Economy

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.
Friday, November 1st 2019 - 09:58 UTC
Argentina imposes more money exchange restrictions to defend reserves

Argentina’s central bank is setting a price floor under the volatile peso in hopes to avoid a sharp plunge in the currency after an opposition-won presidential election last Sunday shifted the country firmly back to the left.
Friday, November 1st 2019 - 09:52 UTC
US expects Argentina to uphold its commitments to IMF, Mnuchin said

The United States expects Argentina’s incoming Peronist government to uphold the country’s commitment to the terms of its US$ 57 billion International Monetary Fund loan program, U.S. Treasury Secretary Steven Mnuchin said.
Friday, November 1st 2019 - 09:40 UTC
Falklands' catches for calamari squid and hake have risen sustainedly

Falkland Islands' catches for calamari squid and hake have risen substantially over five years. Statistics were outlined at Legislative Assembly on Thursday.
Friday, November 1st 2019 - 09:24 UTC
What happens to the United Kingdom now?

By Chris Patten – Even after the United Kingdom leaves the European Union, the country will face years of talks in which it will be negotiating from a position of weakness. The UK will be less prosperous and influential than before and will be under increasing internal strain because of policies driven by malignant English nationalism.
Thursday, October 31st 2019 - 09:49 UTC
Brazil cuts benchmark interest rate to an all time low of 5%; inflation running below target

Brazil's central bank cut its benchmark interest rate to a new all-time low of 5.00% on Wednesday as expected, but signaled that further easing may be less aggressive than it has been in recent months, despite inflation running well below target.
Thursday, October 31st 2019 - 09:01 UTC
Fed lowers benchmark by a quarter point: third cut in four months

The US central bank has cut interest rates again, hoping to shield the economy from the impact of trade wars and a global slowdown. The Federal Reserve lowered the target for its benchmark rate by a quarter-point, to a range of 1.5% to 1.75%. The move was the third cut in four months.