Economy

Tuesday, July 24th 2018 - 07:00 UTC
EU waters down Mercosur expectations of a trade agreement next September

Despite EU and Mercosur countries remaining committed to reaching a trade agreement, the European Commission did not endorse the South American bloc’s target to reach an agreement by September, as substantial gaps remain between the two sides.
Tuesday, July 24th 2018 - 06:35 UTC
Some eight million of UK “just managing families” no better off than in 2003

Millions of “just about managing” families are no better off today than those in 2003, new research from the UK's Resolution Foundation indicates. The remarkable income stagnation for so many reveals that the British economy has been failing to generate income for people over many years despite record levels of people in work.
Tuesday, July 24th 2018 - 06:21 UTC
Foreign secretary pleads for more EU flexibility in Brexit talks: fears of a “no deal by accident”

A no-deal Brexit would damage British relations with Europe for a generation, Jeremy Hunt warned as he pleaded for Brussels to show more flexibility in negotiations. The Foreign Secretary used a visit to Berlin to say that while a failure to achieve a Brexit deal would be “challenging” for the UK, it would “thrive” in the long term.
Tuesday, July 24th 2018 - 06:10 UTC
Argentine natural gas for Chile beginning next October

Argentina will begin exporting natural gas to Chile from October, the Argentine Energy Ministry said on Friday, following a meeting between the governments of both countries.
Tuesday, July 24th 2018 - 05:11 UTC
Over 1.500 companies were operating in Argentina's mining sector in 2016

Argentina last polled its mining sector a decade ago but this month some results from a census carried out in 2016 were made public. The Indec document available online says that over 1,500 mining companies were operating in Argentina in 2016. Their extractive activities generated US$ 1,329 million while their processing activities generated US$ 2,386 million.
Monday, July 23rd 2018 - 07:29 UTC
G20 ministers warn trade tensions risk derailing global growth and call for greater dialogue

Finance ministers and central bankers from the world’s largest economies said on Sunday that heightened trade and geopolitical tensions risk derailing global growth and called for greater dialogue, according to the final communique of a G20 meeting.
Monday, July 23rd 2018 - 07:15 UTC
Top grades for Macri and his reform policies from IMF's Lagarde

Christine Lagarde, Managing Director of the International Monetary Fund, met with Argentina’s President Mauricio Macri, Finance Minister Nicolas Dujovne and Central Bank Governor Luis Caputo in the context of the Group of 20 Finance Ministers and Central Bank Governors meeting in Buenos Aires over the weekend.
Monday, July 23rd 2018 - 06:53 UTC
Mexico and Canada optimistic about NAFTA trade talks with the US

The finance ministers for Mexico and Canada on Sunday said they were optimistic about NAFTA talks with the United States, even as trade tensions spurred by U.S. tariffs dominated the G20 meeting of world economic leaders in Argentina.
Monday, July 23rd 2018 - 06:48 UTC
US Treasury Secretary denies any chance or a currency war

United States Treasury Secretary Steven Mnuchin said there’s no chance of a currency war erupting. When asked whether investors should be concerned about the prospects of one, he said “no,” declining to elaborate during a press conference in Buenos Aires on Sunday.
Monday, July 23rd 2018 - 06:23 UTC
UK expects to reach a Brexit deal with EU by October, but is also preparing for a “no-deal” scenario

A deal with the EU can be reached by October but the UK is preparing for the possibility of no deal, Brexit Secretary Dominic Raab has said. Raab is expected on Thursday in Brussels for further talks and pledged to strain “every sinew” to get “the best deal”. But, the government had plans in place in case talks did not end well, he admitted in an interview with BBC.