Economy

Thursday, November 8th 2018 - 08:20 UTC
Fitch lowers prospects for Argentine sovereign debt to negative

The credit rating agency Fitch lowered the prospects for Argentine sovereign debt to negative, arguing the overall weakness of the economy and an uncertain scenario for fiscal consolidation in coming years.
Thursday, November 8th 2018 - 08:15 UTC
“Strong market” for Brazilian automakers, but much will depend on Argentina

Automakers in Brazil last month notched their strongest sales in nearly four years, adding to optimism as the auto industry kicked off the biannual Sao Paulo International Motor Show.
Thursday, November 8th 2018 - 07:34 UTC
US oil output hits another record, but prices and world market remain volatile

Oil prices slipped on Wednesday, continuing a recent slide after surging U.S. crude output hit another record and domestic inventories rose more than expected. The U.S. Energy Information Administration (EIA) said domestic crude inventories rose 5.8 million barrels in the latest week, more than double analysts’ expectations.
Thursday, November 8th 2018 - 07:24 UTC
US confirms “anti dumping” duties on Chinese aluminum products

The U.S. Commerce Department on Wednesday said it would impose final anti-dumping and anti-subsidy duties on Chinese common alloy aluminum sheet products of 96.3% to 176.2%. The decision marks the first time that final duties were issued in a trade remedy case initiated by the U.S. government since 1985.
Thursday, November 8th 2018 - 07:11 UTC
US to review antidumping duties on biodiesel imported from Argentina

The U.S. Commerce Department said it would begin a review of antidumping duties it placed last year on biodiesel imported from Argentina, the Argentine Foreign Ministry said in a statement on Wednesday.
Wednesday, November 7th 2018 - 08:55 UTC
Brazilian inflation to peak in second quarter for 2019, forecasts Central bank

The Brazilian central bank on Tuesday forecast that inflation is likely to peak in the second quarter of 2019 before easing towards its target, adding that underlying inflation was at “appropriate” levels.
Wednesday, November 7th 2018 - 08:43 UTC
US and China agree to a top level meeting next Friday to ease bitter disputes

The United States and China will hold a delayed top-level security dialogue on Friday, the latest sign of a thaw in relations, as China’s vice president said Beijing was willing to talk with Washington to resolve their bitter trade dispute.
Wednesday, November 7th 2018 - 08:17 UTC
UK ministers want a Brexit deal by end of November and plan campaign to sell the deal to MPs and public

Senior British ministers have agreed they want to reach a Brexit deal with the EU by the end of November, sources say. “Everyone saw the difficulties of leaving it longer,” a senior cabinet source told the BBC. Meanwhile, the BBC has seen a detailed suggested timetable of how the government could try to sell a deal to MPs and the public.
Wednesday, November 7th 2018 - 06:29 UTC
Spanish concern with Brexit's consequences for the fishing fleet in UK and Falklands' waters

Growing concern in Spain about the consequences of Britain's withdrawal from the European Union, with or without a deal, and its impact on the country's strong fishing industry. The issue has been debated in Spain's congress.
Tuesday, November 6th 2018 - 15:46 UTC
Bolsonaro stands by pensions reform bill, says it's a step in the right direction

Brazil's president-elect Jair Bolsonaro was supportive Monday of a pensions reform bill already in the Lower House which is expected to be passed into law before his inauguration January 1.