Economy

Friday, March 22nd 2019 - 08:41 UTC
US threatens to pull out of IADB meeting in China if Guaidó's representative is not allowed to attend

The United States on Thursday threatened to pull out of the annual meeting of the Inter-American Development Bank in China next week if Beijing refuses to allow a representative of Venezuelan opposition leader Juan Guaido to attend.
Friday, March 22nd 2019 - 08:29 UTC
What new WTO and OECD status would mean for Brazil

Brazil’s agreement with the United States to forgo special treatment by the World Trade Organization (WTO) would apply only to future negotiations within the multilateral trade body, Director General Roberto Azevedo said on Wednesday.
Friday, March 22nd 2019 - 08:22 UTC
South Georgia issues commemorative coins on Queen Victoria's bicentenary anniversary

The government and treasury of South Georgia and South Sandwich Islands have issued on Thursday 21st March new crown coins and gold £4 pieces which are in celebration of the bicentenary anniversary of the birth of Queen Victoria.
Thursday, March 21st 2019 - 10:39 UTC
EU prepared to grant UK a Brexit delay, if Parliament votes in favor of Mrs. May deal

The European Union could grant Britain’s request for a short Brexit delay if Parliament votes next week in favour of a stalled departure deal, European Council President Donald Tusk said on Wednesday.
Thursday, March 21st 2019 - 09:55 UTC
Mexico and Brazil agree on a free trade for light vehicles

Mexico’s government said it had reached an agreement with Brazil on the free trade of light vehicles, subject to a 40% regional content requirement, paving the way for more open commerce between Latin America’s two biggest economies.
Thursday, March 21st 2019 - 09:52 UTC
GM announces US$ 2.5bn investment in Brazilian car industry

General Motors Co said it would invest US$ 2.7 billion in two Brazilian factories over the next five years, sparing them from a shakeup of the automaker’s operations, a decision hailed by the governor of Brazil’s largest state.
Thursday, March 21st 2019 - 09:45 UTC
Citigroup plans to sell US$ 1.6bn of Venezuelan gold held on collateral

Citigroup Inc plans to sell several tons of gold placed as collateral by Venezuela’s central bank on a US$ 1.6 billion loan after the deadline for repurchasing them expired this month, sources said Reuters, a setback for President Nicolas Maduro’s efforts to hold onto the country’s fast-shrinking reserves.
Thursday, March 21st 2019 - 09:40 UTC
Fed confirms it does not expect to raise interest rates in 2019

The US Federal Reserve does not expect to raise interest rates for the rest of 2019 amid slower economic growth. After a two-day meeting, monetary policymakers voted unanimously to keep the US interest rate range between 2.25%-2.5%.
Thursday, March 21st 2019 - 09:26 UTC
After 34 years Levi Strauss is back in the stock market with a value of US$ 6.5bn

Levi Strauss will be worth about US$ 6.5bn when the denim-maker rejoins the stock market after 34 years away. Shares in the inventor of the blue jean have been priced at US$ 17 each, just above the target range of US$ 14-16.
Thursday, March 21st 2019 - 09:20 UTC
US markets drop following on Trump's remarks about trade talks with China

US stocks have fallen after President Donald Trump said his administration was considering leaving tariffs on China for a “substantial period”. Mr. Trump said that a trade deal with Beijing was “coming along nicely”, but his comments dampened hopes a deal would be reached soon. US negotiators are due to visit China next week to resume talks.