Economy

• Wednesday, February 13th 2019 - 07:59 UTC

  Bank of England urges Parliament to secure a good Brexit withdrawal deal and a smooth transition.

  

  Bank of England governor Mark Carney has urged MPs to solve the Brexit impasse in a speech warning of growing threats to the global economy. He said a no-deal Brexit would create an “economic shock” at a time when China's economy is slowing and trade tensions are rising.

• Wednesday, February 13th 2019 - 07:49 UTC

  Record exports of whisky in 2018: EU and the US main markets

  

  Exports of Scotch whisky hit a record high last year, according to new figures. Analysis of HMRC data by the Scotch Whisky Association (SWA) found exports grew 7.8% by value to £4.7bn. The number of bottles exported also reached record levels, growing by 3.6% to 1.28 billion.

• Wednesday, February 13th 2019 - 07:41 UTC

  Hot and dry weather impacts on Brazil's 2018/19 soybean crop

  

  The Brazilian 2018-19 soybean crop will fall to 115.34 million tons, as the effects of hot and dry weather in December and January are gradually taken into account, national crop agency Conab said on Tuesday.

• Tuesday, February 12th 2019 - 10:30 UTC

  IMF mission in Argentina to collect data on compliance of the standby loan accord

  

  An IMF team is back in Buenos Aires to review the Argentine economy performance and how it is complying with the fiscal and monetary conditions established in the stand-by US$ 57 billion loan agreed last year. The head of the mission Roberto Cardarelli is scheduled to meet ministers, central bank officials, members of Congress from the ruling coalition and opposition, academia and different lobbies.

• Tuesday, February 12th 2019 - 10:27 UTC

  UK economy recorded last year the lowest growth since 2012, 1.4%

  

  Britain's economy contracted in December, official figures revealed on Monday, suggesting that uncertainty over whether the country will leave the European Union with or without a deal is starting to hurt. Data from the UK's Office of Nation al Statistics, ONS, shows that gross domestic product (GDP) contracted by 0.4% in December.

• Tuesday, February 12th 2019 - 10:25 UTC

  Growing evidence shows Vale was made aware of dam's rupture risk

  

  Vale SA, the world’s largest iron ore miner, knew last year that the dam in Brazil that collapsed in January and killed at least 165 people had a heightened risk of rupturing, according to an internal document, Reuters reported on Monday

• Tuesday, February 12th 2019 - 09:41 UTC

  UK and Switzerland sign a post-Brexit “continuity agreement” on trade

  

  The UK and Switzerland have signed a deal to continue trading after Brexit as they did before it. The “continuity agreement” - based on the EU's existing free trade deal with Switzerland - was agreed in December but ratified on Monday.

• Tuesday, February 12th 2019 - 09:36 UTC

  UK food industry blasts the “catastrophic impact” of a no-deal Brexit

  

  The UK food industry has threatened to stop co-operating with government policy consultations, saying it is busy trying to stave off the “catastrophic impact” of a no-deal Brexit. The warning came in a letter to Environment Secretary Michael Gove from more than 30 business leaders.

• Tuesday, February 12th 2019 - 09:30 UTC

  Mrs. May to tell Parliament Brexit talks at crucial stage: “we need to hold our nerve”

  

  Prime Minister Theresa May will tell British lawmakers this Tuesday they must hold their nerve over Brexit to force the European Union to accept changes to the divorce deal that would pave the way for an orderly exit.

• Tuesday, February 12th 2019 - 09:24 UTC

  China iron ore futures soar on concerns over the Vale tragedy in Brazil

  

  China iron ore futures rose to a record on Monday, the first session after a week-long national holiday, on concerns that supply from Brazil, the country’s second-largest ore supplier, may decline after a fatal dam accident at a Vale mine.