Economy

Friday, November 2nd 2018 - 09:03 UTC
Multilateral banks provide Argentina three loans totaling US$ 1.8 billion

The World Bank and the Inter-American Development Bank are providing Argentina with three loans totaling more than US$1.8 billion, aiming to help the country cope with financial difficulties and support citizens most at risk.
Friday, November 2nd 2018 - 09:01 UTC
Strong recovery of Argentine and Brazilian markets on signs of an improved Sino-US trade scenario

Latin American stocks soared on Thursday with Brazil shares touching an all-time high and Argentina's Merval stock index jumping 6,2%, as global risk appetite recovered on strong corporate earnings and signs that the Sino-U.S. trade war could be contained.
Friday, November 2nd 2018 - 08:18 UTC
Brussels and London play down speculation about a breakthrough in Brexit talks

Brussels and Downing Street have played down speculation about a breakthrough in Brexit talks. Reports that a Brexit deal could safeguard the City’s access to European Union markets led to an increase in the value of sterling.
Friday, November 2nd 2018 - 08:13 UTC
Bank of England leaves rates unchanged but warns on a no-deal Brexit scenario

Bank of England governor Mark Carney has warned interest rates could rise in the event of a no-deal Brexit if a cliff-edge withdrawal sends the pound into free fall. Mr. Carney said there are scenarios where policy “might need to be tightened in the event of a no deal, no transition Brexit”, should a plunge in the value of the pound cause inflation to surge and impact UK production.
Friday, November 2nd 2018 - 07:47 UTC
Two ex Goldman Sachs bankers charged in connection to fraudulent Malaysian fund

Two former Goldman Sachs investment bankers were charged on Thursday with helping to raise money for a Malaysian investment fund that has lost US$ 4 billion, according to United States federal prosecutors. Tim Leissner, 48, and Roger Ng, 51, were charged in a three-count criminal indictment in Brooklyn federal court on Thursday.
Friday, November 2nd 2018 - 07:37 UTC
US/China trade talks “moving along nicely”; Trump and Xi plan to meet at G20 in Argentina

U.S. President Donald Trump and Chinese President Xi Jinping both expressed optimism on Thursday about resolving their bitter trade disputes ahead of a high-stakes meeting planned for the two leaders at the end of November in Argentina.
Thursday, November 1st 2018 - 14:00 UTC
All set for Montevideo to become Bolivia's access to the Atlantic Ocean

Two riverboat shipping companies are interested in carrying cargo from Bolivia through the Paraná-Paraguay waterway to the port of Montevideo, Uruguay's National Ports Administration (ANP) president, Alberto Díaz, said Wednesday.
Thursday, November 1st 2018 - 08:50 UTC
Brazil leaves interest rates unchanged at an all time low: reduced risks of inflation

Brazil’s central bank on Wednesday held interest rates at an all-time low less than a week after the victory of far-right lawmaker Jair Bolsonaro in presidential elections allayed fears of a currency sell-off.
Thursday, November 1st 2018 - 08:41 UTC
Buenos Aires and Ushuaia consider hosting the 2026 Winter Olympics

Argentina could be a late candidate to host the 2026 Winter Olympics, the country's Olympic Committee said on Wednesday, as the three current bidders face major obstacles ahead of next year's decision by the International Olympic Committee (IOC).
Thursday, November 1st 2018 - 08:28 UTC
Middle income BOTs hit by natural disasters could have access to OECD aid

British overseas territories hit by natural disasters could get access to foreign aid under plans agreed by the richest nations, according to a report from the BBC. Some Caribbean islands damaged last year by hurricanes did not get official development assistance because their national incomes were too high.