Economy

Friday, November 1st 2019 - 09:58 UTC
Argentina imposes more money exchange restrictions to defend reserves

Argentina’s central bank is setting a price floor under the volatile peso in hopes to avoid a sharp plunge in the currency after an opposition-won presidential election last Sunday shifted the country firmly back to the left.
Friday, November 1st 2019 - 09:52 UTC
US expects Argentina to uphold its commitments to IMF, Mnuchin said

The United States expects Argentina’s incoming Peronist government to uphold the country’s commitment to the terms of its US$ 57 billion International Monetary Fund loan program, U.S. Treasury Secretary Steven Mnuchin said.
Friday, November 1st 2019 - 09:40 UTC
Falklands' catches for calamari squid and hake have risen sustainedly

Falkland Islands' catches for calamari squid and hake have risen substantially over five years. Statistics were outlined at Legislative Assembly on Thursday.
Friday, November 1st 2019 - 09:24 UTC
What happens to the United Kingdom now?

By Chris Patten – Even after the United Kingdom leaves the European Union, the country will face years of talks in which it will be negotiating from a position of weakness. The UK will be less prosperous and influential than before and will be under increasing internal strain because of policies driven by malignant English nationalism.
Thursday, October 31st 2019 - 09:49 UTC
Brazil cuts benchmark interest rate to an all time low of 5%; inflation running below target

Brazil's central bank cut its benchmark interest rate to a new all-time low of 5.00% on Wednesday as expected, but signaled that further easing may be less aggressive than it has been in recent months, despite inflation running well below target.
Thursday, October 31st 2019 - 09:01 UTC
Fed lowers benchmark by a quarter point: third cut in four months

The US central bank has cut interest rates again, hoping to shield the economy from the impact of trade wars and a global slowdown. The Federal Reserve lowered the target for its benchmark rate by a quarter-point, to a range of 1.5% to 1.75%. The move was the third cut in four months.
Thursday, October 31st 2019 - 08:51 UTC
New ECB chief calls on budget surplus countries to spend more and help prop growth

Incoming European Central Bank chief Christine Lagarde on Wednesday took aim at Germany and other thrifty Eurozone members running budgetary surpluses, saying they should increase their spending to shore up slowing growth.
Wednesday, October 30th 2019 - 10:30 UTC
Fernandez names transition team; markets expecting economy names and policies

Argentina's president-elect Alberto Fernandez pledged to lead the country in a new direction on Tuesday amid a “difficult” domestic backdrop, as financial markets jumped around with investors grasping for any signs of the Peronist's future plans.
Wednesday, October 30th 2019 - 09:27 UTC
Brazilian food processor expands in Saudi Arabia with chicken plant

Brazilian food processor BRF SA on Tuesday announced an agreement to invest around US$ 120 million to build its first chicken processing plant in Saudi Arabia in a bid to strengthen its position in a key growth market.
Wednesday, October 30th 2019 - 09:20 UTC
Falklands wildlife and tourism promoted by French news agency

Waddling up the beach in single file, their heads held high with an almost self-important demeanor, king penguins are a major draw in the Falkland Islands' tourism industry. Their fluffy brown chicks are nearly fearless of humans, meaning tourists at Volunteer Point, a peninsula on East Falkland Island might get almost close enough to touch one.