Stories for November 2017

Tuesday, November 14th 2017 - 09:44 UTC
Sterling slides on concerns about UK leadership and rebel Tory MPs

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.
Tuesday, November 14th 2017 - 09:16 UTC
PM May yields and announces Brexit deal will only hold if is approved by MPs and peers

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.
Tuesday, November 14th 2017 - 09:02 UTC
Powerful friends boycott UN Security Council meeting on Venezuela; EU approves arms embargo

Russia, China, Egypt and Bolivia boycotted an informal public United Nations Security Council meeting on Venezuela on Monday organized by the United States, saying the 15-member body should not be involved in the situation.
Tuesday, November 14th 2017 - 00:01 UTC
Japan’s Demographic Lessons for Europe

By Daniel Gros (*) - Demography is not destiny, at least not entirely. Over centuries, policy can affect fertility decisions, and migration can transform a country, as the experience of the United States shows. Over shorter time horizons, however, demographic trends must be taken as given, and can have a profound impact on growth.
Monday, November 13th 2017 - 23:58 UTC
Private construction and infrastructure boosting Argentina's steel industry

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.
Monday, November 13th 2017 - 09:30 UTC
Prince Charles leads Remembrance Sunday ceremony while the Queen looks on

Queen Elizabeth watched on for the first time in her 65-year reign as Prince Charles led Remembrance Sunday commemorations at the Cenotaph in Whitehall. Last month it was announced by Buckingham Palace that Queen Elizabeth asked the Prince of Wales, the heir to the throne, to take on the symbolic duty for the country to honor the country’s war dead.
Monday, November 13th 2017 - 09:23 UTC
EU working on a plan for the possible collapse of Brexit negotiations

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.
Monday, November 13th 2017 - 09:14 UTC
Theresa May hosts “business summit” with EU/UK organizations

European business leaders will meet UK Prime Minister Theresa May later on Monday to voice concerns about the future of UK-EU trade. Experts from groups including the CBI and Business-Europe will stress the need for a transitional deal that preserves the status quo after Brexit.
Monday, November 13th 2017 - 08:43 UTC
EU and Mercosur “very close” to reaching an accord, says top European official

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.
Monday, November 13th 2017 - 08:30 UTC
IMF mission praises Macri's reforms but warns on inflation and budget deficit

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.