Economy

Thursday, April 12th 2018 - 08:59 UTC
Argentina central bank keeps benchmark interest rate at 27.75%

Argentina’s central bank held its benchmark interest rate at 27.25% this week, the monetary authority said in a statement, noting that high-frequency indicators suggested core inflation would remain high in April, but below March’s levels.
Thursday, April 12th 2018 - 08:56 UTC
Moody's raises Brazil's sovereign rating from negative to stable

Credit rating agency Moody's this week raised the outlook of Brazil's sovereign rating from negative to stable.
Thursday, April 12th 2018 - 08:42 UTC
Global shipping industry discussing in London a cap to emissions

Countries are meeting in an attempt to agree cuts to greenhouse gases from the global shipping industry, amid pressure on the sector to help tackle climate change. Shipping, like aviation, is not directly included in the Paris Agreement, the international deal on global warming which was secured in the French capital in 2015 and commits countries to avoiding “dangerous” climate change.
Thursday, April 12th 2018 - 07:32 UTC
UK Chief Secretary in Brazil to build relationships and promote investments

UK Chief Secretary Elizabeth Truss is this week visiting Brasilia and Sao Paulo for bilateral meetings with authorities and will follow-up on the second UK-Brazil Economic and Financial Dialogue (EFD), particularly on infrastructure. Latest figures show that bilateral trade between UK and Brazil is worth £5.4 billion a year.
Thursday, April 12th 2018 - 07:28 UTC
Brazil confirms austerity policy with the new team economic team

Brazilian President Michel Temer has officially nominated eleven new ministers, the government's official bulletin said, giving continuity to the government's reform program ahead of the general elections in October.
Thursday, April 12th 2018 - 07:20 UTC
EC president furious with Brexit: “only a united Europe can be a sovereign Europe”

European Council President Donald Tusk has said Brexit makes him furious, and called on Europe to unite during a speech in Dublin. The statesman warned it would take very little time to demolish the structures of peace and unity built up in the continent.
Wednesday, April 11th 2018 - 18:35 UTC
Argentina imports 120.000 tons of soy-beans from United States

Argentina, the world’s third biggest soy producer, booked its largest purchase of U.S. soybeans in 20 years on Tuesday after drought cut its harvest, forcing crushers there to turn to imports. The surprise move pushed Chicago soybean futures to a one-month high, in the latest development to upend global soy trading after top buyer China last week proposed tariffs on U.S. imports amid an intensifying Washington-Beijing trade dispute.
Wednesday, April 11th 2018 - 09:39 UTC
Falklands' meat company enters contract to supply defense facilities at MPC/MPA

The Falkland Islands Meat Company - FIMCo - has entered into a supply contract with Ecolog – a key provider for UK Ministry of Defense facilities at MPC/MPA, to provide their high-quality Falkland Islands meats. The contract is for five years, delivering beef, lamb and mutton to the MOD’s and Ecolog’s exacting standards of price, availability and - of course - quality.
Wednesday, April 11th 2018 - 09:11 UTC
March inflation in Brazil almost flat at 0.09%; Selic rate expected to be cut 25 extra points in May

Brazil's monthly inflation rate slowed dramatically to a nine-month low in March, suggesting the central bank may have been too slow to signal another interest rate cut as the data continued to fall short of its inflation target.
Wednesday, April 11th 2018 - 08:57 UTC
The paperwork challenge for British business after Brexit

Diverging from European Union rules after Brexit will mean more costs than benefits for British business, a report by the CBI employers' group says. In a survey of 23 industry sectors, the vast majority preferred continued close alignment with EU regulations.