Economy

• Friday, April 26th 2019 - 05:59 UTC

  Guyana oil jackpot: ExxonMobil has made its 13th discovery offshore

  

  The find was made at the Yellowtail-1 Well and represents the third discovery for this year and the fifth in the Turbot area, where ExxonMobil is evaluating its potential as an additional development hub.

• Friday, April 26th 2019 - 02:26 UTC

  Robots and computers will deeply transform 32% of current jobs, OECD says

  

  Robots and computers threaten 14% of existing jobs over the next 20 years, so countries must retrain workers for a transformed labour market, the OECD warned on Thursday.

• Thursday, April 25th 2019 - 21:48 UTC

  Economic collapse in Argentina worsens in a volatile day: Macri blames uncertainty

  

  Argentina lived on Thursday another day in which the dollar rebounded and the country risk exceeded 1000 points. President Mauricio Macri criticized the “short-term” view of the markets and the Central Bank (BCRA) had to intervene by positioning the interest rate at 70% and diverting the futures market to contain the demand on the currency, preventing it from reaching the maximum accorded of 51.45 pesos.

• Thursday, April 25th 2019 - 09:59 UTC

  Argentine government admits that political uncertainty is behind the current collapse of economic indexes

  

  Argentine economy Minister Nicolás Dujovne stated that political uncertainty ahead of the upcoming presidential election this October is the main factor for increases in Argentina's country risk and instability on the exchange markets.

• Thursday, April 25th 2019 - 09:29 UTC

  Brazil: Investors fearful of reaction to pension reform next steps in congressional debate

  

  Brazilian markets slumped on Wednesday, a day after a planned pension overhaul cleared a congressional hurdle following a lengthy debate that highlighted the government’s struggle to build support for its signature reform policy.

• Thursday, April 25th 2019 - 09:28 UTC

  Xi receives Piñera, praises Chile and calls for a pragmatic cooperation

  

  China and Chile should connect their development strategies and promote interconnectivity between Chile and other Latin American countries, President Xi Jinping said on Wednesday.

• Thursday, April 25th 2019 - 09:20 UTC

  Brazil and Argentina exports taking over US corn markets

  

  US corn exports are facing increased competition from Brazil and Argentina, the two South American nations that are offering cargoes at competitive prices on the back of high crop output, a trend that could put downward pressure on Chicago corn prices in coming months, analysts said.

• Thursday, April 25th 2019 - 08:37 UTC

  UK approves “non-core” Huawei 5G data network despite warnings of security risk

  

  The UK government has approved the supply of equipment by Chinese telecoms firm Huawei for the UK's new 5G data network despite warnings of a security risk. There is no formal confirmation but the Daily Telegraph says Huawei will build “non-core” components such as antennas.

• Thursday, April 25th 2019 - 08:09 UTC

  Closer ties between China and the Development Bank of Latin America

  

  The head of a top Latin American financial institution believes China's Belt and Road Initiative, or BRI, could help inject new dynamism into the world economy, as well as generate new ideas to foster more connectivity between Asia and Latin America. Luis Carranza Ugarte, executive president and CEO of CAF－Development Bank of Latin America－is attending the second Belt and Road Forum for International Cooperation in Beijing this week.

• Wednesday, April 24th 2019 - 11:36 UTC

  Argentina trying to sell its soy bumper crop to China

  

  Argentina is pushing to increase agricultural trade with commodities-hungry China, as farmers on the country’s Pampas grains belt prepare for what is expected to be a bumper soybean harvest over the weeks ahead.