Economy

• Tuesday, November 19th 2019 - 08:55 UTC

  Maduro publicly thanks God for the all mighty dollar as an escape valve for Venezuela's economy

  

  Venezuelan President Nicolás Maduro embraced the currency of his bitter rival the United States on Sunday, calling it an “escape valve” that can help the country weather its economic crisis amid U.S. sanctions aimed at forcing him from power.

• Tuesday, November 19th 2019 - 08:34 UTC

  Chile's GDP expands 3.3% in 3Q, but prospects for 4Q are discouraging

  

  Chile's gross domestic product grew 3.3 percent in the third quarter of 2019 compared with a year earlier, the central bank said on Monday. The market had predicted relatively strong growth during the July through September period, citing improving prospects for the country's all-important mining industry.

• Tuesday, November 19th 2019 - 06:38 UTC

  Global trade forecasted to remain “below trend” in fourth quarter, WTO

  

  The World Trade Organization said on Monday that growth in global goods trade is expected to remain “below trend” in the fourth quarter amid tensions and rising tariffs in key sectors.

• Monday, November 18th 2019 - 09:30 UTC

  PM Johnson plans end of preferential treatment for EU migrants; Tories lead Labour by 10/17 percentage points in polls

  

  British Prime Minister Boris Johnson set out plans on Sunday to end preferential treatment for European Union migrants, as opinion polls showed his Conservative Party has the highest level of support since 2017 ahead of next month's election.

• Monday, November 18th 2019 - 09:12 UTC

  Fifteen countries including Brazil, asking for trade compensations from UK/EU Brexit disruption

  

  Countries including Australia have asked for trade compensation from the UK and the EU over Brexit disruption. Fifteen countries, including the US, India and New Zealand, have been setting out Brexit concerns at a World Trade Organization (WTO) meeting in Geneva.

• Saturday, November 16th 2019 - 09:56 UTC

  Air links between Falklands and the continent have been operating since 1999

  

  The head of Argentina's Civil Aviation Administration, ANAC, said the office will “collaborate with Justice in all necessary aspects referred to the coming weekly flight between Malvinas Islands and Brazil, with a stopover at Cordoba, once a month”.

• Saturday, November 16th 2019 - 08:34 UTC

  First Falklands' fishing company signs the 51% Joint Venture shareholding under the new ITQ criteria

  

  Ahead of the Falkland Islands Government Executive Committee decision recently setting out new criteria for Individual Transferable Quota (ITQ) extensions from 2021 to 2046 Beauchene Fishing Co Ltd and Copemar S.A signed a new Joint Venture agreement to commence from 2021.

• Friday, November 15th 2019 - 09:50 UTC

  New record high for the US dollar in Chilean markets: 820 Pesos

  

  Chile's central bank announced a US$ 4 billion injection to stop a currency slide that saw the peso reach historic lows on successive days this week. The peso fell to 820 to the dollar at the close Thursday, breaking the 800 Pesos milestone.

• Friday, November 15th 2019 - 09:48 UTC

  Bolsonaro: Brazil trades with all the world and will stay out of the US/China dispute

  

  Brazil will not get involved in a trade war, President Jair Bolsonaro said on Thursday, after US-foes China and Russia criticized growing protectionism as the global economy slows. Bolsonaro, who has been walking a diplomatic tightrope at the BRICS summit in Brazil this week as he seeks to strengthen ties with China without upsetting key ally Donald Trump, said Brazil “trades with the entire world.”

• Friday, November 15th 2019 - 09:42 UTC

  BRICS summit condemns protectionism and pledges to overcome challenges faced by multilateralism

  

  Five of the biggest emerging economies railed against protectionism on Thursday as they vowed to overcome “significant challenges” facing multilateralism, in a swipe at US tariffs and unilateral action.