The British parliament started hours of debate on Tuesday by arguing over when the two-year negotiating period for Brexit should end and whether there should be a fixed time at all.1 comment
Billionaire Michael Bloomberg said on Tuesday that London would continue to be the financial centre of Europe for the foreseeable future and maintain its position alongside New York as one of the dominant trading capitals in the world though Brexit will reduce the city’s growth.Add your comment!
European and UK business leaders have told Prime Minister Theresa May of their Brexit concerns. At a meeting in Downing Street on Monday, representatives from groups including the CBI and BusinessEurope pressed for a transitional deal that preserves the status quo after Brexit.4 comments
Venezuela hosted a brief meeting of creditors on Monday as the struggling yet oil-rich country sought to stave off a default seen as inevitable by experts, while the EU stepped up the pressure with new sanctions on Caracas.Add your comment!
Sterling fell against the dollar and euro on Monday as investors worried about Theresa May's ability to stay on as British prime minister and get what they consider to be a good exit deal from the European Union.1 comment
The Brexit deal covering “withdrawal” issues will only hold if it is approved by MPs and peers in a new piece of legislation to put it into British law, David Davis has said. The Brexit Secretary announced a Withdrawal Agreement and Implementation Bill, which MPs will be able to amend, to cover areas such as citizens’ rights, the so-called divorce bill and a transition period.1 comment
Argentina's Acindar steelmaker is currently working at 70% of its installed capacity, which is 1.7 million metric tons of crude steel and 1.4 million mt of finished steel. In 2016, Acindar produced 962,000 mt of steel products. Expectation for 2017 is that it will reach 1.1 million mt, resuming good levels for the company.2 comments
The European Union's chief negotiator, Michel Barnier, says he is planning for the possible collapse of Brexit negotiations with the UK. Barnier was talking to French newspaper Le Journal du Dimanche days after giving the UK a two-week deadline to clarify key issues.6 comments
The European Union and Mercosur are close to concluding a free trade accord after decades of fitful talks, an EU official said. “We’re that close to having a new association and trade agreement between EU and Mercosur,” European Commissioner for Jobs, Growth, Investment and Competitiveness Jyrki Katainen said, holding his index finger and thumb just slightly apart.5 comments
An IMF visiting team in Buenos Aires concluded its annual review of Argentina's economy and praised the efforts of President Mauricio Macri's nearly two-year-old government to transform the economy saying it has yielded significant gains, but also warned that risks remain.Add your comment!