Economy

Thursday, April 18th 2019 - 07:48 UTC
Bolton announces further crackdown on “the three stooges of socialism”

The Trump administration on Wednesday intensified its crackdown on Cuba, Nicaragua and Venezuela, rolling back Obama administration policy and announcing new restrictions and sanctions against the three countries whose leaders national security adviser John Bolton dubbed the “three stooges of socialism.”
Wednesday, April 17th 2019 - 09:58 UTC
Argentina's inflation 54.7% in 12-months; more monetary “contraction measures” and support from IMF

Argentina's inflation rate accelerated for the third straight month in March, the government statistics agency said on Tuesday, prompting the central bank to unveil fresh measures to temper raging inflation and protect the embattled peso currency.
Wednesday, April 17th 2019 - 09:56 UTC
Qatar Petroleum wins five offshore blocks in Argentina's South Atlantic basins

Qatar Petroleum (QP) has won exploration rights in five offshore blocks in the North Argentina, and Malvinas West basins in Argentina. The winning bids were announced on Tuesday by Argentina’s Secretariat of Government of Energy (“SGE”) at the end of a public tender process that started in November 2018.
Wednesday, April 17th 2019 - 09:55 UTC
China interested in more Brazilian meat and increasing investment

China is planning to allow more Brazilian meat imports following high-level talks set for May, the Chinese ambassador to Brazil said on Monday. Yang Wanming declined to comment on how many meat processing plants could be approved to export to China but said the issue would be discussed when Brazil Agriculture Minister Tereza Cristina Dias travels to China in May.
Wednesday, April 17th 2019 - 09:40 UTC
Brazil announces financial package to avoid a truckers' strike

The government of Brazilian President Jair Bolsonaro announced on Tuesday a financial package aimed at staving off a potential truckers' strike. Chief of Staff Onyx Lorenzoni said the Brazilian Development Bank will be providing US$ 128 million in credit to truckers and that the Ministry of Infrastructure will spend US$ 514 million on improving roads.
Wednesday, April 17th 2019 - 09:39 UTC
EU approves rules to protect workers in the “gig economy”

The European Parliament has approved new EU rules to protect workers in the so-called “gig economy”(*). The law sets minimum rights and demands increased transparency for those in “on-demand” jobs, such as at Uber or Deliveroo.
Wednesday, April 17th 2019 - 09:32 UTC
UK's employment and hiring remains strong in the three months to February

Unemployment in the UK fell by 27,000 in the three months to February to 1.34 million, official Office for National Statistics (ONS) figures show. The number of people in work was also virtually unchanged at a record high of 32.7 million, with a jump of 179,000.
Tuesday, April 16th 2019 - 09:19 UTC
Argentina begins IMF approved daily auction of US$ 60m to recover Pesos

Argentina sold US$ 60 million in the foreign exchange market on Monday, traders said, marking the start of peso-buying program approved by the International Monetary Fund and aimed at bolstering government finances.
Tuesday, April 16th 2019 - 09:18 UTC
EU and US set to begin trade talks, but farm goods remain a contentious issue

President Donald Trump and the head of the European Commission, Jean-Claude Juncker, agreed last year that they wanted to reduce trade barriers. The decision by EU ministers gives the Commission authorization to conduct formal talks.
Tuesday, April 16th 2019 - 09:13 UTC
Canada joins France, Germany and Japan at the Alliance for Multilateralism

Canada has formally joined a German-French coalition aimed at saving the international world order from destruction by various world dictators and autocrats — and U.S. President Donald Trump.