Economy

• Tuesday, April 30th 2019 - 09:59 UTC

  Argentine Peso gains strength as IMF agrees to more central bank flexibility

  

  Argentina’s embattled peso gained strength on Monday after the central bank said it would ease limits on its foreign exchange market interventions, signaling its willingness to sell reserves in an effort to better control the volatility of the local currency. The peso began the session up 3.37% and closed 3.56% stronger at 44.37 per U.S. dollar.

• Tuesday, April 30th 2019 - 09:58 UTC

  Brazil's central government finances tend to improve

  

  Brazil’s central government’s primary budget deficit narrowed in March thanks to aggressive cuts in discretionary spending, the Treasury said on Monday, although it warned that public finances were still at risk from pension commitments and weak revenues.

• Tuesday, April 30th 2019 - 09:55 UTC

  Major strike and march announced for this Tuesday in Argentina, but unions remain divided

  

  A national strike will halt much of shale-rich Argentina's economy on Tuesday amid growing investor concern that market-oriented president Mauricio Macri will lose a bid for re-election in October, swinging Argentina back toward state intervention.

• Tuesday, April 30th 2019 - 09:50 UTC

  US and China in new round of trade talks in Beijing: some key issues remain to be discussed

  

  The US and China are due to begin a fresh round of talks in Beijing on Tuesday as they edge closer to resolving their damaging trade dispute. The discussions will be led by US Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He.

• Tuesday, April 30th 2019 - 09:16 UTC

  MasterCard and Visa agree to charge 40% less on non-EU credit and debit cards

  

  Mastercard and Visa have both agreed to cut their fees for tourists using their cards in the EU, after a long-running battle with the European Commission. The credit card firms will now charge retailers around 40% less on non-EU credit and debit cards payments.

• Monday, April 29th 2019 - 08:56 UTC

  Argentine mining investments expected to reach US$ 29 billion this year

  

  The Argentine Chamber of Mining Entrepreneurs issued a report this week stating that it expects mining industry investments to reach US$ 29 billion and employ about 80,000 people in 2019.

• Monday, April 29th 2019 - 08:32 UTC

  Amazon Prime Service promises to cut delivery times worldwide

  

  Amazon has promised to cut delivery times worldwide for customers of its Prime service. Amazon Prime is a subscription service offering free delivery and access to Amazon's TV shows.

• Saturday, April 27th 2019 - 11:30 UTC

  A week of volatility in Argentina ends with the Peso down 8.81%

  

  Argentina’s peso fell back on Friday afternoon to post a record low close, giving up earlier gains after a tumultuous week that saw the currency battered to its weakest ever level and local debt pummeled as anxious investors fled.

• Saturday, April 27th 2019 - 10:15 UTC

  US economy beats expectations and expands 3.3% in the first quarter

  

  The US economy grew much faster than expected in the first quarter of the year, helped by a jump in exports and by firms building up stocks of goods. The economy expanded at an annualized pace of 3.2% in the January-to-March period, well above analysts' forecasts.

• Saturday, April 27th 2019 - 10:13 UTC

  Microsoft hit this week trillion-dollar value mark for the first time

  

  Microsoft hit the trillion-dollar value mark on Thursday for the first time, becoming the third technology giant to reach the milestone. Shares in Microsoft rallied some 5% in early Wall Street trade after a robust earnings report a day earlier to lift the value briefly above US$1 trillion