Economy

• Thursday, November 15th 2018 - 12:15 UTC

  No privatization ahead but long term being evaluated, admits Aerolíneas Argentinas boss

  

  Aerolineas Argentinas President Luis Malvido ruled out Wednesday any plans to privatize the national flag carrier and added they had “no intention to close down routes.” However, the company's long term is under evaluation.

• Thursday, November 15th 2018 - 09:01 UTC

  Argentina becomes a major importer of US soybeans

  

  The world of soybean shipping has turned upside down thanks to the ongoing U.S.-China trade war. Argentina, the No. 3 global soy grower, is making major purchases of U.S. supplies. A weekly measure of US shipments to Argentina just rose to the highest in at least 35 years, U.S. government data showed Tuesday.

• Thursday, November 15th 2018 - 08:42 UTC

  Argentina's Senate approves austerity budget agreed with IMF

  

  After 13 hours of debate, the Argentine Senate approved the draft Public Administration Budget for 2019 early on Thursday. The project, presented by Mauricio Macri’s government, went ahead with 45 votes in favor, 24 against and just one abstention.

• Wednesday, November 14th 2018 - 10:29 UTC

  US and China trade talks ahead of Xi and Trump's meeting in Buenos Aires

  

  United States and Chinese negotiators have revived trade talks in the hopes of reaching a draft agreement before President Donald Trump and Chinese leader Xi Jinping meet face-to-face on the sidelines of the G20 meeting in Argentina.

• Wednesday, November 14th 2018 - 08:54 UTC

  UK/EU Brexit announce “technical” breakthrough, but now it faces the political hurdle

  

  UK and EU officials have agreed the draft text of a Brexit agreement after months of negotiations. A cabinet source told the BBC that the document has been agreed at a technical level by officials from both sides after intensive discussions this week. A special cabinet meeting will be held at 14:00 GMT on Wednesday as Theresa May seeks ministers' backing.

• Wednesday, November 14th 2018 - 08:50 UTC

  Italy ignores EC deadline and keeps to its high spending budget

  

  The Italian government has defied the European Commission by sticking to its big-spending budget plan. Deputy Prime Minister Matteo Salvini said a deficit target of 2.4% and a growth forecast of 1.5% were unchanged.

• Wednesday, November 14th 2018 - 08:08 UTC

  Weights and measures conference to re-calibrate a kilogram

  

  Looking like a museum piece, a replica of the prototype to determine the exact unit of measurement for a kilogram was displayed under glass at the National Institute of Advanced Industrial Science and Technology in Tsukuba, Japan.

• Wednesday, November 14th 2018 - 07:46 UTC

  Japan's central bank owns more assets than the country's whole economy

  

  Japan's central bank has become the first among Group of Seven nations to own assets collectively worth more than the country's entire economy, following a half-decade spending spree designed to accelerate weak price growth.

• Tuesday, November 13th 2018 - 11:18 UTC

  S&P downgrades Argentina's long term sovereign debt from “B+” to “B”

  

  Standard & Poor's on Monday downgraded Argentina's sovereign long term credit rating from “B+” to “B” and reviewed the country's debt prospects to “stable”, following on the “negative” review from last August.

• Tuesday, November 13th 2018 - 10:42 UTC

  Bolsonaro's economic team incorporates another Chicago orthodox liberal

  

  Joaquim Levy, managing director and World Bank chief financial officer, has been tapped to be the next president of Brazil’s national economic and social development bank BNDES, news advanced to a column in daily O Estado de S. Paulo published on Sunday.