Economy

Tuesday, June 25th 2019 - 09:51 UTC
The Economist: “In Argentina, the IMF has been neither toxic nor triumphant”

“What good is it to throw a man ten feet of rope if he is drowning in 20 feet of water?” asked Kenneth Rogoff, former chief economist of the IMF, to The Economist 15 years ago. His question still bothers the institution he used to advise.
Tuesday, June 25th 2019 - 09:21 UTC
In an open letter, US super rich want to pay higher taxes

Some of America's richest people are urging US presidential candidates to back a wealth tax on the super-rich to improve inequality and climate change. “America has a moral, ethical and economic responsibility to tax our wealth more,” they said in a letter.
Tuesday, June 25th 2019 - 08:48 UTC
YPF back in the money market issuing US$ 500 million ten year notes

YPF, Argentina’s biggest oil company, sold overseas bonds for the first time in more than a year after a plunge in borrowing costs opened a window of opportunity. The state-owned driller issued US$ 500 million of 10-year, dollar-denominated notes to yield 8.75%.
Tuesday, June 25th 2019 - 08:10 UTC
Boris Johnson's tax proposals questioned by the Institute for Fiscal Studies

Boris Johnson's tax proposals would cost “many billions” and benefit the wealthy the most, according to the Institute for Fiscal Studies. Mr Johnson, the front-runner in the race to lead the Conservative Party, has outlined plans to raise the threshold for the highest rate of income tax to £80,000.
Monday, June 24th 2019 - 12:37 UTC
Irish farmers protest Mercosur negotiations before EC offices in Dublin

A protest by the Irish Farmers’ Association (IFA) is taking place at the European Commission offices in Dublin over the “double standards of the commission” in their reckless pursuit of a sell-out trade deal” with the Mercosur trade bloc.
Saturday, June 22nd 2019 - 09:39 UTC
The Economist: “Despite turmoil, Brazil is starting to fix its pension system”

Jair Bolsonaro, Brazil’s president, likes romantic metaphors. “Our marriage is stronger than ever,” he said in May after the press speculated that he was at odds with the economy minister, Paulo Guedes. “The marriage ended with no hard feelings,” he said this month after sacking Carlos Alberto dos Santos Cruz, a minister who had said that others in government should be more careful on social media—thus outraging Bolsonaro fans who tweet about the virtues of military rule and the horrors of homosexuality.
Friday, June 21st 2019 - 12:04 UTC
Trump and Trudeau meet to mend fences and push for legislative approval of trade deal

President Donald Trump-hosted his Canadian counterpart Prime Minister Justin Trudeau on Thursday to mend fences after last year's diplomatic meltdown and to push the still un-ratified North American free trade deal.
Friday, June 21st 2019 - 11:00 UTC
Four EU leaders express concern over EU/Mercosur farm sector deal

French President Emmanuel Macron and three other national leaders warned the European Commission that a trade deal with trade bloc Mercosur “could ultimately destabilize production and the agricultural sector.”
Friday, June 21st 2019 - 09:07 UTC
EU extends economic sanctions against Russia over Ukraine until February 2020

European Union leaders agreed on Thursday to prolong economic sanctions against Russia over the turmoil in Ukraine until the end of January 2020, a spokesman for the bloc said. The EU first slapped sanctions on Russia after Moscow annexed Crimea from Ukraine in March 2014 and supported rebels fighting Kiev troops in the east of the country. That conflict, which killed 13,000 people, is still simmering.
Thursday, June 20th 2019 - 21:31 UTC
United Airlines reaches US$ 1.9bn deal with Embraer involving 39 E-175

United Airlines has signed twenty firm orders for the Brazilian manufacturer Embraer E-175, which is configured to seat 70 passengers, with an option to acquire 19 more E-175. Total value of the order was put at US$ 1.9 billion, based on the current list price for the aircraft.