Economy

• Saturday, May 4th 2019 - 09:56 UTC

  Brazil and Argentine currencies recover against a weaker US dollar

  

  Latin American currencies ended on a high note on Friday against a weaker dollar after robust U.S. jobs data painted a brighter picture for global growth and gave the U.S. central bank more reason to stay on its dovish path.

• Saturday, May 4th 2019 - 09:54 UTC

  Brazilian industrial production down 1.3% in March and 6.1% from a year ago

  

  Brazil’s industrial production fell 1.3% in March from the month before, statistics agency IBGE said on Friday, a steeper fall than economists had expected and another indication of the economy’s sub-par performance in the first quarter.

• Friday, May 3rd 2019 - 11:46 UTC

  Latin American currencies softened against a strong US dollar following the Fed's two days meeting

  

  Latin American currencies softened against a stronger U.S. dollar on Thursday, a day after the U.S. Federal Reserve kept interest rates steady, while most regional stock markets broadly fell along with their global peers.

• Friday, May 3rd 2019 - 09:55 UTC

  “Falklands must be proud of their healthy and vibrant democracy”, says BFSAI commander

  

  Penguin News caught up with the Commander of British Forces for the South Atlantic Islands, Brigadier Nick Sawyer stationed in the Falkland Islands.

• Friday, May 3rd 2019 - 09:14 UTC

  Chevron completes purchase of controversial Petrobras refinery in Houston

  

  Chevron Corp completed a US$ 350 million purchase of a refinery in the Houston suburb of Pasadena, Texas, from Brazil’s Petrobras, Chevron said in a statement. The sale was agreed to in January, but Chevron put the transfer of the 112,229-barrel-per-day plant’s ownership on hold on April 2, telling Petrobras it had to prove the refinery would operate as promised.

• Friday, May 3rd 2019 - 09:10 UTC

  Agricultural machine makers anxiously waiting for Brazil's new farm credit package

  

  Uncertainty surrounding Brazil’s new farm credit package is worrying executives from the world’s largest agricultural machine makers since a delay on the definition of the program could hurt their sales.

• Friday, May 3rd 2019 - 09:03 UTC

  Bank of England interest rate evolution depend on resolution of the Brexit impasse

  

  United Kingdom interest rate increases could be “more frequent” than expected if the economy performs as the Bank of England is expecting, governor Mark Carney says. The markets are forecasting just one interest rate increase by 2021.

• Friday, May 3rd 2019 - 08:40 UTC

  Fed leaves interest rates unchanged despite strong pressure from Trump for a cut

  

  The US Federal Reserve has kept interest rates on hold despite pressure from President Donald Trump to announce a cut. The central bank said borrowing costs will remain at between 2.25%-2.5%.

• Friday, May 3rd 2019 - 08:29 UTC

  Bombardier selling its Northern Ireland operations: 3.600 jobs on the line

  

  The aerospace firm, Bombardier, is putting its Northern Ireland operation up for sale as part of a reorganization of the business. The Canadian aircraft manufacturer employs about 3,600 people across several locations in Northern Ireland.

• Wednesday, May 1st 2019 - 02:49 UTC

  The Argentine Peso responds to central bank measures sponsored by the IMF

  

  Argentina’s embattled peso currency gained briefly against the dollar on Tuesday after the central bank announced measures aimed at controlling volatility of the currency amid a grinding recession.