Tag: economy

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.
Friday, January 5th 2018 - 10:00 UTC
Controversy in Brazil for self imposed ban on sea food exports to Europe

The Brazilian aquaculture association Peixe BR criticized the temporary suspension of fish and shellfish exports to the European Union (EU) self-imposed by the Brazilian government. The entity which represents more than half of the Brazilian production of farmed fish argued that “without doubt, this is bad news, but it can't be said that it is unexpected or that it has been a surprise for the Brazilian authorities”.
Friday, January 5th 2018 - 09:39 UTC
Scottish seafood processing industry threatened by Brexit: most workers from EEA

A study into employment patterns of non-UK workers showed that 58% of Scottish seafood processing business employees come from other countries of the European Economic Area (EEA).
Wednesday, January 3rd 2018 - 10:19 UTC
Lack of rainfall in Buenos Aires province affecting soy planting and prices

Argentina's bread-basket province of Buenos Aires will remain mostly dry over the days ahead, meteorologists said on Tuesday, after reporting scant rains over the weekend in the country's biggest and most productive farm area.
Wednesday, January 3rd 2018 - 10:12 UTC
Brazil finished 2017 with a record trade surplus of US$ 67bn

Brazil's road to economic recovery has passed another milestone with official data showing on Tuesday that the country finished 2017 with a record trade surplus 40.5% higher than in the previous year. The US$67 billion surplus was in line with market projections and within the US$65/70bn range forecast by the government.
Tuesday, January 2nd 2018 - 10:58 UTC
Brexit: First quarter of 2018, “point of no return” for financial services industry

The clock is ticking for the financial services industry, with banks said to be months away from being forced to act on Brexit contingency plans that could see thousands of jobs leave the UK. The first quarter of 2018 has been dubbed the “point of no return” for banks, insurers and asset managers as the industry calls on the UK to clinch a transition period that would extend market access to the EU beyond March 2019.
Sunday, December 31st 2017 - 10:48 UTC
IMF report on Argentina: good, but watch out borrowing to finance the budget deficit

The International Monetary Fund (IMF) on Friday raised its outlook for Argentina’s economic growth to 2.8% in 2017, up from 2.5% seen in October, while keeping its forecast for 2018 growth steady at 2.5%.
Friday, December 29th 2017 - 10:06 UTC
Brazil's main stock market, Ibovespa ends the year with a 26.85% increase

Ibovespa, the benchmark stock market index in Brazil, ended the last trading session of the year with a 0.43% rise to 76,402.08 points amid a lack of negative political news and tracking stock markets abroad.
Friday, December 29th 2017 - 09:38 UTC
Argentina's Merval breaks the 30.000-point barrier and ends 2017 gaining 77%

Merval, the benchmark stock market index in Argentina, ended Thursday's last trading session of 2017 above the 30,000-point barrier for the first time in history. The index rose 2.84% to 30,024.24 after the local government increased the inflation target for the next couple of years, but reinforced its commitment to lower fiscal deficits in the future.