Economy

Thursday, August 22nd 2019 - 09:03 UTC
US professional diplomats question Trump/Pompeo policy focus and foreign aid cuts

The ranks of the United States' foreign policy establishment are being roiled once again by resignations, reports of partisan intimidation in the midst of looming massive cuts in foreign aid that critics in Congress and elsewhere contend weaken American diplomacy worldwide.
Wednesday, August 21st 2019 - 09:56 UTC
Stabilizing the Peso, priority of the new Argentina finance minister; markets still unconvinced

Argentina's new finance minister made stabilizing the country's battered currency his top priority on Tuesday, while still pledging to meet commitments made to the International Monetary Fund, which is sending a team to Buenos Aires.
Wednesday, August 21st 2019 - 09:52 UTC
Brazil tightens controls over money laundering and illicit financial activities

The Brazilian government on Tuesday issued a decree moving the Financial Activities Control Board (Coaf), which monitors nefarious financial activity such as money laundering, into a new Financial Intelligence Unit under central bank control.
Wednesday, August 21st 2019 - 09:48 UTC
The word that begins with “R” that scares Donald Trump

United States President Donald Trump on Tuesday insisted that recession - a potentially dangerous blow to his re-election next year - is not in the cards. But he indicated he's preparing just in case.
Wednesday, August 21st 2019 - 09:42 UTC
UK program to help boost trade facilitation and export programs

A new trade facilitation program will support Brazilian businesses to export, which will help boost trade with countries including the UK. The £20 million program will work with existing export promotion and trade facilitation programs across Brazil to help bring businesses of all sizes to international markets.
Wednesday, August 21st 2019 - 08:52 UTC
Argentina’s Economic Crisis: Who to blame?

Argentines remember the role the IMF played in the last depression. They also remember the improvement in their lives under Kirchnerism. The following was published by The New York Times.
Tuesday, August 20th 2019 - 20:07 UTC
Brazilian bees decimated by pesticides which are banned in Europe

More than half a billion bees dropped dead in Brazil within just three months, according to Bloomberg. Researchers say the main cause of death is pesticides, which could end up affecting more than the bees.
Tuesday, August 20th 2019 - 18:23 UTC
US extends reprieve, allows Huawei to buy US components

The United States will extend a reprieve that permits China’s Huawei Technologies to buy components from US companies to supply existing customers, the Commerce Department said on Monday, but it also moved to add more than 40 of Huawei’s units to its economic blacklist.
Tuesday, August 20th 2019 - 02:40 UTC
Airbnb revenue up 31% in first quarter and reached US$ 9.4bn

Airbnb Inc recorded US$9.4 billion in total booking value in the first quarter, up 31% from the year-ago quarter, a key number that could help pull in investors as the home-sharing company plans its foray into the public market.
Monday, August 19th 2019 - 22:07 UTC
Trump admits Apple's CEO “made a good case” on impact of US tariffs on Chinese imports

US President Donald Trump said on Sunday that he has spoken with Apple's chief executive Tim Cook about the impact of US tariffs on Chinese imports as well as competition from South Korean company Samsung.