Economy

Monday, October 2nd 2023 - 09:25 UTC
US: Last-minute proposal to avert shutown passed

A last-minute temporary funding measure to prevent the US government from shutting down has been approved by the House of Representatives, it was reported in Washington DC. The measure does not include additional funding for Ukraine or border security, it was also explained.
Monday, October 2nd 2023 - 09:07 UTC
British national living wage is set to increase to £11 an hour from next April, Chancellor Hunt

The British national living wage is set to increase to at least £11 an hour from next April, Chancellor of the Exchequer Jeremy Hunt is expected to confirm this Monday in a speech to the Conservative Party conference. The move will benefit two million of the lowest-paid workers, according to an advance of the speech shown to BBC.
Monday, October 2nd 2023 - 07:11 UTC
Credit Suisse agrees with Mozambique to settle a US$ 1,5bn tuna bonds fraud case

Credit Suisse reached a last-minute settlement with Mozambique on Sunday in a US$1.5-billion (€1.42 billion) bribery and fraud case, its owner UBS was quoted as saying by Bloomberg news agency, a day before a London trial was due to start.
Sunday, October 1st 2023 - 10:25 UTC
Argentine presidential candidate Milei: “Should we dollarize?” or rather “Why should we keep the peso?”

Next 22 October a presidential election will take place in Argentina, South America's second-largest economy and three candidates are competing for the job, Sergio Massa, the incumbent, Patricia Bullrich, from the traditional opposition when two coalitions prevailed in the Argentine political system, and Javier Milei, a declared libertarian, economist, and if published Argentine opinion polls can be trusted, the front runner.
Friday, September 29th 2023 - 09:27 UTC
Trade deal between Paraguay and the United States extended until 2025

Authorities from Paraguay and the United States agreed in Asunción this week to extend until 2025 an agreement in place since 2019 to expedite the exchange, marketing, importation, and exportation of agricultural products.
Friday, September 29th 2023 - 08:50 UTC
Argentina: “Blue” dollar back on the rise

The so-called “blue” (a euphemism for “black market”) US dollar climbed sharply against the Argentine peso on Thursday, reaching a rate of US$ 1 = AR$ 790, it was reported in Buenos Aires. This was the highest rate since August 16, when it reached AR$ 795, and represented an increase of AR$ 43 in three days and AR$ 15 in just one day.
Friday, September 29th 2023 - 08:04 UTC
China's leading property company again in financial trouble: debt of US$ 328 billion

Trading of shares in Chinese property giant Evergrande and its two subsidiaries was suspended in Hong Kong on Thursday. A market statement on the Hong Kong Stock Exchange did not explain why trading in Evergrande Group's securities, and share certificates of Evergrande Property Services Group and Evergrande Electric Vehicle Group was halted.
Wednesday, September 27th 2023 - 09:11 UTC
Biden in Detroit supports and joins striking auto workers union

United States President Joe Biden flew to Detroit on Tuesday where he joined members of the striking United Auto Workers , UAW, union on the picket line. The visit is thought to have been the first time a US president has ever joined striking workers.
Wednesday, September 27th 2023 - 08:55 UTC
New container line linking EU main ports with Brazil, Uruguay and Argentina

ONE (Ocean Network Express) and Cosco Shipping are starting the new LUX container service. This route connects Europe and the Mediterranean with the east coast of South America with weekly stopovers.
Wednesday, September 27th 2023 - 08:39 UTC
China opens its market to Colombia beef; Brazil concerned as export meat prices have fallen considerably

Brazilian meatpacker Minerva said on Monday it had received a notification from Colombia’s government saying that China has approved a sanitary protocol in order to open its market for Colombian beef exports.