Stories for August 2018

Thursday, August 23rd 2018 - 09:06 UTC
Opinion polls confirm Lula's popularity and rattles markets

The popularity of imprisoned former Brazilian president Lula da Silva has grown strongly despite his corruption conviction, an election poll on Wednesday showed, a result that rattled markets and raised the possibility that Lula’s running mate could ultimately become the next occupant of the country’s presidential palace.
Thursday, August 23rd 2018 - 09:02 UTC
Labour leader Corbyn to propose tax on tech giants to pay for public interest journalism

A windfall tax could be levied on tech giants such as Google, Amazon and Facebook to pay for public interest journalism, Jeremy Corbyn is expected to announce. The Labour leader will call for radical reform of the media landscape in a speech at the Edinburgh TV Festival.
Thursday, August 23rd 2018 - 08:58 UTC
Argentine trade deficit in seven months climbs to US$ 5.9 billion

Argentina posted a trade deficit of US$789 million in July, government statistics agency Indec said on Wednesday, compared with a deficit of US$ 359 million in June and a deficit of US$ 748 million in July 2017.
Thursday, August 23rd 2018 - 08:52 UTC
Federal Reserve ready to raise interest rates, according to minutes

United States Federal Reserve officials discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the U.S. central bank’s last policy meeting showed.
Thursday, August 23rd 2018 - 08:48 UTC
Chile's GDP in the second quarter grew 5.3%

Chile's gross domestic product grew 5.3% in the second-quarter of 2018 compared with a year earlier, its biggest jump in nearly six years, the central bank said this week.
Thursday, August 23rd 2018 - 08:45 UTC
Brazil forecasted to expand soybean acreage to a new record

Brazilian farmers were forecast to expand the country’s soybean planted area for the 12th consecutive year amid strong demand from Asia and in spite of risks related to the exchange rate and higher freight costs. Brazil is likely to expand the area to a record 36.28 million hectares this season, which farmers will start planting around September, a 3.2% expansion from the previous cycle based on government data.
Thursday, August 23rd 2018 - 08:40 UTC
Scotland urges London to rule out a “deeply damaging and disruptive” no deal Brexit

Scotland's Brexit secretary has urged the UK government to rule out a “no deal Brexit”, arguing that it would be “deeply damaging and disruptive”. Michael Russell was speaking ahead of a major speech by his UK government counterpart Dominic Raab.
Thursday, August 23rd 2018 - 08:33 UTC
First container vessel attempting the melting Arctic sea route north of Russia

Danish vessel setting sail from Vladivostok this week is set to become the first container ship to tackle the Arctic sea route north of Russia. The Venta Maersk, owned by Maersk Line, and carrying 3,600 containers, hopes to reach St Petersburg by late September. That could be up to 14 days faster than the southern route via the Suez Canal.
Thursday, August 23rd 2018 - 08:21 UTC
Despite trade talks, US and China will impose fresh tariffs beginning Thursday

United States and China are expected to impose fresh tariffs on US$ 16bn of each other's goods on Thursday as their tit-for-tat trade war rages on. The second round of tariffs will see a total of US$ 50bn worth of goods from each side that will now be taxed. Since the opening salvo in July, tensions between the world's two largest economies have escalated, hurting their companies and economies.
Thursday, August 23rd 2018 - 08:05 UTC
Argentina rolling over short term debt into longer duration Treasury notes

Argentina sold US$2.1 billion in three and six-month treasury notes, the Treasury Ministry said on Wednesday, as it seeks to direct investors away from shorter-term central bank debt and into longer duration instruments. The amount sold represented more than double the US$ 1 billion in dollar-denominated treasury notes that mature on Friday.