Economy

Tuesday, December 17th 2019 - 07:39 UTC
Bloomberg fined 5 million Euros in France for a report based on a fake news release

France's financial markets watchdog on Monday hit Bloomberg with a five million euro (US$5.6 million) fine for a report based on a fake news release that triggered a plunge in the shares of French construction giant Vinci and wiped billions off its market value.
Monday, December 16th 2019 - 09:50 UTC
Brazil's basic interest rate at an all time low of 4.50%

Brazil's central bank cut its benchmark Selic interest rate to an all-time low of 4.50% this week but indicated that with borrowing costs so low and economic growth starting to pick up, it may mark a pause in the easing cycle, if not the end.
Sunday, December 15th 2019 - 10:58 UTC
Rise on Argentine agrifood export taxes decreed, effective immediately

Argentine President Alberto Fernández signed a decree whereby export taxes on soy, wheat, corn and beef go up. The decree became available Saturday as it appeared in the Official Gazette and is effective immediately.
Saturday, December 14th 2019 - 09:40 UTC
Trump and Abdo meet in Washington to talk about the Mercosur-US trade deal

US President Donald Trump and his Paraguayan colleague Mario Abdo Benítez Friday discussed in Washington a free trade agreement with Mercosur as well as other items of mutual interest, including beef import/exports and the crisis affecting various countries in South America.
Saturday, December 14th 2019 - 09:30 UTC
“Bad news” for Argentine industry: Fernández's emergency decree doubles compensation for 180 days

The president of Argentina, Alberto Fernández, established through a Decree of Necessity and Urgency the double compensation to workers for a period of 180 days in case of “dismissals without just cause” and “given the need to stop the worsening of the labor crisis “ The business sector receives it as ”bad news.”
Saturday, December 14th 2019 - 08:27 UTC
Cabo Verde Airlines launched regular flights between Sal Island and Porto Alegre, Brazil

The inaugural flight between Porto Alegre and Sal took place this Thursday, December 12th, departing from Salgado Filho Airport at 08.55 pm, local time, and arriving at Amílcar Cabral International Airport at 07.55 am, local time.
Friday, December 13th 2019 - 09:55 UTC
Falkland Islands Government expects “Robust budgeting” amid “challenging” international relations scenario

“As a government we continue to be careful stewards of our finances and operate a robust and credible budgeting process that is both open and transparent,” Falkland Islands Government’s Chief Executive Barry Rowland stated during a speech to Legislative Assembly.
Friday, December 13th 2019 - 03:00 UTC
US and China closer to striking final trade deal: end of uncertainty for investors foreseeable

The United States have reached a phase one trade deal with China, unofficial White House sources leaked to the press Thursday, pending approval from President Donald Trump.
Wednesday, December 11th 2019 - 23:17 UTC
Argentina needs to get back on its feet first, says new President

Argentina's new president Alberto Fernández highlighted Tuesday in his opening speech that his country needs to get back on its feet before anything else after four years of inadequate management by his predecessor Mauricio Macri, as he launched a series of proposals to bounce back from recession and social fracture.
Tuesday, December 10th 2019 - 17:25 UTC
Brazilian VP attends presidential inauguration in Argentina, calls for mutual help

Brazil's Vicepresident Hamilton Mourao Tuesday said in Buenos Aires that his country and Argentina must help each other as he attended President Alberto Fernández' inauguration after news reports had heralded the Jair Bolsonaro administration was not sending any dignitaries for the occasion.