Economy

Tuesday, August 21st 2018 - 08:32 UTC
Brazilian Real loses ground to the dollar following the latest opinion poll

The Brazilian real led losses among Latin American currencies on Monday after an opinion poll showed the market's preferred candidate in October's presidential elections lagging far behind his rivals. The Real was down 0.76% and 15.98% in the eight months of the year.
Tuesday, August 21st 2018 - 08:25 UTC
Latam announces 2Q results; currencies' turbulence has hit shares, down 25%

With this year's sell-off in emerging markets assets hasn't just dented investor returns and confidence, but also weighed heavily on global companies with exposure to developing economy currencies. One that is LATAM Airlines, by far South America's biggest carrier and among the world's largest by network connections.
Monday, August 20th 2018 - 08:14 UTC
Falklands Development Corporation has a new Development Manager, Michael Poole

The former Member of the Falkland Islands Legislative Assembly, Michael Poole took up the position of Development Manager at the Falkland Islands Development Corporation at the start of the month, heading the Business Development team.
Monday, August 20th 2018 - 07:20 UTC
Maduro launches new currency with five zeroes less but the same misery for the people

Uncertainty reigned in Venezuela after President Nicolas Maduro unveiled a major economic reform plan aimed at halting the spiraling hyperinflation that has thrown the oil-rich, cash-poor country into chaos. Ahead of a major currency overhaul on Monday, when Caracas will start issuing new banknotes after slashing five zeroes off the crippled Bolívar, Maduro detailed other measures he hopes will pull Venezuela out of crisis.
Saturday, August 18th 2018 - 08:13 UTC
Donald Trump wants US companies 'to stop quarterly reporting & go to a six month system'

Donald Trump has called for US companies to issue financial reports just twice a year rather than four times. The US President said he has asked the Securities and Exchange Commission to consider altering rules requiring firms to report every quarter.
Saturday, August 18th 2018 - 08:00 UTC
Holland opens its first self recycle offshore dairy farm in the port of Rotterdam

The world's first offshore dairy farm opens in the Port of Rotterdam this year, with the aim of helping the city produce more of its own food sustainably. A Dutch property company, Beladon, is launching the world's first “floating farm” in a city port.
Saturday, August 18th 2018 - 07:52 UTC
Punta Arenas 2018/19 cruise season expects 138 calls and 89.100 visitors

The extreme south Chile 2018/2019 cruise season, which includes mainly Punta Arenas, plus Puerto Natales and Puerto Williams, is expected to take off next September 15 and will extend until 29 March 2019, as reported by the Austral Port Enterprise, EPAustal
Saturday, August 18th 2018 - 07:00 UTC
Macri anticipates more Argentines will fall into poverty this year

More Argentines are likely living in poverty now compared with last year, President Mauricio Macri said on Friday, as the country's economy slides toward recession following a currency crisis and a severe drought that harmed farm output.
Saturday, August 18th 2018 - 06:50 UTC
Brazil's premium on ethanol will have India become the world's largest sugar producer

Brazil will likely step down to become the world's second-largest sugar producer on low global sugar prices and higher profitability and strong demand for ethanol, according to a report by Brazilian consulting company JOB Economia e Planejamento.
Friday, August 17th 2018 - 10:26 UTC
US/China announcement of trade talks come as a relief to world markets

The dollar stepped back from 13-1/2-month highs against other major currencies on Friday as talks next week between China and the United States offered some hope that the world’s two largest economies will find a way to head off a full-blown trade war.