Economy

• Tuesday, January 14th 2020 - 09:50 UTC

  Money markets react to US decision reversing China as a currency manipulator

  

  The Yen plumbed an eight-month low while the Yuan climbed to its highest level since July on Tuesday after the U.S. Treasury Department reversed its decision in August to designate China as a currency manipulator.

• Monday, January 13th 2020 - 09:57 UTC

  Argentina pledges to review the 30% “tourism tax” situation in 180 days

  

  Argentina’s Tourism Minister has committed to reviewing a 30% “tourism tax” applied when travelers from the country pay for goods and services abroad in U.S. dollars, Uruguayan President Tabare Vazquez told local news portal Infobae.

• Monday, January 13th 2020 - 09:37 UTC

  Argentine farmers increased forward selling of soybeans to avoid higher export taxes

  

  Argentina farmers increased the forward selling of soybeans in the last four months of 2019 in an effort to avoid higher export taxes that are now in effect, according to a Global Agricultural Information Network report from the U.S. Department of Agriculture.

• Monday, January 13th 2020 - 09:30 UTC

  Argentine president puts a deadline to renegotiates public debt: March 31

  

  President Alberto Fernandez said he has set a March 31 deadline to renegotiate Argentina’s rampant public debt and that a more “innovative” International Monetary Fund approves of the direction his government is taking.

• Monday, January 13th 2020 - 09:28 UTC

  Argentine finance minister confident the sovereign debt situation will be resolved

  

  Argentina’s new government is working “nonstop” to resolve its sovereign debt crisis, the country’s Economy Minister Martin Guzman said, a month after center-left Peronist President Alberto Fernandez took office.

• Monday, January 13th 2020 - 09:07 UTC

  Beijing will not change its position despite Taiwan's president landslide election victory; threats from Xinhua news agency

  

  China will not change its position that Taiwan belongs to it, Beijing said on Sunday, after President Tsai Ing-wen won re-election and said she would not submit to China’s threats, as state media warned she was courting disaster.

• Monday, January 13th 2020 - 08:42 UTC

  All ready to sign US/China Phase 1 trade deal, following lengthy translation process

  

  China's commitments in the Phase 1 trade deal with the United States were not changed during a lengthy translation process and will be released this week as the document is signed in Washington, US Treasury Secretary Steven Mnuchin said on Sunday.

• Saturday, January 11th 2020 - 09:51 UTC

  Boris Johnson tells EC president it will insist on “maintaining control of UK fishing waters”

  

  UK Prime Minister Boris Johnson told European Commission president Ursula von der Leyen that Britain would insist on “maintaining control of UK fishing waters” after it leaves the EU, setting up a big clash with Brussels as the two sides prepare for testing negotiations after Brexit.

• Saturday, January 11th 2020 - 09:50 UTC

  Trump sharply reduces flights to Cuba “to impede the regime gaining access to hard currency”

  

  The United States on Friday sharply reduced flights allowed to go to Cuba in a bid to reduce revenue to the communist island. Secretary of State Mike Pompeo said that charter flights would only be allowed to fly to Havana, not other airports - a step already taken with commercial flights.

• Saturday, January 11th 2020 - 09:46 UTC

  US imposes more sanctions on Iran in retaliation for missile attack on its bases

  

  The United States imposed more sanctions on Iran on Friday in retaliation for its missile attack on US forces in Iraq this week and vowed to tighten the economic screws if Tehran continued “terrorist” acts or pursued a nuclear bomb.