Economy

• Thursday, February 27th 2020 - 07:01 UTC

  UNWTO & WHO: Joint Statement on Tourism and Coronavirus COVID-19

  

  As the current outbreak of the Coronavirus Disease (COVID-19) continues to develop, the World Health Organization (WHO) and the World Tourism Organization (UNWTO) are committed to working together in guiding the travel and tourism sectors’ response to COVID-19.

• Wednesday, February 26th 2020 - 09:38 UTC

  Sour relations: EU ministers warn London must respect treaty that eased terms of Brexit

  

  EU ministers gathering on Tuesday to adopt a joint negotiating stance on future ties with Britain warned London it must first respect a treaty struck last year that eased the terms of its Brexit. They also stressed that mirroring EU standards will be crucial for British goods to be allowed tariff-free access to the huge European single market.

• Tuesday, February 25th 2020 - 06:40 UTC

  Goldman Sachs facing charges in Malaysia for misleading investors on a US$ 6,5bn bond sale

  

  Three units of Goldman Sachs pleaded not guilty to charges of misleading investors regarding US$6.5 billion in bond sales that the U.S. investment bank helped raise for state fund 1Malaysia Development Berhad (1MDB), Bernama state news agency reported on Monday.

• Monday, February 24th 2020 - 07:59 UTC

  Argentina will allow IMF to inspect its accounts under Article IV consultations

  

  Argentina agreed to start consultations with the International Monetary Fund that could lead to a new financing program, days after the global lender said the country’s debt situation had become “unsustainable”.

• Monday, February 24th 2020 - 07:10 UTC

  Warren Buffett recommends 'shareholder-loyal pit bulls and not cocker spaniels' in corporate America boards

  

  Warren Buffett called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief executive officers, perhaps by reducing their pay and requiring that they buy more stock.

• Monday, February 24th 2020 - 06:53 UTC

  Leading central bankers, UK, EU and Japan, discuss how to reach the 2% inflation elusive target

  

  Central bankers from the United States, Japan and the euro zone meeting in the desert kingdom of Saudi Arabia this weekend had their own shifting sands to cross – those of elusive inflation.

• Monday, February 24th 2020 - 06:38 UTC

  Petrobras workers end three weeks strike, after arbitration call by labor court

  

  Workers at Brazil’s state-owned oil giant Petrobras have ended a strike of nearly three weeks that left the firm scrambling to avoid a drop in production, labor unions said last Friday. Around 21,000 workers — a third of the total workforce — joined the mass walk-out at the start of the month.

• Monday, February 24th 2020 - 06:33 UTC

  Petrobras record profit for 2019, basically on divesting and asset sales

  

  Brazil’s state-run oil firm Petrobras reported last week a record net profit for 2019, thanks to asset sales under its strategy to divest non-core operations and focus on the deepwater pre-salt region offshore Brazil.

• Monday, February 24th 2020 - 06:30 UTC

  US Treasury Secretary welcomes Argentina's talks with IMF on Article IV

  

  U.S. Treasury Secretary Steven Mnuchin on Sunday welcomed Argentina's talks with the International Monetary Fund after the heavily indebted country said it would launch consultations, starting Monday, that could lead to a new funding program.

• Monday, February 24th 2020 - 06:25 UTC

  Argentine beef exports to China fall almost a third in January plus price disputes

  

  Argentine beef exports to its top buyer China fell almost a third in January due to a price dispute with Chinese importers and the effects of a coronavirus outbreak, the head of the country's meat export chamber revealed.