Economy

Monday, April 2nd 2018 - 08:50 UTC
China preparing to begin paying for imported oil with the Yuan

China is taking its first steps towards paying for imported crude oil in Yuan instead of the U.S. dollar, according to Reuters, a key development in Beijing's efforts to establish its currency internationally.
Monday, April 2nd 2018 - 08:45 UTC
Barclays agrees to pay US$ 2bn to settle lawsuit for “misleading investors”

Barclays has agreed to pay US$2bn to settle a lawsuit brought by the US government over the sale of mortgage-backed securities. The US alleged that the bank had misled investors about the quality of loans backing the securities in the run-up to the financial crisis.
Monday, April 2nd 2018 - 08:39 UTC
Trade war: China slaps higher tariffs on US pork, wine and certain fruits

China has slapped extra tariffs of up to 25% on 128 U.S. products including frozen pork, as well as on wine and certain fruits and nuts, in response to U.S. duties on imports of aluminum and steel, China’s finance ministry said. The tariffs, to take effect on Monday, were released late on Sunday and matches a list of potential tariffs on up to US$3 billion in U.S. goods published by China on March 23.
Monday, April 2nd 2018 - 06:01 UTC
Brazil Finance minister Meirelles expected to announce this week his presidential bid

Brazil's Finance Minister, Henrique Meirelles, will step down from the government this week and join the ranks of the ruling Brazilian Democratic Movement Party, senior government officials said. The news of Meirelles' move was broken by the government's chief of staff, Eliseu Padilha.
Monday, April 2nd 2018 - 05:28 UTC
The Economist: Mauricio Macri fights Argentina’s tradition of handouts for votes

Just off Leonardo da Vinci Avenue, a long street of modest shops and foul-smelling gutters in the district of La Matanza outside Buenos Aires, stands La Juanita, a co-operative. Founded by unemployed workers in 2001, it occupies a former school.
Sunday, April 1st 2018 - 19:12 UTC
Trump doesn't care about Latin America, Lula tells Correa

Former Brazil's President Luiz Inacio Lula Da Silva, better or simply known as Lula, said Donald Trump “doesn't care about Latin America in the least and added that ”Bush and Condoleezza Rice pursued a much more democratic policy towards Brazil than Barack Obama and Hillary Clinton.” In his view, Obama could give magnificent speeches, but never actually delivered.
Sunday, April 1st 2018 - 09:45 UTC
Argentina welcomes 2018 WTTC Global Summit

The World Travel & Tourism Council (WTTC)’s 2018 Global Summit will take place in Buenos Aires, Argentina on 18-19 April.Industry leaders from public and private sector will discuss the theme of ‘Our People, Our World, Our Future’, debating how the sector is placed to create sustainable jobs in a future of transformational technology, increasing environmental pressures, and in a world where security concerns are paramount.
Saturday, March 31st 2018 - 21:23 UTC
Retail sales shift in Chile as revenues from articles attractive to Argentines drop

Traditional items keep the retail business going in Santiago's Metropolitan area as sales of articles such as computers, TVs, clothing and sportswear go down as a consequence of a smaller flow of Argentine tourists this past Summer of 2018.
Friday, March 30th 2018 - 07:04 UTC
The Economist: Uruguay less dependent on Argentina, Brazil

The British publication The Economist praised Uruguay's progress and underlined its decreasing dependency from giant neighbours Brazil and Argentina.
Friday, March 30th 2018 - 03:08 UTC
Odebrecht finds legal loophole to sue Argentine water supplier AySA

The Brazilian firm Odebrecht, under investigation in 12 countries for bribing government officials, has found a loophole in Argentina's legal system to sue state-owned water supplier AySA.