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.
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.
World football’s governing body FIFA is taking temporary control of the Uruguayan Football Association (AUF) due to governance concerns. FIFA, acting on information from Conmebol, South America's football association confederation announced it will set up a “normalization committee” to run the AUF until Feb. 28 of next year.
Venezuela's streets were quieter than normal on Tuesday, as a currency devaluation and package of economic measures by populist president Nicolas Maduro went into effect, and the opposition asked storekeepers to shut up shop in protest. Venezuela on Monday cut five zeros from prices and pegged the country’s currency to an obscure state-backed cryptocurrency, as part of a broad set of measures meant to address hyperinflation and an economic crisis.
It sounds like a tempest in a teapot, but it could bring down Jeremy Corbyn, the leader of Britain’s Labour Party — and that could end up meaning that Britain doesn’t leave the European Union after all.
The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil.
Most emerging market currencies worldwide rallied on Tuesday after U.S. President Donald Trump criticized the head of the Federal Reserve for raising interest rates, while Brazil's Real fell to its lowest in more than two years on political concerns.
Over 41 000 children and adults in the WHO European Region have been infected with measles in the first 6 months of 2018. The total number for this period far exceeds the 12-month totals reported for every other year this decade.
A genetic exploration and sampling project of the Patagonian toothfish in the Argentine-Uruguayan Common Fishing Zone (ZCPAU).has been launched. The project, developed by the company Argenova with its longliner Argenova XIV is being done with the participation of scientists from Argentina's National Institue of Fisheries Research and Development (INIDEP) and with the Estremar company.
The Chief of the Electoral Observation Mission of the Organization of American States (EOM/OAS) to the October 7 general elections in Brazil, the former President of Costa Rica Laura Chinchilla, arrived in Brasilia to learn about the advances made in the organization of the election. This is the first time that the OAS has observed an electoral process in Brazil.