Economy

Thursday, November 22nd 2018 - 09:21 UTC
Venezuela: One billion dollars in bribes and illicit foreign currency operations

Venezuela’s former national treasurer admitted receiving over one billion dollars in bribes as part of illicit foreign currency operations that involved a local television mogul now indicted in U.S. courts, according to U.S. court documents unsealed on Tuesday.
Thursday, November 22nd 2018 - 09:19 UTC
Brazil's future agriculture minister does not discard dumping Mercosur

Tereza Cristina, tapped by President-elect Jair Bolsonaro to head Brazil's Agriculture Ministry, said on Wednesday the country could decide to abandon the Mercosur trade bloc if it failed to address inequality.
Thursday, November 22nd 2018 - 09:10 UTC
Chile and Brazil sign free trade agreement in Santiago

Chile and Brazil signed a free trade agreement on Wednesday that scraps red tape and tariffs between the two South American economies, in a move both governments said would give a boost to regional integration.
Thursday, November 22nd 2018 - 08:16 UTC
Theresa May moves to Brussels to iron out withdrawal deal ahead of Sunday's EU summit

Theresa May will return to Brussels for Brexit talks this weekend as the UK and EU strive to do a deal in time for Sunday's summit of European leaders. After a two-hour meeting with EU officials, the prime minister said progress was being made on the future shape of EU-UK relations.
Wednesday, November 21st 2018 - 17:49 UTC
Aluminum producer Aluar profits 54% up thanks to devaluation of Argentine peso

The aluminum producer Aluar will distribute dividends among its shareholders for $ 2,884 billion (79.71 million US dollars) as a result of an increase in semiannual profits of 54.5%, the company reported to Argentina's stock exchange regulator Comisión Nacional de Valores (CNV), which was due mainly to the peso devaluation.
Wednesday, November 21st 2018 - 08:32 UTC
Brazilian farmers in Mato Grosso satisfied with the soybean planting progress

Brazil's Mato Grosso farmers are happy about their soybean planting progress this year, as they have finished sowing almost 90% of their soybean acres and are expecting an early harvest at the end of December.
Tuesday, November 20th 2018 - 08:43 UTC
Venezuela preparing macroeconomic data to deliver to IMF

Venezuela which is sitting on one of the world’s largest crude oil reserves but which is suffering the worst loss of oil production in history outside of war-induced outages is getting ready to share macroeconomic data with the International Monetary Fund to avoid penalties including possible exclusion from the IMF.
Tuesday, November 20th 2018 - 06:25 UTC
Migrant workers in UK send £8bn a year back home; Unesco complains of transfer costs

Migrant workers in the UK, many in low-paid jobs, are sending £8bn a year to support families in their home countries, says a report from the United Nations' education agency. This is often used to help relations in poorer countries to stay in school.
Monday, November 19th 2018 - 19:52 UTC
Technology and packaging help Chilean fruit exports conquer Chinese market

The standardisation of products through technology advancements has helped Chilean fruit exporters conquer China as a destination, it was the reported.
Monday, November 19th 2018 - 08:16 UTC
UK promoting trade and investment in Brazil and Chile

British Chief Secretary to the Treasury, Elizabeth Truss visits Latin America to build relationships with Brazil and Chile. Ms Truss visited Brasília, São Paulo and Santiago for bilateral meetings with ministers and will follow-up on the second UK/Brazil Economic and Financial Dialogue (EFD), particularly on infrastructure.