Economy

Monday, October 15th 2018 - 19:16 UTC
New 50 bolivianos bill released as scheduled

Bolivia's Central Bank (BCB) Monday launched the new 50 bolivianos note (worth around 7.3 US dollars), following the recent release of the 10 and 20 bills.
Monday, October 15th 2018 - 08:04 UTC
UK economic low growth anticipated for next three years, with or without a Brexit no deal

United Kingdom can expect low economic growth for the next three years, while a no-deal Brexit could dent growth even further, says a forecasting body. The EY Item Club predicted GDP growth of 1.3% this year and 1.5% in 2019, down from 1.4% and 1.6% respectively in its previous outlook three months ago.
Monday, October 15th 2018 - 08:00 UTC
The £50 note will survive in a plastic redesign, announced the Bank of England

The £50 note will not be scrapped and will instead get a plastic redesign, the Bank of England has said. Fears that the largest denomination was widely used by criminals and rarely for ordinary purchases had prompted a proposal to abolish it. But ministers said the new version, to be printed in the UK, would be more durable, secure and harder to forge.
Friday, October 12th 2018 - 15:11 UTC
Chile's finance minister defends newest, sharpest increase in fuel price

Chile's Finance Minister Felipe Larraín justified the seventh increase in as many weeks in the price of petrol because the Fuel Price Stabilization Mechanism (Mepco) has subsidized 50 million dollars so far this year.
Friday, October 12th 2018 - 09:05 UTC
Chile wants lithium traded on the London Metals Exchange

Chile has called for lithium to be traded on the London Metals Exchange to provide greater “clarity” about its value, mining minister Baldo Prokurica said. At present, lithium producers negotiate contracts with buyers but the terms of the deals are not made public. Critics say this lack of clarity has a chilling effect on potential new investment in the market since the metal’s value cannot be precisely measured.
Friday, October 12th 2018 - 08:54 UTC
Volatile session in US markets with indexes continuing the several sessions slide

Wall Street indexes continued their slide in Thursday’s volatile session as investors worried about rising interest rates and braced for a trade war hit to corporate earnings a day ahead of the quarterly reporting season kickoff.
Friday, October 12th 2018 - 08:43 UTC
Despite poor weather Argentina expects a 2018/19 wheat crop of 19 million tons

Frost and a lack of rain could scale back Argentina's wheat crop for the 2018-19 season, which is currently seen at a record 19.7 million tons, the Buenos Aires Grains Exchange said on Thursday.
Friday, October 12th 2018 - 08:29 UTC
UK cabinet ministers concerned about potential compromises with EU over Brexit

UK government cabinet ministers raised concerns about potential compromises with the EU over Brexit at a No 10 meeting on Thursday. According to London media reports Liam Fox, Michael Gove and Dominic Raab expressed concern the whole of the UK could remain in the customs union for an open-ended period.
Friday, October 12th 2018 - 02:04 UTC
Falklands’ government and fishing industry seek support in Galicia

A delegation from the Falkland Islands government was last week in Vigo, Spain to support Falklands Fishing Company Association (FIFCA) members attending the Conxemar Seafood Exhibition and to reinforce the Falkland Islands case during Brexit negotiations.
Thursday, October 11th 2018 - 16:47 UTC
Pensions way behind inflation, admits Argentine bureau chief

Argentina's Pensions Bureau (ANSES) Director Emilio Basavilbaso Wednesday acknowledged that inflation has rapidly outpaced what senior citizens collect monthly.