Economy

Monday, May 20th 2019 - 09:55 UTC
”If Iran wants to fight, that will be the end of Iran”, Trump tells Teheran

President Donald Trump issued an ominous warning to Iran on Sunday suggesting that if the Islamic republic attacks American interests, it will be destroyed.
Monday, May 20th 2019 - 09:15 UTC
German government advisor fears another European financial crisis: points to Italy

A senior adviser to the German government fears another European financial crisis could be brewing. Dr. Lars Feld, one of the German Council of Economic Experts, was one of the first last year to warn of a slowdown in Europe's largest economy.
Saturday, May 18th 2019 - 09:59 UTC
New North American trade pact closer as US lifts tariffs on steel and aluminum from Canada and Mexico

The United States struck deals on Friday to lift tariffs on steel and aluminum imports from Canada and Mexico, the three governments said, removing a major obstacle to legislative approval of a new North American trade pact.
Saturday, May 18th 2019 - 09:57 UTC
Brazilian economy flirting with economy: “we are at the bottom of the well” says minister Guedes

Feeble growth forecasts and waning confidence in President Jair Bolsonaro sent Brazil's stocks and currency to their lowest level of the year this week, as analysts warned of further falls.
Saturday, May 18th 2019 - 09:48 UTC
Argentine oil and soybean industries exempt from latest taxes on imports

Argentina will exempt an import tax on goods that are used in the production of exports, such as soybeans and machinery to develop unconventional hydrocarbons in the Vaca Muerta shale play, Treasury Minister Nicolas Dujovne said in a radio interview on Friday.
Saturday, May 18th 2019 - 08:26 UTC
Beijing replies to the US via the official media: Washington has “fragile nerves”

The United States has “fabricated” accusations that China forces firms to hand over technology in exchange for market access, China's top Communist Party newspaper said on Saturday, the latest salvo in a bitter trade war.
Friday, May 17th 2019 - 09:42 UTC
China not interested in trade talks; Beijing rekindles nationalist resilience during Korean War

China may have no interest in continuing trade negotiations with the United States now, as it sees little “sincerity” in US President Donald Trump's recent approach, according to commentaries run by state media outlets on Friday.
Friday, May 17th 2019 - 09:29 UTC
Beijing cancels major pork order from the US; China a leading market for US hog industry

The same week United States President Donald Trump announced sweeping increases on tariffs against Chinese goods, Chinese buyers dropped orders for 3,247 metric tons of US pork - the biggest cancellation in more than a year, according to US Department of Agriculture data released on Thursday.
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.