Economy

• Wednesday, August 15th 2018 - 07:11 UTC

  Argentine Peso stabilizes, country risk falls and stock market rebounds

  

  The Argentine peso climbed on Tuesday after the Central bank implemented a raft of measures to stabilize the volatile currency on Monday, including increasing the benchmark interest rate to 45% from 40% previously, and announcing it was offering markets US$ 500 million.

• Wednesday, August 15th 2018 - 07:03 UTC

  Argentina: tax cuts on soy meal and soy oil exports suspended six months

  

  Argentina has suspended for six months its program of gradually cutting taxes on exports of soymeal and soyoil, the Treasury Ministry said in a statement on Tuesday, part of the government’s fiscal tightening program. International shipments of both soy products are currently taxed at 23%, lowered gradually from 32% in 2015, the statement said.

• Wednesday, August 15th 2018 - 05:42 UTC

  Record unemployment in UK: 4%; the lowest for more than forty years

  

  UK unemployment fell by 65,000 to 1.36 million in three months to June - the lowest for more than 40 years, official figures from the Office for National Statistics (ONS) show. They also show a rise in productivity, but a slowdown in wage growth.

• Tuesday, August 14th 2018 - 06:50 UTC

  Argentina pledges US$ 500 million on Tuesday to stabilize the forex market

  

  Argentina's peso hit an all-time low on Monday as Latin American currencies sank amid a broader sell-off in emerging markets that have been rattled by the Turkish lira's plunge.

• Monday, August 13th 2018 - 19:53 UTC

  Bayer confident glyphosate is safe for use and does not cause cancer

  

  Pharmaceutical group Bayer has dismissed claims that an ingredient used in weed killers is carcinogenic. The German company, which owns agriculture giant Monsanto, says herbicides containing glyphosate are safe.

• Monday, August 13th 2018 - 18:53 UTC

  Venezuela appealing US$ 1.4bn compensation ruling, threatening Citgo

  

  Venezuelan state oil company PDVSA is appealing a decision allowing Canadian miner Crystallex to take control of shares in U.S. subsidiary PDV Holdings as part of a 10 year dispute over the state takeover of Crystallex assets, a court filing shows.

• Monday, August 13th 2018 - 07:19 UTC

  UK embassy supporting program to help Brazil's energy goals

  

  As part of the UK Government’s Prosperity Fund, the British Embassy in Brazil is commissioning a study to assess various options for the governance structure of an Energy Centre to inform and support the Prosperity Fund Energy Program.

• Monday, August 13th 2018 - 06:54 UTC

  Environmental organizations warn about salmon farming risks in Tierra del Fuego

  

  A report issued by the Forum for the Conservation of the Patagonian Sea and Surrounding Areas warns of the serious impacts that salmon and trout farming would have on the Argentine coast if the initiatives being considered by the federal government and the province of Tierra del Fuego are approved.

• Monday, August 13th 2018 - 06:29 UTC

  Brazil: Smartphones and tablets surpass Internet banking for the first time

  

  The mobile channel has surpassed Internet banking for the first time in Brazil, according to statistics from the Brazilian Central Bank.

• Saturday, August 11th 2018 - 21:37 UTC

  With a Brexit transition deal, UK financial sector “will not be hit as badly as feared”

  

  The UK financial services sector will not be hit by Brexit as badly as feared, London's Lord Mayor has said. Charles Bowman told website Politico between 5,000 and 13,000 jobs could go by the UK's departure on 30 March 2019. The figure, which assumes the UK will secure a transition deal, is based on public Brexit job announcements by City firms and internal staff analysis.