Economy

Tuesday, April 9th 2019 - 09:59 UTC
Argentina's Peso takes a rest after a hectic week but the country risk shoots to its highest this year

Latin American stocks were flat on Monday, partly subdued by delays in important pension reform in Brazil, while currencies in the region rose against a weak dollar but Argentina's peso hovered around record-low levels on political uncertainty and the highest country risk so far this year.
Tuesday, April 9th 2019 - 07:41 UTC
Gibraltar prepares for European elections because of Brexit delays

The Gibraltar Parliament unanimously passed legislation to enable Gibraltar to vote in the European election in May should this become necessary because of delays to Brexit. The parliament approved an amendment to primary legislation to ensure the electoral register for the European Union election is ready despite the short window of time available.
Tuesday, April 9th 2019 - 07:29 UTC
Venezuela pledges to fulfill its commitments to Cuba despite US sanctions

Venezuela will “fulfill its commitments” to Cuba despite United States sanctions targeting oil shipments from Maracaibo to its ideological ally, Foreign Minister Jorge Arreaza said on Monday.
Tuesday, April 9th 2019 - 07:10 UTC
Record money transfers to developing countries in 2018, but transfer costs too high claims World Bank

Money transfers to poor and developing countries hit a fresh record in 2018 and should become their largest source of external financing this year, the World Bank said on Monday. But many banks and money transfer operators charged too much, cutting into the gains of migration, the bank said in a statement.
Tuesday, April 9th 2019 - 06:54 UTC
Standard Chartered could pay some US$ 1 billion to resolve an investigation into Iran US sanctions violations

London based Standard Chartered is expected to pay slightly more than US$1 billion to resolve a nearly five-year-old investigation of potential U.S. sanctions violations tied to its banking for Iran-controlled entities in Dubai, as well as a related U.K. probe, according to a report from Reuters.
Tuesday, April 9th 2019 - 06:30 UTC
France approves tax on digital giants: defends fiscal sovereignty and honored to break ground

French lawmakers on Monday approved a new tax on digital giants such as Facebook and Apple that has angered the United States, with Finance Minister Bruno Le Maire boasting that France was proud to be in the vanguard of such a move.
Tuesday, April 9th 2019 - 06:02 UTC
Baroness Fairhead visits Argentina and Brazil to bolster trade and investment relations

Minister of State for Trade and Export Promotion Baroness Fairhead, is travelling to Brazil after visiting Argentina this week to meet with key Brazilian and Argentine businesses and government ministers to discuss the UK’s commitment to trade and investment in both countries and the wider Latin American and Caribbean (LATAC) region.
Monday, April 8th 2019 - 12:24 UTC
Brexit tariffs' scare: 21.000 tons of Falklands Loligo en route to Galicia

Reefers loaded with Falklands' Loligo are rushing to Vigo most concerned about what will happen on April 12, when Britain is scheduled to leave the European Union, either with a hard Brexit or agree to further negotiations with EU and an extension period. In the first case Spanish companies in Galicia fear they might have to pay millions in EU tariffs
Monday, April 8th 2019 - 10:57 UTC
Grain loaders say the collapse of a bridge in north Brazil will not impact harvest transport

Hidrovias do Brasil SA, a Brazilian logistics company, said the collapse of a bridge on the Moju River in Pará state on Saturday will not have any impact on its operations in the region, according to a statement on Sunday.
Monday, April 8th 2019 - 10:40 UTC
Argentine soy harvest with “excellent” yields expected to reach 53 million tons

Argentina's soy harvest has progressed at a brisk pace over recent days, showing “excellent” yields that could push the crop higher than the currently forecast 53 million tons, the Buenos Aires Grains Exchange said in a report last week.