Economy

• Tuesday, January 15th 2019 - 09:20 UTC

  The salary is tripled in Venezuela: Increases to 6 dollars

  

  Nicolás Maduro ordered an increase of 300% of the minimum wage on Monday, the 26th time he makes an announcement of this kind during his term. Also, an increase in the petro cryptocurrency was decreed and the president highlighted the economic management of his government, which he said in his annual report helped to turn Venezuela into the country with “greater socioeconomic equality”.

• Tuesday, January 15th 2019 - 09:12 UTC

  Argentina sued again by hedge fund on bonds tied to GDP growth

  

  Aurelius Capital Management LP, one of the lead hedge funds that settled a massive litigation over defaulted bonds with Argentina in 2016, is suing the country again, this time over US$ 84 million in payments it says the nation owes. The case is Aurelius Capital Master Ltd. v. the Republic of Argentina, 19-cv-351, U.S. District Court, Southern District of New York (Manhattan).

• Tuesday, January 15th 2019 - 09:08 UTC

  Macri flies to Brazil for a first face to face meeting with Bolsonaro

  

  Argentine President Mauricio Macri will hold talks with his new Brazilian counterpart Jair Bolsonaro on Wednesday likely to center on consolidating trade ties between South America's two biggest economies, officials said. Battling recession and seeking re-election this year, Macri needs to boost Buenos Aires's side of a steep trade imbalance with its main trading partner.

• Tuesday, January 15th 2019 - 08:52 UTC

  Auto industry calls on Trump and Congress to end government shutdown

  

  Leading automakers on Monday called on the Trump administration and Congress to resolve trade disputes, and end the US government shutdown, saying political uncertainty is costing the industry, Reuters reports.

• Tuesday, January 15th 2019 - 08:44 UTC

  Theresa May and Parliament in their Brexit labyrinth

  

  British Prime Minister Theresa May is facing likely defeat in Parliament when she asks MPs to approve her Brexit deal this Tuesday. That result would trigger huge uncertainty about the future of Britain's exit from the European Union.

• Tuesday, January 15th 2019 - 08:41 UTC

  China's trade figures point reveals a strong weakening of the economy, and global demand

  

  Chinese exports saw the steepest fall for two years in December, according to the latest trade figures. Exports from China fell 4.4% last month compared with the year before, while imports fell 7.6%. The figures indicate a further weakening in the strength of the world's second biggest economy and sent Asian stock markets lower on Monday.

• Tuesday, January 15th 2019 - 08:36 UTC

  Bolsonaro pensions reforms aim to save some US$ 270bn in ten years

  

  Far-right Brazilian president Jair Bolsonaro’s new government wants to save 1 trillion Rreais (some US$ 269.48 billion) over 10 years via pension reforms economists say are vital to undo the growing fiscal deficit, a Brazilian newspaper reported on Monday.

• Monday, January 14th 2019 - 09:31 UTC

  Argentina's annual inflation during 2018 estimated at 48%, highest since 1991

  

  Argentina's stats office Indec, is scheduled to announce December's inflation and for the whole of a very volatile 2018 next Tuesday, with estimates ranging at 48%, the highest in the country since 1991. November's Consumer Price Index was 3.2%.

• Monday, January 14th 2019 - 09:00 UTC

  PM May Monday speech to impede “catastrophic” defeat in Parliament and Labour no confidence vote

  

  British Prime Minister Theresa May is making a last-ditch attempt to persuade MPs to back her Brexit deal as Tuesday's key Commons vote looms closer. She will use a speech on Monday to warn that Parliament is more likely to block Brexit than let the UK leave with no deal.

• Monday, January 14th 2019 - 08:52 UTC

  As US government shutdown breaks record, Senator close to Trump calls for dialogue

  

  A senior US Republican has urged President Donald Trump to temporarily reopen parts of the government shut down for more than three weeks. Senator Lindsey Graham, who is close to Mr Trump, said a limited re-opening of a few weeks would allow talks to resume between Republicans and Democrats.