Economy

• Saturday, October 6th 2018 - 09:00 UTC

  Tokyo's traditional Tsukiji fish market closes down this Saturday

  

  After years of delays Tokyo’s 83-year-old Tsukiji fish market is closing on Saturday to move to a more modern facility on reclaimed industrial land in Tokyo Bay. The new, US$ 5 billion facility at Toyosu will open Oct. 11, over the objections of many working in Tsukiji who contend the new site is contaminated, inconvenient and unsafe.

• Friday, October 5th 2018 - 09:03 UTC

  Industrial activity in Argentina down 5.6% in August and 0.8% in last 12 months

  

  August data for industry was only a slightly better figure than the previous month – in July, a decline of minus 5.7% was witnessed. In June, the sharpest, most pronounced fall of the year was witnessed: 8.1%, year-on-year.

• Friday, October 5th 2018 - 08:36 UTC

  Argentine Peso slips on Thursday on prospects of higher US interest rates

  

  Argentina’s Peso fell on Thursday, pressured by the recession-hit country’s dismal inflation outlook and higher U.S. interest rates that have pushed capital away from riskier emerging markets and toward the greenback, local traders said. The peso shed 1.85% to close at 38.4 per dollar after having gained 9.58% over the previous three days under a freshly-renegotiated International Monetary Fund financing deal that calls for tougher fiscal and monetary policy measures.

• Friday, October 5th 2018 - 06:41 UTC

  Falklands' offshore license relinquished by Noble Energy and Edison

  

  Oil companies Noble Energy and Edison have decided to relinquish their stakes in the PL001 offshore license in the Falkland Islands according to Offshore Energy Today. Argos Resources had held a 100% in the PL001 block before the two companies’ farm-in back in 2015. Argos’ shares fell 30% following the announcement.

• Friday, October 5th 2018 - 03:22 UTC

  Emir of Qatar in Bs.Aires to meet with Macri over Vaca Muerta

  

  The emir of Qatar, Sheikh Tamim Bin Hamad Al Thani, arrived Thursday evening in Argentina to meet with President Mauricio Macri on Friday to discuss oil investments in Vaca Muerta and other bilateral issues.

• Thursday, October 4th 2018 - 18:16 UTC

  Argentina makes solar heaters available in 25 zero-interest payments

  

  As a part of Argentina's Energy Saving Program, the Banco de la Nacion Argentina announced a plan of 25 zero-interest payments to purchase solar water heaters through specific participating credit cards for home use.

• Thursday, October 4th 2018 - 08:43 UTC

  Brazilian markets soar on prospects of a Bolsonaro victory next Sunday

  

  Brazilian markets soared for a second day on Wednesday on an opinion poll confirming right-wing presidential candidate Jair Bolsonaro was gaining steam ahead of Sunday’s vote and was on track to beat his likely leftist rival in a second-round runoff.

• Thursday, October 4th 2018 - 08:24 UTC

  Argentine Peso strengthens for third day running supported by high interest rate for short term debt

  

  Argentina’s peso rallied for a third straight day on Wednesday, after high-interest short-term debt issued by the central bank soaked up liquidity, a strategy that has raised concern about the sustainability of the country’s program.

• Thursday, October 4th 2018 - 08:23 UTC

  Juncker insists the EU wants a deal with the UK, despite all the bitter exchanges

  

  European Commission president Jean-Claude Juncker has issued a fresh warning to Theresa May that there must be agreement on the Irish border if she wants a Brexit deal.

• Thursday, October 4th 2018 - 07:55 UTC

  Spain's Supreme Court confirms jail term for ex IMF chief Rodrigo Rato

  

  Spain’s Supreme Court has confirmed a four-and-a-half year prison sentence for former International Monetary Fund head Rodrigo Rato for misusing a Spanish bank’s corporate credit card.