Economy

Thursday, June 13th 2019 - 09:31 UTC
Chilean copper miners on the verge of strike as of Friday

More than 3,200 workers at Chile's huge Chuquicamata copper mine plan to go on strike this week after union-management talks broke down, state-run miner Codelco - the world's largest copper producer - said on Wednesday.
Thursday, June 13th 2019 - 09:17 UTC
Global food prices rose for the fifth consecutive month in May

Global food prices rose for the fifth consecutive month in May, pushed up by rising prices of cheese and maize due to adverse weather conditions. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly traded food commodities, averaged 172.4 points in May, up 1.2 per cent from the previous month while still 1.9 per cent below its level in May 2018.
Thursday, June 13th 2019 - 08:52 UTC
Fiscal reforms crucial for Brazil's economy recovery, says the Central bank

The Brazilian economy’s ability to emerge from its current funk and return to “more robust” levels of growth largely hinges on the approval and implementation of fiscal reforms, the central bank’s deputy governor said in London.
Wednesday, June 12th 2019 - 08:40 UTC
US beats expectations: net oil exporter on a monthly basis starting November

The US will become a net oil exporter for the first time on a monthly basis in November, with crude and refined product exports exceeding imports by 220,000 b/d, the Energy Information Administration said on Tuesday.
Wednesday, June 12th 2019 - 07:54 UTC
Argentina grain exporters ready to replace the US as main supplier of Mexico

If trade strife continues between the United States and Mexico despite a deal struck on Friday, Argentine grain exporters are ready to step in to meet Mexican food demand, the head of an Argentine industry chamber said.
Wednesday, June 12th 2019 - 04:34 UTC
Retail giant Amazon becomes the world's most valuable brand, says Top BrandZ

US retail giant Amazon has moved past hi-tech titans Apple and Google to become the world's most valuable brand, a key survey showed on Tuesday. The brand value of Amazon surged by 52% to US$315 billion, global market research agency Kantar said in its 2019 100 Top BrandZ report.
Tuesday, June 11th 2019 - 19:56 UTC
Madrid ignores Trump's warnings: Huawei 5G service network for Spanish cities

Chinese telecoms giant Huawei is set to roll out its 5G service in several Spanish cities on Saturday, making it one of the first European countries with the ultrafast mobile phone network.
Monday, June 10th 2019 - 08:42 UTC
UK/South Korea sign in principle, first a post-Brexit free trade agreement

The UK and South Korea have signed an in principle free trade agreement (FTA) that seeks to maintain existing trade arrangements post-Brexit. International Trade Secretary Liam Fox signed the deal with his South Korean counterpart Yoo Myung-hee in Seoul.
Monday, June 10th 2019 - 08:37 UTC
IMF fears the impact on the financial system of the power of a a few giant technology companies

Giant technology companies might cause significant disruption to the world's financial system, the head of the International Monetary Fund has warned. Christine Lagarde said just a few firms with big data access and artificial intelligence could run the global payment and settlement arrangements.
Saturday, June 8th 2019 - 22:19 UTC
Argentina: Overprices of up to 90% in sales to Venezuela detected

Inconsistencies were found in binational businesses for overpricing and irregular billing for more than 20,000 million dollars between Venezuela and Argentina. According to a report from the General Syndicature of the Nation (Sigen), which was accessed by the newspaper La Nación, between 2012 and 2016 at least 15 Argentine companies would be involved in the escrow between the two countries.