The British Pound slumped lower on ongoing Brexit worries on Tuesday, while the US Dollar recouped some of its recent losses as investors wait for President-elect Donald Trump's first press conference Wednesday. While Trump's Twitter account has been active since he won the keys to the White House and given clues to his policies, Wednesday's press conference will give Trump the platform to explain his tax and spending plans.
German Chancellor Angela Merkel has stepped up pressure on Theresa May over Brexit by saying that the European Union must consider limiting UK access to the single market if it fails to accept free movement of EU citizens. The chancellor repeated her mantra that there must be no negotiations based on “cherry picking” of the Union’s four freedoms of movement for capital, goods, services and people.
The Falkland Islands government remembered on Tuesday. the 34th anniversary of the first visit of ex prime minister Margaret Thatcher to the Islands. Flowers were laid by the Falklands government office representative in London, Sukey Cameron, MBE.Flowers laid to mark #MargaretThatcherDay #Falklands. 10th January 1983 she first visited the Islands.@FalklandsGov.
Investors betting on Argentina's stock market could make a return of 258% in five years, according to analysts at Morgan Stanley. Argentina is returning to economic and political normality after years in the capital markets wilderness following its 2002 debt default and financial collapse, Morgan Stanley said in a note to clients.
Tony Mason has been appointed to the role of Chief Executive Officer for the Latin America Travel Association. He is the former Chief Executive Officer of the Falkland Islands Tourist Board. Mason will support the Chair, Byron Shirto and Executive Committee in the governance of the Association.
President-elect Donald Trump has named his son-in-law, Jared Kushner, as one of his senior White House advisers. The 35-year-old played a key role in the presidential campaign and his new White House job will cover both domestic and foreign policy. Mr. Kushner, who is married to Ivanka Trump, is a property developer with a wide range of business interests.
Britain will be in the front seat to negotiate a new trade deal with the incoming Trump administration, a top Republican in the US Senate has said. A US-UK trade deal would be a priority, Senate Foreign Relations Committee chairman Bob Corker said after meeting Foreign Secretary Boris Johnson.
Scotland's First Minister Nicola Sturgeon has warned Prime Minister Theresa May that she is not bluffing on the promise of a second independence referendum if Scotland is driven off a hard Brexit cliff. In an interview with BBC's Andrew Marr she felt the prime minister had no plan in terms of her strategy for the UK leaving the EU.
Negotiations for an ample trade and cooperation agreement between the European Union and Mercosur are strategic, essential and must be urgently concluded, said Ramon Jauregui, head of the Euro-chamber for Latin America delegation, following on the recent accords signed by the EU with Ecuador and Cuba.
The Brazilian government’s national secretary of youth has resigned after celebrating the deaths of inmates killed in prison uprisings. Youth Secretary Bruno Julio resigned Friday.