Economy

Saturday, March 23rd 2019 - 07:31 UTC
Seven countries have launched the Forum for Progress of South America

South American countries on Friday launched the Forum for the Progress of South America (Prosur), a new regional bloc which seeks the “integration and strengthening of the region.”
Friday, March 22nd 2019 - 09:40 UTC
Brazil's central bank with new chief leaves rates unchanged; policy is determined “with caution and serenity”

Brazil's interest rates remained unchanged on Wednesday after the central bank held its first monetary policy meeting under its new chief Roberto Campos Neto. The central bank's unanimous decision -- only the second since pro-business President Jair Bolsonaro took power in January on a promise to revive Latin America's biggest economy -- to keep rates at 6.5% was in line with market expectations.
Friday, March 22nd 2019 - 09:12 UTC
May manages a Brexit postponement but Parliament must support her deal: “MPs have a clear choice”

Theresa May will return to the UK on Friday to try and convince MPs to support her withdrawal deal after the EU agreed to postpone Brexit beyond 29 March. On Thursday night, after eight hours of talks, EU leaders offered to delay Brexit until 22 May if MPs approve Mrs May's deal next week.
Friday, March 22nd 2019 - 09:06 UTC
Bolsonaro wants trade to represent 30% of Brazil's GDP y 2022

The Brazilian government wants trade to represent 30% of the country’s gross domestic product by the end of 2022, with one official saying on Wednesday it will get there on the back of President Jair Bolsonaro’s liberalization plans.
Friday, March 22nd 2019 - 09:00 UTC
The Falkland Islands states its position: Preparing for Brexit

On 23 June 2016, the people of the UK and Gibraltar voted by a majority to leave the European Union (EU). In this article the Falkland Islands Government (FIG) sets out what work has taken place since the referendum to prepare the Falkland Islands for Brexit.
Friday, March 22nd 2019 - 09:00 UTC
Argentine economy contracted 2.5% in 2018, after shrinking 6.2% in fourth quarter

Argentina’s economy contracted 2.5% in 2018, the official statistics agency said on Thursday, as the Latin American country’s leaders struggle to revive growth after being rattled by a currency crisis and steep inflation over the past year.
Friday, March 22nd 2019 - 08:52 UTC
Brazil farm minister not satisfied with US promises of market opening for fresh beef

Brazil’s farm minister said that a U.S. agreement to conduct further inspections on the country’s meatpacking system is a step toward reopening the United States to fresh Brazilian beef, but is not sufficient.
Friday, March 22nd 2019 - 08:41 UTC
US threatens to pull out of IADB meeting in China if Guaidó's representative is not allowed to attend

The United States on Thursday threatened to pull out of the annual meeting of the Inter-American Development Bank in China next week if Beijing refuses to allow a representative of Venezuelan opposition leader Juan Guaido to attend.
Friday, March 22nd 2019 - 08:29 UTC
What new WTO and OECD status would mean for Brazil

Brazil’s agreement with the United States to forgo special treatment by the World Trade Organization (WTO) would apply only to future negotiations within the multilateral trade body, Director General Roberto Azevedo said on Wednesday.
Friday, March 22nd 2019 - 08:22 UTC
South Georgia issues commemorative coins on Queen Victoria's bicentenary anniversary

The government and treasury of South Georgia and South Sandwich Islands have issued on Thursday 21st March new crown coins and gold £4 pieces which are in celebration of the bicentenary anniversary of the birth of Queen Victoria.