Economy

Friday, January 11th 2019 - 08:43 UTC
Argentine forex market volatility: Central bank intervenes to prop the dollar, first time in seven months

Argentina’s Peso closed stronger on Thursday, but remained outside the limits of a trading band set by the central bank after it intervened in the market by buying US$ 20 million.
Friday, January 11th 2019 - 08:34 UTC
March of torches in Argentine cities to protest soaring costs of public services

Tens of thousands of Argentines marched through Buenos Aires on Thursday evening carrying torches, in the first of a series of planned protests against President Mauricio Macri's austerity program and the soaring cost of public services.
Thursday, January 10th 2019 - 09:07 UTC
World's biggest vehicle market faces first annual sales fall in twenty years

Car sales in China, the world's biggest vehicle market, have seen their first annual fall in twenty years. Sales fell 6% to 22.7 million units in 2018, according to the China Passenger Car Association (CPCA).
Thursday, January 10th 2019 - 08:54 UTC
Second defeat of May's Brexit deal in Commons vote: several Tories crossed lines

Rebel Conservative MPs joined forces on Wednesday with Labour to inflict a fresh blow on Theresa May's government in a Commons Brexit vote. It means the government will have to come up with revised plans within three days if Mrs May's EU withdrawal deal is rejected by MPs next week.
Thursday, January 10th 2019 - 08:40 UTC
Jaguar Land Rover is cutting 5.000 jobs from its 40.000 strong UK workforce

Jaguar Land Rover (JLR) will announce on Thursday it is cutting up to 5,000 jobs from its 40,000 strong UK workforce. Management, marketing and administrative roles are expected to be hardest hit, but some production staff may also be affected.
Thursday, January 10th 2019 - 08:32 UTC
Brazil's soybean crop forecast cut 4.5m tons: hot spell in southern states

Brazil’s 2018/19 soybean crop forecast was cut to 116.9 million tons on Wednesday from 121.4 million tons late in November, said consultancy AgRural, blaming extreme heat and a dry spell in southern areas for the smaller projection.
Thursday, January 10th 2019 - 08:28 UTC
World Bank lowers Brazil tepid growth estimates both in 2018 and 2019

The World Bank lowered its growth estimates for Brazil both in 2018 and this year. Last June the multilateral organization bi-annual report indicated that Latin America's largest economy would advance 2.4%, but it has now reduced that to 1.2%, one of the greatest falls for any country in the report.
Wednesday, January 9th 2019 - 19:01 UTC
US government shutdown leaves farmers and markets with no reports on world crops

The U.S. Department of Agriculture (USDA) delayed several major U.S. and world crop reports because of the two-week-old partial government shutdown, the agency said on Friday. New release dates for the monthly World Agricultural Supply and Demand Estimates report and other data originally scheduled for Jan. 11 will be set once government funding is restored, USDA said.
Wednesday, January 9th 2019 - 14:49 UTC
Brazil's Bovespa closes above 92.000 points for the first time ever

Latin American stocks in the region's main markets closed on Tuesday at new highs on the positive outlook for the ongoing US/China trade talks in Beijing. Brazil's Bovespa index ended trading above 92,000 points for the first time ever after hitting several record highs last week.
Wednesday, January 9th 2019 - 08:45 UTC
Domestic car sales in Brazilian domestic market in line with expectations

Car and light truck sales in Brazil went up 13.6% in 2018 from the previous year, cementing the industry’s gradual recovery from a deep recession. Brazil was one of the world’s five biggest auto markets until a recent downturn and, despite last year’s growth, numbers remain lower than at their peak in 2012.