Economy

• Saturday, March 5th 2022 - 09:50 UTC

  Covid-19 measures and real estate debt are slowing economic growth, admits Beijing

  

  China finally admits that the economy has suffered because of Covid 19 measures and the crackdown on real estate debt, and is this new “volatile, grave and uncertain” environment, the growth target has been lowered to “around 5,5%”.

• Saturday, March 5th 2022 - 09:24 UTC

  Business Officer for the Falkland Islands Development Corporation

  

  The Falkland Islands Development Corporation. FIDC has announced the appointment of their new Business Engagement Officer, Jane Clarke, who took up this exciting new position on the 1st of March.

• Thursday, March 3rd 2022 - 09:55 UTC

  IMF deal draft due at Argentine Congress Thursday

  

  Argentina's Finance Ministry looked all set Wednesday to send over to Congress the intended deal with the International Monetary Fund (IMF), it was reported. But it was still unclear how things would play out since the ruling Frente de Todos does not have an absolute majority in either House.

• Thursday, March 3rd 2022 - 09:54 UTC

  Financial rescue for embattled Ukraine from IMF and World Bank

  

  The World Bank Group announced on Wednesday that it had stopped all its programs in Russia and Belarus, with immediate effect, as a result of the Russian invasion of Ukraine and hostilities against the people of Ukraine.

• Wednesday, March 2nd 2022 - 09:55 UTC

  Argentine president says IMF deal being fine-tuned

  

  Argentine President Alberto Fernández Tuesday said his country was still fine-tuning details of an agreement with The International Monetary Fund (IMF) regarding the repayment of a US $ 44 bn loan taken during the Mauricio Macri administration.

• Wednesday, March 2nd 2022 - 09:36 UTC

  US and allies agree to release 60 million barrels of their oil reserves

  

  The United States and allies will be releasing 60 million barrels from their reserves, in an effort to contain the effect on supply and prices of the Russian invasion of Ukraine. Thirty million will come from the US Strategic Petroleum Reserve and the other half from allies in Europe and Asia.

• Wednesday, March 2nd 2022 - 07:07 UTC

  Nord Stream 2 pipeline builder files for insolvency and leaves staff redundant

  

  The Swiss company that built the Nord Stream 2 pipeline, supposed to double the Russian gas supply to Germany, has filed for insolvency and left redundant all its staff, according to Swiss radio SRF. The US$ 11bn pipeline, which runs between Russia and Germany, was completed last September and waiting for final approval from German authorities, but was put on hold following the Russian invasion of Ukraine.

• Tuesday, March 1st 2022 - 09:49 UTC

  “China does not agree with unilateral sanctions that lack the basis of international law”, foreign ministry spokesperson

  

  China's foreign ministry spokesperson during the daily media conference called for an end to the Cold War mentality and emphasized that Beijing does not agree to resolve issues with sanctions that lack the basis of international law.

• Tuesday, March 1st 2022 - 09:15 UTC

  What will happen in the world wheat market if the Russia/Ukraine conflict is not over by June

  

  The Russian invasion of Ukraine has also caused major disruptions in the agricultural commodities' markets with soaring prices for wheat, corn, soybeans... and much speculation.

• Monday, February 28th 2022 - 20:17 UTC

  Interannual sales of motor vehicles fall in Argentina and Brazil

  

  Vehicle sales slumped the most in Argentina and Brazil of all Latin American countries during January, according to a report with data for ten nations in the region.