Economy

Wednesday, November 6th 2019 - 09:22 UTC
US crude stockpiles glut forces oil prices down

Oil prices dropped on Wednesday after industry data showed a larger-than-expected build-up in U.S. crude stockpiles, but expectations for an easing of trade tensions between the United State and China capped losses.
Wednesday, November 6th 2019 - 09:10 UTC
China will resume imports of Canadian beef and pork, PM Trudeau announces

China has agreed to resume imports of Canadian beef and pork, Prime Minister Justin Trudeau announced on Tuesday, signaling a breakthrough in their tense relations.
Tuesday, November 5th 2019 - 20:37 UTC
Google data center project in Uruguay under way

Google plans to build a data centre for storage and server management within Uruguay's Science Park in the Canelones area, it was announced. It will be Google's second such facility in Latin America, the other one being in Chile.
Tuesday, November 5th 2019 - 09:46 UTC
Bolsonaro's new measures to tackle budget deficit face a reluctant Congress

Brazilian President Jair Bolsonaro will try to build momentum for his government's market-friendly reforms on Tuesday, proposing new measures to tackle a budget deficit that are likely to be met with skepticism among lawmakers.
Tuesday, November 5th 2019 - 09:36 UTC
Xi calls on the world “to tear down the walls” of protectionism and unilateralism

President Xi Jinping on Tuesday pledged to further open China's economy, declaring the world must “tear down walls” as he opened an annual trade fair in Shanghai.
Monday, November 4th 2019 - 09:52 UTC
Tatham Jr. optimistic about Brexit and a future UK/US trade deal

The Brexit mess finally will clear, one way or the other, and when it does, big Chicago exporters such as Boeing and Abbott Labs and their peers from around the country will be able to focus on the benefits of doing business with the United Kingdom.
Monday, November 4th 2019 - 09:25 UTC
Saudi Arabia seeks to diversify economy, floats oil giant Aramco in search of funds

Saudi Arabia's giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world's biggest listing as the kingdom seeks to diversify its economy away from oil.
Saturday, November 2nd 2019 - 09:50 UTC
Privatized services plus health, education and pension's costs, the right blend for Chile's social explosion

It is not poverty that is driving Chile's middle class into the streets to join massive protests: it is debt, brought on by sky-high private health and education costs that have created an economic fragility many find unbearable.
Saturday, November 2nd 2019 - 09:23 UTC
Trump certain an “angry majority” of American voters support him against impeachment inquiry

President Donald Trump said on Friday he believed an “angry majority” of American voters will support him against an impeachment inquiry as he sought to rally his supporters to voice their opposition to the Democratic attempt to oust him.
Friday, November 1st 2019 - 09:59 UTC
Argentina: official transition with incoming administration takes off next week

Argentina's official transition in anticipation of 10 December when elected president Alberto Fernandez takes office, is scheduled to begin next Wednesday when Fernandez returns from his first overseas trip to Mexico.