Economy

Tuesday, November 26th 2019 - 09:52 UTC
New IMF head of mission in Argentina, as Macri prepares to step down from office

The International Monetary Fund has named as head of its mission in Argentina, Luis Cubeddu, 53, replacing Italian born Roberto Cardarelli. Cubeddu is knowledgeable in Argentina since he was in Buenos Aires between 2002/04, during a similar financial pre-default situation, as a member of the IMF representation.
Tuesday, November 26th 2019 - 09:48 UTC
Argentina 2019: annual inflation of 55% and economy contraction of 2.7%

Argentina will finish 2019 at 55% annual inflation, the country’s treasury minister said on Monday, capping off a tumultuous year for Latin America’s No. 3 economy that also saw voters usher in a new leftist government.
Tuesday, November 26th 2019 - 08:44 UTC
Britain is a dangerous mess, warns Tony Blair; “the Marxist Leninist wing has taken over Labour”

Former prime minister Tony Blair said on Monday that Britain was in a dangerous mess and that neither his own Labour Party nor Prime Minister Boris Johnson’s Conservatives deserved to win a Dec. 12 election.
Tuesday, November 26th 2019 - 08:35 UTC
Tories' lead over Labour is narrowing according to the latest opinion polls

British Prime Minister Boris Johnson's Conservative Party saw its lead over the opposition Labour Party narrow during the last week, an opinion poll by ICM for Reuters showed on Monday, ahead of a Dec 12 election.
Monday, November 25th 2019 - 06:29 UTC
US, a source of instability and “baselessly smearing China” blasts top Beijing official

The United States is the world's biggest source of instability and its politicians are going around the world baselessly smearing China, the Chinese government's top diplomat said on Saturday in a stinging attack at a G20 meeting in Japan.
Saturday, November 23rd 2019 - 09:51 UTC
The Economist and Chile: the painful birth of a different country

In 2014, Michelle Bachelet a Socialist swept into Chile’s presidency for a second time on a program of radical reform of tax, education and pensions. She also aspired to enact a new constitution that would guarantee “more balance between the state, the private sector and society”, as she told your columnist over tea at the Moneda presidential palace. She argued that her “struggle against inequality” was the last chance to deal with discontents that, if neglected, could push Chile towards populism.
Saturday, November 23rd 2019 - 09:33 UTC
Swiss investigation helps expose corruption network involving Vitol, Trafigura and Petrobras

Swiss investigators have executed search warrants at addresses linked to Vitol and Trafigura, their counterparts in Brazil said on Thursday, as a sprawling probe into the global commodity trading industry intensifies.
Saturday, November 23rd 2019 - 09:04 UTC
Mexico's giant Pemex, remains world's most indebted oil company

A Mexican government energy policy that gives more weight to state oil company Pemex could cause private sector investment to fall, an analyst with credit ratings agency Standard & Poor’s said on Friday.
Friday, November 22nd 2019 - 09:46 UTC
China buying all Brazilian beef available; meat prices in Sao Paulo at record high

Chinese demand is increasingly swallowing up Brazil's beef supply, pushing the country's cattle prices to a record high. China’s hunger for foreign meat has shot up as an outbreak of African swine fever has reduced its domestic pig population and has sent it looking for substitutes.
Friday, November 22nd 2019 - 09:43 UTC
Argentine send first shipment of chilled pork for China

Argentina has sent its first shipment of chilled pork to China, the government announced, as China's pork imports rise due to a devastating outbreak of African swine fever at home.