Economy

Saturday, December 1st 2018 - 08:47 UTC
Bolsonaro recommends “prudence” before signing any Mercosur/EU agreement

Brazil's president-elect Jair Bolsonaro said “prudence” was necessary before signing any trade agreement with other nations, in reference to the ongoing negotiations between Mercosur and the European Union.
Friday, November 30th 2018 - 23:01 UTC
Macri holds trust-building side meeting with PM May during G-20 Summit

Argentine President Mauricio Macri Friday held a bilateral meeting with British Prime Minister Theresa May in what turned out to be the first one-on-one encounter between heads of government of the two countries after the 1982 Falklands War.
Friday, November 30th 2018 - 05:52 UTC
Falklands voice dismay and praise for second commercial flight

The proposed second airline service between the Falklands and South America with a once a month stopover in Argentina, drew both strongly voiced concerns and praise at a public meeting held on Wednesday evening in Stanley. Worried citizens suggested Argentina might manipulate Islanders by threatening to interrupt the link to Sao Paulo, Brazil in the longer term.
Thursday, November 29th 2018 - 19:22 UTC
Consensus or Chaos in the G20 Communiqué?

By Scott Squires (*)“This article was originally published on the Argentina newsletter The Essential, by The Bubble News Inc. on November 29, 2018”. Ahead of any diplomatic summit, staffers, organizers and aides put in the countless hours of thankless grunt work necessary to make international diplomacy happen.
Thursday, November 29th 2018 - 11:12 UTC
Cannabis-based meds plant opens in Uruguay

ICC Labs Inc., a subsidiary of Canada’s Aurora Cannabis Inc., opened Wednesday in Montevideo and became the subcontinent's first producer of cannabis-derived pharmaceuticals with a capacity “to supply almost the entire South American continent,” according to the company's CEO Alejandro Antalich.
Thursday, November 29th 2018 - 09:23 UTC
Trump favors imposing tariffs to protect US auto industry; EU ready to react with retaliation tariffs

President Donald Trump on Wednesday indicated he favours imposing import tariffs to protect the US auto industry, which was rocked by this week's announcement of job cuts at General Motors. In two tweets, the president said that extending tariffs already in place for foreign-built small trucks to the car sector would help domestic manufacturers.
Thursday, November 29th 2018 - 08:35 UTC
Bank of England warnings on a no-deal Brexit: recession and plunging pound

A no-deal Brexit could send the pound plunging and trigger a worse recession than the financial crisis, the Bank of England has warned. It said the UK economy could shrink by 8% in the immediate aftermath if there was no transition period, while house prices could fall by almost a third. The Bank of England also warned the pound could fall by a quarter.
Thursday, November 29th 2018 - 08:23 UTC
China/Argentina closer links; Beijing to finance the country's fourth nuclear power plant

Argentina and China are aiming to close a deal within days for the construction of the country's fourth nuclear power plant, a multi-billion dollar project that would cement Beijing’s deepening influence in a key regional U.S. ally.
Thursday, November 29th 2018 - 07:20 UTC
Mexico's Lopez Obrador takes office amid business community concerns

Mexico's central bank cut its economic growth forecast for 2019 on Wednesday, citing uncertainty over the policies that president-elect Andres Manuel Lopez Obrador will pursue. In its quarterly report on the state of Latin America's second-largest economy, after Brazil, the Bank of Mexico predicted growth of 1.7 to 2.7% next year, down from 1.8 to 2.8% in its previous forecast.
Thursday, November 29th 2018 - 07:08 UTC
Norwegian Air plans to break British Airways London/Rio do Janeiro “monopoly”

Budget carrier Norwegian Air plans to start flights between London and Rio de Janeiro in March to break what it said was a “monopoly” enjoyed by British Airways between the two cities.