Economy

Tuesday, July 24th 2018 - 05:11 UTC
Over 1.500 companies were operating in Argentina's mining sector in 2016

Argentina last polled its mining sector a decade ago but this month some results from a census carried out in 2016 were made public. The Indec document available online says that over 1,500 mining companies were operating in Argentina in 2016. Their extractive activities generated US$ 1,329 million while their processing activities generated US$ 2,386 million.
Monday, July 23rd 2018 - 07:29 UTC
G20 ministers warn trade tensions risk derailing global growth and call for greater dialogue

Finance ministers and central bankers from the world’s largest economies said on Sunday that heightened trade and geopolitical tensions risk derailing global growth and called for greater dialogue, according to the final communique of a G20 meeting.
Monday, July 23rd 2018 - 07:15 UTC
Top grades for Macri and his reform policies from IMF's Lagarde

Christine Lagarde, Managing Director of the International Monetary Fund, met with Argentina’s President Mauricio Macri, Finance Minister Nicolas Dujovne and Central Bank Governor Luis Caputo in the context of the Group of 20 Finance Ministers and Central Bank Governors meeting in Buenos Aires over the weekend.
Monday, July 23rd 2018 - 06:53 UTC
Mexico and Canada optimistic about NAFTA trade talks with the US

The finance ministers for Mexico and Canada on Sunday said they were optimistic about NAFTA talks with the United States, even as trade tensions spurred by U.S. tariffs dominated the G20 meeting of world economic leaders in Argentina.
Monday, July 23rd 2018 - 06:48 UTC
US Treasury Secretary denies any chance or a currency war

United States Treasury Secretary Steven Mnuchin said there’s no chance of a currency war erupting. When asked whether investors should be concerned about the prospects of one, he said “no,” declining to elaborate during a press conference in Buenos Aires on Sunday.
Monday, July 23rd 2018 - 06:23 UTC
UK expects to reach a Brexit deal with EU by October, but is also preparing for a “no-deal” scenario

A deal with the EU can be reached by October but the UK is preparing for the possibility of no deal, Brexit Secretary Dominic Raab has said. Raab is expected on Thursday in Brussels for further talks and pledged to strain “every sinew” to get “the best deal”. But, the government had plans in place in case talks did not end well, he admitted in an interview with BBC.
Monday, July 23rd 2018 - 05:58 UTC
Hammond in Argentina iterates Falklands self determination and calls on Macri to address inflation and labor reform

The UK Government position is unchanged: only the Falkland Islanders have the right to determine their own political and economic future, stated Phillip Hammond in Buenos Aires where he attended a two-day G20 ministers meeting.
Saturday, July 21st 2018 - 08:42 UTC
Brazil big businesses have a presidential ticket: ex Sao Paulo governor and CEO of largest textile group

Business-friendly Brazilian presidential candidate Geraldo Alckmin got the strongest boost yet to his campaign after a centrist coalition agreed to back him and chose their potential vice-presidential pick.
Saturday, July 21st 2018 - 08:29 UTC
Trump prepared to slap tariffs con all Chinese goods imported to United States

President Donald Trump has indicated that he is willing to slap tariffs on every Chinese goods imported to the U.S. should the need arise.“I'm ready to go to 500,” the president told CNBC's Joe Kernen in a “Squawk Box” interview aired Friday.
Saturday, July 21st 2018 - 08:20 UTC
EC warns 27 members to prepare for “significant disruptions” after Brexit

The European Commission has issued a warning to governments, businesses and citizens in the 27 remaining EU states to prepare for “significant disruption” as a result of Brexit.