Economy

Wednesday, October 24th 2018 - 08:56 UTC
EC tells Italy to revise its budget but ruling populists vow to go ahead with electoral promises

The European Commission has told Italy to revise its budget, an unprecedented move with regard to an EU member state. EC is worried about the impact of higher spending on already high levels of debt in Italy, the Euro zone's third-biggest economy.
Wednesday, October 24th 2018 - 08:55 UTC
Trump-Xi summit in Buenos Aires next month announced the White House

President Trump and his Chinese counterpart Xi Jinping will meet at the G-20 summit in Argentina next month, the White House announced on Tuesday, amid an escalating trade war between the world’s two largest economies. The G-20 Summit, comprising top 20 economies of the world, including India, is scheduled to take place in Buenos Aires in Argentine on November 30 and December 1.
Wednesday, October 24th 2018 - 08:55 UTC
Falklands' calamari catches this year among the most productive

The Falkland Islands calamari, Loligo, season has been one of the best in recent years with catches totaling some 78.913,81 tons, which represents a 25% over the previous season, according to reports in the Galician media, and confirmed by the Islands Natural Resources Department.
Wednesday, October 24th 2018 - 08:40 UTC
Argentine Peso slips on Tuesday; central bank sells debt notes at a rate of 71.39%

Argentina’s peso slipped on Tuesday, a day after the central bank’s new governor reassured the public that its approach to taming the country’s rocky economy would be sustainable over the medium term. The peso closed 0.46% weaker at 36.65 per U.S. dollar. The currency has fallen 0.30% against the dollar this week, although it has climbed 12.63% since the beginning of the month.
Wednesday, October 24th 2018 - 08:34 UTC
Trump again bashes the Fed, saying it posed the biggest risk to the US economy

United States president Donald Trump has sharpened his attacks on the Federal Reserve, saying it posed the biggest risk to the US economy. He also targeted Fed chairman Jerome Powell, telling the Wall Street Journal he seemed “happy” to be raising interest rates.
Wednesday, October 24th 2018 - 07:15 UTC
Argentina reports trade surplus in September, the first since December 2016

Argentina had a trade surplus of US$ 314 million in September, official statistics agency Indec said on Tuesday, the first since December 2016 and an early sign the devaluation of the peso currency has benefited the country’s exporters.
Tuesday, October 23rd 2018 - 21:50 UTC
Chilean scientists manage to keep fruit from turning black

A team of Chilean researchers at the University of Santiago has developed a product that keeps fruit fresh for up to a month after being cut, and is particularly useful in the case of avocado or apples, which need to be consumed instantly or, after a while, they turn dark.
Tuesday, October 23rd 2018 - 17:51 UTC
Argentina hopeful about Mercosur-EU deal at G-20 Summit

Argentine Production and Labour Minister Dante Sica Monday said in Madrid he was confident the European Union and the South American Mercosur trade bloc would reach an agreement “as soon as possible,” hopefully by the G-20 Summit in Buenos Aires in late November.
Tuesday, October 23rd 2018 - 16:37 UTC
Embraer's new cargo airplane gets ANAC certification

Brazil's National Civilian Aviation Agency (ANAC) has certified Embraer's new cargo aircraft, the KC-390, the manufacturer announced.
Tuesday, October 23rd 2018 - 08:53 UTC
Argentina's primary deficit falls to 1.1% of GDP, the lowest since 2012

Argentina's primary deficit fell to 1.1% of Gross Domestic Product (GDP) between January and September this year, compared to 2.1% over the same period in 2017, the Finance Ministry announced on Monday.