Economy

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.
Tuesday, October 16th 2018 - 08:38 UTC
Paulo Guedes the ultra-liberal economic advisor of an ultra-populist nationalist

After getting out of its most severe recession in history in 2017, Brazil remains in a state of economic malaise, notching up a mere 1% of growth last year, with public debt forecast to snowball from 77% of GDP to 140% by 2030, according to the World Bank.
Tuesday, October 16th 2018 - 08:23 UTC
US warns Central America to be cautious about relations with Beijing

US Vice President Mike Pence warned Central American nations to be cautious when building relations with China, which has been increasingly active in the region. Amid mounting tensions between the United States and China, Pence brought up ties with Beijing as he met in Washington with leaders of El Salvador, Guatemala and Honduras as well as Mexico's foreign secretary.
Tuesday, October 16th 2018 - 06:52 UTC
Paul Allen, co-founder of Microsoft has died aged 65

Paul Allen, who co-founded Microsoft, has died aged 65 from complications of non-Hodgkin's lymphoma. He had revealed the disease's return only two weeks ago, after previously being treated for it in 2009. Allen had said he and his doctors were “optimistic” about treatment.
Monday, October 15th 2018 - 19:16 UTC
New 50 bolivianos bill released as scheduled

Bolivia's Central Bank (BCB) Monday launched the new 50 bolivianos note (worth around 7.3 US dollars), following the recent release of the 10 and 20 bills.
Monday, October 15th 2018 - 08:04 UTC
UK economic low growth anticipated for next three years, with or without a Brexit no deal

United Kingdom can expect low economic growth for the next three years, while a no-deal Brexit could dent growth even further, says a forecasting body. The EY Item Club predicted GDP growth of 1.3% this year and 1.5% in 2019, down from 1.4% and 1.6% respectively in its previous outlook three months ago.
Monday, October 15th 2018 - 08:00 UTC
The £50 note will survive in a plastic redesign, announced the Bank of England

The £50 note will not be scrapped and will instead get a plastic redesign, the Bank of England has said. Fears that the largest denomination was widely used by criminals and rarely for ordinary purchases had prompted a proposal to abolish it. But ministers said the new version, to be printed in the UK, would be more durable, secure and harder to forge.