Economy

• Saturday, October 27th 2018 - 09:06 UTC

  Falklands retail prices increased 3% over the last twelve months

  

  The Falkland Islands retail price index (RPI) increased by 3% over the last 12 months, the Standing Finance Committee was told this week. The hike is principally down to an increase in the cost of fuel and power (excluding fuel for transport), which led to a 1.6% increase in the index, and food and non-alcoholic beverages, which further raised it by 1.1%.

• Saturday, October 27th 2018 - 09:01 UTC

  S&P lowers Italy's outlook to negative; criticizes Rome's economic and fiscal policies

  

  Standard & Poor’s on Friday left Italy’s sovereign debt rating unchanged but lowered its outlook to negative from stable, saying that the new government’s policy plans were weighing on the country’s growth and debt prospects.

• Saturday, October 27th 2018 - 08:56 UTC

  Sunday regional vote in Germany could decide survival of a weakened Merkel coalition

  

  A Sunday regional election in Germany is closely scrutinized since the ruling coalition's survival much hangs upon the outcome of a state vote. Even before the first voters set foot in Hesse's polling stations, it is widely accepted that what happens in Hesse will have consequences in Berlin. For the German government and perhaps even for the German leader herself.

• Saturday, October 27th 2018 - 08:39 UTC

  A no Brexit deal will slow sharply UK economic growth, says think tank

  

  A no-deal Brexit could slam the brakes on the UK’s economic growth, wiping out Chancellor Philip Hammond’s hopes of boosting public spending, a think tank has said. If the UK fails to reach a withdrawal deal with the EU and moves on to World Trade Organization (WTO) rules next March, GDP growth can be expected to slow sharply from 1.4% this year to 0.3% in both 2019 and 2020, said the National Institute of Economic and Social Research (Niesr).

• Friday, October 26th 2018 - 11:08 UTC

  Uruguay has no knowledge of lawsuit over PLUNA, says Minister Rossi

  

  Uruguay's government knows nothing about a lawsuit from a US investment fund for the bankruptcy of the flag airline PLUNA, Transport Minister Víctor Rossi explained Wednesday.

• Friday, October 26th 2018 - 09:51 UTC

  Higher taxes ahead for Argentine real estate owners

  

  Argentine President Mauricio Macri has created a new body within his administration to reassess the value of land and home property in order to “reflect the reality of the real estate market” ... and recalculate taxation thereupon.

• Friday, October 26th 2018 - 08:19 UTC

  Lords furious with Brexit Secretary who refuses to attend and inform EU Select Committee

  

  The House of Lords EU Select Committee has written to Brexit Secretary Dominic Raab urging him not to stand in the way of Parliamentary scrutiny, and to honor his previous commitment to give evidence to Committees “on a regular basis”.

• Friday, October 26th 2018 - 07:38 UTC

  Argentina expects final approval of 2019 budget by mid November

  

  Lawmakers in Argentina’s lower house of Congress approved on early morning Thursday an unpopular austerity budget designed to meet the stiff requirements of a US$57.1 billion International Monetary Fund bailout.

• Friday, October 26th 2018 - 00:48 UTC

  Dujovne foresees Argentina's October inflation “will be bad”

  

  Argentina's Finance Minister Nicolás Dujovne Tuesday admitted October's inflation “will be bad” due to the September carryover. But he expected “a clear drop” for November.

• Thursday, October 25th 2018 - 21:31 UTC

  Faurie in London: “Argentina is building institutions”

  

  Argentina’s Foreign Minister spoke at a conference in Chatham House about the political and economic changes happening in Latin America.