Economy

Wednesday, November 1st 2017 - 09:00 UTC
Brazil's central bank puts off signals about next year's interest rate policy

Brazil’s central bank has decided to put off any signals about its 2018 interest rate decisions, the bank said on Tuesday, leaving the door open for lower rates next year as the economy recovers with inflation under control.
Wednesday, November 1st 2017 - 08:53 UTC
Farmers' lobby chief becomes Argentine Agriculture ministry head; ex minister to Brussels to negotiate EU/Mercosur deal

Argentina will replace Agriculture Minister Ricardo Buryaile with Luis Miguel Etchevehere, currently the president of the Argentine Rural Society, the powerful agriculture and livestock industry group, Cabinet Chief Marcos Pena said on Tuesday. Buryaile will next serve as Argentina's ambassador to the European Union.
Wednesday, November 1st 2017 - 08:46 UTC
Argentina unveils plan to slash corporate income taxes to promote investment

Argentina plans to cut corporate income taxes to 25% by 2021 for companies that reinvest profits, it said on Tuesday, part of a wide-reaching tax reform bill intended to accelerate investment in Latin America's no.3 economy. The bill, which would slash taxes for companies willing to reinvest in Argentina from 35%, will be sent to Congress in the coming days, Treasury Minister Nicolas Dujovne said.
Wednesday, November 1st 2017 - 08:02 UTC
Europe prepares to have jets fly with an eco-fuel mix from vegetable oil and animal fat plus kerosene

Jets in Europe will soon run on eco-fuel produced from vegetable oil and animal fat. The new fuel will be mixed with traditional kerosene. According to latest reports, planes running on the mixture of renewable and traditional fuel will start flying next year from Geneva in Switzerland.
Wednesday, November 1st 2017 - 07:52 UTC
Labour pressing UK government to release 58 Brexit impact studies

The British Labour party is seeking to up the pressure on ministers over their refusal to release a series of Brexit impact studies. The government has confirmed that 58 reports looking at different sectors of the economy have been prepared, but is resisting calls to publish them; saying to do so would undermine the UK's negotiating position.
Tuesday, October 31st 2017 - 08:30 UTC
Brazil: the return of deepwater oil

By Nick Cunningham of Oilprice.com - On a historic auction for deepwater oil assets in Brazil, the oil majors showed up on October 27 and bought several offshore blocks, indicating a high level of interest in the country after a major policy overhaul allowed private investment.
Tuesday, October 31st 2017 - 07:43 UTC
Macri vows reforms to lower taxes and achieve fiscal balance

Argentina's President Mauricio Macri vowed to press ahead with reforms to the country's tax, labor and retirement systems in a speech on Monday, a week after his “Let's Change” coalition swept to victory at the polls in midterm elections.
Monday, October 30th 2017 - 11:02 UTC
Brazil wants detailed investigation into Canada's aerospace industry “subsidies”

Canada has urged the World Trade Organization to block attempts by Brazil to trigger a detailed investigation of its aerospace industry to buttress its case that subsidies to Bombardier caused “serious prejudice” to Brazil’s Embraer. The procedural move by Canada comes a month after the WTO agreed to set up a panel to investigate Brazil’s claim that Canada provided harmful aid to the CSeries jet.
Monday, October 30th 2017 - 07:00 UTC
Venezuela makes last minute major bond payment, but 2018 service will demand US$ 10bn

Venezuelan state oil company PDVSA began making a major bond payment, easing short-term worries about default but leaving the populist government with less cash to attend to food shortages and economic depression.
Friday, October 27th 2017 - 08:51 UTC
Tierra del Fuego project in Falklands programmed for failure

A project investigating the potential for trade between the Falklands and Argentina appears to have involved a dearth of research.