Economy

Friday, January 3rd 2020 - 09:54 UTC
Argentina issues Treasury Bills, subscribed by the Central bank, to pay creditors

Argentina's new government announced the issuance of US$ 1.326 billion of dollar-denominated Treasury Bills, to be directly subscribed by the central bank, according to a decree in the Official Gazette on Thursday.
Friday, January 3rd 2020 - 09:50 UTC
Falklands releases the socio-economic impact of oil and gas development in the Islands

The socio-economic impact of oil and gas development in the Falkland Islands has been the subject of a Government report. This is in anticipation of significant economic activity that will be generated by the potential development of the Sea Lion oilfield as well as planned capital projects.
Friday, January 3rd 2020 - 09:46 UTC
Brazil's 2019 trade surplus shrinks 20%, lowest since recession year 2015

Brazil’s trade surplus shrank 20% to US$ 46.67 billion last year, official data showed on Thursday, as upwardly revised exports in recent months failed to mask a widespread slump in overseas demand for Brazilian goods over the course of 2019.
Friday, January 3rd 2020 - 09:19 UTC
Boris Johnson and English nationalism victory in the Brexit election: death knell for UK?

By Gwynne Dyer – Down on the turkey farm, the Scottish and Irish birds noticed the smiling man was holding a hatchet behind his back and hid. The Welsh turkeys looked confused and huddled together squawking. But the English turkeys marched bravely up to the chopping block, confident this would be a Christmas to remember.
Thursday, January 2nd 2020 - 08:59 UTC
Argentine president calls for “social responsibility” from business people, otherwise government will intervene

Argentine president Alberto Fernandez called for “social responsibility” from business people demanding they don't increase prices above reasonable levels, since “fighting inflation is a battle that involves all of us”.
Tuesday, December 31st 2019 - 13:15 UTC
On request from Alberto Fernandez, YPF rolls back a 5% increase in fuel prices

Argentine president Alberto Fernandez asked the state-managed oil company YPF to roll back a 5% increase on fuels scheduled to become effective, January first, and which would have a major impact on inflation and food prices.
Tuesday, December 31st 2019 - 13:10 UTC
Argentina will honor payments this week of bonds totaling some US$ 850 million

The Argentine government announced that this week it will honor payments of some US$ 850 million, which correspond to two different sovereign bonds, one of them a century maturing bond issued in 2017 during the administration of ex-president Mauricio Macri.
Monday, December 30th 2019 - 09:56 UTC
Argentine president manages an all encompassing Social Pact, but farmers did not show up

Argentine president Alberto Fernandez together with business people, union leaders and representatives from social groupings launched the social pact, called “Argentine commitment for development and solidarity”, with the purpose of achieving long term consensus that goes beyond a presidential mandate (four years), and includes “shared goals which can be crystallized in different chapters”
Saturday, December 28th 2019 - 09:55 UTC
Argentina will continue to honor its debt, and has cleared all 2019 payments

The Argentine government will continue to honor its debt while it works to reach an agreement with creditors, both the IMF and private bond holders, with the purpose of refinancing commitments and achieve a long term sustainable path for the payments, according to sources from the Economy ministry.
Saturday, December 28th 2019 - 09:53 UTC
Argentine farmers back on the roads protesting export duties

Argentine farmers from the central provinces of Cordoba and Santa Fé are back on the roads to protest the latest raft of export duties on agriculture produce and overall increase in taxes established by the recently sworn in administration of President Alberto Fernandez.