Economy

• Friday, September 7th 2018 - 08:50 UTC

  Falklands' beds for tourists has grown by 31% and is now 500

  

  The number of rooms and beds available in the Falkland Islands has increased significantly over the last two seasons, both in Stanley and Camp, Stephanie Middleton, Executive Director of the Falkland Islands Tourist Board told the Penguin News.

• Thursday, September 6th 2018 - 09:04 UTC

  In Brazil, the Real and Bovespa stock index recovered slightly on Wednesday

  

  In Brazil, the Real currency and benchmark Bovespa stock index strengthened slightly on Wednesday. Political uncertainty in Brazil took a toll after judicial authorities canceled the release of a closely-watched opinion poll on technical grounds.

• Thursday, September 6th 2018 - 08:50 UTC

  World stock markets lower on fears of trade tensions and emerging markets currencies

  

  World stock markets pushed lower on Wednesday amid simmering trade tensions and the spreading financial firestorm across emerging market currencies. MSCI’s emerging markets equity index dropped for the sixth straight day, losing more than 1% in Asia and nearly fully reversing the late August bound in the benchmark.

• Thursday, September 6th 2018 - 08:40 UTC

  IMF receptive to Argentina's request, but now Macri must implement the hard austerity program

  

  Argentina’s economy minister sounded upbeat on Wednesday about clinching a new deal with the International Monetary Fund after two days of talks in Washington, and said had sought U.S. support for securing approval from the IMF’s board.

• Thursday, September 6th 2018 - 08:22 UTC

  U.S. trade deficit at a five month high in July; China maintains a comfortable surplus

  

  The U.S. trade deficit rose to a five-month high in July, with the politically sensitive gap with China hitting a record high, which economists said could embolden the Trump administration to aggressively pursue its “America First” agenda.

• Thursday, September 6th 2018 - 08:12 UTC

  Trump says the US is not yet ready to reach a trade agreement with China

  

  U.S. President Donald Trump said on Wednesday that the United States was not yet ready to come to an agreement over trade disputes with China but he said talks would continue.

• Wednesday, September 5th 2018 - 11:52 UTC

  Tourism becomes world’s third-largest export sector according UNWTO

  

  The international tourism sector has seen uninterrupted growth in arrivals for eight straight years, with 2017’s growth being the highest since 2010; with a record performance of US$ 1.6 trillion. This represents an increase of 7%, according to the World Tourism Organization (UNWTO).

• Wednesday, September 5th 2018 - 08:16 UTC

  Argentine Peso slid another 2.18% and the Central bank sold US$ 350 million in reserves

  

  Argentina’s peso slid further on Tuesday as investors reacted with skepticism to president Mauricio Macri’s plans. Many worry he will not be able to push reforms through a restive Congress amid growing frustration on the streets of Buenos Aires.

• Wednesday, September 5th 2018 - 07:55 UTC

  Falklands 2017/18 budget had an operating surplus of £38 million

  

  The Falkland Islands Government operating surplus of £38 million for 2017/18 was driven primarily by favourable Corporation Tax receipts. The original budgeted deficit in my view led the former Legislative Assembly to be over cautious in their demands leading to unnecessary thrift in some areas, according to MLA Roger Spink, who is head of the Government Services Portfolio of the Assembly.

• Wednesday, September 5th 2018 - 07:30 UTC

  Argentina/IMF discussions continue this Wednesday; strong support from Trump

  

  Argentina “made progress” on Tuesday in talks with the International Monetary Fund aimed at securing an accelerated disbursement of a US$50 billion loan it hopes will calm its debilitating economic crisis.