Economy

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.
Friday, January 10th 2020 - 09:57 UTC
“Brexit done”: UK lawmakers vote 330/231 to leave the European Union on January 31

Lawmakers approved legislation on Thursday which will allow Britain to leave the European Union on Jan 31 with an exit deal, ending more than three years of tumult over the terms of the unprecedented divorce.They voted 330 to 231 in favour of the European Union (Withdrawal Agreement) Bill, which implements an exit deal agreed with the EU last year.
Friday, January 10th 2020 - 09:57 UTC
Buenos Aires province US$ 227 million debt payment on Jan 26, a major test for creditors

Argentina's debt talks will face their first big test this month with a US$ 277-million payment due on a Buenos Aires provincial bond, seen as a gauge of how the indebted nation's new government will handle its creditors.
Friday, January 10th 2020 - 09:53 UTC
Mercosur summit in Paraguay will address a review of the external tariff

The upcoming Summit of Heads of State of the Southern Common Market Mercosur, to be held in late June or early July this year, will be held in Encarnacion, capital of Itapúa Department, Paraguay.
Friday, January 10th 2020 - 09:52 UTC
US/China second phase trade negotiations results after presidential election, Trump warns

Negotiations for the second phase of a pending US-China trade deal will begin promptly but the outcome may wait until after this year's elections, President Donald Trump said on Thursday.
Friday, January 10th 2020 - 09:50 UTC
Fed members confident about the US economy in 2020: headwinds abating

The global trade wars may not be over, but U.S. Federal Reserve officials on Thursday said the economy may have weathered the worst of it as risks begin to ease and businesses adjust to a new trade environment.
Friday, January 10th 2020 - 09:40 UTC
Brazilian industrial production surprise slump in November

Brazilian industrial production slumped in November after rising for three consecutive months, marking the weakest performance for the month in four years, the government statistics agency IBGE said on Thursday.