Economy

• Tuesday, January 2nd 2018 - 06:33 UTC

  UK's foreign aid will go to projects that promote government aims and interests

  

  The UK's aid budget will be shifted to projects that promote its interests, the foreign secretary Boris Johnson said underlining the money will be “more sensibly distributed” to support foreign policy aims such as denying safe havens to Islamist militants.

• Tuesday, January 2nd 2018 - 06:20 UTC

  Latin American poverty and extreme poverty rose in 2015/16 following a decade of decline

  

  Poverty and extreme poverty levels rose in Latin America as a regional average in 2015 and 2016, after more than a decade of declines in the majority of countries, while in 2017 they are expected to hold steady, the Economic Commission for Latin America and the Caribbean (ECLAC) said.

• Sunday, December 31st 2017 - 20:47 UTC

  Corruption in Uruguayan government “very much extended”, says opinion poll

  

  Although Uruguay is well positioned internationally when it comes to corruption perception, it is considered among the least corrupt together with Chile in Latin America by Transparency International and LatinoBarometer, a public opinion poll published the last week of 2017 in Montevideo seems to show quite a different perception, particularly among young people.

• Sunday, December 31st 2017 - 10:48 UTC

  IMF report on Argentina: good, but watch out borrowing to finance the budget deficit

  

  The International Monetary Fund (IMF) on Friday raised its outlook for Argentina’s economic growth to 2.8% in 2017, up from 2.5% seen in October, while keeping its forecast for 2018 growth steady at 2.5%.

• Sunday, December 31st 2017 - 10:12 UTC

  Legendary Jumbo phased out from US passenger service

  

  Delta Air Lines was the last company to retire the Boeing 747 to replace it with smaller and more fuel efficient aircraft

• Friday, December 29th 2017 - 10:06 UTC

  Brazil's main stock market, Ibovespa ends the year with a 26.85% increase

  

  Ibovespa, the benchmark stock market index in Brazil, ended the last trading session of the year with a 0.43% rise to 76,402.08 points amid a lack of negative political news and tracking stock markets abroad.

• Friday, December 29th 2017 - 09:38 UTC

  Argentina's Merval breaks the 30.000-point barrier and ends 2017 gaining 77%

  

  Merval, the benchmark stock market index in Argentina, ended Thursday's last trading session of 2017 above the 30,000-point barrier for the first time in history. The index rose 2.84% to 30,024.24 after the local government increased the inflation target for the next couple of years, but reinforced its commitment to lower fiscal deficits in the future.

• Friday, December 29th 2017 - 09:32 UTC

  Argentina increases inflation targets for 2018/19, closer to private estimates

  

  Argentina changed its inflation target for 2018 to 15%, up from the central bank’s previous goal of 8-12%, Treasury Minister Nicolas Dujovne said on Thursday, raising expectations for interest rate cuts. The government will postpone by one year its goal of lowering inflation to 5%, pushing it back to 2020, Dujovne said.

• Thursday, December 28th 2017 - 10:30 UTC

  Argentine Senate approves tax reform and 2018 budget; economy expanded 0.2% in October

  

  Argentina’s Senate on Wednesday gave final approval to the government’s tax reform and 2018 budget plan, part of President Mauricio Macri’s push to cut business costs and attract investment to Latin America’s No. 3 economy.

• Thursday, December 28th 2017 - 10:18 UTC

  Argentina's stock market Merval has gained around 75% in the last twelve months

  

  Merval, the benchmark stock market index in Argentina, rose 0.25% to 29,260.33 on Wednesday, reflecting investor optimism that the Senate would pass the 2018 budget and a tax reform. It was the seventh consecutive increase of the index.