Economy

Saturday, January 5th 2019 - 08:59 UTC
New Brazilian administration prepared to open concentrated banking to foreign competition

The fast pace of Brazilian president Jair Bolsonaro continued on Friday, with current central bank Governor Ilan Goldfajn telling newspaper Valor Economico that the new administration is likely to empower the central bank to approve the entrance of new foreign lenders into Brazil.
Saturday, January 5th 2019 - 08:54 UTC
Markets disappointed with Bolsonaro's watered down pensions reform

Brazil President Jair Bolsonaro on Friday called for minimum retirement ages significantly lower than those proposed by his predecessor, sparking concerns among investors that he will back watered-down pension reform legislation.
Saturday, January 5th 2019 - 08:50 UTC
Grassroots conservatives want PM May's Brexit deal ditched, according to survey

More than half of grassroots Conservative members want Theresa May’s Brexit deal to be ditched in favour of no deal, a survey has found. About 57% of the rank and file are convinced that leaving the EU without a deal is better than their own leader’s Brexit plan, according to a poll funded by the Economic and Social Research Council.
Saturday, January 5th 2019 - 08:42 UTC
US delegation to hold trade talks in China on January 7/8, revealed Beijing

A US delegation will visit China next week for talks aimed at defusing the trade war between the world's two largest economies. The closely watched meeting follows a dismal week for US markets, with losses fuelled partly by trade fears.
Saturday, January 5th 2019 - 08:40 UTC
Fed brings relief to markets saying it would be “patient” about rate hikes

Federal Reserve Chair Jerome “Jay” Powell took steps to reassure financial markets on Friday, saying that the US central bank would be “patient” about rate rises. He also defended his independence, saying he would not resign if requested by US President Donald Trump.
Saturday, January 5th 2019 - 08:34 UTC
US economy ever so strong: 312.000 jobs added in December

The US economy created many more jobs than expected in December, according to the latest government data. Employers added 312,000 jobs, far ahead of predictions of 177,000, the Labor Department said.
Saturday, January 5th 2019 - 08:27 UTC
May's coalition allies insist: “no way” DUP will support the current Brexit deal

There is “no way” the Democratic Unionist Party will back Theresa May's Brexit deal, a leading figure has said. Sammy Wilson told the BBC he was “more alarmed” than ever about what the deal would mean for Northern Ireland.
Friday, January 4th 2019 - 08:54 UTC
Argentine industrial production plummeted 13.3% last October

Argentina industrial production plummeted 13.3% in October 2018 after plunging 6.8% in the previous month. It was the seventh straight drop and the sharpest decline since June 2002, as all categories fell excluding tobacco (+1.5%) and basic metals (+4.1%).
Friday, January 4th 2019 - 08:49 UTC
Ex Credit Suisse bankers and Mozambique officials charged with US$ 2bn fraud

Three former Credit Suisse bankers have been arrested over their alleged role in a US$ 2bn fraud scheme connected to firms in Mozambique, according to US authorities. The men have been released on bail in London while the US seeks their extradition.
Friday, January 4th 2019 - 06:55 UTC
Falklands to consider options to enlarge international airport terminal

Options for the extension of the Falkland Islands' Mount Pleasant airport passenger terminal will be considered by the local elected authorities in the coming weeks. According to Penguin News, quoting lawmaker MLA Barry Elsby, options will be put before the Executive Council early in the new year.