Economy

Thursday, January 3rd 2019 - 08:52 UTC
Apple rattles markets as its sales slow down more than expected: CEO Tim Cook blames China

Apple has rattled investors with news that its sales have been slowing, blaming economic weakness in China. In a surprise disclosure, the iPhone maker said it anticipated revenue of about US$ 84bn for the three months to 29 December. In November it forecast sales of at least US$ 89bn - a prediction that had already disappointed investors.
Thursday, January 3rd 2019 - 07:49 UTC
Falklands' fleet will have a new trawler freezer by the end of 2020

Galicia's Rampesca and the Falkland Islands RBC have ordered a new 63.7 meters long and 1.500 gross tonnage freezer trawler from Nodosa Shipyard, according to shipbuilding sources in Vigo. The new vessel is expected to replace the “Castelao”, and construction will begin this January. It will replicate much of the recently delivered “Monteferro”.
Thursday, January 3rd 2019 - 07:29 UTC
Bolsonaro effect on Brazilian markets and currency

A record high for Brazil shares and a more than 2% gain in the Real, spurred by positive policy moves by the country's new government, helped Latin American markets make a strong start to the New Year and buck gloom in global markets on Wednesday.
Wednesday, January 2nd 2019 - 08:50 UTC
Trump's ambassador in London questions Mrs. May Brexit deal and leadership

Donald Trump's offer of a “quick, massive, bilateral trade deal” will not be possible if Theresa May's EU withdrawal agreement is approved, the US ambassador to the UK has warned. President Trump had previously said her Brexit proposal sounded like a “great deal for the EU” Woody Johnson told the BBC the UK was “in need of leadership” over Brexit.
Monday, December 31st 2018 - 00:51 UTC
South America does not help self-employed individuals thrive, study shows

Uruguay and Argentina finished last and next respectively in a study carried out by international consultants Expert Market on the difficulties faced by self-employed individuals in 57 countries, it was reported Saturday.
Saturday, December 29th 2018 - 21:16 UTC
Hemp becomes federally legal in US; estimates of a US$ 20bn industry by 2022

After years of prohibition, industrial hemp is now federally legal in the United States. President Trump signed off on the 2018 Farm Bill which redefines hemp as an agricultural commodity, and more importantly, removes it from the Controlled Substances Act.
Saturday, December 29th 2018 - 07:44 UTC
Petrobras announces hedging program for diesel prices

Brazil’s Petrobras has approved a hedging program for diesel prices in a bid to boost pricing flexibility, the state-run oil firm said in a filing on Friday. While Petrobras did not detail how its diesel hedging program would be structured, it said the move was similar to a measure taken in September, when the company introduced a hedging program for gasoline.
Saturday, December 29th 2018 - 07:22 UTC
Argentina's energy secretary steps down following leaks on the increase of power rates

Argentina's energy secretary resigned on Friday, the government said in a statement, less than 24 hours after news leaked that the administration of President Mauricio Macri plans to increase electricity prices by an average 35% next year.
Friday, December 28th 2018 - 09:20 UTC
Argentina's economic activity in October falls 4%, year-on-year

Economic activity in Argentina fell 4.0% in October versus the same month last year, the government said on Thursday, marking the seventh straight month of declines as the country grapples with recession and high inflation.
Friday, December 28th 2018 - 09:05 UTC
Buenos Aires public transport rates up 40% in three months, beginning January

The Argentine government announced on Thursday new increases in public transport rates, some 40% on average that will apply from next January to travel by bus, train and metro.