Economy

Saturday, October 12th 2019 - 09:50 UTC
“Argentina's financial downturn is a crisis of confidence in political institutions”

Argentina's financial crisis has been exacerbated by the political uncertainty facing the country with its president Mauricio Macri now most likely to be voted out of office at the national elections at the end of the month. However, according to Claudio Zuchovicki, the secretary-general of the Iberoamerican Stock Exchange Federation, the financial downturn is mostly a crisis of confidence in political institutions.
Saturday, October 12th 2019 - 09:10 UTC
Fed announces supply of reserves plan to avoid “cash crunches”

The Federal Reserve has announced a new program to boost liquidity in the US financial plumbing and allow the central bank to better manage interest rates, but without changing monetary policy.
Friday, October 11th 2019 - 09:58 UTC
Argentina: Oil industry fearful of tariffs' freezing as suggested by Alberto Fernandez advisors

Argentina's front-running candidate for president, Alberto Fernandez, has been asked by advisors within his left-leaning coalition to freeze natural gas and power tariffs and to peg oil product prices to pesos instead of dollars as measures to contain inflation and spur economic growth.
Friday, October 11th 2019 - 09:49 UTC
Trade Integration more important for Latin America and the Caribbean as growth slows, World Bank

The Latin America and Caribbean (LAC) region has entered a new phase of weak economic performance, but increased integration in international trade and global value chains could reinvigorate economic growth.
Friday, October 11th 2019 - 09:21 UTC
Barnier/Barclay breakfast in Brussels to unlock Brexit following understanding between Johnson and Varadkar

Britain and Europe's top Brexit negotiators sit down together on Friday to test what British and Irish leaders say might be a “pathway” to a deal. Technical talks on an agreement to govern Britain's EU divorce are stalled, just days before what had been billed as a last chance European summit.
Friday, October 11th 2019 - 09:02 UTC
No one party veto over a possible agreement on the Irish border, and a Brexit deal

No single party in Northern Ireland will be given a veto in any Brexit deal that is now “a distinct possibility” following a positive meeting between the Irish and British leaders on Thursday, Britain’s Northern Ireland minister said.
Thursday, October 10th 2019 - 09:57 UTC
Brazil's Senate to hold a final vote on pension reform on 22 October

Brazil’s Senate will hold the second and final vote on pension reform on Oct. 22, party leaders agreed on Tuesday night after long discussions, according to Senator Antonio Anastasia of the Brazilian Social Democratic Party.
Thursday, October 10th 2019 - 09:50 UTC
Deflation in Brazil: consumer prices during September slipped 0.04%

Brazilian consumer price inflation fell to its lowest in more than a year in September, official figures on Wednesday showed, a reading below the central bank’s target that is likely to strengthen expectations of another cut in interest rates.
Thursday, October 10th 2019 - 09:49 UTC
Mexico urged to implement labor reform to help speed ratification of the new North American free trade deal

The leader of a U.S. congressional delegation to Mexico said that Mexico must take more concrete steps to implement its labor reform, after a trip aimed at speeding up ratification of the new North American free trade deal.
Thursday, October 10th 2019 - 09:36 UTC
UK Trade secretary tells WTO conference, “Britain is back” as a sovereign nation

Britain is looking forward to “taking back control” of its trade policy after it exits the European Union later this month, a government minister told the World Trade Organization on Wednesday. Speaking at a WTO conference, International Trade Secretary Liz Truss said her country was preparing to seize “a golden opportunity.”