Economy

• Monday, December 3rd 2018 - 06:42 UTC

  China boosts Argentina's foreign reserves with a US$ 9 billion currency swap

  

  China and Argentina signed a US$ 9 billion currency swap agreement to boost the South American country’s foreign currency reserves, its central bank announced on Sunday.

• Sunday, December 2nd 2018 - 21:17 UTC

  Xi Jinping furthers China's involvement with Argentina during meeting with Macri

  

  Presidents Mauricio Macri of Argentina and Xi Jinping of China Sunday met in a post-G20 encounter at the former's residence in the outskirts of Buenos Aires to further develop the relations between their two countries.

• Sunday, December 2nd 2018 - 08:34 UTC

  Trump and Xi in Buenos Aires agree a 90 day truce to continue US/China trade talks

  

  US President Donald Trump and his Chinese counterpart Xi Jinping have agreed to halt new trade tariffs for 90 days to allow for talks, the US says. The two men met in Buenos Aires after the G20 summit for their first talks since a trade war erupted this year.

• Saturday, December 1st 2018 - 22:44 UTC

  Mexico, US, Canada sign Buenos Aires treaty to replace NAFTA

  

  The presidents of the United States and of Mexico and Canada's Prime Minister signed Friday in Buenos Aires the new North American trade agreement, known as the United States-Mexico-Canada Agreement (USMCA), which is to replace the NAFTA one.

• Saturday, December 1st 2018 - 10:24 UTC

  Brazilian economy accelerates in the third quarter

  

  The Brazilian economy accelerated sharply in the third quarter as record-low interest rates and a one-off government-led boost helped it bounce back from the impact of a nationwide truckers’ strike. Gross domestic product rose 0.8% from the second quarter and 1.4% from the third quarter of 2017, government statistics agency IBGE said on Friday.

• Saturday, December 1st 2018 - 09:24 UTC

  Oil prices in November slide 20%, the weakest month in more than ten years

  

  Oil prices edged lower on Friday due to concerns of oversupply and a strong dollar. The two benchmarks, North Sea Brent LCOc1 and U.S. crude CLc1, still have had their weakest month in more than 10 years in November, losing more than 20% as global supply has outstripped demand.

• Saturday, December 1st 2018 - 08:56 UTC

  Russia and Argentina sign fisheries conservation cooperation accord

  

  Argentina and Russia signed on Friday a fisheries and aquaculture cooperation agreement including elaboration of projects for the conservation and sustainable management of resources, as well certifying export fishing plants.

• Saturday, December 1st 2018 - 08:47 UTC

  Bolsonaro recommends “prudence” before signing any Mercosur/EU agreement

  

  Brazil's president-elect Jair Bolsonaro said “prudence” was necessary before signing any trade agreement with other nations, in reference to the ongoing negotiations between Mercosur and the European Union.

• Friday, November 30th 2018 - 23:01 UTC

  Macri holds trust-building side meeting with PM May during G-20 Summit

  

  Argentine President Mauricio Macri Friday held a bilateral meeting with British Prime Minister Theresa May in what turned out to be the first one-on-one encounter between heads of government of the two countries after the 1982 Falklands War.

• Friday, November 30th 2018 - 05:52 UTC

  Falklands voice dismay and praise for second commercial flight

  

  The proposed second airline service between the Falklands and South America with a once a month stopover in Argentina, drew both strongly voiced concerns and praise at a public meeting held on Wednesday evening in Stanley. Worried citizens suggested Argentina might manipulate Islanders by threatening to interrupt the link to Sao Paulo, Brazil in the longer term.