Economy

• Tuesday, October 30th 2018 - 17:14 UTC

  Bolivia's YPFB must be more competitive to negotiate gas with Brazil

  

  Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) needs to lay out a more competitive plan in terms of prices and delivery methods if it is to negotiate the sale of gas to private Brazilian companies in an adverse political context, according to former minister and hydrocarbons specialist Álvaro Ríos.

• Tuesday, October 30th 2018 - 08:50 UTC

  Future economy minister says Mercosur not a priority for Bolsonaro's Brazil

  

  Mercosur is not a priority, and Argentina is not a priority for the new government of Brazil, the priority is to trade with all the world. The strong statement came from Paulo Guedes, signaled as the next Finance minister of president elect Jair Bolsonaro's cabinet and a crucial player in that team since the newly elected leader has admitted a limited knowledge of economics.

• Tuesday, October 30th 2018 - 08:45 UTC

  YPF plans US$ 4bn annual investment in oil and gas production

  

  Argentina's state-controlled oil company, YPF, will significantly boost oil and gas production, investing between US$4 and US$ 5 billion per year through 2022, Chief Executive Daniel Gonzalez said. The plan is to raise production by between 5and 7% per year, with the largest increase in the Vaca Muerta formation, one of the world's largest reserves of shale oil and gas.

• Tuesday, October 30th 2018 - 08:40 UTC

  UK Budget time: “Austerity coming to an end” announces Chancellor Hammond

  

  Chancellor of the Exchequer Philip Hammond has said the “era of austerity is finally coming to an end”, in his last Budget before Brexit. He spent a windfall from better public finances on more money for universal credit and bringing forward planned income tax cuts by a year.

• Sunday, October 28th 2018 - 18:00 UTC

  Fitch cautious about UK as no-deal Brexit scenario looks inevitable

  

  The increased likelihood of a no-deal Brexit scenario has led ratings agency Fitch to envision serious damages to the United Kingdom's economy for future assessments, although it maintained Britain's long-term AA grade... For now.

• Sunday, October 28th 2018 - 16:55 UTC

  Last minute polls confirm Bolsonaro will be Brazil's next elected president

  

  The ultra right candidate Jair Bolsonaro continued ahead of Fernando Haddad in the runoff for the Brazilian presidency scheduled to take place this Sunday, 28 October. According to the latest public opinion poll, released late Saturday, the ex Army captain and paratrooper had a 54% of valid votes support while the Workers Party hopeful stood at 46%, that is an eight points difference.

• Saturday, October 27th 2018 - 09:50 UTC

  Markets confident of Bolsonaro victory: stocks up 2% and Real logs sixth straight sessions' win

  

  Brazilian stocks index, Bovespa, rose nearly 2% on Friday ahead of this weekend's presidential election, whole Brazil's Real further consolidated. The MSCI's index of emerging market stocks in the region gained 1.24%. Although, the region's markets fared better than emerging markets elsewhere, they were on track to end a five-week winning streak.

• Saturday, October 27th 2018 - 09:43 UTC

  Government and consumer spending boosts US economy in third quarter

  

  The US economy slowed less than expected in the third quarter as a tariff-related drop in soybean exports was partially offset by the strongest consumer spending in nearly four years, keeping it on track to hit the Trump administration’s 3% growth target this year.

• Saturday, October 27th 2018 - 09:38 UTC

  IMF completes review of Argentina's stand-by loan; Lagarde praises performance

  

  The Executive Board of the International Monetary Fund (IMF) completed on Friday the first review of Argentina’s economic performance under the 36-month Stand-By Arrangement (SBA) that was approved on June 20, 2018.

• Saturday, October 27th 2018 - 09:28 UTC

  Falklands' penguin series of coins features the Rockhopper in full color

  

  The government and treasury of the Falkland Islands have issued the fifth and final coin which is part of an overall five-coin set featuring one of the planet’s most curious and unique species of bird, the penguin.