Economy

• Saturday, November 4th 2017 - 10:45 UTC

  Argentina and Peru try to sort out ethanol dispute and sign accord to promote overall trade

  

  Argentina and Peru are seeking to resolve a dispute stemming from Peru’s decision to apply anti-dumping tariffs on imports of Argentine biodiesel a year ago, Peruvian President Pedro Pablo Kuczynski said on Friday.

• Saturday, November 4th 2017 - 10:40 UTC

  Brazil becoming main supplier of soybean to China at peak US marketing season

  

  Brazil is expected to win a larger share of China’s soybean imports in coming months, hitting U.S. exporters during the peak marketing season for their most valuable farm product as the world grapples with a fifth consecutive bumper crop.

• Saturday, November 4th 2017 - 10:02 UTC

  Air New Zealand crowned 2018 Airline of the Year in Excellence Awards

  

  Air New Zealand has been crowned 2018 Airline of the Year. The award marks the 5th consecutive year Air New Zealand has received the top honor in its Airline Excellence Awards.

• Friday, November 3rd 2017 - 07:58 UTC

  Maduro announces “restructuring of all future debt payments”; default round the corner?

  

  Venezuela on Thursday announced plans to restructure its burgeoning foreign debt, a move that may lead to a default by the cash-strapped OPEC nation whose collapsing socialist economy has left its population struggling to find food and medicine.

• Friday, November 3rd 2017 - 07:52 UTC

  EU support: Argentina sells 30-year Euro bond, first time in history

  

  Argentina finalized its foreign bond sale plan for 2017 on Thursday, selling 2.75 billion Euros in three bonds in an offering that was more than four times oversubscribed, the Finance Ministry said in a statement.

• Friday, November 3rd 2017 - 07:45 UTC

  Macri's ambitious infrastructure investment plan begins with 7.700kms of roads

  

  Argentina hopes to attract US$26.5 billion in infrastructure investments through 2022 in the form of public-public private partnerships (PPPs), government officials told a gathering of construction and finance executives this week.

• Friday, November 3rd 2017 - 07:37 UTC

  Bank of England's first interest rate increase in a decade; Brexit impact hovers over future decisions

  

  The Bank of England has raised interest rates for the first time in a decade to contain an increase in inflation stoked by the Brexit vote, in what is otherwise a moment of high uncertainty for the economy. In a statement Thursday, the bank said it had lifted its benchmark rate, which affects the cost of loans and savings rates in the wider economy, to 0.50% from the record low of 0.25%.

• Friday, November 3rd 2017 - 07:25 UTC

  Falklands calamari prices recover significantly as second season catch is below market expectations

  

  Recent reports in trade journals that abundant catches during 2017 were depressing Falkland Islands loligo prices were challenged this week by local sources concerned with the fishing industry.

• Thursday, November 2nd 2017 - 08:49 UTC

  London could lose 75.000 financial services jobs by 2019, when UK leaves the EU

  

  The Bank of England expects Britain to lose up to 75,000 financial services jobs in the years after its departure from the European Union in 2019, the BBC reported. London dominates global currency trading and is Europe’s main finance hub.

• Thursday, November 2nd 2017 - 08:12 UTC

  Trump expected to announce “centrist” Jerome Powell, as next head of the Fed

  

  President Donald Trump has said he will announce on Thursday his choice to lead the seven/member Federal Reserve board beginning in February. Jerome Powell, a Fed board member, is assumed to be the top contender and Trump anticipated that “I think you will be extremely impressed by this person”.