Economy

• Tuesday, April 11th 2017 - 08:09 UTC

  Brazil planning concession auctions for another ten airports

  

  Brazilian Minister of Planning, Development and Management, Dyogo Oliveira said the government is considering awarding concession contracts with the private sector for at least another ten airports. Potential terminals include Goiânia, Vitória and Recife, according to the minister.

• Tuesday, April 11th 2017 - 05:30 UTC

  Chinese company buys 50% share of the Veladero mine in Argentina

  

  Barrick Gold and Shandong Gold, a Chinese company, have signed a strategic co-operation agreement that includes half the Veladero gold mine in Argentina. Shandong has agreed to purchase 50% of the Veladero mine in Argentina for US$960 million, and a joint venture will be created to operate it.

• Monday, April 10th 2017 - 08:02 UTC

  Bank of England asks financial firms to submit Brexit contingency plans

  

  The Bank of England has asked City financial firms in London to submit Brexit contingency plans, with Governor Mark Carney warning of major economic harm if negotiations between Britain and the EU falter.

• Monday, April 10th 2017 - 05:58 UTC

  Brazil's annual inflation drops to the lowest rate since 2010

  

  Brazil's annual inflation eased to the lowest rate since 2010 and came very close to the government's long-missed target, leaving the door open for the central bank to accelerate the pace of interest rate cuts next week.

• Saturday, April 8th 2017 - 10:14 UTC

  US technically enjoying full employment; but job creation is slowing down

  

  The US unemployment rate fell to its lowest in almost a decade in March, despite the economy adding a smaller than expected number of jobs. Employers added 98,000 jobs last month - far fewer than the 180,000 expected by economists and less than half the figure for January and February.

• Friday, April 7th 2017 - 12:46 UTC

  Brazil's trade surplus in March soared 61.2% to US$ 7.14bn

  

  Brazilian exports outweighed imports by more than US$7 billion in March despite fears that the economy could be hard hit by the country's on-going meat scandal. The country recorded a US$7.14 billion trade surplus last month, the highest level on record for the country and a whopping 61.2% increase on the previous year.

• Friday, April 7th 2017 - 12:36 UTC

  Global prices fell in March amid large supplies and expected strong harvests

  

  Global food prices monitored by FAO fell in March amid large available supplies and expectations of strong harvests. The FAO Food Price Index averaged nearly 171 points in March, marking a 2.8 percent drop from the previous month while remaining 13.4 percent above its level a year earlier.

• Friday, April 7th 2017 - 10:39 UTC

  Mercosur and Pacific Alliance summit will address potential convergence and Trump's protectionism

  

  Mercosur and Pacific Alliance foreign ministers are scheduled to meet this Friday in Buenos Aires, on an Argentine initiative to advance in a possible political and trade confluence with the prospect of a regional alliance in the near future. The controversial Venezuela case will also be on the table, but attendants have anticipated that they won't let this issue dominate the agenda or cast a shadow on the purpose of the summit.

• Friday, April 7th 2017 - 08:15 UTC

  Massive stoppage in metropolitan Buenos Aires but with limited response in the rest of the country

  

  Airlines in Argentina grounded international flights and riot police scuffled with protesters on Thursday as workers staged a general strike to protest job and pay cuts. Conservative President Mauricio Macri condemned the call to strike where he faces midterm legislative elections in October.

• Thursday, April 6th 2017 - 14:59 UTC

  UK services sector grows stronger than expected during March

  

  Activity in the UK's dominant services sector rose at a faster-than-expected pace in March. The Markit/CIPS purchasing managers' index (PMI) for services rose to 55, compared with economists' expectations of a slight increase to 53.5. The services sector, which accounts for three-quarters of the UK economy, said business activity and new work grew at the strongest rate so far this year.