Economy

Thursday, July 25th 2019 - 05:08 UTC
Johnson names cabinet: Sajid Javid, finance; Raab. foreign secretary, Priti Patel home secretary

New Prime Minister Boris Johnson sacked most of Britain's cabinet on Wednesday as he took office vowing to get a new divorce deal with the European Union or leave without one by Oct 31. The former London mayor has pledged to break the political deadlock that has left Britain in crisis and forced his predecessor Theresa May to delay Brexit twice.
Thursday, July 25th 2019 - 05:06 UTC
US to compensate a minimum US$ 15 per acre to farmers hurt by trade war with China

The U.S. government will pay a minimum of US$ 15 per acre to farmers hurt by President Donald Trump’s trade war with China under an aid package to be unveiled before the end of the week, Agriculture Secretary Sonny Perdue said.
Wednesday, July 24th 2019 - 01:29 UTC
EIB opens Latam HQs in Colombia with 400 million euro offer in loans

The European Investment Bank (EIB) has opened its Latin American headquarters in Bogota following an agreement signed Monday between Colombian President Iván Duque and EIB CEO Werner Hoyer.
Tuesday, July 23rd 2019 - 15:14 UTC
Finland's UPM will construct a second 2.1 million ton pulp mill in Uruguay

Finland's UPM on Tuesday made the investment decision to construct a 2,1 million ton eucalyptus pulp mill near Paso de los Toros in central Uruguay.
Tuesday, July 23rd 2019 - 09:55 UTC
All ready for Boris Johnson to attempt to overcome the Brexit hurdle

Ballots closed in the race to become Britain's next prime minister on Monday, with the favorite Boris Johnson facing more defections by ministers over his Brexit plan. The country's new leader will take the reins this week and have just three months to attempt to resolve a three-year Brexit crisis that could damage economies on both sides of the Channel and determine the fate of generations of Britons.
Tuesday, July 23rd 2019 - 09:40 UTC
UK pound down on fears of Johnson PM and a no deal exit from the EU

Expectations of policy easing by major central banks such as the Federal Reserve propped up global stocks on Tuesday, while the pound sagged as Britain braced for a new prime minister who could pave the way for a no-deal exit from the European Union.
Monday, July 22nd 2019 - 09:49 UTC
Chinese investment in the US plummeted 88% since Trump took office

Growing distrust between the United States and China has slowed the once steady flow of Chinese cash into America, with Chinese investment plummeting by nearly 90% since President Donald Trump took office.
Monday, July 22nd 2019 - 09:20 UTC
China launches its 'Nasdaq' technology board in Shanghai on Monday to compete with tech rival US

Trading begins on Monday (July 22) on a new Nasdaq-style technology board in Shanghai that represents one of China's most significant market reforms, and a potential weapon in its growing tech rivalry with the United States.
Saturday, July 20th 2019 - 18:05 UTC
Buzz Aldrin, second human to walk on the moon, tells Trump he is disappointed with current lunar agenda

When President Donald Trump asked Buzz Aldrin, the second human ever to walk on the moon, what he thought about the United States' current ability to operate in space 50 years after the Apollo 11 mission, the ex-astronaut had a ready response.
Saturday, July 20th 2019 - 09:50 UTC
Strong contraction of Uruguay's economy: GDP forecasted to grow 0.6% this year

Uruguay's Economy minister admitted on Friday that the country will end 2019 with a “very modest growth”, in the range of 0.6%, but was confident the economy would pick up in 2020 when the construction of a new pulp mill, with an investment of at least two billion dollars, is scheduled to start.