Economy

Tuesday, October 15th 2019 - 09:25 UTC
Queen's speech: “priority has always been to secure UK's departure from EU on Oct. 31”

British Prime Minister Boris Johnson on Monday set out his government's priorities at a parliamentary ceremony full of pomp and pageantry attended by the queen, with Brexit top of the agenda.
Tuesday, October 15th 2019 - 09:11 UTC
The Euro wins a battle in Italy and the idea of an “Italtexit” ceases as a slogan

Italy's League leader Matteo Salvini said on Monday the euro was here to stay and he hoped that nobody in his far-right, euro-sceptic party would ever again raise doubts over Italy's membership of the single currency.
Monday, October 14th 2019 - 09:56 UTC
Peace in Ecuador: Government and protestors strike a deal; sharp rise in fuel prices suspended

President Lenin Moreno and leaders of Ecuador's Indigenous peoples struck a deal late Sunday to cancel a disputed austerity package and end nearly two weeks of protests that have paralyzed the economy and left seven dead.
Monday, October 14th 2019 - 09:55 UTC
Argentine opposition presidential candidate reaches out to undecided voters

The front-runner in Argentina’s presidential election reached out to undecided voters on Sunday, promising both orthodox and unorthodox policies to cure the country’s deep economic troubles.
Monday, October 14th 2019 - 08:32 UTC
UK and EU resume Brexit talks, but “a lot of work remains to be done”

Britain and the European Union said on Sunday a lot more work would be needed to secure an agreement on Britain's departure from the bloc. British Prime Minister Boris Johnson told his Cabinet a last-minute deal was still possible as the two sides pressed on with intensive talks to try to avoid a disorderly Brexit on Oct 31, the date set for Britain's departure.
Saturday, October 12th 2019 - 09:55 UTC
As Brexit countdown approaches, Galicia fishing industry concern increases

No Galician fishing vessel operating in the Falkland Islands will have access to European funds specially earmarked for those temporarily inactive, whether they fly the red ensign of the Spanish flag.
Saturday, October 12th 2019 - 09:50 UTC
“Argentina's financial downturn is a crisis of confidence in political institutions”

Argentina's financial crisis has been exacerbated by the political uncertainty facing the country with its president Mauricio Macri now most likely to be voted out of office at the national elections at the end of the month. However, according to Claudio Zuchovicki, the secretary-general of the Iberoamerican Stock Exchange Federation, the financial downturn is mostly a crisis of confidence in political institutions.
Saturday, October 12th 2019 - 09:10 UTC
Fed announces supply of reserves plan to avoid “cash crunches”

The Federal Reserve has announced a new program to boost liquidity in the US financial plumbing and allow the central bank to better manage interest rates, but without changing monetary policy.
Friday, October 11th 2019 - 09:58 UTC
Argentina: Oil industry fearful of tariffs' freezing as suggested by Alberto Fernandez advisors

Argentina's front-running candidate for president, Alberto Fernandez, has been asked by advisors within his left-leaning coalition to freeze natural gas and power tariffs and to peg oil product prices to pesos instead of dollars as measures to contain inflation and spur economic growth.
Friday, October 11th 2019 - 09:49 UTC
Trade Integration more important for Latin America and the Caribbean as growth slows, World Bank

The Latin America and Caribbean (LAC) region has entered a new phase of weak economic performance, but increased integration in international trade and global value chains could reinvigorate economic growth.