Economy

• Wednesday, October 16th 2019 - 07:27 UTC

  Brazil eyes a US$1.45 billion payday as big oil flocks to pre-salt

  

  Brazil expects to pocket some US$ 1.45 billion from the sixth round of oil and gas block licensing for the pre-salt zone offshore. Reuters reports, citing the special secretary to the Economy Ministry, Waldery Rodriguez, that the total minimum sum of signing bonuses for all the blocks that will be tendered on November 7th is US$ 1.9 billion.

• Wednesday, October 16th 2019 - 04:51 UTC

  APEC finance ministers meeting in Chile, cautiously optimistic on a Beijing/USA trade agreement

  

  APEC finance ministers expressed “moderate optimism” on Tuesday that the United States and China will end their trade war and sign an agreement during the forum's summit in Santiago next month.

• Tuesday, October 15th 2019 - 09:51 UTC

  Brazil's truck makers anticipate a strong 8% growth prospect this year

  

  Brazil’s largest truck makers are expressing optimism again about the growth prospects for Latin America’s largest economy, even as the country continues to struggle to rebound from a deep recession that began in 2015.

• Tuesday, October 15th 2019 - 09:50 UTC

  Nobel Economics Prize for work in fighting global poverty by three US-based economists

  

  US-based economists Abhijit Banerjee, Esther Duflo from MIT, and Michael Kremer. Harvard University, won the 2019 Nobel Economics Prize on Monday for work in fighting global poverty that has helped millions of children by favoring practical steps over theory.

• 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.