Economy

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.
Wednesday, March 27th 2019 - 07:17 UTC
Road map for Brexit “indicative” votes this Wednesday

MPs in the House of Commons have voted for an amendment enabling them to take control of Commons business and stage a series of “indicative” votes on the way forward for Brexit.
Wednesday, March 27th 2019 - 07:01 UTC
Venezuelan workers sent home and schools closed because of the blackout

Venezuela's government told workers and school children to stay home on Tuesday as the second major blackout this month left the streets of Caracas mostly empty and residents wondering how long power would be out amid a deepening economic crisis.
Tuesday, March 26th 2019 - 09:00 UTC
A third of Argentines living below the poverty line; in Greater Buenos Aires, 41.1%

Almost a third of Argentines were living below the poverty line at the end of 2018, according to a new report from the Catholic University of Argentina (UCA).
Tuesday, March 26th 2019 - 08:08 UTC
Commons takes control to try and find a majority Brexit option; PM May remains defiant

MPs have voted to take control of Commons business in an unprecedented move to try to find a majority for any Brexit option. The government was defeated by 329 votes to 302 on the cross-party amendment, a majority of 27. It means MPs will get a series of votes on Wednesday to find out what kind of Brexit they will support.
Monday, March 25th 2019 - 08:30 UTC
US/China face to face trade talks to continue in Beijing this week

US officials plan to travel to China next week to resume face-to-face talks aimed at ending a trade war between them, the White House has confirmed. And Chinese officials will travel to the US for further talks in Washington in early April.