Economy

Tuesday, June 5th 2018 - 06:56 UTC
IMF/Argentina talks “very constructive”; growth estimate falls to 1.3% from 2.5%

The International Monetary Fund said on Monday that talks with Argentine authorities for financial support are well advanced and the plan is driven by Argentina priorities with a particular focus on protecting the most vulnerable.
Monday, June 4th 2018 - 08:57 UTC
Trade deal falls warns China, if US insists with imposing more tariffs

China said on Sunday it wouldn’t step up its purchases of United States products if President Donald Trump goes ahead with his threat to tax billions of dollars’ worth of Chinese imports. White House advisers insisted on fundamental changes in ties between the world’s two biggest economic powers.
Monday, June 4th 2018 - 08:49 UTC
Colombia renews flexible credit line of US$ 11.4bn with IMF

In a continuation of a previous arrangement, the International Monetary Fund (IMF) has approved Colombia for a flexible credit line of US$ 11.4 billion. The new two-year arrangement replaces the pre-existing credit line, which has now been cancelled. Colombia will continue to see the funds as precautionary to be used only in if economic conditions worsen due to an external shock or other emergency, according to the IMF.
Monday, June 4th 2018 - 08:13 UTC
Brazilian manufacturing activity slows down for second month in May

The growth of manufacturing activity in Brazil slowed for a second straight month in May, a private survey showed on Friday, a sign that a weaker currency and political uncertainty are taking a toll on Latin America's largest economy.
Monday, June 4th 2018 - 07:45 UTC
Mercosur/EU begin new fresh round of trade talks: Geographical Indications high in the list

Mercosur and the European Union begin a fresh round of trade talks this week with renewed optimism that negotiators may be nearing an accord after almost 20 years of talks. Since trade negotiations with the United States were frozen after Donald Trump's 2016 presidential election victory, the European Union has turned its focus to other large economies and has already struck agreements with Japan and Mexico.
Monday, June 4th 2018 - 07:06 UTC
Truckers strike is estimated to have cost Brazilian agriculture some US$ 1.77 billion

The 10-day-long Brazilian striking truckers protests are winding down and companies from meatpackers to soy crushers are resuming operations. Some problems persist in some sectors and will need time to recover. Primary estimates of losses for farmers' sector could reach US$ 1.77bn
Friday, June 1st 2018 - 20:01 UTC
London tube operator interested in operating Buenos Aires underground system

British underground operator Transport for London (TfL) is keen on securing a multi-million dollar contract with Buenos Aires City to operate the city’s underground network, one of the first to be inaugurated in the world. According to a February report in The Times, TfL is one of a number of international underground transport operators to have expressed interest in the contract.
Friday, June 1st 2018 - 18:44 UTC
Falkland Islands Government publishes Budget for 2018/19

The Falkland Islands Government has set out its medium term plan for the Islands with an ambitious Budget designed to ensure that we have solid foundations for future economic, social and political development.
Friday, June 1st 2018 - 08:02 UTC
Falklands' Loligo first season squid catch, the best in the last five years

The Falkland Islands' total catch of the loligo squid, or Falklands' calamari, in the first season of 2018 was 43,085 tons, which compares very favorably to first-season catches over the last five years.
Friday, June 1st 2018 - 07:45 UTC
Global expansion in 2018/19 expected to hover near 4%, forecasts OECD

The global economy is experiencing stronger growth, driven by a rebound in trade, higher investment and buoyant job creation, and supported by very accommodative monetary policy and fiscal easing, according to the OECD’s latest Economic Outlook.