Economy

Thursday, May 24th 2018 - 08:44 UTC
Dollar/Peso challenge: Argentina offers to swap one-month Lebacs for long term papers

Argentina’s central bank moved on Wednesday to improve its debt profile by offering to swap some of its one-month Lebac securities for paper of longer duration, the bank said in a statement.
Thursday, May 24th 2018 - 07:55 UTC
Boris Johnson highlights Chile as one of the great global countries for free trade

British Foreign Secretary highlighted the close political links with Chile and commercial opportunities for UK companies during his brief visit to the country, as part of a more ambitious tour of other South American countries, Peru and Argentina.
Thursday, May 24th 2018 - 07:32 UTC
China expected to import record volumes of US oil and soy, to help ease trade tensions with the US

China will import record volumes of U.S. oil and is likely to ship more U.S. soy after Beijing signaled to state-run refiners and grains purchasers they should buy more to help ease tensions between the two top economies, trade sources said on Wednesday.
Thursday, May 24th 2018 - 07:20 UTC
Brazil lowers diesel prices 10%, but truckers' strike continues threatening grain exports

Petrobras on Wednesday temporarily cut diesel prices by 10% in order to help the Brazilian government and truck drivers resolve a protest crippling highways.
Thursday, May 24th 2018 - 07:12 UTC
May Fed minutes suggest a rate hike would soon be appropriate; next meeting in mid-June

Federal Reserve officials earlier this month suggested that another rate hike was on the way soon, while also noting several risks facing the economy, ranging from rising wage pressures to potential harm from the Trump administration's trade policies.
Thursday, May 24th 2018 - 06:31 UTC
Boris Johnson interested in a trade agreement with Chile and the Pacific Alliance

Foreign Secretary Boris Johnson concluded a five-day charm offensive in South America on Wednesday by expressing interest in a trade agreement with Chile and other countries in the so-called Pacific Alliance. Johnson extended a trip to a G20 foreign ministers’ meeting in Buenos Aires to include a tour of Peru, Argentina and Chile, seeking closer ties with all three countries.
Wednesday, May 23rd 2018 - 20:25 UTC
Falkland Islands second air link announcement expected after June 13th

The Falkland Islands government announced on Wednesday it has received an evaluation report regarding a second weekly air link to the Falklands, from specialist consulting Aviation Economics, and will be briefing the Executive Council at their 13 June meeting, and recommending a response to the proposed options.
Wednesday, May 23rd 2018 - 08:24 UTC
In controversial vote US Congress rollbacks 2010 banking regulations

United States lawmakers passed Tuesday the first major rollback of banking regulations enacted after the financial crisis that were aimed at protecting taxpayers from fresh economic trauma and new bank bailouts.
Wednesday, May 23rd 2018 - 06:16 UTC
(Brexit) UK and Argentina on the same intelligent reinsertion to the global community

Foreign Secretary Boris Johnson forecasted a “new, exciting phase” in Anglo-Argentine relations as he wrapped up his visit to Buenos Aires. Johnson visited Argentina to attend the G20 Foreign Ministers summit. His visit was the first by a British Foreign Secretary in over 20 years.
Tuesday, May 22nd 2018 - 07:36 UTC
Trucks loaded with soybeans block main highways in Brazil to protest fuel prices

Brazil lorry drivers blocked major roadways around the capital of the country's largest grain state to protest increases in domestic fuel prices, affecting highways in 18 states, the federal highway police said on Monday.