Economy

Monday, April 8th 2019 - 06:50 UTC
Theresa May concedes that concluding a Brexit deal needs “compromise” from Tories and Labour

British Prime Minister Theresa May on Sunday conceded that concluding a Brexit deal with the main opposition will need “compromise on both sides” as she faced criticism for being inflexible.
Saturday, April 6th 2019 - 10:00 UTC
Blackouts hit Venezuela oil output, and clog Orinoco basin tar-oil pipelines

Rolling blackouts across much of Venezuela that started on March 7 paralyzed most of the country’s oil wells and rigs, which have slowly come back online. Oil output averaged less than 600,000 bpd during the blackouts, the people said, who asked not to be identified because the information isn’t public.
Saturday, April 6th 2019 - 09:52 UTC
Hiring in services increases helping to keep US unemployment at a record low 3.8%

US job creation came back to life in March, with a hiring surge in healthcare, bars and restaurants, while unemployment held steady and worker wages continued to climb, government data showed Friday.
Saturday, April 6th 2019 - 09:46 UTC
US and China “making progress” towards ending the trade war

President Donald Trump on Friday said talks with Beijing were making progress toward ending the trade war between the world's two top economies, but he again stopped short of predicting success.
Saturday, April 6th 2019 - 09:43 UTC
Trump again puts pressure on the Federal Reserve to lower interest rates

United States president Donald Trump said on Friday the US Federal Reserve should lower interest rates and take other unconventional measures to ease pressure on an economy that he said they slowed down. “I think they should drop rates,” Trump told reporters. “I think they really slowed us down. There's no inflation.”
Saturday, April 6th 2019 - 09:33 UTC
IMF releases US$10.8 billion to Argentina and insists on fiscal prudence

The Executive Board of the International Monetary Fund (IMF) completed on Friday the third review of Argentina’s economic performance under the 36-month Stand-By Arrangement (SBA) that was approved on June 20, 2018. The completion of the review allows the authorities to draw the equivalent of SDR 7.8 billion (about US$10.8 billion), bringing total purchases since June 2018 to SDR 28.01371 billion (about US$38.9 billion).
Saturday, April 6th 2019 - 09:02 UTC
French/Canadian consortium takes Petrobras major gas pipeline in north Brazil

A consortium led by France's Engie SA submitted the highest offer for a major gas pipeline unit owned by Petrobras, the state-run oil firm said on Friday, as the company's biggest divestment draws to a close.
Saturday, April 6th 2019 - 08:38 UTC
Labour says no advance in Brexit talks with Mrs. May; EU demands viable plan before postponing exit

Britain's opposition Labour Party said on Friday that talks with the government on a last-ditch Brexit deal had made no progress, as EU leaders said Prime Minister Theresa May had not convinced them that they should let Britain delay its departure next week.
Friday, April 5th 2019 - 17:45 UTC
US Treasury official David Malpass elected as World Bank’s president

David Malpass has been chosen as the president of the World Bank Group (WBG) on Friday after being unanimously elected by the executive board of the organization with no other candidates.
Friday, April 5th 2019 - 09:37 UTC
Brazilian markets react positively on hopes of progress on pension reform

Most Latin American stock markets and currencies rose on Thursday, with assets in Brazil gaining on hopes of smooth progress on pension reform. Brazilian President Jair Bolsonaro met fellow politicians in a bid to build support to pass his government's proposal to reform the country's bloated pension system, seen by investors as crucial to trim Brazil's wide fiscal deficit.