Economy

Monday, September 2nd 2019 - 09:49 UTC
US and China in a new round of additional tariffs; Beijing says Trump behaving as a “school bully”

China and the United States began imposing additional tariffs on each other's goods on Sunday, the latest escalation in a bruising trade war, but U.S. President Donald Trump said the sides would still meet for talks later this month.
Monday, September 2nd 2019 - 08:57 UTC
EU reiterates: no changes to the divorce deal agreed with Britain

EU chief Brexit negotiator Michel Barnier said the bloc will not change the divorce deal agreed with Britain and that he is “not optimistic” of avoiding a no-deal outcome.
Monday, September 2nd 2019 - 08:28 UTC
China posts the Yuan at its weakest since May 2008

China's central bank set its official Yuan midpoint at a fresh 11-and-a-half year low on Monday after Beijing and Washington kicked off new tariffs on each other's goods. However, the guidance rate was stronger than markets had expected for the fifth straight session.
Saturday, August 31st 2019 - 17:54 UTC
The “Amazon fires of uncertainty” in Argentina: can they get worse?

Argentina’s battered bonds were driven still lower on Friday after a credit rating cut from Standard & Poor’s triggered automatic selling mechanisms at big pension funds. Risk spreads blew out to levels not seen since 2005 while the local peso currency extended its year-to-date slide to 36%, forcing renewed central bank market intervention and intensifying worries about Argentina’s ability to honor its dollar-denominated debt.
Saturday, August 31st 2019 - 09:20 UTC
Trump: US economic pressure helping Hong Kong protestors; steeper tariffs on Chinese goods “are on” as of this Sunday

US economic pressure on China was responsible for preventing the authorities from carrying out a harsher crackdown against demonstrators in Hong Kong, US President Donald Trump told reporters on Friday.
Saturday, August 31st 2019 - 08:55 UTC
Factory activity in China shrinks in August for the fourth month running

Factory activity in China shrank in August for the fourth month in a row, official data showed on Saturday, as the United States ramped up tariff pressure and domestic demand remained sluggish.
Saturday, August 31st 2019 - 08:50 UTC
Trump again blasts the Fed over inaction as the Euro slides against the dollar

United States President Donald Trump on Friday accused the U.S. Federal Reserve Bank of inaction as the Euro slid in value against the dollar, something he said gave European countries a big trade advantage.
Friday, August 30th 2019 - 09:58 UTC
S&P declares that Argentina's extension of maturities implies a “selective default”

Credit risk agency Standard & Poors announced on Thursday that it was slashing Argentina’s long-term credit rating another three notches into the deepest area of junk debt, saying the government’s plan to “unilaterally” extend maturities had triggered a brief default.
Friday, August 30th 2019 - 09:55 UTC
No end to uncertainty: Argentine bonds plunge and the country risk soared to 2.276 points

Argentine bond prices fell on Thursday and the country risk soared to levels not seen since 2005 after the government announced plans to extend maturities on an estimated US$ 100bn in debt, raising fear of a full-blown financial crisis.
Friday, August 30th 2019 - 09:50 UTC
Tierra del Fuego protests Falklands display at the coming agricultural show in Uruguay

The extreme south Argentine province of Tierra del Fuego has sent letters to the Foreign Ministry and to the Malvinas, Antarctica and South Atlantic Department expressing concern about a Falkland Islands stand at the British pavilion in the coming international agriculture show in Prado, Montevideo, Uruguay to take place between September 3 and 15.