Economy

Monday, August 26th 2019 - 18:07 UTC
IMF mission in Argentina looking into the books and trying to sort out the future

An IMF mission is in Argentina and is going over the country's accounts with government top officials, to assess future disbursements of the US$ 57bn standby credit granted to the country, currently facing financial and political uncertainty, and on Monday are scheduled to meet with representatives from the opposition.
Saturday, August 24th 2019 - 09:54 UTC
IMF mission arrives to Argentina this Saturday: US$ 5.3bn disbursement to be considered

Delegates from the International Monetary Fund (IMF) land in Buenos Aires Saturday as concerns about Argentina’s economy cast doubt upon the future of its record US$56 billion bailouts. The date of the trip was agreed with the Argentine central bank chairman, Guido Sandleris.
Saturday, August 24th 2019 - 09:26 UTC
Mercosur and EFTA countries reach a free trade agreement

South American trade block Mercosur reached a free trade agreement with four European countries, Argentine officials and Brazil's President Jair Bolsonaro said after talks in Buenos Aires.
Saturday, August 24th 2019 - 09:16 UTC
US/China trade war further escalates: where does it end before reaching a point of no return?

President Donald Trump declared on Friday he would further raise American tariffs on all Chinese imports hours after China announced tariffs on American goods, the second escalation within the day of a trade war between the world’s two biggest economies that has shown no sign of ending soon.
Friday, August 23rd 2019 - 09:54 UTC
Opposition candidate pledges to respect Argentina's debts and rejects defaulting

Argentine presidential candidate Alberto Fernández said on Thursday that no one wants a default for the country and he's ruling it out if elected. The center-left candidate appeared to be trying to calm investors who reacted to his strong finish against conservative President Mauricio Macri in an initial round of voting by battering Argentina's stocks and currency.
Friday, August 23rd 2019 - 09:50 UTC
Premier Oil trying to sell part of its Falklands' Sea Lion project

Premier Oil is selling its stake in a “world-class” project off the coast of Mexico and wants to reduce its holding in a long-awaited scheme north of the Falkland Islands as it tries to lighten its US$ 2bn debt burden, reports the Financial Times.
Friday, August 23rd 2019 - 09:28 UTC
Ex minister calls Bolsonaro “corrupt and liar”, and warns of EU boycotts to Brazilian exports

A Brazilian former minister and presidential candidate in the last election, called president Jair Bolsonaro, “corrupt, despicable, dishonest and irresponsible” during a conference on Thursday at the Minas Gerais Federal University.
Friday, August 23rd 2019 - 08:45 UTC
Chile's Week in China starts on 29 August in Beijing and Shanghai

From August 29 to September 3, Chile will celebrate nearly 49 years of diplomatic and economic cooperation with China by staging the 5th annual Chile Week in China celebration in Beijing and Shanghai, which will feature senior Chilean government delegates led by former President Eduardo Frei, leaders of Chilean industry and dozens of economic, cultural and consumer-focused events.
Thursday, August 22nd 2019 - 18:51 UTC
Brazil central bank anticipates that there is scope to further cut interest rates

Brazilian central bank president Roberto Campos Neto said on Wednesday that the balance of economic risks and increasingly benign inflation means there is scope to cut interest rates further.
Thursday, August 22nd 2019 - 16:26 UTC
Argentina will support the Peso with international reserves

Argentina will not allow a chaotic fall in the peso and will use its dollar reserves to bolster the currency against political uncertainty that has swept the country since the Aug. 11 primary election, Treasury Minister Hernan Lacunza said on Wednesday.