Economy

• Thursday, November 21st 2019 - 09:21 UTC

  Fed dismisses the idea of negative interest rates, despite Trump's insistence, according to released minutes

  

  US central bankers last month dismissed the idea of taking interest rates into negative territory, something President Donald Trump has called for many times, according to meeting minutes released on Wednesday.

• Wednesday, November 20th 2019 - 09:59 UTC

  Judge ratifies Wednesday's air link between Sao Paulo and Malvinas/Falklands

  

  Argentine federal judge Luis Rodriguez ratified on Tuesday the green light for Latam's flight, beginning this Wednesday, linking Sao Paulo in Brazil and Cordoba with the Falkland/Malvinas Islands, after throwing out a request to suspend the link.

• Wednesday, November 20th 2019 - 09:56 UTC

  Fernandez tells IMF, “we want to make a commitment that we can keep”

  

  Argentina’s president-elect, Alberto Fernandez, has a “sustainable” plan to meet creditor obligations as well as maintain growth, he told the International Monetary Fund´s managing director Kristalina Georgieva, his office said.

• Wednesday, November 20th 2019 - 09:55 UTC

  Brazil's Real depreciating against the US dollar, but inflation remains below target

  

  Brazil’s Real is sliding toward an all-time low against the U.S. dollar, but the central bank appears in no rush to intervene to slow or even reverse the fall. Despite the Real’s historical weakness, the market is functioning smoothly: depreciation, so far, has been fairly orderly, volatility is low, liquidity has not dried up, and the Real is not the only emerging market currency under pressure.

• Wednesday, November 20th 2019 - 09:45 UTC

  Bolivian forces take control of major gas plant; crucial political discussions for a new election date

  

  Bolivian police and military forces used armoured vehicles and helicopters to clear access to a major gas plant in the city of El Alto on Tuesday, a show of strength after blockades at the facility had cut off fuel supply to nearby La Paz.

• Wednesday, November 20th 2019 - 09:29 UTC

  Trump again threatens China with higher tariffs if no deal is reached

  

  The United States would raise tariffs on Chinese imports if no deal is reached with Beijing to end a trade war, US President Donald Trump said on Tuesday, threatening an escalation of the spat that has damaged economic growth worldwide.

• Tuesday, November 19th 2019 - 09:36 UTC

  Falklands/Sao Paulo air link: Argentina requests “most discretion” from Brazil

  

  Argentina has requested “most discretion” for the coming Wednesday air link and first flight between Sao Paulo and the Falkland Islands, suggesting no officials be present at the departure. The news was revealed by one of Brazil's main dailies and allegedly the request arrived through informal diplomatic channels from the Argentine foreign ministry.

• Tuesday, November 19th 2019 - 09:09 UTC

  Two million Argentines will be entitled to a “food stamps” system

  

  An estimated two million Argentines will be entitled to a foods stamp system to be implemented as part of the plan to fight hunger of the next government headed by president-elect Alberto Fernandez.

• Tuesday, November 19th 2019 - 08:55 UTC

  Maduro publicly thanks God for the all mighty dollar as an escape valve for Venezuela's economy

  

  Venezuelan President Nicolás Maduro embraced the currency of his bitter rival the United States on Sunday, calling it an “escape valve” that can help the country weather its economic crisis amid U.S. sanctions aimed at forcing him from power.

• Tuesday, November 19th 2019 - 08:34 UTC

  Chile's GDP expands 3.3% in 3Q, but prospects for 4Q are discouraging

  

  Chile's gross domestic product grew 3.3 percent in the third quarter of 2019 compared with a year earlier, the central bank said on Monday. The market had predicted relatively strong growth during the July through September period, citing improving prospects for the country's all-important mining industry.