Economy

Friday, November 16th 2018 - 12:31 UTC
Argentina's October CPI 5.4% and 45.9% in twelve months

Argentina's Consumer Price Index, CPI, increased 5.4% in October, and 39.5% in the last ten months, and 45.9% in twelve months, according to the latest report from the country's stats office, Indec. The items with the highest were Housing, 8.8%, followed by Transport, 7.6% while Food and Beverage, 5.9%.
Friday, November 16th 2018 - 12:27 UTC
The mighty German economy slumps 0.2% in the third quarter

Germany's years-long run of steady growth came to a screeching halt in the third quarter, official data showed this week, with a widely-expected bottleneck in the vital car industry matched by broader structural concerns.
Thursday, November 15th 2018 - 21:05 UTC
Double victory for Argentina's Macri ahead of the G20 leaders' summit

Argentina's Senate on Thursday gave final approval to an unpopular austerity budget designed to meet the stiff requirements of a US$ 57.1 billion International Monetary Fund bailout. Approval came as a great relief for battered president Mauricio Macri, but also a double victory, since it opens the way for his reelection aspirations next year.
Thursday, November 15th 2018 - 20:58 UTC
Resilient PM May tells parliament and public opinion she is going to see Brexit deal through

Theresa May has dismissed speculation she could be ousted as prime minister over her Brexit agreement, saying: “I am going to see this through.” Speaking in Downing Street, on Thursday the prime minister said: “The course I have set out is the right one for our country and all our people.”
Thursday, November 15th 2018 - 20:49 UTC
Orthodox liberal nominated to Brazil's central bank, Roberto Campos Neto

Economist Roberto Campos Neto has accepted an invite to become the head of Brazil's central bank under the government of the incoming president, Jair Bolsonaro, the nation's future economy minister said in a statement on Thursday.
Thursday, November 15th 2018 - 12:15 UTC
No privatization ahead but long term being evaluated, admits Aerolíneas Argentinas boss

Aerolineas Argentinas President Luis Malvido ruled out Wednesday any plans to privatize the national flag carrier and added they had “no intention to close down routes.” However, the company's long term is under evaluation.
Thursday, November 15th 2018 - 09:01 UTC
Argentina becomes a major importer of US soybeans

The world of soybean shipping has turned upside down thanks to the ongoing U.S.-China trade war. Argentina, the No. 3 global soy grower, is making major purchases of U.S. supplies. A weekly measure of US shipments to Argentina just rose to the highest in at least 35 years, U.S. government data showed Tuesday.
Thursday, November 15th 2018 - 08:42 UTC
Argentina's Senate approves austerity budget agreed with IMF

After 13 hours of debate, the Argentine Senate approved the draft Public Administration Budget for 2019 early on Thursday. The project, presented by Mauricio Macri’s government, went ahead with 45 votes in favor, 24 against and just one abstention.
Wednesday, November 14th 2018 - 10:29 UTC
US and China trade talks ahead of Xi and Trump's meeting in Buenos Aires

United States and Chinese negotiators have revived trade talks in the hopes of reaching a draft agreement before President Donald Trump and Chinese leader Xi Jinping meet face-to-face on the sidelines of the G20 meeting in Argentina.
Wednesday, November 14th 2018 - 08:54 UTC
UK/EU Brexit announce “technical” breakthrough, but now it faces the political hurdle

UK and EU officials have agreed the draft text of a Brexit agreement after months of negotiations. A cabinet source told the BBC that the document has been agreed at a technical level by officials from both sides after intensive discussions this week. A special cabinet meeting will be held at 14:00 GMT on Wednesday as Theresa May seeks ministers' backing.