Economy

• Wednesday, May 29th 2019 - 09:58 UTC

  Central Bank reveals that Maduro administration shrunk Venezuela's economy by the half

  

  After several years, the Central Bank of Venezuela (BCV) published results of gross domestic product (GDP) until the third quarter of 2018, with which officially confirms the recession that is experienced in the oil country. With the data it is known then that between the third quarter of 2013 to September of last year the economy lost 52.3%. President Nicolás Maduro is on power since 2014.

• Wednesday, May 29th 2019 - 09:23 UTC

  Mrs. May urges her successor to reach a Brexit deal, but Brussels insists there won't be any renegotiation

  

  Prime Minister Theresa May on Tuesday urged whoever succeeds her to get Britain out of the EU quickly but with a deal, as she met the bloc's leaders just days after announcing her resignation. May looked relaxed and smiled for the cameras as she arrived at a Brussels summit, the first one in many months that did not require her to wrangle with European colleagues over Brexit.

• Wednesday, May 29th 2019 - 09:06 UTC

  International capital inflow to Brazil exceeds forecasts

  

  Brazil posted a surprise current account deficit in April, central bank data showed on Monday, although as a share of national economic output Brazil's balance of payments shortfall with the rest of the world is showing signs of stabilizing.

• Tuesday, May 28th 2019 - 09:47 UTC

  Brazil's Guedes insists he will step down if the pensions reform is not approved by Congress

  

  Brazil’s Economy Minister Paulo Guedes threatened to step down if his ambitious plans to overhaul the country’s social security system are watered down and diluted into what he called a “little reform.”

• Tuesday, May 28th 2019 - 09:47 UTC

  Rationing, long queues and empty shelves in Cuba as the economy heads to recession

  

  As long lines outside shops with mostly bare shelves are increasingly common in Cuba, and the government has indeed signaled that things are going from bad to worse, Havana is blasting president Donald Trump's administration for the hardship and misery.

• Tuesday, May 28th 2019 - 09:35 UTC

  IMF contradicts Trump: US companies and consumers are paying for the higher tariffs on Chinese imports

  

  Companies in the United States are paying almost all the costs from tariffs on Chinese imports, International Monetary Fund (IMF) researchers said in findings that contradict US President Donald Trump's assertions that China is footing the bill.

• Monday, May 27th 2019 - 05:52 UTC

  Trump announces US$ 16billion to help farmers caught in the US/China trade dispute

  

  US President Donald Trump unveiled a new US$16 billion aid package to help farmers caught in the crossfire of his trade war with China. “The farmers have been attacked by China,” Trump told reporters at the White House. “We're going to help out our farmers and we're giving them that level playing field that is so important.”

• Monday, May 27th 2019 - 05:38 UTC

  “Positive” cruise season for Punta Arenas; planning a 34% increase for 2019/20

  

  For Punta Arenas, extreme south of Chile, this last cruise season was “positive” while the coming 2019/20 is expected to be even better with some 130 calls and over 94.000 passengers with an estimated increase of 34%, according to Patricia Lopez Manieu, General Manager of the Austral Ports Company, EPA, from Punta Arenas.

• Monday, May 27th 2019 - 03:32 UTC

  New setback for Argentina's economy shown in leading report

  

  Argentina's beleaguered industrial activity fell 10.3% in April due to the peso's devaluation coupled with rampant inflation, the Argentine Confederation of the Medium-Size Company (CAME) reported over the weekend.

• Sunday, May 26th 2019 - 21:12 UTC

  Judgment to the former administrators of Pescanova considered responsible for fraudulent bankruptcy

  

  The Fourth Section of the Criminal Chamber of the National Court will judge the old Pescanova former administrators for making up the accounts of the company as of December 2, with the prospect that more than 40 sessions will be held and the procedure will be seen for sentencing in March 2020, as specified in the oral trial notice to which Europa Press has had access.