Economy

Thursday, November 8th 2018 - 07:24 UTC
US confirms “anti dumping” duties on Chinese aluminum products

The U.S. Commerce Department on Wednesday said it would impose final anti-dumping and anti-subsidy duties on Chinese common alloy aluminum sheet products of 96.3% to 176.2%. The decision marks the first time that final duties were issued in a trade remedy case initiated by the U.S. government since 1985.
Thursday, November 8th 2018 - 07:11 UTC
US to review antidumping duties on biodiesel imported from Argentina

The U.S. Commerce Department said it would begin a review of antidumping duties it placed last year on biodiesel imported from Argentina, the Argentine Foreign Ministry said in a statement on Wednesday.
Wednesday, November 7th 2018 - 08:55 UTC
Brazilian inflation to peak in second quarter for 2019, forecasts Central bank

The Brazilian central bank on Tuesday forecast that inflation is likely to peak in the second quarter of 2019 before easing towards its target, adding that underlying inflation was at “appropriate” levels.
Wednesday, November 7th 2018 - 08:43 UTC
US and China agree to a top level meeting next Friday to ease bitter disputes

The United States and China will hold a delayed top-level security dialogue on Friday, the latest sign of a thaw in relations, as China’s vice president said Beijing was willing to talk with Washington to resolve their bitter trade dispute.
Wednesday, November 7th 2018 - 08:17 UTC
UK ministers want a Brexit deal by end of November and plan campaign to sell the deal to MPs and public

Senior British ministers have agreed they want to reach a Brexit deal with the EU by the end of November, sources say. “Everyone saw the difficulties of leaving it longer,” a senior cabinet source told the BBC. Meanwhile, the BBC has seen a detailed suggested timetable of how the government could try to sell a deal to MPs and the public.
Wednesday, November 7th 2018 - 06:29 UTC
Spanish concern with Brexit's consequences for the fishing fleet in UK and Falklands' waters

Growing concern in Spain about the consequences of Britain's withdrawal from the European Union, with or without a deal, and its impact on the country's strong fishing industry. The issue has been debated in Spain's congress.
Tuesday, November 6th 2018 - 15:46 UTC
Bolsonaro stands by pensions reform bill, says it's a step in the right direction

Brazil's president-elect Jair Bolsonaro was supportive Monday of a pensions reform bill already in the Lower House which is expected to be passed into law before his inauguration January 1.
Tuesday, November 6th 2018 - 14:30 UTC
Alpargatas closes Chaco factory, lays off all workers, sells facilities

The clothing firm Alpargatas shut down its factory in the Argentine province of Chaco, it was reported Monday. The company made it clear it was not a temporary measure by laying off the entire staff and placing the facilities on sale. Further closures and subsequent dismissals nationwide look imminent.
Tuesday, November 6th 2018 - 10:22 UTC
Chilean operators to seek Supreme Court ruling on Latam / American Airlines “cartel” agreement

The Chilean Association of Tourism Companies (ACHET) Monday announced it will take the question of the agreement of Latam Airlines with American Airlines and International Airlines Groups (IAG), which was approved last Wednesday by the Court of Defense of Free Competition (TDLC), to the Supreme Court, the Diario Financiero newspaper reported.
Tuesday, November 6th 2018 - 08:58 UTC
Cuban economy again on the downturn; austerity measures to continue into 2019

Communist-run Cuba’s economic growth will come in at around 1% this year, compared with the 2% previously forecast, due to a fall in exports and tourism revenue, state-run media reported over the weekend. The Caribbean island’s gross domestic product grew 1.8% last year and 0.5% in 2016.