Economy

Tuesday, January 30th 2018 - 09:12 UTC
Chile's incoming finance minister pledges the economy will expand 3.5% this year

Chile's economy is likely to grow by 3.5% this year on the back of increased confidence in a new presidential administration and in improving global economy, the future finance minister said in a local newspaper published on Sunday.
Tuesday, January 30th 2018 - 07:12 UTC
EU Agriculture and Trade commissioners at odds over increasing Mercosur beef access

A long-awaited major trade deal between the EU and Mercosur may this week take a key step towards realization with ministerial teams from both sides meeting in Brussels on Monday. They are expected to give negotiators a new, decisive political impulse to reach agreement in a matter of weeks, according to Irish sources.
Saturday, January 27th 2018 - 09:39 UTC
Trump tells Davos forum “America First”, but it does not mean America alone

President Trump declared America “open for business” in a speech on Friday to global to political and business elites in Davos, Switzerland, while taking a hard line on trade and vowing to make commerce with other countries “fair and reciprocal.”
Saturday, January 27th 2018 - 09:31 UTC
Bank of England said UK was already suffering a “Brexit effect”

A “deeper relationship” with Europe will benefit the UK economy, the governor of the Bank of England has argued. Mark Carney's comments follow claims by chancellor Philip Hammond that the UK and EU economies will only move “very modestly” apart after Brexit.
Saturday, January 27th 2018 - 09:17 UTC
US economic growth in the fourth quarter slows to 2.6%, and 2.3% for 2017

US economic growth slowed unexpectedly to an annualised rate of 2.6% in the last three months of 2017, the Commerce Department said on Friday. Economists had expected the rate to be 3% - the same as the three months to September.
Saturday, January 27th 2018 - 08:25 UTC
Macri and Macron agree in most issues, but not in the EU/Mercosur talks

Argentine president Mauricio Macri ended on Friday his European tour in Paris, where he addressed the business community and potential investors, and later held a private meeting with president Emmanuel Macron. According to Argentine sources there is strong French investors' interest, but apparently Macron held his ground when regarding the EU/Mercosur overall trade agreement.
Friday, January 26th 2018 - 09:46 UTC
Uruguay and China flirt with a trade agreement, but Mercosur is not convinced

Chinese Foreign Minister Wang Yi said that Beijing is willing to negotiate step by step, a free trade agreements with Uruguay and other countries in South America, particularly members of Mercosur.
Friday, January 26th 2018 - 09:24 UTC
“Argentina has left the populist experiment, and no other country has its potential”

Argentina has left behind its populist experiment, and there is no other country with greater potential, Argentine president Mauricio Macri told the World Economic Forum in Davos during a speech to the forum of world political and business leaders.
Friday, January 26th 2018 - 07:27 UTC
Falklands decide to discuss a Holiday Scheme, originally funded by the government

The Falkland Islands Holiday Credit Scheme that lasted some ten years until 2008, and by which the government credited a daily contribution to each Islander in support of the cost of overseas travel, may be about to make a comeback, according to the latest edition of the Penguin News.
Thursday, January 25th 2018 - 10:03 UTC
Treasury Secretary tells Davos US welcomes a weakening dollar

The U.S. dollar extended its recent rout to hit three-year lows on Wednesday after U.S. Treasury Secretary Steven Mnuchin said he welcomed a weakening in the dollar. Fears of protectionist trade policies by the United States had already pushed the greenback to a three-year low, and Mnuchin’s remark at the annual Davos summit of business and political leaders pushed it down further.