Economy

Saturday, August 4th 2018 - 12:35 UTC
Argentina's industrial output was down 8.1% in the twelve months to June

Argentina’s industrial output plunged 8.1% in June compared with the same month last year, government statistics agency Indec said, the sharpest monthly drop since the country was in the grips of an economic meltdown in 2002.
Saturday, August 4th 2018 - 12:25 UTC
Ex Finance minister Meirelles joins the Brazilian presidential race

Henrique Meirelles, a former finance minister in unpopular President Michel Temer's government, joined Brazil's presidential race on Thursday, promising market reforms to rebuild the battered economy.
Saturday, August 4th 2018 - 12:04 UTC
The possibility of a “no deal Brexit is uncomfortably high”, wars Carney

Bank of England Governor Mark Carney said on Friday Britain faces an “uncomfortably high” risk of leaving the European Union with no deal, comments that drove sterling to an 11-day low against the dollar.
Saturday, August 4th 2018 - 11:54 UTC
Trade war: “China's countermeasures are rational”, argues Beijing

China’s state media said on Saturday the government’s retaliatory tariffs on US$60 billion in U.S. goods showed rational restraint, although in an opinion piece it still admonished the United States for blackmail and bullyboy tactics.
Saturday, August 4th 2018 - 11:41 UTC
Petrobras profits soar thirty fold in the second quarter helped by rising oil prices

Brazil’s Petrobras benefited from the rising oil prices and booked a thirty-fold yearly jump in its second-quarter net income, which also beat analyst expectations.
Friday, August 3rd 2018 - 10:03 UTC
Gibraltar has detailed contingency plans for all levels of Brexit

The Government of Gibraltar has, since 2016, been preparing for all possible outcomes in relation to the departure of the United Kingdom and Gibraltar from the European Union. This is a perfectly sensible thing to do in view of the ongoing UK/EU discussions and the preparations for all eventualities announced by both sides.
Friday, August 3rd 2018 - 09:44 UTC
Apple becomes the first company to hit a market cap of US$ 1 trillion

Apple hit a market cap of US$1 trillion on Thursday — and hung onto the record valuation at market close — as the iPhone maker became the first publicly traded U.S. company to reach US$1 trillion.
Friday, August 3rd 2018 - 09:32 UTC
Brazil central bank keeps interest rates at an all-time low

Brazil's central bank kept interest rates at an all-time low on Wednesday and downplayed a recent spike in inflation, suggesting no rate hikes in the immediate future. The effect of a nationwide truckers' strike on prices is likely to fade but will probably further slow a recovery in Latin America's top economy, the bank said, underscoring the outsized impact of the late-May protests.
Friday, August 3rd 2018 - 07:48 UTC
Falklands contrasting opinions on the Sao Paulo air link consequences

The Falkland Islands government preferred choice for a second commercial flight to the South American continent has met with contrasting opinions as to the practical and potential future consequences of the Sao Paulo destination.This was clearly expressed in the Letters chapter of the Penguin News. One of them comes from the FI Chamber of Commerce, and the second from the main importer of fresh produce to the Islands.
Friday, August 3rd 2018 - 07:24 UTC
Falklands: Sao Paulo as second commercial flight draws strong local response

The Falkland Island Government’s announcement of their preferred option for a second commercial flight between the Falklands and South America has been met with both applause and outrage, reports the latest edition of the Islands' weekly, Penguin News.