Economy

Wednesday, October 23rd 2019 - 09:28 UTC
EC's Tusk will recommend EU leaders to grant a Brexit extension

European Council President Donald Tusk said on Tuesday he will recommend EU leaders grant another Brexit extension, hours after British MPs rejected Prime Minister Boris Johnson's bid to force his divorce deal through parliament this week.
Tuesday, October 22nd 2019 - 12:12 UTC
How has the US-China trade war affected forex?

There are many factors that affect the value of currencies and influence the flow of foreign exchange, but few have a more significant impact than a trade war.
Tuesday, October 22nd 2019 - 09:50 UTC
Argentine central bank has lost some US$ 19.500 million in reserves since 11 August

Argentine central bank international reserves stand at US$ 46.885 million following on Monday's rescue of different maturing bonds and support in the local market to help stabilize the price of the US dollar. This demanded some US$ 600 million.
Tuesday, October 22nd 2019 - 09:44 UTC
Another Brexit vote this Tuesday; Speaker Bercow shot down Johnson's Monday attempt

British Prime Minister Boris Johnson brushed aside yet another Brexit setback on Monday and sought again to ram through his EU divorce deal in time for next week's deadline. House of Commons speaker John Bercow shot down Johnson's second attempt on Monday to get MPs to sign off on his revised EU withdrawal terms.
Tuesday, October 22nd 2019 - 09:30 UTC
Trump optimistic a partial trade deal with China will be signed next month

US President Donald Trump on Monday said progress in developing the text of a partial trade pact with China means he will likely be able to sign it next month. Trump remains upbeat on the chances Beijing and Washington will seal the mini-deal he announced earlier this month - marking a cooling-off period in the two nations' damaging trade war.
Tuesday, October 22nd 2019 - 09:20 UTC
Trump claims being president has cost him several billions if he had kept to his businesses

US President Donald Trump said on Monday that being president has cost him between US$2 billion and US$5 billion that he would have made if he had continued running his business instead of getting into politics, a claim unsupported by evidence.
Monday, October 21st 2019 - 09:41 UTC
Sunday Times reports EU will delay Brexit to February if deal is not passed by Parliament

The Sunday Times has reported that the European Union will delay Brexit until February 2020 if Prime Minister Boris Johnson is unable to get his deal past parliament this week.
Monday, October 21st 2019 - 05:53 UTC
Yuan at appropriate level says China, furious with IMF over quotas adjustments

China's top central banker said on Saturday that potential escalation of trade tensions and policy uncertainty were the major risk factors facing the world economy, and market forces were keeping China's Yuan at an appropriate level.
Sunday, October 20th 2019 - 10:50 UTC
Lagarde tells Trump and world leaders to act like grownups in trade conflicts

Former IMF chief Christine Lagarde said President Donald Trump's trade offensive against China could slash global economic growth and she critiqued his Twitter habits in an interview with US television program 60 Minutes.
Saturday, October 19th 2019 - 23:41 UTC
Parliament conditions PM Johnson's Brexit deal forcing another vote on Monday

Parliament has been sitting on a Saturday for the first time in 37 years to debate and vote on Boris Johnson's Brexit deal. MPs have supported a motion tabled by Independent MP Sir Oliver Letwin that “withholds approval” for Boris Johnson's Brexit deal until legislation implementing it has been passed.