Economy

Saturday, April 13th 2019 - 07:53 UTC
Hammond admits the idea of a second Brexit referendum is very likely

The idea of a second Brexit referendum is very likely to be put before Britain's parliament again although the government remains opposed to any new plebiscite, the British finance minister said on Friday.
Saturday, April 13th 2019 - 07:44 UTC
Bolsonaro prepares to open Amazon reserve to mining: pledges no bureaucratic impediments

Brazilian President Jair Bolsonaro said on Friday the country could open a vast reserve in the Amazon rainforest to mining, a move attempted by his predecessor that was quickly rescinded following an international environmental outcry.
Saturday, April 13th 2019 - 07:25 UTC
World Bank grant for Colombia to help deal with Venezuelan refugees

Colombia will receive a US$ 31.5 million grant to help deal with the flood of refugees from neighbouring Venezuela, the World Bank announced on Friday Colombia has received about a third of 3.7 million refugees who have fled the worsening crisis in Venezuela in recent years - the most dramatic and fastest exodus in the world after war-torn Syria, according to the United Nations.
Saturday, April 13th 2019 - 07:09 UTC
France calls for more Euro solidarity, otherwise the EU project is “unsustainable”

Widening differences over economic policy among Euro area countries are “unsustainable” and could undermine the currency union itself, French Finance Minister Bruno Le Maire said on Friday.“There isn't enough solidarity in the Euro-zone,” Le Maire told reporters on the sidelines of the International Monetary Fund and World Bank Spring meetings.
Friday, April 12th 2019 - 21:17 UTC
Tourists are cashing in on Argentina’s economic woes

International travelers are flocking to Argentina, taking advantage of the poorly performing peso to boost the value of their holiday spending money, according to latest data.
Friday, April 12th 2019 - 17:32 UTC
A leading Brazilian coffee exporter files for bankruptcy, hoping to restructure a debt of US$ 282 million

Terra Forte, one of the largest Brazilian coffee exporters, has filed for bankruptcy protection in a Sao Paulo state court, lawyers for the company said. Law firm Freire, Assis, Sakamoto e Violante said Terra Forte was looking to restructure 1.1 billion reais (US$ 288.2 million) in debt.
Friday, April 12th 2019 - 10:10 UTC
May defends the Brexit delay in Parliament, but Euro-skeptics call for her resignation

British Prime Minister Theresa May defended her decision to delay Brexit and seek a compromise exit plan with the opposition Labour Party as one angry lawmaker from her own party stood up in parliament on Thursday and asked her to resign.
Friday, April 12th 2019 - 10:04 UTC
Bank of England sees a “window of time” to forge a Brexit consensus

British politicians could now take some time to find a way forward on Brexit, Bank of England Governor Mark Carney said on Thursday, after Prime Minister Theresa May agreed on a delay of up to six months before leaving the European Union.
Friday, April 12th 2019 - 09:49 UTC
IMF: “foolish” for Argentine presidential candidates to abandon the program

Argentina’s economic reform program is beginning to show results, so it would “foolish” for presidential candidates to abandon the program, International Monetary Fund chief Christine Lagarde said Thursday.
Friday, April 12th 2019 - 09:45 UTC
Brazil's lower house speaker forecasts pension reform will be approved by next June

Brazil’s pension reform process will pick up momentum after the Easter holidays, staying on track for approval in the lower house in May or June, the lower house speaker Rodrigo Maia said on Thursday.