Economy

Thursday, October 17th 2019 - 09:54 UTC
September inflation in Argentina reaches 5.9% and 53.5% in twelve months

Argentina consumer prices rose 5.9% in September, the country’s statistics agency said on Wednesday, the sharpest jump in a year amid a flaring economic crisis in Latin America’s no. 3 economy. That brought year-to-date inflation to 37.7%, the National Institute of Statistics and Censuses (INDEC) said, while rolling 12-month inflation was running at 53.5%.
Thursday, October 17th 2019 - 09:46 UTC
EU Council president Tusk hopeful a Brexit deal is ready to materialize

EU Council President Donald Tusk said on Wednesday that the basic foundations of an agreement on Brexit were ready and that it could materialize within hours.
Wednesday, October 16th 2019 - 17:54 UTC
Brazilians allowed to double purchases in duty free shops to US$ 1.000

Brazilian Minister of Economy, Paulo Guedes, signed a resolution on Monday raising the limit of purchases in duty-free shops from US$ 500 to US$ 1,000. The new value for purchases from foreign and domestic airports and border free shops, starts January 1, 2020.
Wednesday, October 16th 2019 - 17:40 UTC
Brazilian economy still on the takeoff tarmac, lack of confidence blamed

Brazil's economy is on an erratic path, according to economic activity data released for the third quarter of 2019. The economy shows no signs of a consistent recovery, and economic activity still depends on household consumption, trade, and the service sector.
Wednesday, October 16th 2019 - 08:54 UTC
Mercosur expects to conclude trade deals with Singapore and South Korea next year

Mercosur aims to conclude free trade agreements Singapore and South Korea by next year, as it also eyes deals with several other Asian countries, a Brazilian diplomat said on Tuesday.
Wednesday, October 16th 2019 - 08:35 UTC
Brazil looking to a dynamic holiday season and temporary jobs

Brazil's National Trade Confederation (CNC) announced that they expect 91,000 temporary jobs will be created in the upcoming holiday season. The figure is the highest estimated in the past six years and, if confirmed, will represent a 4% increase year-on-year.
Wednesday, October 16th 2019 - 08:10 UTC
A “ghost ship” smuggling Venezuelan oil probable cause of the massive spill along Brazilian northeast beaches

A huge oil spill off Brazil's northeastern coast may have involved a “ghost ship” carrying Venezuelan oil in breach of US sanctions, a Petrobras expert close to the probe into the disaster said on Tuesday.
Wednesday, October 16th 2019 - 08:01 UTC
Roche family member claims “short term profit maximization has destroyed the planet”

A member of Swiss drug-maker Roche's controlling family said that short-term profit maximization has “destroyed the planet” and the world needs a new breed of capitalism putting long-term interests first.
Wednesday, October 16th 2019 - 07:51 UTC
Fitch Ratings has LATAM sovereigns on the watch list

One in four Fitch-rated corporates in Latin America is exposed to either a one-notch sovereign or country ceiling downgrade, while ratings for nearly one-third of issuers are vulnerable to a two-notch downgrade, according to the latest from Fitch Ratings.
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.