Economy

• Friday, May 17th 2019 - 09:42 UTC

  China not interested in trade talks; Beijing rekindles nationalist resilience during Korean War

  

  China may have no interest in continuing trade negotiations with the United States now, as it sees little “sincerity” in US President Donald Trump's recent approach, according to commentaries run by state media outlets on Friday.

• Friday, May 17th 2019 - 09:29 UTC

  Beijing cancels major pork order from the US; China a leading market for US hog industry

  

  The same week United States President Donald Trump announced sweeping increases on tariffs against Chinese goods, Chinese buyers dropped orders for 3,247 metric tons of US pork - the biggest cancellation in more than a year, according to US Department of Agriculture data released on Thursday.

• Friday, May 17th 2019 - 09:24 UTC

  Fitch rating agency says uncertainty overflying the Brazilian economy

  

  Brazil’s push to overhaul its costly social security system is a welcome step toward healing public finances and the economy, but is not enough to stabilize public debt or trigger a positive review on the country’s credit rating, directors at rating agency Fitch said on Thursday.

• Friday, May 17th 2019 - 09:16 UTC

  Trump's administration makes official Huawei's blacklisting further escalating trade dispute with China

  

  The Trump administration on Thursday officially added China's Huawei Technologies to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the telecom giant to do business with U.S. companies.

• Friday, May 17th 2019 - 08:14 UTC

  EC fines five leading global banks €1.07bn for rigging foreign exchange markets

  

  Five banks have been fined €1.07bn (£935m) by the European Commission after traders clubbed together to rig the foreign exchange market. Four banks in the “Banana Split” cartel - Barclays, RBS, Citigroup and JP Morgan - were fined €811m in all.

• Thursday, May 16th 2019 - 14:58 UTC

  Argentina does not recognize UK as a coastal state but will jointly address high seas catches in the South Atlantic

  

  Foreign minister Jorge Faurie strongly denied in Congress on Wednesday that the Argentine government was ready to “handover” the disputed Malvinas Islands to the British, and likewise defended the current proximity policy of president Mauricio Macri administration towards the South Atlantic issue.

• Thursday, May 16th 2019 - 09:53 UTC

  Falklands' Fortuna exploring the European market for Illex squid

  

  Falklands' fishing company Fortuna Ltd and their Taiwanese partners Go-Rising exhibited at the Brussels seafood show last week.

• Thursday, May 16th 2019 - 09:52 UTC

  April inflation in Argentina eases but reaches 3.4% and an annualized 55.8%

  

  Argentina released April inflation numbers on Wednesday, with the monthly price rise easing to 3.4% - high by international standards, but below market expectations and reversing an acceleration trend that began in January.

• Thursday, May 16th 2019 - 09:44 UTC

  Argentina's unions decided a 24-hour national strike on 29 May

  

  Argentina’s biggest labor union on Tuesday called for a 24-hour national strike to protest the government’s austerity policies, heaping pressure on President Mauricio Macri as he battles against a biting recession and jittery markets.

• Thursday, May 16th 2019 - 09:41 UTC

  Xi promises a far more open China to the world, despite the trade dispute with US

  

  Chinese President Xi Jinping has pledged that his country will be even more open to the world and debunked the notion of a “clash of civilization ”, even as his country remains mired in a trade war with the United States.