Economy

• Friday, August 11th 2017 - 07:57 UTC

  Falklands' second Loligo season very promising but by-catch of fur seals forces an exclusion zone

  

  The Falkland Islands second Loligo squid season has taken with very good catches, but good catches also means abundance of the cephalopodus, and... of those sea mammals that feed on them. Because of this a temporary exclusion zone around Beauchene Island was put in place on Thursday making this productive area for Loligo squid out of bounds to fishing vessels.

• Thursday, August 10th 2017 - 20:05 UTC

  Brazil´s annualized inflation in July was 2.71%, the lowest since 1999

  

  Brazilian prices rose in July at an annual rate of 2.71%, the lowest for 18 years, the government statistics office said Wednesday. This was good news for consumers in Latin America's biggest economy, which is inching out of its deepest recession in history, and was considered likely to lead to sharper interest rate cuts.

• Thursday, August 10th 2017 - 19:56 UTC

  Rogoff warns about personal and corporate debt as main threats to global economy

  

  A sudden rise in interest rates poses the greatest threat to the global economy, the IMF's former chief economist has told the BBC. Ken Rogoff, who famously predicted a big bank would collapse during the financial crisis, warned that people had got used to ultra-low interest rates and said the economic policies of the Trump administration posed a risk.

• Thursday, August 10th 2017 - 19:51 UTC

  Ex US Treasury Secretary says loosening financial regulations, “not a good idea”

  

  Jack Lew, former US treasury secretary, has told the BBC the world remains at risk from financial threats. He says loosening regulation would not be a good idea: ”We should not disarm at a moment when we're out of the last financial crisis, but still in a world with substantial financial risks.

• Thursday, August 10th 2017 - 11:27 UTC

  Triple digit inflation in Venezuela: US dollar trades at 10.387 Bolivar; minimum wage 97.531 Bolivar

  

  The extreme volatility of Venezuela's exchange rate has the crisis-hit country's shop owners hurriedly marking up their merchandise and consumers balking at the higher price tags. Just last week, the Bolivar currency fell around 70% on the black market, according to DolarToday, the opaque U.S.-based website that dictates the black market rate.

• Thursday, August 10th 2017 - 09:59 UTC

  Argentine farmers investing heavily for the next planting season following on a record crop year

  

  Argentine farmers will increase investments in the next corn planting season despite fears about a political comeback for former President Cristina Fernandez, who implemented export taxes and restrictions despised by the sector, according to industry leaders.

• Thursday, August 10th 2017 - 09:43 UTC

  Fear of a Cristina Fernandez comeback has cost the Argentine central bank over a billion dollars

  

  The Argentine primary next Sunday when the different parties will choose their candidates for the midterm elections of 22 October, and the possibility of a comeback of ex president Cristina Fernandez, and all that she represents, has cost the Argentine central bank so far over a billion dollars in the last ten days.

• Thursday, August 10th 2017 - 07:47 UTC

  Washington imposes more sanctions in Venezuela: eight more top officials including a Chavez brother

  

  Washington imposed sanctions on eight Venezuelan officials on Wednesday for their role in creating an all-powerful legislative body loyal to President Nicolas Maduro, while a mayor-turned-fugitive called for more anti-government protests. The new U.S. sanctions targeted politicians (including a brother of ex leader Hugo Chavez) and security figures but stopped short of actions against Venezuela's vital oil industry.

• Wednesday, August 9th 2017 - 06:39 UTC

  Beef and ethanol back in the EU/Mercosur agenda in October meeting

  

  Beef will be back on the menu this October as the European Union seeks to finalise a trade deal with Mercosur. The European Commission will offer Mercosur new beef import quotas at reduced tariff rates during a formal round of trade talks in the first week of October in Brussels, EU sources confirmed.

• Tuesday, August 8th 2017 - 20:08 UTC

  UK big business lobby calls for a Brexit “transitional, interim or bridging” deal

  

  Britain should consider pushing back the 2019 Brexit deadline as the simplest way to managing all the trade deals and other arrangements for leaving the European Union, business leaders urged on Friday.