Economy

Saturday, November 9th 2019 - 10:45 UTC
Brexit-era paralysis: Moody's downgrades UK's debt to negative

Moody's on Friday downgraded the outlook for Britain's debt, citing mounting policy challenges amid the Brexit debate. The agency cut the outlook to negative from stable but kept the debt at the investment-grade Aa2.
Friday, November 8th 2019 - 09:22 UTC
UN Assembly condemns “anachronistic” and “inhumane” US embargo on Cuba

The UN General Assembly condemned the nearly 60-year-old US embargo on Cuba on Thursday for the 28th year in a row, calling for an end to it by a vote of 187 to three. Only Israel and Brazil voted with the US against the resolution. Two other US allies -Ukraine and Colombia - abstained.
Friday, November 8th 2019 - 08:52 UTC
China and US agree to roll back tariffs in phases, both sides confirmed

China and the United States have agreed to roll back tariffs on each others' goods as part of the first phase of a trade deal, officials from both sides said on Thursday offering a new sign of progress despite ongoing divisions about the months-long dispute.
Thursday, November 7th 2019 - 09:23 UTC
Brazil's leading bank affected by political instability in Argentina and Chile

Political instability in Argentina and Chile is taking a toll on Itaú Unibanco Holding SA’s businesses beyond its home market of Brazil, Chief Executive Candido Bracher said on Tuesday.
Wednesday, November 6th 2019 - 09:49 UTC
Bolsonaro unveils fiscal reforms and sends bill to privatize Brazil's largest utility, Electrobras

Brazilian President Jair Bolsonaro's government unveiled a bundle of wide-ranging reforms on Tuesday, aimed at cutting spending and reducing the size of the state to drive down its chronic fiscal deficit.
Wednesday, November 6th 2019 - 09:45 UTC
US and China trying to agree where to sign “phase one” of trade deal

The United States and China are working to narrow their differences enough to sign a “phase one” trade deal as early as this month, but suggestions for a signing venue range from Alaska to Greece.
Wednesday, November 6th 2019 - 09:22 UTC
US crude stockpiles glut forces oil prices down

Oil prices dropped on Wednesday after industry data showed a larger-than-expected build-up in U.S. crude stockpiles, but expectations for an easing of trade tensions between the United State and China capped losses.
Wednesday, November 6th 2019 - 09:10 UTC
China will resume imports of Canadian beef and pork, PM Trudeau announces

China has agreed to resume imports of Canadian beef and pork, Prime Minister Justin Trudeau announced on Tuesday, signaling a breakthrough in their tense relations.
Tuesday, November 5th 2019 - 20:37 UTC
Google data center project in Uruguay under way

Google plans to build a data centre for storage and server management within Uruguay's Science Park in the Canelones area, it was announced. It will be Google's second such facility in Latin America, the other one being in Chile.
Tuesday, November 5th 2019 - 09:46 UTC
Bolsonaro's new measures to tackle budget deficit face a reluctant Congress

Brazilian President Jair Bolsonaro will try to build momentum for his government's market-friendly reforms on Tuesday, proposing new measures to tackle a budget deficit that are likely to be met with skepticism among lawmakers.