Argentina's Senate on Thursday gave final approval to an unpopular austerity budget designed to meet the stiff requirements of a US$ 57.1 billion International Monetary Fund bailout. Approval came as a great relief for battered president Mauricio Macri, but also a double victory, since it opens the way for his reelection aspirations next year.
Theresa May has dismissed speculation she could be ousted as prime minister over her Brexit agreement, saying: "I am going to see this through." Speaking in Downing Street, on Thursday the prime minister said: "The course I have set out is the right one for our country and all our people."
Economist Roberto Campos Neto has accepted an invite to become the head of Brazil's central bank under the government of the incoming president, Jair Bolsonaro, the nation's future economy minister said in a statement on Thursday.
Aerolineas Argentinas President Luis Malvido ruled out Wednesday any plans to privatize the national flag carrier and added they had "no intention to close down routes." However, the company's long term is under evaluation.
The world of soybean shipping has turned upside down thanks to the ongoing U.S.-China trade war. Argentina, the No. 3 global soy grower, is making major purchases of U.S. supplies. A weekly measure of US shipments to Argentina just rose to the highest in at least 35 years, U.S. government data showed Tuesday.
After 13 hours of debate, the Argentine Senate approved the draft Public Administration Budget for 2019 early on Thursday. The project, presented by Mauricio Macri’s government, went ahead with 45 votes in favor, 24 against and just one abstention.
Farmacias Ahumada Tuesday announced a broad restructuring plan which includes shutting down an undisclosed number of stores nationwide in Chile plus the subsequent staff layoffs.
United States and Chinese negotiators have revived trade talks in the hopes of reaching a draft agreement before President Donald Trump and Chinese leader Xi Jinping meet face-to-face on the sidelines of the G20 meeting in Argentina.
UK and EU officials have agreed the draft text of a Brexit agreement after months of negotiations. A cabinet source told the BBC that the document has been agreed at a technical level by officials from both sides after intensive discussions this week. A special cabinet meeting will be held at 14:00 GMT on Wednesday as Theresa May seeks ministers' backing.
The Italian government has defied the European Commission by sticking to its big-spending budget plan. Deputy Prime Minister Matteo Salvini said a deficit target of 2.4% and a growth forecast of 1.5% were unchanged.
Looking like a museum piece, a replica of the prototype to determine the exact unit of measurement for a kilogram was displayed under glass at the National Institute of Advanced Industrial Science and Technology in Tsukuba, Japan.
Japan's central bank has become the first among Group of Seven nations to own assets collectively worth more than the country's entire economy, following a half-decade spending spree designed to accelerate weak price growth.
Between 800 and 1,000 Argentine gas stations no longer accept credit cards in protest for the time they must wait before the actual payment is registered in an inflation context, it was reported Tuesday.
Standard & Poor's on Monday downgraded Argentina's sovereign long term credit rating from “B+” to “B” and reviewed the country's debt prospects to “stable”, following on the “negative” review from last August.
Joaquim Levy, managing director and World Bank chief financial officer, has been tapped to be the next president of Brazil’s national economic and social development bank BNDES, news advanced to a column in daily O Estado de S. Paulo published on Sunday.
UK ministers have been told "judgment day is coming" over Brexit as the UK and EU strive for a deal within 48 hours. Officials are trying to hammer out an agreement on the terms of the UK's exit by Wednesday to enable EU leaders to agree it by the end of the month.
The pound has sunk in volatile trading after reports that a Brexit deal was near were downplayed by UK officials. Downing Street said “substantial issues” still need to be resolved as negotiators try to secure an agreement over the UK's exit from the EU.
They call it "production adjustments," but in reality most major oil extracting countries agreed Sunday new strategies regarding crude output were needed in light of the surplus accrued over the past few months.
Argentine industrial activity plunged 11.5% year-on-year in September – the biggest drop in 16 years. The INDEC national statistics bureau said that manufacturing witnessed a fifth consecutive month of decline, following drops of 1.2% in May, 8.1% in June, 5.7% in July and 5.6% in August. It’s the biggest contraction since July 2002.
International food commodity prices dipped in October, as falling dairy, meat and vegetable oils prices more than offset a surge in sugar prices, the United Nations said. The FAO Food Price Index, a measure of the monthly change in international prices of a basket of food commodities, averaged 163.5 points in October, down 0.9 percent from September and 7.4 percent below its level a year earlier.