Tag: economy

• Wednesday, July 4th 2018 - 08:13 UTC

  Argentina reveals financial needs; stock market and the Peso rebound

  

  Argentina will need to raise a net US$ 8 billion in the domestic debt market in 2019 to meet financing needs that include a US$ 7.4 billion primary deficit and US$ 25 billion in debt principal and interest payments, according to a Treasury Ministry document.

• Tuesday, June 26th 2018 - 09:13 UTC

  Brazil's trade surplus hit strongly by the truckers’ strike

  

  The truck drivers' strike which paralyzed Brazil's trade and supply for about 10 days in May had a significant effect on the country's economy, its central bank reported on Monday.

• Tuesday, June 26th 2018 - 08:22 UTC

  Latam stocks and currencies hit by global trade disputes

  

  Latin American stocks and currencies mostly fell on Monday as the trade dispute between the United States and other leading economies worsened, but central bank intervention kept the Brazilian real steady.

• Friday, June 22nd 2018 - 08:15 UTC

  Airbus warns UK on Brexit and “its severe negative consequences”

  

  Airbus has warned it could leave the UK if the country exits the European Union single market and customs union without a transition deal. The European plane maker said the warning was not part of “project fear, but its dawning reality”. Airbus employs about 14,000 people at 25 different sites in the UK.

• Wednesday, June 20th 2018 - 08:31 UTC

  Global Index decides on Wednesday if it includes Argentina and Saudi Arabia

  

  Global index compiler MSCI is considering including Argentina and Saudi Arabia in its emerging market indexes at a review of its widely-tracked benchmark on Wednesday, and could potentially announce candidates that may join its indexes in future.

• Monday, June 18th 2018 - 08:34 UTC

  China knows better as Trump tariff strategy trsicks US voters

  

  Global Times Editorial
  
  The Trump administration announced tariffs on Chinese high-tech and industrial imports worth of US$50 billion. The first round, on imports totaling US$34 billion, will begin July 6, while the second round is still under review.

• Wednesday, June 13th 2018 - 09:27 UTC

  Russian economy expecting US$ 1.6bn boost from the World Cup

  

  The Russian economy is expecting to get a significant financial boost from an increased tourist flow during the FIFA World Cup, the Russian Ministry of Economic Development said. “According to our estimates, foreigners will spend over 100 billion rubles (US$1.6 billion) during the World Cup in Russia,” Minister of Economic Development Maxim Oreshkin told Sovetsky Sport newspaper.

• Thursday, June 7th 2018 - 08:35 UTC

  Europe's five leagues revenue €14.7bn, in 2016-17, and the English Premier League is market leader

  

  The big five European leagues generated a record €14.7bn in revenue in 2016-17, a 9% annual increase, according to new figures from Deloitte. It says the European football market is now worth some €25.5bn and the English Premier League was the market leader, with record revenue of £4.5bn, as each of the 20 clubs se their own annual revenue record.

• Wednesday, June 6th 2018 - 08:27 UTC

  Brazil's central bank survey lowers 2018 growth forecast to 2.18%

  

  Brazil's financial market has downgraded its 2018 economic growth forecast from 2.37% to 2.18%, according to a Focus poll released on Monday by the Central Bank. Four weeks ago, a similar survey of the country's leading financial institutions showed GDP was expected to expand 2.7%.

• Wednesday, June 6th 2018 - 08:19 UTC

  Brazil's trade surplus in May reached US$ 5.981 billion

  

  Brazil's trade balance recorded a US$ 5.981 billion surplus in May, resulting from US$ 19.224 billion in exports and US$ 13.260 billion in imports, said the Ministry of Industry, Foreign Trade and Services (MDIC).