Economy

Saturday, March 2nd 2019 - 05:05 UTC
Falklands' most productive half acre and vegans' organic dream

Tucked way under the hill and half hidden by 10,000 young trees it’s easy to forget how vast the area is covered by Stanley Growers Ltd. in the Falkland Islands, to the east of the capital Stanley.
Thursday, February 28th 2019 - 10:00 UTC
Desperate Maduro regime appealing to the sale of central bank's gold

At least 8 tons of gold were removed from the Venezuelan central bank’s vaults last week, an opposition legislator and three government sources told Reuters, in the latest sign of President Nicolas Maduro’s desperation to raise hard currency amid tightening sanctions.
Thursday, February 28th 2019 - 09:18 UTC
Argentina's economic activity dropped 2.6% in 2018, says Indec

Argentina's economic activity fell 2.6% in 2018 versus the previous year, government statistics agency Indec said on Wednesday, underscoring the turmoil that dragged the country into recession last year.
Thursday, February 28th 2019 - 09:15 UTC
US trade deficit widens sharply in December: imports increase, exports drop

The US trade deficit widened sharply in December as slowing global demand and a strong dollar weighed on exports, another sign that economic growth slowed in the fourth quarter. Other data from the Commerce Department on Wednesday showed new orders for US-made goods barely rose in December and business spending on equipment was much weaker than previously thought, pointing to a softening in manufacturing activity.
Thursday, February 28th 2019 - 09:10 UTC
China's manufacturing activity shrinks for a third straight month in February

China's manufacturing activity shrank for a third straight month in February, sinking to its worst performance in three years as the economy slows and the US trade war bites, official data showed on Thursday. The Purchasing Managers' Index (PMI), a gauge of factory conditions, came in at 49.2 for the month, down from 49.5 in January, according to the National Bureau of Statistics (NBS).
Thursday, February 28th 2019 - 08:37 UTC
Brazilian consortium interested in Ford's Sao Paulo manufacturing plant

Brazilian automaker CAOA, which produces vehicles with Korea’s Hyundai Motor Co and China’s Chery Automobile Co, is in talks to buy a Ford Motor Co plant in the country that is slated to close by 2019, according to sources reported in the Sao Paulo media.
Thursday, February 28th 2019 - 08:23 UTC
Investigation into Odebrecht corruption network in the Netherlands

Prosecutors raided locations across the Netherlands on Tuesday as part of an investigation into the alleged use of shell companies to distribute US$ 100 million in bribes on behalf of Brazilian conglomerate Odebrecht SA.
Wednesday, February 27th 2019 - 09:27 UTC
Orthodox, US trained economist, Campos Neto confirmed as Brazilian central bank governor

Brazil's Senate-confirmed Roberto Campos Neto as central bank governor on Tuesday, after he stressed that controlling inflation and reining in public spending were critical to supporting economic growth.
Tuesday, February 26th 2019 - 09:07 UTC
Trump anticipates a “signing summit” with China's Xi: trade agreement “very, very close”

US President Donald Trump said on Monday he expects to hold a “signing summit” with China’s President Xi Jinping to seal a trade deal, since negotiators are “very, very close” to an agreement. Cheering global stock markets, the new comments confirm the dispute will not ratchet up immediately, averting an even bigger impact on the global economy.
Monday, February 25th 2019 - 09:15 UTC
PM May considering delaying Brexit deadline for two months

Prime Minister Theresa May is considering a plan under which Britain’s exit from the European Union would be delayed for up to two months, the Telegraph reported on Sunday. British government officials have drawn up a series of options, which were circulated at the weekend, in a bid to avoid resignations by ministers determined to support a backbench bid to take a “no deal” Brexit off the table this week, according to the Telegraph.