Economy

Friday, December 27th 2019 - 09:35 UTC
Top EU official writes a “love letter” to Britain, stressing “you will always be welcome to come back”

A top Brussels official has written a “love letter” to Britain expressing his grief at its decision to leave the European Union - and stressing it was always welcome back.
Friday, December 27th 2019 - 09:15 UTC
US stock markets at record highs on gains by tech giants

The tech-rich Nasdaq finished above 9,000 for the first time on Thursday, powering to its 10th straight record on gains by Amazon and other tech giants. The Nasdaq surged 69.51 points (0.78 percent) to finish the post-holiday session at 9,022.39.
Thursday, December 26th 2019 - 12:20 UTC
In a public release Piñera tells president Fernandez MYOB, abstain from comments on Chilean domestic policy

In a formal public release, the Chilean Foreign office demanded that Argentine president Alberto Fernandez avoid making comments about the internal affairs of the country, following Fernandez statements during a television interview that the international community was not so critical of Chile as it is of Venezuela.
Tuesday, December 24th 2019 - 09:59 UTC
Beijing pledges to purchase US$ 40bn of US agricultural products per year

China will make good on a pledge to purchase more than US$40 billion per year of U.S. agricultural products under the recently agreed Phase 1 trade deal between the two countries, China’s top agriculture consultancy said on Friday.
Tuesday, December 24th 2019 - 09:22 UTC
PM Boris Johnson in his message calls on Britons “not to have many arguments” over Christmas

British Prime Minister Boris Johnson urged the public on Monday “not to have too many arguments” over Christmas in a festive message in which he managed to avoid the word Brexit.
Tuesday, December 24th 2019 - 08:53 UTC
Wall Street stocks Xmas records: Dow Jones Industrial Average reached 28,551.53

Wall Street stocks finished at records again on Monday, with an executive shakeup at Boeing lifting the Dow, as a holiday-shortened week opened with a flourish. The Dow Jones Industrial Average climbed 96.44 points (0.34 percent) to finish the last full session before Christmas at 28,551.53.
Monday, December 23rd 2019 - 23:06 UTC
Trump invites Johnson to the White House, but the impeachment and Brexit could delay potential dates

U.S. President Donald Trump has invited British Prime Minister Boris Johnson to visit him in the White House in the new year, British media reported on Sunday. Trump’s invitation was made after the British prime minister’s election win this month, The Sunday Times newspaper reported. Britain wants to strike a new trade deal with the United States after it leaves the European Union at the end of January.
Monday, December 23rd 2019 - 10:35 UTC
Argentine individuals and corporations hold some 322.3 billion dollars outside the domestic financial system

Argentines ever so suspicious of their currency and so fully confident in the all mighty US dollar, they have some US$ 322 billion hidden in the “mattress”, which means mostly overseas in bonds, shares, real estate, according to the latest figures released by the country's stats office, Indec.
Monday, December 23rd 2019 - 08:40 UTC
Bank of England leaves interest rates on hold, but ready to cut over global and Brexit uncertainties

The Bank of England has kept interest rates on hold at 0.75% but indicated it may cut the cost of borrowing if global economic growth fails to recover or Brexit uncertainties persist. It said the UK economy was expected to pick up from its current weakness.
Saturday, December 21st 2019 - 11:07 UTC
Argentina appoints team for talks with creditors to renegotiate massive sovereign debt

Argentina appointed a government team to kick off talks with creditors to renegotiate about US$100 billion in sovereign debt as the new center-left administration of President Alberto Fernandez postponed payments on some of its short-term debt.