Economy

• Wednesday, August 1st 2018 - 08:59 UTC

  Change of Chinese import duties impacts on Jaguar Land Rover profits

  

  Jaguar Land Rover (JLR) has reported a loss for the first time in three years after sales slowed in China. The UK's biggest car firm, which is owned by India's Tata Motors, blamed the setback on “multiple challenges”.

• Wednesday, August 1st 2018 - 08:18 UTC

  Brazil investigating collusion and price fixing at the fuel pump: largest distributors targeted

  

  Brazil’s three largest fuel distribution companies are under investigation for fixing prices at the pump, police said on Tuesday, reigniting debate over potential collusion among gas station owners in Latin America’s largest oil producer.

• Wednesday, August 1st 2018 - 07:12 UTC

  China and Argentina ties increasingly closer

  

  China's offer of financial support to Argentina is the latest example of the Asian nation filling a vacuum in what has traditionally been the backyard of the U.S. While President Donald Trump has not paid a visit to Latin America since his inauguration in January 2017, China has stepped up its financial assistance to Argentina and worked to strengthen their trade ties.

• Tuesday, July 31st 2018 - 18:55 UTC

  Failure of coffee crop forces more Guatemalans to migrate north to the US

  

  A mix of roya, climate change and low coffee prices in Guatemala are causing greater numbers of workers and some landowners to abandon the coffee farms and migrate north to the United States.

• Tuesday, July 31st 2018 - 10:26 UTC

  BRICS' leaders support Argentina's economic strategy, claims president Macri

  

  Leaders from the BRICS bloc of emerging economies share a “positive outlook” on Argentina's embattled economy, President Mauricio Macri said on Monday. Macri added that leaders from BRICS members - Brazil, Russia, India, China and South Africa - meeting in Johannesburg for the July 25-27 summit also expressed their support for the Argentine government's economic strategy.

• Tuesday, July 31st 2018 - 08:36 UTC

  Guyana top country in discovered oil resources during 2018

  

  Discovered resources globally of conventional oil and natural gas surpassed 4.5 billion barrels of oil equivalent in the first half of 2018, making for an exciting recovery with Guyana leading the way, according to analysis by Rystad Energy. Average monthly discovered volumes are 826 million barrels of oil equivalent. This is a 30% increase from 2017.

• Tuesday, July 31st 2018 - 08:19 UTC

  YPF faces a US$ 14 billion lawsuit in the US, dating back to Maxus Energy acquisition

  

  Argentina's hydrocarbons company YPF is facing a fresh lawsuit in the United States, this time for US$14bn, which is twice the market value of the state oil firm, over alleged corporate restructuring that the company was said to have carried out several years ago.

• Monday, July 30th 2018 - 14:29 UTC

  “Immediate beginning” of trade negotiations with EU, announces Trump's chief economic advisor

  

  President Trump's chief economic adviser Larry Kudlow says that trade negotiations with the European Union are set to begin “immediately” following a meeting between Mr. Trump and European Commission President Jean-Claude Juncker. The two agreed to work toward “zero” tariffs and hold off on additional tariffs at the meeting at the White House on Thursday.

• Monday, July 30th 2018 - 12:23 UTC

  The other side of Nicaragua's instability: economic growth could drop from 4.9% to 1%.

  

  Nicaragua's protracted political crisis, which has lasted well over three months, is impairing economic growth, according to the central bank. Central bank chief Ovidio Reyes said the initial 4.9% growth forecast in gross domestic product (GDP) for 2018 could fall as low as 1% if ongoing protests continue to disrupt daily life.

• Saturday, July 28th 2018 - 15:30 UTC

  Falklands operating surplus reaches £38 million; strong corporation tax receipts

  

  The Falkland Islands Government operating surplus now stands at over £38 million, Standing Finance Committee members were informed this week. The large surplus is due to favorable corporation tax receipts, and was arrived at by deducting operating costs of £68 million from the year’s income, which is £106 million.