Economy

Friday, October 12th 2018 - 09:05 UTC
Chile wants lithium traded on the London Metals Exchange

Chile has called for lithium to be traded on the London Metals Exchange to provide greater “clarity” about its value, mining minister Baldo Prokurica said. At present, lithium producers negotiate contracts with buyers but the terms of the deals are not made public. Critics say this lack of clarity has a chilling effect on potential new investment in the market since the metal’s value cannot be precisely measured.
Friday, October 12th 2018 - 08:54 UTC
Volatile session in US markets with indexes continuing the several sessions slide

Wall Street indexes continued their slide in Thursday’s volatile session as investors worried about rising interest rates and braced for a trade war hit to corporate earnings a day ahead of the quarterly reporting season kickoff.
Friday, October 12th 2018 - 08:43 UTC
Despite poor weather Argentina expects a 2018/19 wheat crop of 19 million tons

Frost and a lack of rain could scale back Argentina's wheat crop for the 2018-19 season, which is currently seen at a record 19.7 million tons, the Buenos Aires Grains Exchange said on Thursday.
Friday, October 12th 2018 - 08:29 UTC
UK cabinet ministers concerned about potential compromises with EU over Brexit

UK government cabinet ministers raised concerns about potential compromises with the EU over Brexit at a No 10 meeting on Thursday. According to London media reports Liam Fox, Michael Gove and Dominic Raab expressed concern the whole of the UK could remain in the customs union for an open-ended period.
Friday, October 12th 2018 - 02:04 UTC
Falklands’ government and fishing industry seek support in Galicia

A delegation from the Falkland Islands government was last week in Vigo, Spain to support Falklands Fishing Company Association (FIFCA) members attending the Conxemar Seafood Exhibition and to reinforce the Falkland Islands case during Brexit negotiations.
Thursday, October 11th 2018 - 16:47 UTC
Pensions way behind inflation, admits Argentine bureau chief

Argentina's Pensions Bureau (ANSES) Director Emilio Basavilbaso Wednesday acknowledged that inflation has rapidly outpaced what senior citizens collect monthly.
Thursday, October 11th 2018 - 16:31 UTC
Beef trade falls in Argentina due to crisis

Argentina's beef market fell 16.7% in September due to the country's crisis amid “worsening macroeconomic conditions,” according to the Chamber of Industry and Meat Trade (CICCRA).
Thursday, October 11th 2018 - 09:08 UTC
US markets suffer their sharpest one-day fall: fears of interest rates, inflation and trade tensions

United States share markets suffered on Wednesday their sharpest one-day falls in months, as fears about rising interest rates, inflation, trade tensions intensified. The tech-heavy Nasdaq led the declines, sliding 4%, or 315.9 points, to 7,422. The Dow Jones and S&P 500 also fell by more than 3%, with losses accelerating towards the end of the day. Netflix fell 8%, while Amazon slid 6%.
Thursday, October 11th 2018 - 08:44 UTC
Argentina attracting more tourists while less Argentines travelling overseas

The number of incoming tourists to Argentina is increasing month after month since the drastic devaluation of the local currency, while outgoing tourism has dropped significantly. According to the latest release from the country's stats office, Indec, 224.000 tourists arrived in Argentina during August, 7.4% more than a year ago, while residents travelling overseas dropped 11.9%, to 335.300.
Thursday, October 11th 2018 - 08:31 UTC
World Bank unveils “Human Capital Index”: Singapore, South Korea, Japan and Hong Kong top of the list

The World Bank Group unveiled a new system on Thursday to rank countries based on their success in developing human capital, an effort to prod governments to invest more effectively in education and healthcare.