Economy

Wednesday, January 10th 2018 - 09:52 UTC
Argentine central bank cuts basic rate to 28%; annual inflation target 15%

Argentina’s central bank cut its policy rate to 28% from 28.75%, two weeks after relaxing its 2018 inflation target, the bank said on Tuesday. The bank’s first rate cut in 14 months came after a December 28 news conference announcing an official inflation target for this year of 15%, up from the bank’s previous target range of 8% to 12%.
Wednesday, January 10th 2018 - 09:25 UTC
Petro: The cryptocurrency that is not cryptocurrency

According to the journalist specialized in technology Edgar Rincon, the solution devised by the Venezuelan government to evade the “strong and cruel sanctions of the international community to Venezuela”, the Petro, is not a cryptocurrency because “within the guidelines of the cryptocurrency guide does not fit. ”
Tuesday, January 9th 2018 - 10:01 UTC
Brazilian stocks edge higher convinced Lula will be barred from running in election

Brazilian stocks edged higher to mark a record close on Monday, underpinned by optimism over the nation's fiscal outlook as well as a strong flow of international investment. The benchmark Bovespa stock index continued its climb following a seven-day string of gains.
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.