Economy

Wednesday, January 2nd 2019 - 08:50 UTC
Trump's ambassador in London questions Mrs. May Brexit deal and leadership

Donald Trump's offer of a “quick, massive, bilateral trade deal” will not be possible if Theresa May's EU withdrawal agreement is approved, the US ambassador to the UK has warned. President Trump had previously said her Brexit proposal sounded like a “great deal for the EU” Woody Johnson told the BBC the UK was “in need of leadership” over Brexit.
Monday, December 31st 2018 - 00:51 UTC
South America does not help self-employed individuals thrive, study shows

Uruguay and Argentina finished last and next respectively in a study carried out by international consultants Expert Market on the difficulties faced by self-employed individuals in 57 countries, it was reported Saturday.
Saturday, December 29th 2018 - 21:16 UTC
Hemp becomes federally legal in US; estimates of a US$ 20bn industry by 2022

After years of prohibition, industrial hemp is now federally legal in the United States. President Trump signed off on the 2018 Farm Bill which redefines hemp as an agricultural commodity, and more importantly, removes it from the Controlled Substances Act.
Saturday, December 29th 2018 - 07:44 UTC
Petrobras announces hedging program for diesel prices

Brazil’s Petrobras has approved a hedging program for diesel prices in a bid to boost pricing flexibility, the state-run oil firm said in a filing on Friday. While Petrobras did not detail how its diesel hedging program would be structured, it said the move was similar to a measure taken in September, when the company introduced a hedging program for gasoline.
Saturday, December 29th 2018 - 07:22 UTC
Argentina's energy secretary steps down following leaks on the increase of power rates

Argentina's energy secretary resigned on Friday, the government said in a statement, less than 24 hours after news leaked that the administration of President Mauricio Macri plans to increase electricity prices by an average 35% next year.
Friday, December 28th 2018 - 09:20 UTC
Argentina's economic activity in October falls 4%, year-on-year

Economic activity in Argentina fell 4.0% in October versus the same month last year, the government said on Thursday, marking the seventh straight month of declines as the country grapples with recession and high inflation.
Friday, December 28th 2018 - 09:05 UTC
Buenos Aires public transport rates up 40% in three months, beginning January

The Argentine government announced on Thursday new increases in public transport rates, some 40% on average that will apply from next January to travel by bus, train and metro.
Friday, December 28th 2018 - 08:52 UTC
MPs urging a “more meaningful role” in ratifying deals, beginning with Brexit

Parliament must be given a veto over any trade deals the UK signs after Brexit, a committee of MPs has urged. Ministers hope to begin negotiating deals with key partners once the UK leaves the EU in March and start implementing them from 2021 onwards.
Friday, December 28th 2018 - 08:44 UTC
Pakistan to resume negotiations with Mercosur for a free trade agreement

Pakistan has officially requested to resume negotiations with Mercosur for a free trade agreement, with discussions expected to begin in early 2019. Islamabad believes it is an opportunity to bridge the trade deficit with countries of the South American bloc.
Thursday, December 27th 2018 - 21:59 UTC
Peru's GDP forecast to go up in 2019 thanks to private investment, domestic consumption

Peru's gross domestic product (GDP) is set to expand 3.7% this year and the next, boosted by the good performance of private investment and consumption, according to The Economist.