Economy

Monday, December 11th 2017 - 15:10 UTC
Brazilian 2017 inflation below target for the first time in two decades

Brazil's monthly inflation eased more-than-expected in November after accelerating in the previous month, mainly due to the continued fall in food prices, preliminary data from IBGE showed on Friday. The consumer price index rose 0.28% month-on-month following 0.42% in October.
Monday, December 11th 2017 - 04:57 UTC
Mercosur/EU closer to an agreement but differences on new farm proposal remain undecided

The European Union’s farm chief pressed Mercosur countries to offer market access for EU wines, spirits, olive oil and dairy goods to help seal a free-trade agreement that has been in the works for two decades.
Monday, December 11th 2017 - 02:13 UTC
WTO summit takes off in Buenos Aires: anybody's guess what the outcome can be

Under fire from the United States, wracked by disagreements over China and unable to kick-start stalled trade talks, the World Trade Organization meets under a cloud in Argentina from this Sunday. The Buenos Aires meeting will be the first in the era of US President Donald Trump, who has pummeled the 164-member body relentlessly since taking office, even describing it as a “disaster”
Monday, December 11th 2017 - 01:48 UTC
Fishing subsidies to be on the WTO summit table in Buenos Aires

Meeting for the first time in Latin America, the World Trade Organization’s 11th Ministerial Conference will take place in Buenos Aires from 10-13 December. Central to this year’s talks will be an international deal to curb harmful fishing subsidies. These are government payments or tax breaks that contribute to overcapacity, overfishing and illegal fishing (IUU) globally.
Saturday, December 9th 2017 - 20:17 UTC
Falklands' ferry operations temporarily suspended until at least 20 December

The Falkland Islands Government (FIG) has confirmed that the Concordia Bay ferry service will be suspended until at least Wednesday 20 December. The temporary suspension of ferry operations during December had been advanced in an initial public announcement in November by Workboat Services Limited (WSL)
Saturday, December 9th 2017 - 19:51 UTC
Brazilian auto industry recovering above expectations

Auto sales in Brazil are likely to beat prior forecasts and accelerate next year, national automakers association Anfavea said on Wednesday, underscoring the gathering strength of a recovery in Latin America’s largest economy.
Saturday, December 9th 2017 - 19:14 UTC
Santander sells assets in United States to a Chilean bank

Spain's Banco Santander said it had sold its U.S. unit Totalbank to Chile’s BCI for US$528 million as part of moves to sell non-core assets it inherited when it bought Banco Popular. BCI owns City National Bank of Florida and had been in talks with TotalBank’s former owner Banco Popular before it was acquired by Santander.
Saturday, December 9th 2017 - 19:12 UTC
Brazilian economy gradually picking up with growing confidence from investors

Brazil’s economic recovery gained traction in the third quarter, supported by steady family consumption and a rebound in investment. GDP expanded 0.1% from the second quarter and 1.4% from the previous year, the national statistics agency said.
Friday, December 8th 2017 - 21:13 UTC
Breakthrough in Brexit negotiations; Juncker calls it a compromise

The European Commission said on Friday enough progress had been made in Brexit negotiations with Britain to allow a second phase of talks on future relations to begin, ending an impasse over the status of the Irish border.
Friday, December 8th 2017 - 08:30 UTC
Brexit minister admits to Parliament there are no impact assessments for the UK economy

There were calls for David Davis to resign as Brexit Secretary and face investigation for contempt of Parliament, after he admitted that the UK Government has produced no impact assessments on the effect of Brexit on different sectors of the UK economy.