Economy

Thursday, October 12th 2017 - 12:10 UTC
Brazilian central bank insists on the need to limit pension spending

Brazil’s lawmakers can’t duck their responsibility to pass belt-tightening measures, central bank President Ilan Goldfajn told a Senate hearing in Brasilia this week. Reform proposals, particularly a constitutional amendment to limit pension spending, will help keep inflation low, reduce the structural interest rate and buoy the country’s overall recovery, Goldfajn said.
Wednesday, October 11th 2017 - 16:02 UTC
Auto industry in Brazil picking up: 10% sales and output growth forecasted in 2018

Auto industry leaders projected sales and output growth of more than 10% in Brazil next year at an industry event on Monday, underscoring hopes for a rebounding market as Mercedes-Benz announced new investments in bus and truck plants.
Wednesday, October 11th 2017 - 14:53 UTC
UK tourism industry booming: 40 million overseas visitors during 2017

Tourism is booming in the UK with nearly 40 million overseas people expected to have visited the country during 2017 - a record figure. Tourist promotion agency VisitBritain forecasts overseas trips to the UK will increase 6% to 39.7 million with spending up 14% to £25.7bn this year. Britons are also holidaying at home in record numbers.
Wednesday, October 11th 2017 - 14:27 UTC
World Bank admits millions of jobs will be automated and urges investments in “human capital”

The world is on a “crash course” as people's hopes collide with a future in which millions of jobs are automated, the World Bank chief has said. Jim Yong Kim said policymakers should take action by investing in education and health. The World Bank president spoke in New York ahead of the group's annual meeting in Washington DC this week.
Tuesday, October 10th 2017 - 16:45 UTC
Brazil relaunching economic ties with the African continent

Agricultural powerhouse Brazil aims to revive ties with Africa after a lull and sees a vast export market for food and manufactured goods in a continent whose population is surging, its foreign minister said.
Tuesday, October 10th 2017 - 16:37 UTC
China's Sinopec considering selling assets in Santa Cruz, Argentina

Argentina’s losses on its oil and gas assets, as well as its labor disputes, have prompted China’s Sinopec to consider selling its operations in the country. Sinopec advisors have offered up some of its assets to about a dozen large firms from the U.S., Latin America, Europe, Africa, and Russia, it was reported on Monday and confirmed in Beijing media.
Tuesday, October 10th 2017 - 06:29 UTC
LATAM non-stop flights between Santiago de Chile and Melbourne

LATAM launched on 5 October non-stop flights between Melbourne and Santiago. The route will offer the only direct connection between Melbourne and Latin America and see three flights per week on a Boeing 787-9.
Tuesday, October 10th 2017 - 02:48 UTC
Aerolineas Argentinas suspends flights to Venezuela because of security concerns

Aerolineas Argentinas has become the latest carrier to suspend flights to Caracas. The company said it had concerns over security in Venezuela because of increasing criminal violence and political uncertainty. It joins dozens of airlines who have taken similar action.
Tuesday, October 10th 2017 - 02:11 UTC
South Georgia proposing to extend toothfish licensing period from 2 to 4 years

The South Georgia and South Sandwich toothfish fishery is one of the highest-scoring Marine Stewardship Council certified fisheries, underpinned by scientific research, ecosystem-based precautionary management, and careful monitoring and enforcement.
Sunday, October 8th 2017 - 08:31 UTC
Argentina preparing to auction offshore hydrocarbons exploration next year

Argentina plans to auction offshore oil and gas exploration rights next year, in the hope of developing fields off its Atlantic coast like those in neighboring Brazil, the energy minister said on Thursday.