Economy

• Friday, October 25th 2019 - 09:52 UTC

  Fitch says Argentina's weak credit fundamentals limit debt exchange scope: suggests a “haircut”

  

  Rating agency Fitch said on Thursday that Argentina’s weak credit fundamentals, in terms of both liquidity and solvency, limit the scope for a debt exchange that minimizes losses for investors beyond maturity extensions.

• Friday, October 25th 2019 - 09:40 UTC

  Draghi steps down, but the debate on soft money and how to prop the Euro-zone economy remains unchanged

  

  Departing European Central Bank president Mario Draghi said on Thursday the proudest legacy from his eight-year term was the ability to “never give up” in the face of economic crises, internal dissent, and external criticism.

• Friday, October 25th 2019 - 08:41 UTC

  Johnson proposes Parliament time to scrutinize his Brexit deal for a snap election on 12 December

  

  British Prime Minister Boris Johnson on Thursday offered parliament more time to scrutinize his Brexit deal if it agrees to hold a snap general election on Dec 12. The premier suspended debates on his EU divorce deal after MPs on Tuesday refused to rush it through parliament in time for the Oct 31 Brexit deadline.

• Friday, October 25th 2019 - 04:00 UTC

  Uruguay’s wealth management specialist booming under Argentine financial issues

  

  Argentina has been facing significant financial issues in the last decade, and Uruguay wealth management teams are poised to take advantage.

• Thursday, October 24th 2019 - 09:59 UTC

  Bolsonaro warns next Argentine government: Mercosur must continue with Macri's trade policies

  

  A possible victory of opposition candidate Alberto Fernández in Argentina's presidential election on Sunday could put the Mercosur trade bloc at risk, Brazil's right-wing president, Jair Bolsonaro, said on Wednesday.

• Thursday, October 24th 2019 - 09:55 UTC

  Argentine markets concerned about what happens on Monday 28 October

  

  Argentine markets are set for another bout of nerves after the country holds a presidential election on Sunday, likely to confirm defeat for business-friendly President Mauricio Macri.

• Thursday, October 24th 2019 - 09:50 UTC

  Venezuela exodus on track to reach 5 million, says UN; 5.000 leave every day

  

  The exodus of Venezuelans is on track to reach 5 million people, as pressure grows on neighboring countries to provide them with long-term support, United Nations and European Union officials said on Wednesday.

• Wednesday, October 23rd 2019 - 09:55 UTC

  Brazil approves pensions' reform: markets soar and stocks hit an all time high

  

  Brazil's Senate on Tuesday gave final approval to a landmark reform of the country's social security system, in a step seen as key to stabilizing public finances and the economy. The text was approved by a vote of 60-19.

• Wednesday, October 23rd 2019 - 09:28 UTC

  EC's Tusk will recommend EU leaders to grant a Brexit extension

  

  European Council President Donald Tusk said on Tuesday he will recommend EU leaders grant another Brexit extension, hours after British MPs rejected Prime Minister Boris Johnson's bid to force his divorce deal through parliament this week.

• Tuesday, October 22nd 2019 - 12:12 UTC

  How has the US-China trade war affected forex?

  

  There are many factors that affect the value of currencies and influence the flow of foreign exchange, but few have a more significant impact than a trade war.