Economy

Wednesday, August 29th 2018 - 07:37 UTC
Falklands appoints Ramboll UK Ltd as professional services framework contractor

In June 2018, the Falkland Islands Government issued an invitation to tender for a single supplier professional services framework contract. The framework will assist delivery of the Government’s capital investment programme, which includes developing the sixth phase of Sapper Hill, new port facilities, upgrades to the MPA terminal and improvements to Stanley Airport.
Tuesday, August 28th 2018 - 09:02 UTC
Argentine economy expected to contract 1% this year and rebound 1.5% in 2019

Argentina’s economy is expected to contract 1% in 2018, but grow by at least 1.5% next year, Minister Nicolas Dujovne told reporters on Monday. Dujovne said the government was maintaining its fiscal deficit target of 2.7% of GDP for full-year 2018. The government also expects a current account deficit of 3% of GDP in 2019, he said.
Tuesday, August 28th 2018 - 07:14 UTC
US has offered to collaborate with the Argentine investigation of “K corruption notebooks”

According to Buenos Aires daily Clarin, United States authorities have offered to collaborate with Argentine President Mauricio Macri’s government in the ongoing “K notebook scandal” by providing confidential information on a number of US bank accounts used to hold alleged Kirchner bribe money.
Monday, August 27th 2018 - 08:36 UTC
A no-deal Brexit poses an “existential threat” for the UK, says ex head of the European Council

A no-deal Brexit could lead to the break-up of the UK, the ex-president of the European Council has warned. Herman Van Rompuy told The Observer leaving the EU without a deal posed an “existential threat” to the UK. He added a no-deal scenario would have a “big impact” on “regions such as Scotland”.
Monday, August 27th 2018 - 06:58 UTC
Auto industry, beef and sugar, remain hurdles for a Mercosur/EU deal

Negotiators of a free trade deal between the European Union and Mercosur want to wrap up by September, but differences over beef, sugar and the auto industry could dash those hopes, Brazilian foreign minister Aloysio Nunes said. Issues over intellectual property, rules of origin and marine shipping services also need to be nailed down, Nunes said in an interview.
Sunday, August 26th 2018 - 18:59 UTC
A no-deal Brexit would be catastrophic; “Conservatives playing Russian roulette with the economy”

A furious reaction to the first batch of no-deal Brexit preparation papers has come in from across the UK. The documents have shown up the UK’s no-deal plans as a bluff that was “fooling no-one”, said Welsh First Minister Carwyn Jones. “The writing is on the wall,” he said.
Sunday, August 26th 2018 - 18:14 UTC
Argentina and Brazil agree to merge car production regulations

Argentine and Brazilian representatives on Friday signed a memorandum of understanding to begin merging vehicle production regulations of both countries.
Sunday, August 26th 2018 - 04:35 UTC
Argentina's Peso falls 1.42% on Friday, despite a weaker dollar following Fed's Powell speech

Argentina’s peso currency fell 1.42% to a record low close of 30.92 per dollar on Friday, weighed down by an economy slipping into recession, high inflation and uncertainty driven by corruption investigations.
Sunday, August 26th 2018 - 02:35 UTC
Macri blames the lack of infrastructure to rampant corruption under the Kirchners

Argentine president Mauricio Macri linked the poor state of the country's infrastructure to the so called “K corruption notebooks”, but also praised that truth is coming to light and in just two years Argentina's standing in the Transparency rating had gone from position 54 to 17.
Sunday, August 26th 2018 - 01:26 UTC
Central banks reviewing “phasing out cash” because of IT failures, hacking and alienation

Europe’s central bankers are warning that a gradual phase-out of cash in many countries poses a serious threat to the financial system, as relying too heavily on digital payment systems exposes them to catastrophic failures in the event of cyber attacks.