Economy

Wednesday, September 12th 2018 - 08:55 UTC
Argentina's central bank keeps key interest rate at 60%

Argentina's central bank kept its key interest rate on Wednesday at 60%, one of the highest in the world, following a surprise hike two weeks ago after the peso plunged. Central bank officials said in a statement that inflation accelerated in August and continues to do so September, citing high-frequency data.
Wednesday, September 12th 2018 - 08:45 UTC
Brexit fears: UK oil and gas industry concerned about contracting skilled workers

Oil and gas platforms could have to be shut down if a deal on Brexit leads to difficulties accessing skilled workers, according to an industry report. The warning comes in Oil and Gas UK's latest economic report which said delays in accessing labor markets from EU countries have the potential, in some instances, of leading to production being shut in.
Wednesday, September 12th 2018 - 08:38 UTC
Brexit controversy: dissident Tory MPs meet to discuss how and when to dump Theresa May

Conservative MPs opposed to Theresa May's Brexit plan have met to discuss how and when they could force her to stand down as prime minister. Around 50 members of the European Research Group (ERG) openly discussed “how best you game the leadership election rules,” a source said quoted by BBC.
Wednesday, September 12th 2018 - 08:30 UTC
Brazilian equities and currency slump on Tuesday on latest opinion polls

Brazilian equities and currencies slumped on Tuesday after an opinion poll on the presidential election showed leftist candidates gaining ground while market-friendly centrists did not.
Wednesday, September 12th 2018 - 08:21 UTC
Brexit threatening prospects of Jaguar and Land Rover, according to Tata Motors

Protracted Brexit talks are weighing on the recovery prospects of Jaguar Land Rover, according to its Indian owner. The focus of Tata Motors, which bought JLR in 2008 from Ford, is to ensure the automaker remains financially strong in the face of the challenges, Tata Sons Chairman Natarajan Chandrasekaran said in an interview over the weekend. Tata Sons is the parent of Tata Motors.
Wednesday, September 12th 2018 - 08:13 UTC
Argentina equities and Peso slide, in line with Brazil's political situation

Argentine equities and the Peso continued on Tuesday their slide amid global trade tensions, uncertainty about Argentina's 2019 fiscal budget, talks between the government and the International Monetary Fund and the political situation in Brazil, which together with China are Argentina's main trade partners
Tuesday, September 11th 2018 - 09:50 UTC
Macri will receive the Global Citizen Award for his commitment to economic reform

Mauricio Macri, president of Argentina, Erna Solberg, Prime Minister of Norway and Hamdi Ulukaya, founder, chairman and CEO of Chobani and founder of the Tent Partnership for Refugees, will be honored by the Atlantic Council with the Global Citizen Awards, during a ceremony on the evening of September 24 in New York, NY. All three distinguished honorees have confirmed attendance and will speak at the event.
Tuesday, September 11th 2018 - 09:29 UTC
El Niño 2018/19 could be a repeat of 2015/16, cautions WMO

There's a 70% chance of a recurrence of the El Niño weather event before the end of this year, according to the World Meteorological Organization. The last El Niño occurred in 2015-16 and impacted weather patterns around the world, but researchers say they are not expecting this new one to be as intense as 2015-16.
Tuesday, September 11th 2018 - 09:12 UTC
Argentine equities and Peso lose ground on Monday: IMF and budget concerns

Argentine equities and the peso both lost ground on Monday as analysts said intervention in the foreign exchange market by the nation's central bank may prove less successful than originally hoped.
Tuesday, September 11th 2018 - 08:59 UTC
Argentina organizing to become a leading exporter of natural gas

Argentina's biggest natural gas transporter, Transportadora de Gas del Sur, and Texas-based Excelerate Energy, signed on Monday a memorandum of understanding to evaluate building the country's first liquefaction plant, as rising natural gas production fuels export prospects.