Economy

Tuesday, October 2nd 2018 - 08:21 UTC
Argentine Peso rises 4% after central bank sells seven-day notes paying 72%

The he Argentine peso climbed more than 4% on Monday trading on the back of a debt sale by the central bank aimed at mopping up excess liquidity and signs that the International Monetary Fund (IMF) is solidly behind the administration of president Mauricio Macri.
Monday, October 1st 2018 - 08:56 UTC
Beijing currency swap support for Argentina

Argentina has “nearly closed” a new currency swap deal with China that will add the equivalent of US$ 9 billion to the South American country’s reserves, the central bank said on Sunday. Argentina and China first agreed to a swap program in 2009 to boost the South American country’s dwindling reserves under former President Cristina Fernandez. Last year, the center-right government of President Mauricio Macri and China agreed to extend the program for three more years.
Monday, October 1st 2018 - 08:42 UTC
US and Canada reach a NAFTA framework pudate; “we have a trilateral deal”, sayd Mexican sources

The US dollar slipped against the Canadian dollar on Monday as the United States and Canada reached a framework deal to update the North American Free Trade Agreement. The deal reached involves offering more dairy access to U.S. farmers as well as Canada agreeing to a side-letter arrangement effectively capping automobile exports to the United States.
Monday, October 1st 2018 - 08:14 UTC
Daunting Brazil challenges for whoever is elected president this month

Whoever wins Brazil’s presidential election on October 7, and the runoff on October 28, will have to convince markets, implement austerity measures while trying to drag millions people out of poverty.
Saturday, September 29th 2018 - 08:46 UTC
Sir John Major to the rescue of “routine attacked” PM Theresa May

Taunts being made against Theresa May and “routine attacks” on her leadership by some Tory MPs are “completely unacceptable”, Sir John Major has said. The ex-PM called those challenging Mrs May “inexperienced”, adding that he felt “even more closely drawn” to her when he looked at the alternatives.
Friday, September 28th 2018 - 08:58 UTC
Brazilian currency strengthens below 4 to the dollar: first time in five weeks

The Brazilian currency dipped under four Real to the dollar for the first time in five weeks at close on Thursday as the markets reacted favorably to the emergence of two clear presidential election frontrunners. The Real closed at 3.99 to the US dollar just two weeks after hitting a record low of almost 4.2 to the dollar -- it's lost around 17% since the start of the year.
Friday, September 28th 2018 - 08:47 UTC
Oil majors to bid for Brazil's offshore potential despite electoral uncertainty

Oil majors are set to gather in Rio de Janeiro this Friday to unveil bids for stakes in Brazil’s high potential offshore areas ahead of elections that are casting a cloud of uncertainty over the industry.
Friday, September 28th 2018 - 08:29 UTC
UK Secretary of State for Scotland in Chile to reinforce bilateral relations

David Mundell MP, Secretary of State for Scotland is currently in Chile where he arrived on Wednesday to reinforce the existing close links between the UK and Chile, including trade, science and innovation, defense and green growth.
Friday, September 28th 2018 - 08:23 UTC
EC calls for calm as deadline for a possible UK withdrawal enters critical phase

A spokesman for the European Commission said calmness not drama was needed during the critical end phase of negotiating a withdrawal agreement between the European Union and the United Kingdom.
Friday, September 28th 2018 - 08:07 UTC
Ushuaia looking ahead to a great 2018/19 Antarctica cruise season

Ushuaia, capital of Tierra del Fuego province in the extreme south of Argentina will again be the main hub for Antarctica cruises with an estimated 284 calls involving 36 vessels, according to the provincial Tourism Institute. Overall Ushuaia will receive 375 calls, (Antarctica and non Antarctica cruises) totaling some 120.000 visitors.