Economy

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
Saturday, April 27th 2019 - 09:59 UTC
With markets and assets falling, Argentina becomes a magnet for bargain hunters

Argentine assets have tumbled so far, so fast that a few stout-hearted investors say it might be time to buy. “Find me a high-yield sovereign country with an IMF program paying so generously,” said Jean-Dominique Butikofer, the Atlanta-based head of emerging-market fixed income at Voya Investment Management, which oversees about US$ 205 billion.
Saturday, April 27th 2019 - 09:30 UTC
Piñera in Beijing business forum invites Chinese companies to invest in Chile

Chilean President Sebastian Piñera kicked off an investment forum in Beijing this week with an invitation for China to use Chile as a jumping off point to do business in Latin America, even as Washington has warned Chile to proceed with caution.
Friday, April 26th 2019 - 10:48 UTC
Falklands' annual inflation to March 2.3%: under spend of the 2018/19 budget

Contrary to what happens in the region, and for that matter in most of the world, inflation in the Falkland Islands is on target and the budget performance remains under spent with strong Capital projects carryover from previous budgets.
Friday, April 26th 2019 - 10:31 UTC
Growing disenchantment with President Bolsonaro, opinion polls show

The number of Brazilians rejecting the government of right-wing President Jair Bolsonaro continued to rise this month, according to an opinion poll released on Wednesday, underscoring his early struggles after easily winning an October election.
Friday, April 26th 2019 - 10:29 UTC
Brazilian Vice-president on a ten day visit to China next May 16

Brazil’s Vice President Hamilton Mourao will travel to China on May 16, staying for 10 days with stops in Beijing and Shanghai. Mourao, a former general who is seen as a moderate in the far-right government of Jair Bolsonaro, has recently become embroiled in a nasty war-of-words with the president’s sons, who are both influential lawmakers.
Friday, April 26th 2019 - 10:22 UTC
Xi pledges China an end to export subsidies and no competitive devaluation of the Yuan

Chinese President Xi Jinping vowed Friday (Apr 26) to abolish subsidies to firms that impede fair competition - addressing a major bone of contention in US trade talks. Xi repeated past promises to lower tariffs, increase imports and open up more sectors of China's economy to foreign businesses.
Friday, April 26th 2019 - 09:58 UTC
Falklands second flight, this time to Sao Paulo set to start in November

Falkland Islands' lawmaker MLA Barry Elsby told the Legislative Assembly that the new Latam flight to São Paulo is set to start in November, adding that contractual negotiations with the air carrier are “well advanced and nearing completion.”