Economy

Thursday, November 1st 2018 - 08:50 UTC
Brazil leaves interest rates unchanged at an all time low: reduced risks of inflation

Brazil’s central bank on Wednesday held interest rates at an all-time low less than a week after the victory of far-right lawmaker Jair Bolsonaro in presidential elections allayed fears of a currency sell-off.
Thursday, November 1st 2018 - 08:41 UTC
Buenos Aires and Ushuaia consider hosting the 2026 Winter Olympics

Argentina could be a late candidate to host the 2026 Winter Olympics, the country's Olympic Committee said on Wednesday, as the three current bidders face major obstacles ahead of next year's decision by the International Olympic Committee (IOC).
Thursday, November 1st 2018 - 08:28 UTC
Middle income BOTs hit by natural disasters could have access to OECD aid

British overseas territories hit by natural disasters could get access to foreign aid under plans agreed by the richest nations, according to a report from the BBC. Some Caribbean islands damaged last year by hurricanes did not get official development assistance because their national incomes were too high.
Thursday, November 1st 2018 - 08:06 UTC
Russia lifts ban on imports of pork and beef from nine Brazilian plants

Russia's agriculture safety watchdog said on Wednesday it would allow imports of beef and pork from nine Brazilian plants beginning on Thursday, ending an 11-month ban triggered by concerns about the safety of their meat products.
Thursday, November 1st 2018 - 06:56 UTC
Brazilian ministers object Bolsonaro's plans to merge Agriculture and Environment

Brazil’s environment and agriculture ministers on Wednesday criticized President-elect Jair Bolsonaro’s plans to merge their departments, saying it would hurt the country’s agenda on both fronts. Bolsonaro has pledged to roughly halve the number of existing ministries in an effort to reduce bureaucracy and government bloat. He also vowed to merge the planning, finance and industry ministries into one super ministry.
Thursday, November 1st 2018 - 06:12 UTC
The Times reports EU/UK tentative deal on financial services: sterling jumps 0.6%

British Prime Minister Theresa May has struck a deal with the European Union that would give UK financial services companies continued access to European markets after Brexit, the Times reported on Thursday.
Wednesday, October 31st 2018 - 09:01 UTC
Several Army generals expected in Bolsonaro's cabinet to be announced next Monday

Brazil’s far-right president-elect, Jair Bolsonaro, is likely to tap army generals and an ultra-free-market economist for key roles in his cabinet. The former army captain styles himself as an outsider, even though he has spent a long career in Congress, and has mostly sought prospective ministers with little political experience.
Wednesday, October 31st 2018 - 08:52 UTC
Beijing concerned a weaker Yuan could further trigger trade war with the U.S.

The Chinese Yuan weakened to a decade low on Tuesday on concerns over China's slowing economy and the US trade war, but Beijing was expected to prevent it breaking the psychologically important 7 Yuan per dollar barrier. The Yuan drifted past 6.96 to the dollar, hitting its weakest levels since May 2008.
Wednesday, October 31st 2018 - 08:43 UTC
Brazil's unemployment down to 11.9% in the third quarter

Brazil's unemployment rate fell for the sixth straight month in September, according to government data released on Tuesday, two days after far-right congressman Jair Bolsonaro was elected president on a promise of sweeping change. The jobless rate -- measured in sliding three-month intervals -- was 11.9% for the period from July to September, down from 12.1% from June to August.
Wednesday, October 31st 2018 - 08:23 UTC
Argentina resumes natural gas export to Chile after twelve years

Argentina has begun exporting natural gas to Chile after a 12 year interlude, Chilean President Sebastian Piñera said on Tuesday, as the two neighboring countries seek to increasingly integrate their energy supply and electricity grids.