Economy

Friday, November 9th 2018 - 18:40 UTC
“Bolivianisation” of economy brings “shortage” of foreign currency - big business for black market

Evo Morales' government pushing to expand the “bolivianisation” of the country's economy has resulted in a “shortage” of foreign currency - particularly of US dollars - and to a subsequent growth of the exchange black market, it as repirted.
Friday, November 9th 2018 - 09:58 UTC
Argentina expects a record harvest of 140 million tons of grain and oilseeds

Argentina is expected to harvest some 140 million tons of grain in the 2018/2019 season, the largest crop in the country's history, according to Argentina's Agriculture Secretariat.
Friday, November 9th 2018 - 09:09 UTC
Bolsonaro vows to investigate Americas largest development bank, Brazil's BNDES

Right-wing President-elect Jair Bolsonaro vowed in a tweet on Thursday to investigate Brazil’s state-run national development bank, BNDES, for corruption by opening its “black box” of secret transactions. BNDES is the largest development lender in the Americas with a loan book larger than the World Bank’s.
Friday, November 9th 2018 - 08:45 UTC
Federal Reserve leaves rate unchanged but December hike is expected

The Federal Reserve has left its key policy rate unchanged but signaled that it plans to keep responding to the strong U.S. economy with more interest rate hikes. The next rate increase is expected in December.
Friday, November 9th 2018 - 08:41 UTC
China exports and surplus remain strong while imports started to pick up

China reported much stronger-than-expected exports for October as shippers rushed goods to the United States, its biggest trading partner, racing to beat higher tariff rates due to kick in at the start of next year. Import growth also defied forecasts for a slowdown, suggesting Beijing’s growth-boosting measures to support the cooling economy may be slowly starting to make themselves felt.
Friday, November 9th 2018 - 08:30 UTC
Falkland Islands could have a new port in the next two years

The Falkland Islands could have a new port within the next two years. Three consortia have presented proposals to the Falkland Islands Government (FIG) for a new port confirmed Legislative Assembly Member Dr Barry Elsby in recent weeks.
Friday, November 9th 2018 - 08:09 UTC
Falklands' toothfish fishery re-certified by the Marine Stewardship Council

The Falkland Islands longline toothfish fishery has been re-certified under the Marine Stewardship Council’s Principles of Sustainability, it was announced this week.The fishery, which was originally certified in 2014 for a five year period, is the only Falkland Islands fishery to be certified under the scheme.
Friday, November 9th 2018 - 07:29 UTC
Argentina launches off-shore bidding in the Austral and Malvinas regions

Argentina has launched its first offshore bidding round in nearly three decades. The country's energy secretariat published details regarding bidding terms and conditions for public bidding for exploration licenses.
Friday, November 9th 2018 - 07:15 UTC
Carnival in strategic alliance to promote the cruise industry for Chinese tourists

Carnival Corporation & plc, the world’s largest leisure travel company, today announced that its cruise joint venture with China State Shipbuilding Corporation (CSSC) will launch this week under the name CSSC Carnival Cruise Shipping Limited. The new China-based cruise company plans to operate its own fleet to serve Chinese cruise guests by the end of 2019.
Thursday, November 8th 2018 - 11:54 UTC
Brazil president elect backtracks on China, Israel, and insists with the pensions' reform

Brazil president-elect Jair Bolsonaro backtracked on some of his more controversial pledges promising to expand trade with China and rethink the idea of moving the country’s embassy in Israel to Jerusalem. Bolsonaro is currently in Brasilia for various meetings with senior officials and transition arrangements.