Economy

Monday, June 4th 2018 - 07:06 UTC
Truckers strike is estimated to have cost Brazilian agriculture some US$ 1.77 billion

The 10-day-long Brazilian striking truckers protests are winding down and companies from meatpackers to soy crushers are resuming operations. Some problems persist in some sectors and will need time to recover. Primary estimates of losses for farmers' sector could reach US$ 1.77bn
Friday, June 1st 2018 - 20:01 UTC
London tube operator interested in operating Buenos Aires underground system

British underground operator Transport for London (TfL) is keen on securing a multi-million dollar contract with Buenos Aires City to operate the city’s underground network, one of the first to be inaugurated in the world. According to a February report in The Times, TfL is one of a number of international underground transport operators to have expressed interest in the contract.
Friday, June 1st 2018 - 18:44 UTC
Falkland Islands Government publishes Budget for 2018/19

The Falkland Islands Government has set out its medium term plan for the Islands with an ambitious Budget designed to ensure that we have solid foundations for future economic, social and political development.
Friday, June 1st 2018 - 08:02 UTC
Falklands' Loligo first season squid catch, the best in the last five years

The Falkland Islands' total catch of the loligo squid, or Falklands' calamari, in the first season of 2018 was 43,085 tons, which compares very favorably to first-season catches over the last five years.
Friday, June 1st 2018 - 07:45 UTC
Global expansion in 2018/19 expected to hover near 4%, forecasts OECD

The global economy is experiencing stronger growth, driven by a rebound in trade, higher investment and buoyant job creation, and supported by very accommodative monetary policy and fiscal easing, according to the OECD’s latest Economic Outlook.
Friday, June 1st 2018 - 07:35 UTC
Guyana on the global energy map: oil production expected to reach 600.000bpd

The Norwegian oil and gas research firm Rystad Energy is predicting that Guyana's oil sector could generate annual revenue of US$15 billion and that the government would pocket most of the profit generated from the explorations.
Thursday, May 31st 2018 - 09:01 UTC
Argentine Senate votes 37 to 30 to freeze utility rates; Macri expected to veto the bill

Following twelve hours of heated and at time acrimonious debate the Argentine Senate on early Thursday voted, 37 to 30, to freeze utility prices. President Mauricio Macri had anticipated that if the bill was passed he would veto it because there is no way the budget can stand an additional 1% of GDP deficit.
Thursday, May 31st 2018 - 08:36 UTC
EU pledges more funds to combat populism and migrant crisis

The European Union has proposed spending more on Italy and other member countries hit by the economic and migrant crises, but less on increasingly wealthy eastern states like Poland. The European Commission, the bloc's executive arm, proposed the regional shift in the “cohesion” portion of the post-2020 multi-year budget as Italy faces political chaos.
Thursday, May 31st 2018 - 08:12 UTC
Fed proposes simplifying trading rules for foreign banks and funds

Foreign banks and funds are set to benefit from a move by U.S. regulators to simplify a trading rule that foreign banks and regulators say has inadvertently complicated firms operating as far afield as Europe and Asia. The Federal Reserve, alongside other U.S. regulators, on Wednesday proposed rewriting the “Volcker Rule” introduced following the 2007-2009 financial crisis in a bid to simplify the regulation and make it easier for banks to comply.
Thursday, May 31st 2018 - 07:40 UTC
Deal to compensate one of the world's most indebted oil company

Petrobras and Brazil’s government are “very close” to resolving a long-running dispute over an oil-rich offshore area, a deputy minister said, dismissing concerns a fuel pricing crisis had emerged as an obstacle in talks.