Stories for 2018

Friday, September 21st 2018 - 08:35 UTC
US/Beijing trade war: China plans to reduce tariff rates on imports next October, reports Bloomberg

China plans to reduce the average tariff rate on imports from most of its trading partners as soon as October, Bloomberg News reported on Thursday. In July, China cut import tariffs on almost 1,500 consumer products ranging from cosmetics to home appliances as part of efforts to open up its economy, the world’s second biggest.
Friday, September 21st 2018 - 08:31 UTC
Argentina/IMF making “important progress” on reforms for loan package, but no specific timeline

Argentina's budget proposal submitted this week is a key element in the reforms needed for a new loan package for the crisis-hit country, an International Monetary Fund spokesman said Thursday.
Friday, September 21st 2018 - 08:24 UTC
Argentine stock market booming with new highs for seventh day running

The Argentine stock market is booming and on Thursday confirmed its seventh day running increase as investors are flocking encouraged by an imminent accord between the president Mauricio Macri administration and the IMF for a new loan package including reforms and a balanced budget in the next 18/24 months.
Friday, September 21st 2018 - 08:21 UTC
Peruvian congress renews confidence in cabinet of president Vizcarra

Peru’s opposition-run Congress renewed its confidence in the cabinet of President Martin Vizcarra on Wednesday, averting a political crisis that could have forced new legislative elections.
Thursday, September 20th 2018 - 08:42 UTC
WTO deeply concerned with US/China trade dispute: both sides have “significant” ammunition

The trade dispute between the United States and China could well expand into other areas given the significant “ammunition” the two countries have, the director-general of the World Trade Organization (WTO) said on Wednesday.
Thursday, September 20th 2018 - 08:37 UTC
Brazil leaves interest rates unchanged, as long as inflation remains in target range

The Brazilian central bank on Wednesday held interest rates at an all-time low despite a currency selloff, as widely anticipated, but said it could “gradually” raise them in the future if inflation expectations spike.
Thursday, September 20th 2018 - 08:32 UTC
US supplants Brazil as leading supplier of soybeans to the European Union

The United States has supplanted Brazil as the European Union's top supplier of soybeans since a deal in July with President Donald Trump to avert a trade war, according to EU data seen by Reuters on Thursday.
Thursday, September 20th 2018 - 08:24 UTC
Polite EU 27 plus Theresa May meeting , but Irish border bogs any deal on Brexit

Prime Minister Theresa May appealed directly to fellow European Union leaders on Wednesday to drop “unacceptable” Brexit demands that she said could rip Britain apart, urging the bloc to respond in kind to her “serious and workable” plan.
Thursday, September 20th 2018 - 08:21 UTC
Datafolha poll shows Bolsonaro and Haddad leading ahead of Brazilian election

Far-right candidate Jair Bolsonaro gained ground over his rivals in the first round of Brazil’s presidential election set for Oct. 7, a new poll showed on Thursday, though it remains unclear who he will face in an expected run-off vote on Oct. 28.
Thursday, September 20th 2018 - 08:20 UTC
Shouts for unification of the Korean Peninsula at HWPL's World Peace festival

On September 18th, leaders of the two Koreas have met in Pyongyang, North Korea, for the third meeting for inter-Korean reconciliation. With the international attention focused on the movements of the two leaders, families from around the world expecting the peaceful reunification of the Korean peninsula, further world peace attended a peace festival held in South Korea.