Economy

Monday, June 17th 2019 - 15:22 UTC
UK firms will become the first foreign companies to be listed in Shanghai

UK-listed firms will become the first foreign companies to be able to list in mainland China under a new stock link, the Treasury said. Chancellor Philip Hammond is due to launch the London-Shanghai Stock Connect on Monday.
Monday, June 17th 2019 - 15:14 UTC
Bank of Estonia will celebrate bicentenary of Antarctica's discovery with a €2 coin

The Bank of Estonia has unveiled last 14 June the design that has been approved to mark the bicentenary anniversary of the first discovery of Antarctica, which will be celebrated in 2020, according to Coin Update News.
Monday, June 17th 2019 - 09:00 UTC
Head of Brazil's powerful Development bank resigns following clash with Bolsonaro

The head of Brazilian state development bank BNDES has submitted a letter of resignation amid public tensions with president Jair Bolsonaro, reflecting the serious divisions that continue to plague the administration’s upper echelons.
Saturday, June 15th 2019 - 09:57 UTC
Thousands of public workers join the first general strike against Brazil's Bolsonaro reforms

Protests have been held across Brazil as thousands of public workers take part in a general strike against a government proposal to reform pensions. The strike, the first since far-right President Jair Bolsonaro took office in January, has affected public transport, schools and banks.
Saturday, June 15th 2019 - 08:43 UTC
Good sales prospects from China for Argentina's 56 million tons of soybeans

The soybean harvest in Argentina for the 2018-19 crop year is almost complete, according to the Buenos Aires Grain Exchange. The forecast for total production was the second-highest in 19 years at 56 million mt, up 48% year on year due to a better than expected yield of 3.35 mt/hectare, BAGE said.
Saturday, June 15th 2019 - 08:35 UTC
China's main economic indicators slowing down; more stimulus in the pipeline

China's industrial output growth unexpectedly slowed to a more than 17-year low in May, while investment also cooled, in the latest sign of weakening demand in the world's second-largest economy as United States ramps up trade pressure.
Saturday, June 15th 2019 - 08:20 UTC
Brazil clashes with Indonesia over the blocking of poultry exports

The Brazilian government has formally asked the World Trade Organization (WTO) to open a panel to investigate Indonesian policies on Brazil's poultry exports, the Agriculture Ministry said on Friday.
Friday, June 14th 2019 - 09:40 UTC
Argentine inflation 3.1% in May and 57.3% in twelve months

Argentine consumer prices rose 3.1% in May, the government’s official statistics agency said on Thursday. Accumulated inflation in the 12 months through May came to 57.3%, and year-to-date inflation was 19.2%, according to the National Census and Statistics Institute, known by its acronym, INDEC.
Thursday, June 13th 2019 - 09:31 UTC
Chilean copper miners on the verge of strike as of Friday

More than 3,200 workers at Chile's huge Chuquicamata copper mine plan to go on strike this week after union-management talks broke down, state-run miner Codelco - the world's largest copper producer - said on Wednesday.
Thursday, June 13th 2019 - 09:17 UTC
Global food prices rose for the fifth consecutive month in May

Global food prices rose for the fifth consecutive month in May, pushed up by rising prices of cheese and maize due to adverse weather conditions. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly traded food commodities, averaged 172.4 points in May, up 1.2 per cent from the previous month while still 1.9 per cent below its level in May 2018.