Economy

• Tuesday, September 10th 2019 - 09:16 UTC

  Another lady, Kristalina Georgieva, will become the IMF managing director

  

  The top executive at the World Bank, Kristalina Georgieva of Bulgaria, now faces no opposition in her candidacy to lead the International Monetary Fund, the fund announced on Monday.

• Tuesday, September 10th 2019 - 09:00 UTC

  House speaker makes it official: Berkow stepping down after ten years on Oct. 31

  

  John Bercow, the speaker of Britain's House of Commons, officially announced on Monday that he would step down within weeks, amid criticism by Brexit hardliners who say he has twisted parliamentary rules to undermine them.

• Monday, September 9th 2019 - 09:58 UTC

  Argentine presidential candidate proposes “a national unity government”: 'option can't be bad or worse'

  

  Argentine presidential candidate and ex Economy minister Roberto Lavagna said that the country needs “a national unity government” to overcome the current situation and it's no option having to choose between “bad and worse”.

• Monday, September 9th 2019 - 09:57 UTC

  Another week of uncertainties begins in Argentine markets

  

  Another volatile week with still many uncertainties begins this Monday for Argentina even when some of the latest measures adopted by the administration of President Mauricio Macri helped to calm markets, debilitating apocalyptic forecasts.

• Monday, September 9th 2019 - 09:45 UTC

  OPEC+ wants to further cut output to support oil price, but admits it no longer controls the market

  

  Top oil producers will consider fresh output cuts at a meeting this week, but analysts are doubtful they will succeed in bolstering crude prices dented by the US-China trade war.

• Monday, September 9th 2019 - 09:25 UTC

  London losing ground in shipping services, says PwC report for Maritime London pointing to Brexit and taxes

  

  Britain's position as a top hub for maritime services is being eroded by competition, a loss of shipping finance business and the removal of tycoon-friendly tax breaks, a report said, deepening uncertainty for its financial sector as Brexit nears.

• Monday, September 9th 2019 - 09:16 UTC

  China beginning to feel the pinch of the trade war with US

  

  China's exports fell by 1.0 per cent on-year in August, official data showed Sunday amid a bruising trade war with the US that has roiled markets in the world's top two economies. The drop comes after a surprise 3.3% rebound in July despite the yearlong battle with Washington and weakening global demand.

• Saturday, September 7th 2019 - 09:42 UTC

  Argentine markets end the week appeased but storm clouds persist

  

  Argentine markets ended the week on a high after capital controls helped arrest a sharp plunge in the peso currency and local bond prices, but investors said the outlook remained shaky amid swirling political and financial uncertainty.

• Saturday, September 7th 2019 - 09:25 UTC

  Argentina and Brazil sign auto industry increased integration agreement

  

  Brazil and Argentina renewed their auto trade agreement on Friday, allowing increased Brazilian exports to its neighbor through 2029 but postponing free trade in motor vehicles between the countries for the next decade.

• Saturday, September 7th 2019 - 08:38 UTC

  Brazilian minister prepared to sell all “dysfunctional” state owned companies

  

  Brazil’s Economy Minister Paulo Guedes said he will propose selling all the country’s state-owned companies because they are “dysfunctional” and should be privatized to improve the government’s finances.