Economy

• Saturday, September 1st 2018 - 07:03 UTC

  UK Pavilion at Uruguay's main agro show; Falklands with a promotion stand

  

  The British Embassy will be part of Uruguay’s most important agricultural event, focused on business, culture, education, food and entertainment, as well as promoting the Falkland Islands. For the fifth consecutive year, the British Embassy in Montevideo takes part in Expo Prado, with a renewed pavilion that invites visitors to explore London’s Underground.

• Friday, August 31st 2018 - 09:16 UTC

  Brazil contains the value of its currency with a US$ 1.5 billion support

  

  The economic and foreign exchange crisis in Argentina and the growing uncertainties in the political scenario of Brazil ahead of October's presidential election also had an impact in the Brazilian currency and markets, forcing the Central bank to come out with a US$ 1.5bn support.

• Friday, August 31st 2018 - 09:01 UTC

  Unemployment in Brazil falls slightly in July to 12.3%

  

  Brazil's unemployment rate dipped slightly in July, as expected, extending a slow and bumpy labor market recovery as pivotal presidential elections loom.

• Friday, August 31st 2018 - 08:53 UTC

  Chinese buyers leave the US soy exporters conference empty handed

  

  An annual U.S. soy exporters' conference wrapped up on Wednesday without any known sales to Chinese buyers, in sharp contrast to previous years when billions of dollars of the main U.S. cash crop have been signed over to China in elaborate ceremonies.

• Friday, August 31st 2018 - 08:41 UTC

  Trump threatens to withdraw the US from the World Trade Organization

  

  President Donald Trump has threatened to withdraw the US from the World Trade Organization (WTO) if the body fails to change the way it treats America. “If they don't shape up, I would withdraw from the WTO,” Mr. Trump said in an interview with Bloomberg News.

• Friday, August 31st 2018 - 08:06 UTC

  Bargain shopping for oil companies in Buenos Aires stock market

  

  While the foreign exchange market in Argentina experienced a chaotic Thursday with no ceiling for the US dollar as locals dumped their Argentine pesos, the Argentine stock market witnessed another strong increase with the Merval index up 5.3% reaching 26.754,85 points, boosted mainly by the oil industry stocks.

• Friday, August 31st 2018 - 07:43 UTC

  Argentine peso plummets and central bank raises interest rate to 60%

  

  The Argentine Peso plummeted 15.6% to a new record on Thursday, and ended trading at 39.87 after having reached almost 42 Pesos to the US dollar in mid afternoon. This follows on the Wednesday which also witnessed the Argentine currency slide 7% to the greenback.

• Thursday, August 30th 2018 - 09:11 UTC

  Macri addresses the nation; IMF pledges more support but Peso falls 7%, a record 34 to the US dollar

  

  Argentina's Peso suffered its biggest one-day slide in almost three years on Wednesday after the central bank sold reserves for a second straight day and the president asked the International Monetary Fund for early release of standby funds.

• Thursday, August 30th 2018 - 09:10 UTC

  U.S. economy in the second quarter expanded at an annualized 4.2%

  

  The United States economic growth was stronger than initially thought in the second quarter, notching its best performance in nearly four years and putting the economy on track to hit the Trump administration’s goal of 3% annual growth.

• Thursday, August 30th 2018 - 09:00 UTC

  EU and UK adopt a milder approach in an attempt to avoid a “Brexit no deal”

  

  The EU must back Theresa May's Brexit plan or risk the UK leaving without a deal, the most senior member of the UK PM's cabinet has said. Cabinet Office Minister David Lidington said the European Commission's proposals remained unacceptable and he appealed for compromise from the EU side in Brexit talks.