Economy

Thursday, July 16th 2020 - 06:19 UTC
The eight candidates for the WTO chair begin round of presentations

The eight candidates battling to become the next head of the beleaguered World Trade Organization make their pitches this week, with three days of auditions. The contenders will make 15-minute presentations to the 164 member states' representatives at the WTO headquarters in Geneva, before facing a 75-minute grilling over their plans for the global trade body.
Wednesday, July 15th 2020 - 08:57 UTC
US consumer prices rebounded 0,6% in June; gasoline climbed 12,3% after sliding the previous five months

US consumer prices rebounded by the most in nearly eight years in June, but a resurgence in new COVID-19 cases after the reopening of businesses suggests moderation in demand that could keep inflation muted and allow the Federal Reserve to keep injecting money into the ailing economy.
Wednesday, July 15th 2020 - 08:56 UTC
Ecuador's US$ 17,4bn debt restructuring plan faces divided bondholders

Ecuador’s government will likely have to sweeten its offer to creditors in order to reach an agreement to restructure US$ 17.4 billion in bonds, say analysts. The government’s proposal already has the backing of one group of creditors, holding around half of the bonds and including AllianceBernstein, Ashmore and BlackRock.
Wednesday, July 15th 2020 - 08:38 UTC
Trump not interested “right now” on Phase 2 of trade negotiations with China

United States President Donald Trump on Tuesday shut the door on Phase 2 trade negotiations with China, saying he does not want to talk to Beijing about trade because of the coronavirus pandemic.
Monday, July 13th 2020 - 09:57 UTC
EU ombudsman opened an inquiry into the EU/Mercosur sustainability impact assessment

European Ombudsman Emily O'Reilly has opened an inquiry into why the European Commission did not finalize an updated Sustainability Impact Assessment (SIA) before the conclusion of the Mercosur-EU trade agreement in June 2019.
Monday, July 13th 2020 - 08:47 UTC
Boris Johnson expected to announce staff should return to their working places

British Prime Minister Boris Johnson will tell employers next week to start ordering staff back into their places of work, as long as it is safe to do so, in order to stem the coronavirus hit to the economy, the Daily Mail said.
Saturday, July 11th 2020 - 08:26 UTC
Wall Street stocks jump on Friday after a bull's week, encouraged by reports of a Covid-19 vaccine

Wall Street stocks jumped on Friday with the Nasdaq racing to yet another record as progress on a coronavirus vaccine offset worries about spiking US case levels. The tech-rich Nasdaq Composite Index finished at 10,617.44, up 0.7%, notching its sixth record close in seven sessions.
Saturday, July 11th 2020 - 08:22 UTC
Wall Street will be looking into asset manager BlackRock earnings next week

Investors will watch next week's earnings from BlackRock, the world's largest asset manager, for a snapshot of how the industry performed during the second quarter's dramatic rebound in global financial markets.
Saturday, July 11th 2020 - 08:16 UTC
US announces 25% duties on French products in response to France's digital services tax

The Trump administration on Friday announced additional duties of 25per cent on French cosmetics, handbags and other imports valued at US$1.3 billion in response to France's digital services tax, but would hold off on implementing the move for up to 180 days.
Friday, July 10th 2020 - 08:59 UTC
Two creditor groups not convinced with Argentina's latest offer, but admit it is in the right direction

Argentina’s US$65 billion debt restructuring talks teetered on the edge after two key creditor groups knocked back the country’s latest “final” offer, while the government signaled that there was no room left to improve the terms.