Economy

Thursday, October 18th 2018 - 08:24 UTC
Despite grumblings, US refrains from labeling China a “currency manipulator”

United States has refrained from labeling China a “currency manipulator” in a move which may help defuse escalating tension over trade between the two countries. President Trump has previously accused China of keeping its currency weak to make its exports more competitive.
Thursday, October 18th 2018 - 07:36 UTC
Argentina with a record 6.5% inflation in September, and 40.5% in twelve months

Argentina says that consumer prices rose 6.5% in September bringing the twelve month inflation rate to 40.5%, one of the world's highest. The inflation rate published by the official statistics agency Indec, on Wednesday follows a sharp devaluation of Argentina's currency. The nine month rate reached 32.4%.
Wednesday, October 17th 2018 - 17:56 UTC
Uruguay's wind energy revolution highlighted in leading yearly report

Uruguay ranks second in the world among eolic-energy producing countries with a 40.1% share and is the only non-European nation in a top position, according to a report by the SEG Ingeniería consultancy firm.
Wednesday, October 17th 2018 - 09:16 UTC
Argentine industrial activity contracts 4.1% in August year-to-year

Industrial activity in Argentina dropped 4.1% in August compared to a year ago, completing a 0.8% contraction so far this year, according to a survey by the country's Industrial Union, UIA. However compared to last July industrial production was up 0.7%.
Wednesday, October 17th 2018 - 08:52 UTC
Another headache for the EU: Italy and its populist budget

Italy's government on Tuesday pushed the country closer to a showdown with the European Union after submitting its latest budget for review. The budget proposes increases both Italy's overall government debt and its deficit in the short run pushing the deficit as high as 2.4% of GDP over the coming years. This means Italy will fall foul of a previously mandated maximum deficit level of 0.8% of GDP.
Wednesday, October 17th 2018 - 08:34 UTC
Ireland is getting Brexit-ready and has earmarked funds in next year's budget

Ireland is stepping up preparations for physical infrastructure at ports and airports after Brexit, premier Leo Varadkar said. Irish ministers held detailed discussions in Dublin on Tuesday surrounding the hiring of customs officers and veterinary inspectors as well as the upgrading of IT systems.
Wednesday, October 17th 2018 - 08:24 UTC
Jamaican economist will oversee Argentina's compliance of IMF accord

The International Monetary Fund has announced that Jamaican economist Trevor Alleyne will be the institution's representative in Argentina, after confirming it had decided to reopen an office in Buenos Aires, six years after leaving. The decision comes after Buenos Aires reached a deal with the IMF on the money supply, interest rates and an exchange rate framework.
Wednesday, October 17th 2018 - 01:24 UTC
US dollar falls for seventh time in a row against Argentine peso, but inflation still among five worst

The US dollar fell Tuesday yet again, making it the seventh straight time the peso manages to recover due to the government's “cash-drought” measures. But that did not change the fact that According to the International Monetary Fund’s latest report, Argentina will have the fifth highest inflation rate in the world, which is expected to reach 41.5 by the end of the year..
Tuesday, October 16th 2018 - 19:13 UTC
Crash course for first-time passengers to overcome aviophobia helps AR increase sales

The “Animate a volar” programme, offered at no cost by Aerolineas Argentinas to people who suffer from aviophobia (flight fear) is one of the keys to the company's increase in ticket sales in the first three quarters of 2018, it was announced.
Tuesday, October 16th 2018 - 17:56 UTC
Latam to start serving Tel Aviv nonstop from Sao Paulo

A new Latam airlines flight originating in Santiago with a stop in Sao Paulo and nonstop to Tel Aviv thereafter has been announced to start operating December 13.