Economy

• 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.

• Monday, August 5th 2019 - 09:21 UTC

  Falklands' genetically improved wool clip reflects a significant increase in value

  

  The value of the Falkland Islands wool clip has increased by around 11% over the past six years, or £1 million at today’s wool prices announced MLA Teslyn Barkman at the most recent meeting of Legislative Assembly.

• Monday, August 5th 2019 - 09:01 UTC

  Trump warns UK: drop tax proposal on US tech companies or forget a free trade deal

  

  The administration of U.S. President Donald Trump has told Britain it will not get a free trade deal unless it drops a new tax proposal for major U.S. tech companies, the Telegraph newspaper reported late on Friday.

• Monday, August 5th 2019 - 09:00 UTC

  HSBC CEO steps down, “by mutual agreement”; search for a replacement has started

  

  The chief executive of HSBC has stepped down after the bank said it needed a change in leadership to address a “challenging global environment”. John Flint is giving up the role he has held for a year and a half “by mutual agreement with the board”.

• Sunday, August 4th 2019 - 17:40 UTC

  Bolivian exporters face new conditions to ship through the Chilean port of Arica

  

  The Arica Port Company (EPA) will start applying new tariffs as of Monday to Bolivian commerce, in accordance to the Service Manual in force since 2013, it was announced.

• Saturday, August 3rd 2019 - 17:07 UTC

  Bulgaria's Kristalina Georgieva, EU's candidate for IMF chief

  

  Known for rolling up her sleeves, Bulgaria's Kristalina Georgieva has been lauded as the life of the party, as well as for her tenacity. The guitar-playing environmental specialist, who was nominated on Friday as the EU's candidate to head the International Monetary Fund (IMF).

• Saturday, August 3rd 2019 - 07:30 UTC

  China bows to fight back Trump's tariffs: “if they want to fight, then we will fight”

  

  China on Friday vowed to fight back against US President Donald Trump's abrupt decision to slap 10% tariffs on the remaining US$300 billion in Chinese imports, a move that ended a month-long trade truce.

• Saturday, August 3rd 2019 - 07:19 UTC

  S&P retained its 'B' rating for Argentine debt

  

  Standard & Poor's (S&P) confirmed it would maintain its 'B' rating for Argentine debt, highlighting that the president Mauricio Macri administration was continuing to meet the goals laid out by the International Monetary Fund (IMF) as part of the huge credit line agreed last year.

• Friday, August 2nd 2019 - 19:20 UTC

  Brazil agrees to review secret Itaipu deal that nearly cost Paraguay's President Abdo his job

  

  Brazilian President Jair Bolsonaro said he was open to reviewing the controversial recent energy agreement with Paraguay, which cost dignataries from the latter country their jobs and left President Mario Abdo Benitez on the brink of impeachment.