 UTC

  Ticket purchase in Argentina for flights to the Falklands will not be subject to the 30% tax

  

  The purchase of tickets in Argentina to the Falklands, South Georgia and South Sandwich islands will not the subject to the 30% tax recently approved by the Argentine Congress and extensive to all overseas travel. The decree with the details is expected to be published in the Official Gazette later this week, according to the Argentine federal tax revenue office, AFIP.

• Wednesday, January 15th 2020 - 09:55 UTC

  US supports Brazil as first bid to join OECD, ahead of Argentina

  

  The United States' change of stance to support Brazil's bid to join the Organization for Economic Cooperation and Development (OECD) ahead of Argentina was welcomed by the Brazilian government on Tuesday.

• Wednesday, January 15th 2020 - 09:50 UTC

  Buenos Aires province negotiating an extension on a US$ 250m bond payment on January 26

  

  Buenos Aires province bonds added to recent losses on Tuesday after the provincial government asked holders for an extension on a more than US$ 250 million payment due later this month, dragging Argentina’s debt lower as well.

• Wednesday, January 15th 2020 - 09:05 UTC

  US-China sign Phase One of trade deal, but some tariffs to remain until completion of Phase Two

  

  The United States will maintain tariffs on Chinese goods until the completion of a second phase of a United States-China trade agreement, US Treasury Secretary Steven Mnuchin said on Tuesday, a day before the two sides are to sign an interim deal.

• Tuesday, January 14th 2020 - 09:58 UTC

  Argentine president said no plans to bail out Buenos Aires province, the richest of the country

  

  Argentine President Alberto Fernandez on Monday night confirmed that the national government had no plan to bail out Buenos Aires province, which has a payment due later this month on hard-currency provincial debt.

• Tuesday, January 14th 2020 - 09:55 UTC

  Brazil pushing ahead with plan to allow mining on tribal lands

  

  Brazil’s government said it was pushing ahead with plans to allow mining on tribal lands, briefing European diplomats on proposals that have drawn criticism from indigenous advocates in Brazil and overseas.