Economy

• Wednesday, July 4th 2018 - 08:43 UTC

  UK government to publish details of the fishing industry after Brexit

  

  The UK government is to publish details of how it wants to manage the fishing industry after Brexit. Ministers promised the UK would “take back control of our waters” when it leaves the EU's Common Fisheries Policy.

• Wednesday, July 4th 2018 - 08:29 UTC

  Bolivia invites India to develop lithium reserves, essential for electric vehicles and smart phones

  

  Bolivia, known to have the largest reserves of lithium, has offered the metal –used in making batteries of electric vehicles, laptops and smart phones– to India. Ambassador to India, Sergio Dario Arispe Barrientos, said Bolivia has the largest deposit of Lithium and India could explore this opportunity.

• Wednesday, July 4th 2018 - 08:13 UTC

  Argentina reveals financial needs; stock market and the Peso rebound

  

  Argentina will need to raise a net US$ 8 billion in the domestic debt market in 2019 to meet financing needs that include a US$ 7.4 billion primary deficit and US$ 25 billion in debt principal and interest payments, according to a Treasury Ministry document.

• Tuesday, July 3rd 2018 - 08:27 UTC

  EU/US auto industry dispute intensifies and prepares for worst case scenario

  

  European Union on Monday slammed the Trump administration for considering tariffs on auto imports, saying they could lead to global retaliation against some US$ 300 billion in U.S. goods amid signs of a brewing trade war.

• Tuesday, July 3rd 2018 - 08:08 UTC

  Shrimp landings in Argentine reach 68.000 tons

  

  Shrimp (Pleoticus muelleri) landings in Argentina accumulated during the first half of this year are somewhat lower than those for the same period last year. According to the preliminary figures, up to 21 June, released by the Argentine Under-Secretariat of Fisheries, 68,081 tons had been unloaded, compared to about 87,400 tons landed between January and June 2017, which was a record year.

• Tuesday, July 3rd 2018 - 07:51 UTC

  British Chamber of Commerce says firms running out of patience with Brexit talks

  

  Firms are running out of patience over the lack of progress in the Brexit talks, a major business organization has warned Theresa May. The British Chambers of Commerce has published a list of 23 “real-world” questions that it says urgently need answers as the UK's EU exit approaches.

• Tuesday, July 3rd 2018 - 07:33 UTC

  Argentina hikes bank reserves; Peso gains 1.9% vs the dollar and settles at 28.3

  

  Argentina's central bank said on Monday that it hiked bank reserve requirements by 3 percentage points, following a hike of three percentage points on June 18 as monetary policymakers seek to calm inflation and end a run on the peso currency. The Peso gained 1.9% on Monday against the dollar.

• Tuesday, July 3rd 2018 - 07:26 UTC

  Argentina plans to free fuel prices starting in August

  

  Argentina will allow fuel retailers to freely set pump prices starting in August, according to an Energy Ministry official familiar with the plan, a move that could encourage badly needed investment in the nation's oil patch but risks worsening sky-high inflation and angering consumers.

• Tuesday, July 3rd 2018 - 07:13 UTC

  Mexican peso weakens and stock market sheds 2% after Lopez Obrador sweeping Sunday victory

  

  Mexico's stock market sank on Monday and the peso slid after presidential candidate Andres Manuel Lopez Obrador handily won election while his allies picked up a significant number of congressional seats. Mexico's benchmark stock index shed more than 2%, its steepest one-day drop in nearly five months, after Lopez Obrador on Sunday won with the widest margin in a presidential election since the 1980s

• Monday, July 2nd 2018 - 20:47 UTC

  Tension for the Brexit: Theresa May will meet with Angela Merkel and leaders of the EU

  

  The British Prime Minister, Theresa May, will visit Berlin and the Netherlands in the coming days to meet with the German Chancellor Angela Merkel and Dutch authorities before assembling her government to finally decide what commercial relationship her country wants with the European Union (EU) in the future, commented her spokesman on Monday.