Economy

• Tuesday, January 23rd 2018 - 09:08 UTC

  Chile praises Beijing for its leadership and rejecting protectionism

  

  Chile’s foreign minister welcomed Chinese representatives to a meeting with Latin American and Caribbean countries and praised Beijing for rejecting protectionism as the United States backs away from global trade.

• Tuesday, January 23rd 2018 - 07:10 UTC

  A long announced summer surprise for the Uruguayan government of Vazquez and Mujica

  

  Anywhere between 8.000 and 50.000 people are expected to convene on Tuesday to Durazno, central Uruguay, to protest and demand solutions to what is seen as an over bloated government, fiscal strangling, incompetent management of government companies and an overall dissatisfaction with the results of these policies and deaf political ears to the ongoing complaints.

• Tuesday, January 23rd 2018 - 06:42 UTC

  Macri in European tour to promote Argentina: Moscow, Davos and Paris

  

  Argentine president Mauricio Macri arrived on Monday evening to Moscow the first leg of his latest tour of European countries, and the first of 2018, with the purpose of promoting Argentina and attracting investments. In Moscow president Macri and First Lady Juliana Awada are scheduled to meet with president Vladimir Putin at the Kremlin.

• Tuesday, January 23rd 2018 - 06:27 UTC

  Jaguar Land Rover plans production cuts on Brexit uncertainty and diesel cars' taxes

  

  Jaguar Land Rover will cut production of some vehicles amid uncertainty over Brexit and changes to taxes on diesel cars. The company will scale back output of Range Rover Discovery Sport and Evoque models temporarily later this year. Last week, JLR said its global sales hit a record in 2017, but that the UK market was “tough”.

• Saturday, January 20th 2018 - 10:48 UTC

  Bipartisan efforts failed: US Government shutdown

  

  For first time since 2013, the US government is in shutdown after senators rejected a temporary spending patch. Trump accuses Democrats of taking Americans hostage with their demands.

• Saturday, January 20th 2018 - 09:26 UTC

  Argentina drastically slashes docking services to lower exports' costs

  

  Argentina has set a maximum rate paid for port docking and undocking services, the government said in its official gazette, a change the Transportation Ministry said would slash docking costs by up to 40%. The move comes as President Mauricio Macri seeks to lower the cost of exporting food from the world’s No. 3 soy and corn exporter and the leading shipper of soybean livestock feed.

• Saturday, January 20th 2018 - 09:21 UTC

  Argentina posted a primary fiscal deficit of 3.9% of GDP during 2017

  

  Argentina posted a primary fiscal deficit worth 3.9% of GDP in 2017, below its 4.2% goal and the 4.6% figure posted in 2016, Treasury Minister Nicolas Dujovne told reporters. He said the government’s 2018 target for a primary fiscal deficit remained at 3.2% of GDP, with targets of deficits worth 0.6% in the first quarter, 1.6% in the second quarter and 2.2% in the third quarter.

• Saturday, January 20th 2018 - 09:15 UTC

  Argentina's GDP expanded 2.9% in 2017, bouncing from a 2.2% retraction in 2016

  

  Argentina’s gross domestic product (GDP) expanded by 2.9% in 2017, and grew 0.7% in the fourth quarter from the third quarter, a Treasury Ministry source said on Friday, bouncing back from a 2.2% contraction the prior year.

• Friday, January 19th 2018 - 09:27 UTC

  Beijing claims economy growth picks up after seven years, but there are doubts about Chinese stats

  

  China's economy grew by 6.9% in 2017 according to official data - the first time in seven years the pace of growth has picked up. The figure beats Beijing's official annual expansion target of about 6.5% and is good news for the global economy since China's impact and the better-than-expected data is likely to cheer investors around the world.

• Friday, January 19th 2018 - 09:01 UTC

  Lula is no radical or a threat to stability: everyone won when he was president

  

  The leader of Brazil's Workers' Party, PT, argued in an interview that former president Luiz Inacio Lula da Silva is anything but radical and does not pose a threat to Brazilian financial stability. Brazilian senator Gleisi Hoffman told Bloomberg News that Lula is working on a second “letter to Brazilian people” (as he did in 2002) to reassure the markets about his commitment to fiscal responsibility.