Economy

Monday, November 12th 2018 - 01:48 UTC
Axion cuts down fuel price in Argentina

Fuel retailer Axion cut down its prices by 3.2% in Argentina, in line with declines of both the US dollar exchange rate and the international oil barrell, it was reported Saturday. Other companies are expected to follow suit shortly.
Saturday, November 10th 2018 - 09:16 UTC
Argentina's central bank almost doubles currency swap with China

Argentina’s central bank said it would nearly double its currency swap deal with China, bringing the total to 130 billion Yuan (US$ 18.7 billion), as Beijing looks to expand its influence in the recession-struck country. Central Bank President Guido Sandleris, who was in China finalizing the agreement, said that the deal for 70 billion Yuan would be expanded by 60 billion Yuan, according to a bank spokesman.
Saturday, November 10th 2018 - 06:05 UTC
UK's economy best third quarter in two years: warm weather and the World Cup

A spike in consumer spending driven by warm weather and England's surprise run to the semifinals of the soccer World Cup helped the British economy post its best growth in nearly two years during the third quarter, official figures showed on Friday.
Friday, November 9th 2018 - 18:40 UTC
“Bolivianisation” of economy brings “shortage” of foreign currency - big business for black market

Evo Morales' government pushing to expand the “bolivianisation” of the country's economy has resulted in a “shortage” of foreign currency - particularly of US dollars - and to a subsequent growth of the exchange black market, it as repirted.
Friday, November 9th 2018 - 09:58 UTC
Argentina expects a record harvest of 140 million tons of grain and oilseeds

Argentina is expected to harvest some 140 million tons of grain in the 2018/2019 season, the largest crop in the country's history, according to Argentina's Agriculture Secretariat.
Friday, November 9th 2018 - 09:09 UTC
Bolsonaro vows to investigate Americas largest development bank, Brazil's BNDES

Right-wing President-elect Jair Bolsonaro vowed in a tweet on Thursday to investigate Brazil’s state-run national development bank, BNDES, for corruption by opening its “black box” of secret transactions. BNDES is the largest development lender in the Americas with a loan book larger than the World Bank’s.
Friday, November 9th 2018 - 08:45 UTC
Federal Reserve leaves rate unchanged but December hike is expected

The Federal Reserve has left its key policy rate unchanged but signaled that it plans to keep responding to the strong U.S. economy with more interest rate hikes. The next rate increase is expected in December.
Friday, November 9th 2018 - 08:41 UTC
China exports and surplus remain strong while imports started to pick up

China reported much stronger-than-expected exports for October as shippers rushed goods to the United States, its biggest trading partner, racing to beat higher tariff rates due to kick in at the start of next year. Import growth also defied forecasts for a slowdown, suggesting Beijing’s growth-boosting measures to support the cooling economy may be slowly starting to make themselves felt.
Friday, November 9th 2018 - 08:30 UTC
Falkland Islands could have a new port in the next two years

The Falkland Islands could have a new port within the next two years. Three consortia have presented proposals to the Falkland Islands Government (FIG) for a new port confirmed Legislative Assembly Member Dr Barry Elsby in recent weeks.
Friday, November 9th 2018 - 08:09 UTC
Falklands' toothfish fishery re-certified by the Marine Stewardship Council

The Falkland Islands longline toothfish fishery has been re-certified under the Marine Stewardship Council’s Principles of Sustainability, it was announced this week.The fishery, which was originally certified in 2014 for a five year period, is the only Falkland Islands fishery to be certified under the scheme.