Economy

• Saturday, November 30th 2019 - 07:53 UTC

  Lower trade barriers helped faster economic and wage growth in Latin America, IDB report

  

  Latin America and Caribbean region saw faster economic and wage growth thanks to a lowering of trade barriers, a new report by the Inter-American Development Bank shows. The study also provides policy recommendations to ensure the region is better positioned to take advantage of trade liberalization and make its benefits more tangible to citizens.

• Saturday, November 30th 2019 - 07:20 UTC

  Uruguay expects some 200 cruise calls this 2019/20 season

  

  Uruguay is expecting some 200 cruise calls this 2019/20 season, which is 30% higher than in 2018/19, while Montevideo has become an exchange port for incoming and outgoing cruise passengers, given its good services and connectivity, announced Tourism minister Liliam Kechichian during the official launching of the current season.

• Friday, November 29th 2019 - 09:26 UTC

  Primary budget surplus during October in Brazil but nominal deficit stands at 6% of GDP

  

  Brazil’s public finances improved in October, Treasury figures showed on Thursday, as a seasonally expected monthly surplus helped reduce the government’s overall deficit this year and keep it on track to come in below target.

• Friday, November 29th 2019 - 09:19 UTC

  EU approves increase in US beef imports to ease bilateral trade tensions

  

  European Union lawmakers approved an increase in U.S. beef imports to the EU on Thursday, a move likely to ease transatlantic tensions. But they also criticized tariffs imposed by U.S. President Donald Trump on metal imports and a threat he has made to target EU cars and car parts.

• Friday, November 29th 2019 - 09:05 UTC

  Social upheaval torn Chile to sell up to US$ 20 billion to support the Peso

  

  Chile's central bank might sell up to US$20 billion in foreign currency interventions starting on Monday in a bid to stabilize the local currency, the monetary authority said in a statement on Thursday after the peso hit a new all-time low.

• Friday, November 29th 2019 - 08:41 UTC

  Argentine president elect wants to pay debt, and promises no haircuts

  

  Argentine president-elect Alberto Fernandez said on Thursday he did not want to fall short on debt obligations even as his government puts a premium on growth. Fernandez, who takes office on Dec. 10, will need to negotiate with creditors including the International Monetary Fund as Argentina buckles under the weight of about US$100 billion in sovereign debt.

• Friday, November 29th 2019 - 08:01 UTC

  Falklands' finances have to manage with budget surpluses

  

  The Falkland Islands Standing Finance Committee met on November 27 in the Liberation Room, Stanley and reported that the forecast operating surplus for the year is now £11.3 million, excluding capital expenditure.

• Thursday, November 28th 2019 - 09:46 UTC

  Falklands government and fishing companies contrast over ITQ fees

  

  The announcement by the Falkland Islands Executive Council referred to ITQ fees, particularly toothfish and calamari, which would represent an annual £3.9 million additional income for government coffers, was contrasted by a release from the Falklands' seafood sector pointing out that “to increase quota access fees paid by local fishing companies by 50% will increase costs to the industry by £4 million per annum”

• Wednesday, November 27th 2019 - 09:55 UTC

  Alberto Fernandez renounces to IMF loan: “I want to stop asking for money”

  

  Argentina's president-elect Alberto Fernandez said on Tuesday he would renounce the remaining US$11 billion tranches of the country's International Monetary Fund loan as soon as he takes office next month.

• Wednesday, November 27th 2019 - 09:43 UTC

  Boris Johnson is “dangerous and unfit for office”, claims Scottish leader Sturgeon calling for a vote to “escape Brexit”

  

  Scotland's leader Nicola Sturgeon is to accuse Prime Minister Boris Johnson of being “dangerous and unfit for office” as she launches the SNP's election manifesto. The SNP leader will say that a vote for her party on 12 December will be a vote to “escape Brexit and put Scotland's future in Scotland's hands”.