Economy

• Thursday, March 28th 2019 - 09:39 UTC

  Argentine Peso slides to an all time low and country risk climbs to almost 800 points

  

  The Argentine Peso slid to all-time lows against the dollar as concerns about inflation, weak growth and October's presidential election weighed. The currency has lost 14% so far this year and the weakness raises fears of a repeat of the currency crisis of 2018 when the Peso lost half its value against the dollar.

• Thursday, March 28th 2019 - 09:31 UTC

  As Bolsonaro's influence wanes, Congress more demanding and minister Guedes ready to resign

  

  Brazilian President Jair Bolsonaro and his economy minister tried to rescue their contentious pension reform bill on Wednesday, as deepening political chaos surrounding the government’s signature proposal slammed Brazilian markets.

• Thursday, March 28th 2019 - 09:27 UTC

  Foreign companies in Brazil becoming impatient with the government of Bolsonaro

  

  Swiss pharmaceutical company Roche said this week it will stop producing medicines at its Rio de Janeiro unit in Brazil, a new blow to a country whose economy appears to be in its most sluggish decade in 120 years. Roche said the move will take place within the next five years because that factory is not financially sustainable.

• Thursday, March 28th 2019 - 09:21 UTC

  Following Parliament Brexit deadlock, Mrs. May deal is back for a third attempt

  

  Efforts to persuade MPs to back Theresa May's Brexit deal will continue on Thursday, a day after she promised to quit as PM if it was approved. Her pledge brought some on-side, such as ex-foreign secretary Boris Johnson.

• Thursday, March 28th 2019 - 08:27 UTC

  Boeing says it has made changes to the control systems linked to fatal crashes

  

  Boeing has issued changes to controversial control systems linked to two fatal crashes of its 737 Max planes in the last five months. But it's still not certain when the planes, that were grounded worldwide this month, will be allowed to fly. Investigators have not yet determined the cause of the accidents.

• Wednesday, March 27th 2019 - 20:54 UTC

  Dollar rises in Uruguay while tension increases in Argentine markets

  

  In Uruguay, the dollar traded at noon on the state bank Banco Republica (Brou) board at $ 33.20 for the purchase and $ 34.60 for the sale, 45 cents above the close price on Tuesday. On the board of private exchanges, the currency to the public came to sell at $ 34.80 and $ 34.90.

• Wednesday, March 27th 2019 - 08:48 UTC

  Argentine financial markets jittery over October elections uncertainty

  

  Investors in Argentina are starting to get the jitters. The gap in yield between local and U.S.-issued bonds has roughly doubled in the last month in the face of stubborn inflation and mounting peso outflows, heaping pressure on President Mauricio Macri ahead of elections later in the year.

• Wednesday, March 27th 2019 - 08:27 UTC

  Poll shows 80% of UK think government has handled Brexit negotiations badly

  

  More than 80% of the country think the British government has handled the Brexit negotiations badly, a new poll suggests. A survey by NatCen Social Research found that just 7% of Britons thought ministers had done a good job in the talks, while 81% said they were handling them badly.

• Wednesday, March 27th 2019 - 08:23 UTC

  Brazilian pensions reform stumbles with first challenges; markets remain volatile

  

  Brazil's pension reform process hit two speed bumps on Tuesday, as Economy Minister Paulo Guedes did not attend a first congressional hearing on the proposals and a bloc of eleven political parties demanded the removal of changes affecting retirement benefits for rural and disabled workers.

• Wednesday, March 27th 2019 - 08:19 UTC

  Brexit's quandary: Euro-skeptics could still support Mrs. May's deal

  

  British Prime Minister Theresa May will address her Conservative lawmakers on Wednesday, possibly to set out a timetable for her departure in a last throw of the dice to win support for her twice-rejected Brexit deal in parliament. At her weakest after parliament on Monday seized control of Brexit, May has yet to give up hope of winning approval for her deal to leave the European Union, which she says is the only way of ensuring an orderly exit that will protect the economy.