Economy

• Wednesday, August 7th 2019 - 08:50 UTC

  United States need an independent Federal Reserve

  

  The following article was published 6 August, in the Wall Street Journal, signed by ex-Fed chiefs Paul Volcker, Alan Greenspan, Ben Bernanke and Janet Yellen. Basically, it states that the US economy functions best when the central bank is free of short-term political pressures.

• Wednesday, August 7th 2019 - 08:44 UTC

  Sino/US clash eases: Beijing supports Yuan and Washington pledges to continue trade talks

  

  Asian shares steadied slightly on Wednesday as investors caught their breath from a searing week-long selloff, with steps taken by Chinese authorities to contain a sliding Yuan helping calm fears of a full-blown Sino-U.S. trade and currency war.

• Tuesday, August 6th 2019 - 10:20 UTC

  Trump blocks all assets of the Venezuelan government in US

  

  Yesterday, President Donald J. Trump signed an Executive Order “Blocking Property of the Government of Venezuela.”

• Tuesday, August 6th 2019 - 10:10 UTC

  Colorado Party of Paraguay urges lawmakers and supporters to stand behind President Abdo

  

  Paraguay's Colorado Party Monday backed its support of President Mario Abdo in the aftermath of the political scandal sparked last week when the somber Itaipu electricity deal with Brazil was unearthed, leaving the government on the brink of impeachment, a threat which has been averted.... for now.

• Tuesday, August 6th 2019 - 10:01 UTC

  British Foreign secretary Raab travels to US, Canada and Mexico to boost trade, ahead of Brexit

  

  British foreign minister Dominic Raab will travel to Canada, the United States and Mexico this week to seek to boost ties with non-European countries ahead of Brexit, his office said.

• Tuesday, August 6th 2019 - 09:57 UTC

  US dollar up in Argentina on fears of Sunday's primaries and the global trade dispute

  

  Argentina’s peso fell 1.8% on Monday to 45.49 per U.S. dollar due to uncertainty over the country’s presidential election and the fallout from U.S.-China trade tensions, traders said.

• Tuesday, August 6th 2019 - 09:33 UTC

  Economists forecast further interest rate cuts by Brazil's central bank

  

  Economists lowered their forecasts for where Brazil’s benchmark Selic interest rate will be at the end of 2019, a weekly central bank survey showed on Monday, after policymakers cut rates more aggressively than most expected to a record low last week.

• Tuesday, August 6th 2019 - 09:15 UTC

  World stock markets plunge as Beijing lets its currency to devalue and halts purchase of US farm produce

  

  World stock markets plunged on Monday as Beijing parried US President Donald Trump's latest tariff announcements by moving to let China's Yuan currency devalue and halting purchases of US agricultural products.

• Tuesday, August 6th 2019 - 09:06 UTC

  Fed expected to further lower interest rate as trade tensions with China increase

  

  Federal Reserve Chair Jerome Powell, who last week cut U.S. interest rates as an insurance policy against the effects of “simmering” trade tensions, may need to buy more coverage after the United States late on Monday designated China a currency manipulator.

• Monday, August 5th 2019 - 09:55 UTC

  Falklands farm delegation will visit Uruguay as part of an agriculture exchange

  

  In a joint initiative between the Falkland Islands government and the Foreign and Commonwealth Office, an agricultural exchange visit to Uruguay is being arranged for September 2019.