Economy

Monday, October 21st 2019 - 09:41 UTC
Sunday Times reports EU will delay Brexit to February if deal is not passed by Parliament

The Sunday Times has reported that the European Union will delay Brexit until February 2020 if Prime Minister Boris Johnson is unable to get his deal past parliament this week.
Monday, October 21st 2019 - 05:53 UTC
Yuan at appropriate level says China, furious with IMF over quotas adjustments

China's top central banker said on Saturday that potential escalation of trade tensions and policy uncertainty were the major risk factors facing the world economy, and market forces were keeping China's Yuan at an appropriate level.
Sunday, October 20th 2019 - 10:50 UTC
Lagarde tells Trump and world leaders to act like grownups in trade conflicts

Former IMF chief Christine Lagarde said President Donald Trump's trade offensive against China could slash global economic growth and she critiqued his Twitter habits in an interview with US television program 60 Minutes.
Saturday, October 19th 2019 - 23:41 UTC
Parliament conditions PM Johnson's Brexit deal forcing another vote on Monday

Parliament has been sitting on a Saturday for the first time in 37 years to debate and vote on Boris Johnson's Brexit deal. MPs have supported a motion tabled by Independent MP Sir Oliver Letwin that “withholds approval” for Boris Johnson's Brexit deal until legislation implementing it has been passed.
Friday, October 18th 2019 - 17:41 UTC
Thousands of Spanish jobs depend on the Falkland Islands fishery

The close links between the Falkland Islands and the Galician fishing and shipbuilding industries were outlined by James Bates, Executive Secretary of the Falkland Islands Fishing Companies Association, (FIFCA), who recently attended the Conxemar 2019, in Vigo, Galicia, the largest frozen seafood exhibition in Europe after Brussels.
Friday, October 18th 2019 - 10:58 UTC
Johnson strikes a deal with EU, but he still has to convince a reluctant Parliament

British Prime Minister Boris Johnson will this Friday seek to sell his Brexit deal to skeptical MPs, as he returns home fresh from an EU victory but risking defeat in parliament. Johnson pulled off a major coup in agreeing a new divorce deal with the European Union leader, paving the way for him to deliver his promise to leave the bloc on Oct 31.
Friday, October 18th 2019 - 10:55 UTC
New IMF chief pledges full support for Argentina, but will wait for election results

The International Monetary Fund will stand by Argentina as it works through its economic crisis, Managing Director Kristalina Georgieva said on Thursday. She added that the Fund was waiting to see the future policy framework adopted by Argentina, which holds an election later this month in which a change of government is widely predicted.
Friday, October 18th 2019 - 10:35 UTC
Trump's latest surprise: he will host the G7 economic summit at his Florida golf resort

U.S. President Donald Trump will host next year’s Group of Seven economic summit of leaders of developed nations at his Florida golf resort, a move Democrats and others decried as more evidence of the president misusing his office for personal gain.
Friday, October 18th 2019 - 10:25 UTC
China's economy grows at its slowest rate in three decades in the third quarter

China's economy expanded at its slowest rate in nearly three decades in the third quarter, hit by cooling domestic demand and a protracted US trade war, official data showed on Friday.
Friday, October 18th 2019 - 09:38 UTC
Credit Suisse will charge wealthy clients with large cash deposits

Credit Suisse will start charging wealthy clients with large cash deposits in Swiss francs, the latest Swiss bank to pass on negative interest rates to customers. Individual and business customers will be charged a rate of -0.75per cent on cash balances above 2 million Swiss francs (US$2.02 million), Switzerland's second-biggest lender said. Balances of less than 2 million francs will be unaffected.