Economy

Friday, November 9th 2018 - 07:29 UTC
Argentina launches off-shore bidding in the Austral and Malvinas regions

Argentina has launched its first offshore bidding round in nearly three decades. The country's energy secretariat published details regarding bidding terms and conditions for public bidding for exploration licenses.
Friday, November 9th 2018 - 07:15 UTC
Carnival in strategic alliance to promote the cruise industry for Chinese tourists

Carnival Corporation & plc, the world’s largest leisure travel company, today announced that its cruise joint venture with China State Shipbuilding Corporation (CSSC) will launch this week under the name CSSC Carnival Cruise Shipping Limited. The new China-based cruise company plans to operate its own fleet to serve Chinese cruise guests by the end of 2019.
Thursday, November 8th 2018 - 11:54 UTC
Brazil president elect backtracks on China, Israel, and insists with the pensions' reform

Brazil president-elect Jair Bolsonaro backtracked on some of his more controversial pledges promising to expand trade with China and rethink the idea of moving the country’s embassy in Israel to Jerusalem. Bolsonaro is currently in Brasilia for various meetings with senior officials and transition arrangements.
Thursday, November 8th 2018 - 08:33 UTC
Blair calls for a second Brexit referendum: the great nations of Europe must stick together

Leaving the European Union without a deal would be “absurd” and the whole process of Brexit can still be stopped, Tony Blair has claimed. The former prime minister said the British people should be given the chance to vote again on whether to remain in the EU because otherwise they faced either a “pointless” or a “painful” version of Brexit.
Thursday, November 8th 2018 - 08:20 UTC
Fitch lowers prospects for Argentine sovereign debt to negative

The credit rating agency Fitch lowered the prospects for Argentine sovereign debt to negative, arguing the overall weakness of the economy and an uncertain scenario for fiscal consolidation in coming years.
Thursday, November 8th 2018 - 08:15 UTC
“Strong market” for Brazilian automakers, but much will depend on Argentina

Automakers in Brazil last month notched their strongest sales in nearly four years, adding to optimism as the auto industry kicked off the biannual Sao Paulo International Motor Show.
Thursday, November 8th 2018 - 07:34 UTC
US oil output hits another record, but prices and world market remain volatile

Oil prices slipped on Wednesday, continuing a recent slide after surging U.S. crude output hit another record and domestic inventories rose more than expected. The U.S. Energy Information Administration (EIA) said domestic crude inventories rose 5.8 million barrels in the latest week, more than double analysts’ expectations.
Thursday, November 8th 2018 - 07:24 UTC
US confirms “anti dumping” duties on Chinese aluminum products

The U.S. Commerce Department on Wednesday said it would impose final anti-dumping and anti-subsidy duties on Chinese common alloy aluminum sheet products of 96.3% to 176.2%. The decision marks the first time that final duties were issued in a trade remedy case initiated by the U.S. government since 1985.
Thursday, November 8th 2018 - 07:11 UTC
US to review antidumping duties on biodiesel imported from Argentina

The U.S. Commerce Department said it would begin a review of antidumping duties it placed last year on biodiesel imported from Argentina, the Argentine Foreign Ministry said in a statement on Wednesday.
Wednesday, November 7th 2018 - 08:55 UTC
Brazilian inflation to peak in second quarter for 2019, forecasts Central bank

The Brazilian central bank on Tuesday forecast that inflation is likely to peak in the second quarter of 2019 before easing towards its target, adding that underlying inflation was at “appropriate” levels.