Economy

• Wednesday, December 19th 2018 - 18:11 UTC

  US to fund development in Mexico and beyond to curb immigration

  

  A plan from the United States to fund several undertakings in Mexico and Central America to create jobs and discourage migration was announced Tuesday by Mexican Foreign Secretary Marcelo Ebrard.

• Wednesday, December 19th 2018 - 09:54 UTC

  Xi Jinping recalls the forty years that have made China a super power

  

  Chinese President Xi Jinping has vowed that his country will not develop at the expense of other nations, in a speech marking 40 years since China introduced major economic reforms. However, he also said that the global superpower would not be told what to do by anyone.

• Wednesday, December 19th 2018 - 09:20 UTC

  Argentina officially in recession: economy sinks 3.5% in third quarter

  

  Argentina is in recession after its economy shrank by 3.5% during the third trimester of 2018, the state statistics bureau said on Tuesday. It was the second such shrinkage in a row after the economy shrank 4.0% in the second quarter, with respect to the same period a year ago.

• Wednesday, December 19th 2018 - 09:12 UTC

  Latin American markets and currencies cautious ahead of Fed's two-day meeting

  

  Latin American currencies failed to gain against a weak dollar on Tuesday, as cautious investors pared exposure ahead of the end of the U.S. Federal Reserve's two-day meeting on Wednesday, while Latin American stocks ticked up in line with their U.S. peers.

• Wednesday, December 19th 2018 - 08:46 UTC

  Falklands promotes private investment in house building development

  

  The Falkland Islands Government announced on Tuesday that terms have been agreed, subject to contract and planning, for the sale of a 15.2 acre site to Argos Developments Ltd. with the purpose of encouraging private investment in house building.

• Wednesday, December 19th 2018 - 08:43 UTC

  Abundant rains in Argentina's soy belt help expectations of a good harvest

  

  Rainstorms are sweeping Argentina’s soy belt, building soil moisture needed to guarantee good yields when crops blossom in February and providing some cushion for China to buy should its trade war with the United States continue to limit U.S. supplies.

• Tuesday, December 18th 2018 - 19:43 UTC

  Mercosur leaders agreed on need for reforms in the midst of Bolsonaro's threat to leave

  

  The presidents of all Mercosur member and associate countries gathered Tuesday in Montevideo for a summit to redefine the bloc's future, in light of recent statements from Brazil's future government that the region will not be among the priorities of Jair Bolsonaro when he becomes president on January 1.

• Tuesday, December 18th 2018 - 09:35 UTC

  Creditors demanding payment of US$ 1.5 billion Venezuelan bond in default

  

  A group of creditors has demanded payment on a US$ 1.5 billion Venezuelan bond that is in default, their lawyer said on Monday, kicking off a long-awaited showdown between creditors and the crisis-wracked OPEC nation. President Nicolas Maduro’s government and state-owned companies owe nearly US$ 8 billion in unpaid interest and principal following this year’s default on bonds amid a hyperinflationary collapse of the country’s once-wealthy socialist economy.

• Tuesday, December 18th 2018 - 09:23 UTC

  Mexico new government first budget committed “to fiscal and financial discipline”

  

  Mexico’s new government avoided major surprises in its closely watched first budget, sticking to promises made to investors who have been jittery about plans for Latin America’s No. 2 economy.

• Tuesday, December 18th 2018 - 09:17 UTC

  Labour's Jeremy Corbyn has called for a no confidence vote in PM Theresa May

  

  The leader of Britain’s main opposition Labour Party, Jeremy Corbyn, said he was calling for a no-confidence vote in Prime Minister Theresa May — a largely symbolic gesture — for not putting her Brexit plan to a vote by lawmakers immediately.