Economy

Thursday, March 28th 2019 - 09:27 UTC
Foreign companies in Brazil becoming impatient with the government of Bolsonaro

Swiss pharmaceutical company Roche said this week it will stop producing medicines at its Rio de Janeiro unit in Brazil, a new blow to a country whose economy appears to be in its most sluggish decade in 120 years. Roche said the move will take place within the next five years because that factory is not financially sustainable.
Thursday, March 28th 2019 - 09:21 UTC
Following Parliament Brexit deadlock, Mrs. May deal is back for a third attempt

Efforts to persuade MPs to back Theresa May's Brexit deal will continue on Thursday, a day after she promised to quit as PM if it was approved. Her pledge brought some on-side, such as ex-foreign secretary Boris Johnson.
Thursday, March 28th 2019 - 08:27 UTC
Boeing says it has made changes to the control systems linked to fatal crashes

Boeing has issued changes to controversial control systems linked to two fatal crashes of its 737 Max planes in the last five months. But it's still not certain when the planes, that were grounded worldwide this month, will be allowed to fly. Investigators have not yet determined the cause of the accidents.
Wednesday, March 27th 2019 - 20:54 UTC
Dollar rises in Uruguay while tension increases in Argentine markets

In Uruguay, the dollar traded at noon on the state bank Banco Republica (Brou) board at $ 33.20 for the purchase and $ 34.60 for the sale, 45 cents above the close price on Tuesday. On the board of private exchanges, the currency to the public came to sell at $ 34.80 and $ 34.90.
Wednesday, March 27th 2019 - 08:48 UTC
Argentine financial markets jittery over October elections uncertainty

Investors in Argentina are starting to get the jitters. The gap in yield between local and U.S.-issued bonds has roughly doubled in the last month in the face of stubborn inflation and mounting peso outflows, heaping pressure on President Mauricio Macri ahead of elections later in the year.
Wednesday, March 27th 2019 - 08:27 UTC
Poll shows 80% of UK think government has handled Brexit negotiations badly

More than 80% of the country think the British government has handled the Brexit negotiations badly, a new poll suggests. A survey by NatCen Social Research found that just 7% of Britons thought ministers had done a good job in the talks, while 81% said they were handling them badly.
Wednesday, March 27th 2019 - 08:23 UTC
Brazilian pensions reform stumbles with first challenges; markets remain volatile

Brazil's pension reform process hit two speed bumps on Tuesday, as Economy Minister Paulo Guedes did not attend a first congressional hearing on the proposals and a bloc of eleven political parties demanded the removal of changes affecting retirement benefits for rural and disabled workers.
Wednesday, March 27th 2019 - 08:19 UTC
Brexit's quandary: Euro-skeptics could still support Mrs. May's deal

British Prime Minister Theresa May will address her Conservative lawmakers on Wednesday, possibly to set out a timetable for her departure in a last throw of the dice to win support for her twice-rejected Brexit deal in parliament. At her weakest after parliament on Monday seized control of Brexit, May has yet to give up hope of winning approval for her deal to leave the European Union, which she says is the only way of ensuring an orderly exit that will protect the economy.
Wednesday, March 27th 2019 - 07:17 UTC
Road map for Brexit “indicative” votes this Wednesday

MPs in the House of Commons have voted for an amendment enabling them to take control of Commons business and stage a series of “indicative” votes on the way forward for Brexit.
Wednesday, March 27th 2019 - 07:01 UTC
Venezuelan workers sent home and schools closed because of the blackout

Venezuela's government told workers and school children to stay home on Tuesday as the second major blackout this month left the streets of Caracas mostly empty and residents wondering how long power would be out amid a deepening economic crisis.