Economy

• Monday, August 5th 2019 - 09:00 UTC

  HSBC CEO steps down, “by mutual agreement”; search for a replacement has started

  

  The chief executive of HSBC has stepped down after the bank said it needed a change in leadership to address a “challenging global environment”. John Flint is giving up the role he has held for a year and a half “by mutual agreement with the board”.

• Sunday, August 4th 2019 - 17:40 UTC

  Bolivian exporters face new conditions to ship through the Chilean port of Arica

  

  The Arica Port Company (EPA) will start applying new tariffs as of Monday to Bolivian commerce, in accordance to the Service Manual in force since 2013, it was announced.

• Saturday, August 3rd 2019 - 17:07 UTC

  Bulgaria's Kristalina Georgieva, EU's candidate for IMF chief

  

  Known for rolling up her sleeves, Bulgaria's Kristalina Georgieva has been lauded as the life of the party, as well as for her tenacity. The guitar-playing environmental specialist, who was nominated on Friday as the EU's candidate to head the International Monetary Fund (IMF).

• Saturday, August 3rd 2019 - 07:30 UTC

  China bows to fight back Trump's tariffs: “if they want to fight, then we will fight”

  

  China on Friday vowed to fight back against US President Donald Trump's abrupt decision to slap 10% tariffs on the remaining US$300 billion in Chinese imports, a move that ended a month-long trade truce.

• Saturday, August 3rd 2019 - 07:19 UTC

  S&P retained its 'B' rating for Argentine debt

  

  Standard & Poor's (S&P) confirmed it would maintain its 'B' rating for Argentine debt, highlighting that the president Mauricio Macri administration was continuing to meet the goals laid out by the International Monetary Fund (IMF) as part of the huge credit line agreed last year.

• Friday, August 2nd 2019 - 19:20 UTC

  Brazil agrees to review secret Itaipu deal that nearly cost Paraguay's President Abdo his job

  

  Brazilian President Jair Bolsonaro said he was open to reviewing the controversial recent energy agreement with Paraguay, which cost dignataries from the latter country their jobs and left President Mario Abdo Benitez on the brink of impeachment.

• Friday, August 2nd 2019 - 09:54 UTC

  Brazil already engaged in trade talks with United States, says minister Guedes

  

  Brazil has begun negotiating a trade agreement with the United States, the South American country’s economy minister said, kicking off knotty talks between longstanding competitors whose leaders want closer commercial ties.

• Friday, August 2nd 2019 - 09:50 UTC

  UK's pro-EU Liberals win seat in by election; Johnson's majority ever so frigale

  

  Britain's pro-European Union Liberal Democrats won the parliamentary seat of Brecon and Radnorshire from the governing Conservatives on Friday, a blow to Prime Minister Boris Johnson in his first electoral test since taking office. The vote was triggered when Conservative lawmaker Chris Davies was ousted by a petition of constituents after being convicted of falsifying expenses.

• Friday, August 2nd 2019 - 09:46 UTC

  US business lobbies warn extra tariffs will hurt American consumers

  

  President Donald Trump's threat to impose 10% tariffs on the remaining US$300 billion of Chinese imports from Sept. 1 will hurt consumer purchases, raise prices further and limit hiring, four large retail trade groups warned on Thursday.

• Friday, August 2nd 2019 - 09:43 UTC

  Trump slaps additional 10% punitive tariff on US$ 300 billion of Chinese goods

  

  President Donald Trump announced on Thursday he will hit China with punitive tariffs on another US$300 billion in goods, escalating the trade war after accusing Beijing of reneging on more promises.