Economy

• Tuesday, January 9th 2018 - 09:34 UTC

  Juncker convinced Brexit will happen, but is concerned about budget shortfall

  

  European Commission chief Jean-Claude Juncker says he believes Brexit will go ahead and the EU should tackle its looming budget shortfall. “Don't believe those who say that it's not going to happen and that people in the UK have realized their error... I don't think that's going to be the case,” he told a Brussels conference.

• Tuesday, January 9th 2018 - 08:57 UTC

  Record sales in 2017 for Jaguar and Land Rover; China and US leading markets

  

  The UK's biggest carmaker, Jaguar Land Rover (JLR), has said sales hit a record high last year. The company reported Jaguar sold 178,601 cars, up 20% on the year before, while Land Rover sales rose 2% to 442,508. JLR said sales had more than tripled since 2009.

• Monday, January 8th 2018 - 09:19 UTC

  Argentina and Chile forecasted to lead global lithium production

  

  A new report by BMI Research states that based on project pipelines, Chile and Argentina will lead lithium production in coming years, with the bulk of new capacity coming online in 2019.

• Monday, January 8th 2018 - 09:06 UTC

  Brazil announces end of building big hydroelectric dams in Amazon basin

  

  In a surprise move, the Brazilian government has announced that the era of building big hydroelectric dams in the Amazon basin, long criticized by environmentalists and indigenous groups, is ending.

• Saturday, January 6th 2018 - 09:45 UTC

  Argentine stock market reaches a new record, 13th session running of gains

  

  Good and not so good news from Argentina. Merval, the main index of the Buenos Aires Stock Exchange, rose 0.79% to 32,505.59 points on Friday, a new settlement record that marked the 13th consecutive session of gains to the Argentine stock market. Merval had a weekly gain of 7.11%.

• Saturday, January 6th 2018 - 09:42 UTC

  Brazilian industrial production rose in November for the third month running

  

  Brazilian industrial production rose 0.2% in November from a month before, at the same rate as in September and October, surprising market analysts who expected stability. It was the third monthly increase in a row in the industrial output.

• Saturday, January 6th 2018 - 09:35 UTC

  Europe and Mercosur scheduled to resume trade negotiations this month

  

  The European Commission and Mercosur are planning to resume negotiations to reach a new Association Agreement during this month. The Commissioner of the European Trade Commission, Cecilia Malmström, stated that, after the last negotiating round, which took place in early December, and after the attempt to reach an agreement in the framework of the last round of the World Trade Organization (WTO), held from 11 to 14 December, the agreement was very close and would be reached in a matter of weeks.

• Friday, January 5th 2018 - 11:05 UTC

  Petrobras Brazilian shareholders demand similar payment as those in a class action lawsuit in US

  

  Brazilian shareholders of state-controlled Petrobras are petitioning a Brazilian court to be paid on similar terms as those given to U.S. shareholders in a US$ 2.95 billion settlement, according to lawyers representing them.

• Friday, January 5th 2018 - 10:39 UTC

  Chinese locomotives to revive Argentina's cargo train network

  

  A new shipment of Chinese-made locomotives arrived in the Port of Buenos Aires on Wednesday to revive Argentina's key Belgrano Cargas cargo train network. The eight locomotives will form part of a strategic rail line that traverses northern Argentina's agricultural heartland and connects producers with the eastern exporting hub of Rosario, a port located 300 km north of the capital.

• Friday, January 5th 2018 - 10:20 UTC

  Argentina sells US$ 9bn in bonds, “at the lowest yields in the country's history”

  

  Argentina sold US$ 9 billion in a three-part dollar bond issuance that was oversubscribed on Thursday, covering nearly a third of its expected financing needs for 2018 early in the year. Latin America’s third largest economy sold US$1.75 billion in five-year bonds at a yield of 4.625%, US$ 4.25 billion of 10-year bonds at 6% and US$3 billion in 30-year bonds at 7%, the ministry said. It said the yields were the lowest in Argentina’s history.