China moved to pump more cash into its financial system, suggesting that Beijing remained concerned about faltering growth despite signs that the world's second-largest economy was stabilizing.
Argentina's new government announced the issuance of US$ 1.326 billion of dollar-denominated Treasury Bills, to be directly subscribed by the central bank, according to a decree in the Official Gazette on Thursday.
The socio-economic impact of oil and gas development in the Falkland Islands has been the subject of a Government report. This is in anticipation of significant economic activity that will be generated by the potential development of the Sea Lion oilfield as well as planned capital projects.
Brazil’s trade surplus shrank 20% to US$ 46.67 billion last year, official data showed on Thursday, as upwardly revised exports in recent months failed to mask a widespread slump in overseas demand for Brazilian goods over the course of 2019.
By Gwynne Dyer – Down on the turkey farm, the Scottish and Irish birds noticed the smiling man was holding a hatchet behind his back and hid. The Welsh turkeys looked confused and huddled together squawking. But the English turkeys marched bravely up to the chopping block, confident this would be a Christmas to remember.
Argentine president Alberto Fernandez called for “social responsibility” from business people demanding they don't increase prices above reasonable levels, since “fighting inflation is a battle that involves all of us”.
Argentine president Alberto Fernandez asked the state-managed oil company YPF to roll back a 5% increase on fuels scheduled to become effective, January first, and which would have a major impact on inflation and food prices.
The Argentine government announced that this week it will honor payments of some US$ 850 million, which correspond to two different sovereign bonds, one of them a century maturing bond issued in 2017 during the administration of ex-president Mauricio Macri.
Argentine president Alberto Fernandez together with business people, union leaders and representatives from social groupings launched the social pact, called “Argentine commitment for development and solidarity”, with the purpose of achieving long term consensus that goes beyond a presidential mandate (four years), and includes “shared goals which can be crystallized in different chapters”
The Argentine government will continue to honor its debt while it works to reach an agreement with creditors, both the IMF and private bond holders, with the purpose of refinancing commitments and achieve a long term sustainable path for the payments, according to sources from the Economy ministry.