Economy

Friday, November 29th 2019 - 09:26 UTC
Primary budget surplus during October in Brazil but nominal deficit stands at 6% of GDP

Brazil’s public finances improved in October, Treasury figures showed on Thursday, as a seasonally expected monthly surplus helped reduce the government’s overall deficit this year and keep it on track to come in below target.
Friday, November 29th 2019 - 09:19 UTC
EU approves increase in US beef imports to ease bilateral trade tensions

European Union lawmakers approved an increase in U.S. beef imports to the EU on Thursday, a move likely to ease transatlantic tensions. But they also criticized tariffs imposed by U.S. President Donald Trump on metal imports and a threat he has made to target EU cars and car parts.
Friday, November 29th 2019 - 09:05 UTC
Social upheaval torn Chile to sell up to US$ 20 billion to support the Peso

Chile's central bank might sell up to US$20 billion in foreign currency interventions starting on Monday in a bid to stabilize the local currency, the monetary authority said in a statement on Thursday after the peso hit a new all-time low.
Friday, November 29th 2019 - 08:41 UTC
Argentine president elect wants to pay debt, and promises no haircuts

Argentine president-elect Alberto Fernandez said on Thursday he did not want to fall short on debt obligations even as his government puts a premium on growth. Fernandez, who takes office on Dec. 10, will need to negotiate with creditors including the International Monetary Fund as Argentina buckles under the weight of about US$100 billion in sovereign debt.
Friday, November 29th 2019 - 08:01 UTC
Falklands' finances have to manage with budget surpluses

The Falkland Islands Standing Finance Committee met on November 27 in the Liberation Room, Stanley and reported that the forecast operating surplus for the year is now £11.3 million, excluding capital expenditure.
Thursday, November 28th 2019 - 09:46 UTC
Falklands government and fishing companies contrast over ITQ fees

The announcement by the Falkland Islands Executive Council referred to ITQ fees, particularly toothfish and calamari, which would represent an annual £3.9 million additional income for government coffers, was contrasted by a release from the Falklands' seafood sector pointing out that “to increase quota access fees paid by local fishing companies by 50% will increase costs to the industry by £4 million per annum”
Wednesday, November 27th 2019 - 09:55 UTC
Alberto Fernandez renounces to IMF loan: “I want to stop asking for money”

Argentina's president-elect Alberto Fernandez said on Tuesday he would renounce the remaining US$11 billion tranches of the country's International Monetary Fund loan as soon as he takes office next month.
Wednesday, November 27th 2019 - 09:43 UTC
Boris Johnson is “dangerous and unfit for office”, claims Scottish leader Sturgeon calling for a vote to “escape Brexit”

Scotland's leader Nicola Sturgeon is to accuse Prime Minister Boris Johnson of being “dangerous and unfit for office” as she launches the SNP's election manifesto. The SNP leader will say that a vote for her party on 12 December will be a vote to “escape Brexit and put Scotland's future in Scotland's hands”.
Tuesday, November 26th 2019 - 09:52 UTC
New IMF head of mission in Argentina, as Macri prepares to step down from office

The International Monetary Fund has named as head of its mission in Argentina, Luis Cubeddu, 53, replacing Italian born Roberto Cardarelli. Cubeddu is knowledgeable in Argentina since he was in Buenos Aires between 2002/04, during a similar financial pre-default situation, as a member of the IMF representation.
Tuesday, November 26th 2019 - 09:48 UTC
Argentina 2019: annual inflation of 55% and economy contraction of 2.7%

Argentina will finish 2019 at 55% annual inflation, the country’s treasury minister said on Monday, capping off a tumultuous year for Latin America’s No. 3 economy that also saw voters usher in a new leftist government.