Economy

• Friday, November 15th 2019 - 09:40 UTC

  First shipment of Vaca Muerta shale LNG to Brazil

  

  Argentine oil company YPF SA has sold its first commercial liquefied natural gas (LNG) cargo to Brazilian state energy firm Petrobras, according to media reports in Buenos Aires.

• Friday, November 15th 2019 - 09:29 UTC

  Brazil discussing a trade deal with Beijing; Chinese company planning US$ 1bn investment in port

  

  President Jair Bolsonaro and Economy Minister Paulo Guedes want to strengthen trade relations with China. Guedes said the creation of a free trade area between the two countries is under negotiation.

• Thursday, November 14th 2019 - 18:23 UTC

  OECD report warns about the middle class “squeezed by the ultra rich”

  

  Middle-class families are seeing their incomes stagnating as they are squeezed by the ultra-rich taking a bigger slice, says an international report from the OECD economics think tank.

• Thursday, November 14th 2019 - 09:50 UTC

  Fed chief Powell urged Congress to take action on rising US debt and deficit

  

  Federal Reserve chief Jerome Powell urged Congress on Wednesday to take action on the rising US debt and deficit to ensure the continued growth of the American economy. Called before the Joint Economic Committee to discuss the economic outlook, the central bank chief stressed that it was not his role to give policy advice, before he gave diplomatically-worded policy advice.

• Thursday, November 14th 2019 - 08:50 UTC

  Tusk forecasts UK will become “a second-rate player” after it leaves the EU

  

  Britain will lose influence in international affairs and become a “second-rate player” after it leaves the European Union, European Council President Donald Tusk said on Wednesday.

• Wednesday, November 13th 2019 - 09:49 UTC

  Protests continue in Chile as economy faces “grave consequences” and Peso plunges to a historic low

  

  Chile’s finance minister warned on Tuesday of the “grave consequences” for the nation’s economy of three weeks of often violent unrest after the peso slid 4% to hit a historic low against the dollar. Ignacio Briones said the weakening of the peso was a “sign of worry” that he and his colleagues were watching very carefully.

• Wednesday, November 13th 2019 - 09:48 UTC

  Bolsonaro hosts BRICS summit: his heart with Trump but Brazil's economy in need of Beijing

  

  Brazil's President Jair Bolsonaro will walk a diplomatic tightrope on Wednesday when he hosts his Chinese counterpart, as he seeks to boost ties with Beijing and avoid upsetting key ally Donald Trump.

• Wednesday, November 13th 2019 - 09:10 UTC

  UK unemployment at a 45-year low, but jobs' market softening

  

  British unemployment has hit a fresh 45-year low, official data showed on Tuesday in a mixed labor market snapshot before a UK general election and Brexit.

• Wednesday, November 13th 2019 - 08:37 UTC

  Some 1.5 million jobs threatened by US/China trade war, warns port of Los Angeles

  

  President Donald Trump on Tuesday took credit for an American economic renaissance but was greeted by another salvo from US industries that blame his trade wars for jeopardizing employment, wounding business and burdening consumers with higher costs.

• Saturday, November 9th 2019 - 10:55 UTC

  Chilean popular discontent spills over to the country's elite

  

  Chile's long-untouchable elite is now bearing the brunt of popular anger spilling onto the country's streets, and analysts say the signals have been there for years. Resource-rich Chile has long been seen as a stable democracy with South America's highest per-capita income, but economic and political power has rested in the hands of the relative few