Economy

Tuesday, September 3rd 2019 - 09:20 UTC
China lodges complaint against US import duties before WTO; US accuses Beijing of intellectual property theft

China has lodged a complaint against the United States at the World Trade Organization over U.S. import duties, the Chinese Commerce Ministry said on Monday.
Monday, September 2nd 2019 - 09:56 UTC
Argentina imposes foreign-exchange controls to contain the run for dollars

Argentina on Sunday imposed foreign-exchange controls on exporters as it closed out a week of financial uncertainty that saw a sharp drop in the peso. Exporters were ordered to seek permission from the Central Bank of Argentina before purchasing foreign currency, according to a decree published in the Official Bulletin.
Monday, September 2nd 2019 - 09:50 UTC
IMF supports Argentina and its temporary currency controls

The International Monetary Fund said it will stand by Argentina after the government authorized currency controls on Sunday in an about-face by President Mauricio Macri, who had previously lifted many protectionist practices of his predecessor, Cristina Fernandez de Kirchner.
Monday, September 2nd 2019 - 09:49 UTC
US and China in a new round of additional tariffs; Beijing says Trump behaving as a “school bully”

China and the United States began imposing additional tariffs on each other's goods on Sunday, the latest escalation in a bruising trade war, but U.S. President Donald Trump said the sides would still meet for talks later this month.
Monday, September 2nd 2019 - 08:57 UTC
EU reiterates: no changes to the divorce deal agreed with Britain

EU chief Brexit negotiator Michel Barnier said the bloc will not change the divorce deal agreed with Britain and that he is “not optimistic” of avoiding a no-deal outcome.
Monday, September 2nd 2019 - 08:28 UTC
China posts the Yuan at its weakest since May 2008

China's central bank set its official Yuan midpoint at a fresh 11-and-a-half year low on Monday after Beijing and Washington kicked off new tariffs on each other's goods. However, the guidance rate was stronger than markets had expected for the fifth straight session.
Saturday, August 31st 2019 - 17:54 UTC
The “Amazon fires of uncertainty” in Argentina: can they get worse?

Argentina’s battered bonds were driven still lower on Friday after a credit rating cut from Standard & Poor’s triggered automatic selling mechanisms at big pension funds. Risk spreads blew out to levels not seen since 2005 while the local peso currency extended its year-to-date slide to 36%, forcing renewed central bank market intervention and intensifying worries about Argentina’s ability to honor its dollar-denominated debt.
Saturday, August 31st 2019 - 09:20 UTC
Trump: US economic pressure helping Hong Kong protestors; steeper tariffs on Chinese goods “are on” as of this Sunday

US economic pressure on China was responsible for preventing the authorities from carrying out a harsher crackdown against demonstrators in Hong Kong, US President Donald Trump told reporters on Friday.
Saturday, August 31st 2019 - 08:55 UTC
Factory activity in China shrinks in August for the fourth month running

Factory activity in China shrank in August for the fourth month in a row, official data showed on Saturday, as the United States ramped up tariff pressure and domestic demand remained sluggish.
Saturday, August 31st 2019 - 08:50 UTC
Trump again blasts the Fed over inaction as the Euro slides against the dollar

United States President Donald Trump on Friday accused the U.S. Federal Reserve Bank of inaction as the Euro slid in value against the dollar, something he said gave European countries a big trade advantage.