Economy

• Friday, May 3rd 2019 - 09:14 UTC

  Chevron completes purchase of controversial Petrobras refinery in Houston

  

  Chevron Corp completed a US$ 350 million purchase of a refinery in the Houston suburb of Pasadena, Texas, from Brazil’s Petrobras, Chevron said in a statement. The sale was agreed to in January, but Chevron put the transfer of the 112,229-barrel-per-day plant’s ownership on hold on April 2, telling Petrobras it had to prove the refinery would operate as promised.

• Friday, May 3rd 2019 - 09:10 UTC

  Agricultural machine makers anxiously waiting for Brazil's new farm credit package

  

  Uncertainty surrounding Brazil’s new farm credit package is worrying executives from the world’s largest agricultural machine makers since a delay on the definition of the program could hurt their sales.

• Friday, May 3rd 2019 - 09:03 UTC

  Bank of England interest rate evolution depend on resolution of the Brexit impasse

  

  United Kingdom interest rate increases could be “more frequent” than expected if the economy performs as the Bank of England is expecting, governor Mark Carney says. The markets are forecasting just one interest rate increase by 2021.

• Friday, May 3rd 2019 - 08:40 UTC

  Fed leaves interest rates unchanged despite strong pressure from Trump for a cut

  

  The US Federal Reserve has kept interest rates on hold despite pressure from President Donald Trump to announce a cut. The central bank said borrowing costs will remain at between 2.25%-2.5%.

• Friday, May 3rd 2019 - 08:29 UTC

  Bombardier selling its Northern Ireland operations: 3.600 jobs on the line

  

  The aerospace firm, Bombardier, is putting its Northern Ireland operation up for sale as part of a reorganization of the business. The Canadian aircraft manufacturer employs about 3,600 people across several locations in Northern Ireland.

• Wednesday, May 1st 2019 - 02:49 UTC

  The Argentine Peso responds to central bank measures sponsored by the IMF

  

  Argentina’s embattled peso currency gained briefly against the dollar on Tuesday after the central bank announced measures aimed at controlling volatility of the currency amid a grinding recession.

• Wednesday, May 1st 2019 - 02:40 UTC

  Argentine pork to China, which is suffering from an African swine fever epidemic

  

  Argentina announced on Tuesday it had struck a deal with Chinese authorities that would allow it to begin exporting pork to the Asian giant from 25 of the country’s meat-packing plants.

• Wednesday, May 1st 2019 - 02:34 UTC

  Trump again puts pressure on the Federal Reserve for raising interest rates

  

  President Donald Trump slammed the Federal Reserve on Tuesday for “incessantly” raising interest rates and said cutting rates by a full point would make the economy surge.

• 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.