Economy

Friday, May 17th 2019 - 09:24 UTC
Fitch rating agency says uncertainty overflying the Brazilian economy

Brazil’s push to overhaul its costly social security system is a welcome step toward healing public finances and the economy, but is not enough to stabilize public debt or trigger a positive review on the country’s credit rating, directors at rating agency Fitch said on Thursday.
Friday, May 17th 2019 - 09:16 UTC
Trump's administration makes official Huawei's blacklisting further escalating trade dispute with China

The Trump administration on Thursday officially added China's Huawei Technologies to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the telecom giant to do business with U.S. companies.
Friday, May 17th 2019 - 08:14 UTC
EC fines five leading global banks €1.07bn for rigging foreign exchange markets

Five banks have been fined €1.07bn (£935m) by the European Commission after traders clubbed together to rig the foreign exchange market. Four banks in the “Banana Split” cartel - Barclays, RBS, Citigroup and JP Morgan - were fined €811m in all.
Thursday, May 16th 2019 - 14:58 UTC
Argentina does not recognize UK as a coastal state but will jointly address high seas catches in the South Atlantic

Foreign minister Jorge Faurie strongly denied in Congress on Wednesday that the Argentine government was ready to “handover” the disputed Malvinas Islands to the British, and likewise defended the current proximity policy of president Mauricio Macri administration towards the South Atlantic issue.
Thursday, May 16th 2019 - 09:53 UTC
Falklands' Fortuna exploring the European market for Illex squid

Falklands' fishing company Fortuna Ltd and their Taiwanese partners Go-Rising exhibited at the Brussels seafood show last week.
Thursday, May 16th 2019 - 09:52 UTC
April inflation in Argentina eases but reaches 3.4% and an annualized 55.8%

Argentina released April inflation numbers on Wednesday, with the monthly price rise easing to 3.4% - high by international standards, but below market expectations and reversing an acceleration trend that began in January.
Thursday, May 16th 2019 - 09:44 UTC
Argentina's unions decided a 24-hour national strike on 29 May

Argentina’s biggest labor union on Tuesday called for a 24-hour national strike to protest the government’s austerity policies, heaping pressure on President Mauricio Macri as he battles against a biting recession and jittery markets.
Thursday, May 16th 2019 - 09:41 UTC
Xi promises a far more open China to the world, despite the trade dispute with US

Chinese President Xi Jinping has pledged that his country will be even more open to the world and debunked the notion of a “clash of civilization ”, even as his country remains mired in a trade war with the United States.
Thursday, May 16th 2019 - 06:48 UTC
US suspends all commercial passenger and cargo flights with Venezuela

The US Department of Transportation on Wednesday ordered the suspension of all commercial passenger and cargo flights between the United States and Venezuela, citing reports of unrest and violence around airports in the South American country.
Wednesday, May 15th 2019 - 21:01 UTC
Dr. Rushbrook sworn in as governor of St. Helena: the first to arrive by air

The Governor of St Helena, Ascension Island and Tristan Da Cunha, Dr Philip Rushbrook, accompanied by his wife Janis, are St. Helena. Dr. Rushbrook is the 69th governor or St Helena and the first to arrive by air.