Economy

• Tuesday, December 25th 2018 - 22:49 UTC

  Mexican Congress passes AMLO's first budget

  

  The Mexican House of Deputies Monday gave its final green light to the spending law bill - that is one week before the legal deadline - with funds relocated from autonomous bodies to sensitive areas such as agriculture, environment and public universities, it was announced.

• Monday, December 24th 2018 - 08:54 UTC

  US banks confirm “ample liquidity”, following Wall Street markets' plunge

  

  United States Treasury Secretary Steven Mnuchin has made calls to the heads of the country's six largest banks, a move to reassure investors after huge falls in US stocks. Last week, US stocks suffered one of the worst weekly falls in a decade as an interest rate rise and US-China trade tensions rattled markets.

• Sunday, December 23rd 2018 - 04:08 UTC

  Funds have been allocated to Argentina's Forensic Anthropology Team

  

  Last Thursday December 20, the Argentine ministry of Justice and Human Rights confirmed the transfer and payment order of the first of two outlays planned for the fiscal year, to the Argentine Forensic Anthropology Team, EAFF, which had complained a cut in funds.

• Saturday, December 22nd 2018 - 05:37 UTC

  Bank of England leaves interest rates on hold, but cautions about intensified Brexit uncertainties

  

  The Bank of England has kept interest rates on hold at 0.75% as it cautioned “intensified” Brexit uncertainties were slamming the brakes on UK growth. Policymakers on the Bank’s nine-strong Monetary Policy Committee (MPC) voted unanimously to keep rates unchanged in its last decision of 2018.

• Saturday, December 22nd 2018 - 03:43 UTC

  Brazilian judge halts Embraer-Boeing alliance yet again

  

  A Brazilian judge Thursday blocked yet again the merger of the commercial division of Embraer with Boeing, despite a joint announcement to the contrary a few days ago.

• Friday, December 21st 2018 - 12:03 UTC

  Santander fined £32.8m in UK for failing to process accounts of dead customers

  

  The Santander group has been fined more than £30m for “serious failings” in processing the accounts of dead customers, the Financial Conduct Authority (FCA) said. The FCA found that Santander failed to transfer funds worth more than £183m to beneficiaries.

• Friday, December 21st 2018 - 12:01 UTC

  Brazil’s development bank “must return” to the Treasury some US$ 25bn

  

  Brazil’s future economy minister wants state development bank BNDES to return 100 billion Reais, some US$25.7 billion, to the nation’s treasury in 2019, a newspaper reported, as the incoming government seeks to cut the nation’s hefty debt load.

• Thursday, December 20th 2018 - 09:21 UTC

  Another Brexit referendum “plausible” if deadlock in Parliament persists

  

  Another Brexit referendum will become a “plausible” way forward if there is deadlock in Parliament, Work and Pensions Secretary Amber Rudd has said. She told ITV's Peston show while she did not personally support another vote, the case for one would grow if MPs could not agree another solution.

• Thursday, December 20th 2018 - 09:20 UTC

  IMF Executive Board approves US$7.6 billion disbursement for Argentina

  

  The Executive Board of the International Monetary Fund (IMF) completed on Wednesday the second review of Argentina’s economic performance under the 36-month Stand-By Arrangement (SBA) that was approved on June 20, 2018.

• Thursday, December 20th 2018 - 08:59 UTC

  Fed raises interest rate but lowers 2019 forecast to two hikes in 2019

  

  The United States Federal Reserve raised its key interest rate on Wednesday for a fourth time this year but lowered its forecast to two hikes in 2019 amid the recent stock market sell-off and uncertain growth prospects.