Economy

Monday, October 8th 2018 - 13:03 UTC
Evo opens strategic plant in lithium industry process

Bolivian President Evo Morales Sunday opened a potassium chloride industrial plant in Uyuni, department of Potosí, which is expected to have a yearly output of 350 thousand tons and is a part of the country's strategy for the industrialization of lithium.
Monday, October 8th 2018 - 12:56 UTC
Astori surprised by Fitch ratings, confident Uruguay will bounce back

Uruguay's Economy Minister Danilo Astori Sunday said he was surprised at last week's decision by the Fitch agency to maintain Uruguay's investment grade as it lowered the outlook down to BBB- and pointed out that this report “contrasts openly with those of other risk rating agencies and with the market itself.”
Monday, October 8th 2018 - 08:39 UTC
Canada chairs meeting to reform WTO, but has not invited US or China

Canada has not invited the United States or China to a high-level meeting on reforming the World Trade Organization (WTO). The country will host a “small group of like-minded” trade ministers in Ottawa in late October to discuss the global trade body. Officials say countries like the US and China will be included at a later date in the reforms discussion process.
Sunday, October 7th 2018 - 05:24 UTC
Bolsonaro clearly ahead for Sunday's vote in Brazil, leading with 40% intention

Pollster Datafolha released on Saturday evening its latest vote intention survey for Brazil's presidential election on Sunday 7 October, and it shows extreme right candidate Jair Bolsonaro leading with 40%, followed by Fernando Haddad from the Workers Party with 25% and Ciro Gomes, another left wing hopeful with 15%.
Saturday, October 6th 2018 - 09:10 UTC
Peso devaluation to affect Argentine households retroactively

Argentina's government Friday allowed home gas suppliers to charge extra as of January 2019 to make up for the recent devaluation of the peso against the US dollar.
Saturday, October 6th 2018 - 09:05 UTC
US economy booming: unemployment at its lowest in 50 years, even when September was soft

Jobs created in the United States during September fell to its lowest level in a year though the unemployment rate dropped to a point not seen in nearly 50 years, according to the Labor Department figures released Friday.
Saturday, October 6th 2018 - 09:02 UTC
Toyota recalls 2.43 million gasoline-hybrid vehicles for possible stalling

Toyota Motor Corp on Friday said it was recalling a total of 2.43 million gasoline hybrid vehicles at home and abroad over a hybrid system issue which can lead to stalling.
Saturday, October 6th 2018 - 09:00 UTC
Tokyo's traditional Tsukiji fish market closes down this Saturday

After years of delays Tokyo’s 83-year-old Tsukiji fish market is closing on Saturday to move to a more modern facility on reclaimed industrial land in Tokyo Bay. The new, US$ 5 billion facility at Toyosu will open Oct. 11, over the objections of many working in Tsukiji who contend the new site is contaminated, inconvenient and unsafe.
Friday, October 5th 2018 - 09:03 UTC
Industrial activity in Argentina down 5.6% in August and 0.8% in last 12 months

August data for industry was only a slightly better figure than the previous month – in July, a decline of minus 5.7% was witnessed. In June, the sharpest, most pronounced fall of the year was witnessed: 8.1%, year-on-year.
Friday, October 5th 2018 - 08:36 UTC
Argentine Peso slips on Thursday on prospects of higher US interest rates

Argentina’s Peso fell on Thursday, pressured by the recession-hit country’s dismal inflation outlook and higher U.S. interest rates that have pushed capital away from riskier emerging markets and toward the greenback, local traders said. The peso shed 1.85% to close at 38.4 per dollar after having gained 9.58% over the previous three days under a freshly-renegotiated International Monetary Fund financing deal that calls for tougher fiscal and monetary policy measures.