Economy

• Friday, February 22nd 2019 - 09:03 UTC

  “No deal Brexit” deepens gap in Westminster; PM May warned “dozens” of loyal Tory MPs could rebel

  

  Dozens of normally loyal Conservative MPs could rebel against the government in a bid to prevent a “no-deal” Brexit, Downing Street has been warned. Leaders of the Brexit Delivery Group of both Leavers and Remainers say MPs may back alternatives if Mrs Theresa May's reworked deal cannot command a Commons majority.

• Thursday, February 21st 2019 - 15:24 UTC

  Standard Chartered bank puts aside US$ 900m for potential fines in US and UK

  

  Standard Chartered is putting aside US$ 900 million for potential fines involving investigations in Britain and the US. The money will cover separate investigations into breaches of US sanctions and foreign exchange trading issues.

• Thursday, February 21st 2019 - 09:23 UTC

  Macri in Vietnam pledges closer relationship between the two countries

  

  Vietnam sees Argentina as its most important partner in Latin America and hopes to consolidate and strengthen its comprehensive partnership with the country, Prime Minister Nguyễn Xuân Phúc said on Wednesday.

• Thursday, February 21st 2019 - 09:18 UTC

  Swiss bank UBS fined €3.7bn in France for helping clients launder proceeds of tax fraud

  

  Swiss banking giant UBS has been fined €3.7bn (US$4.2bn) in a French tax fraud case. A court in Paris found that the bank had illegally helped French clients hide billions of Euros from French tax authorities between 2004 and 2012.

• Thursday, February 21st 2019 - 09:05 UTC

  Fed changes focus from interest rates to balancing reduction of the US$ 4 trillion it holds in assets

  

  The United States Federal Reserve on Wednesday signalled they will soon lay out a plan to stop letting go of US$4 trillion in bonds and other assets, but policymakers are still debating how long their newly adopted “patient” stance on U.S. rates policy will last.

• Thursday, February 21st 2019 - 08:44 UTC

  Bolsonaro presents to Congress his pensions overhaul... Where are the necessary votes?

  

  Brazilian President Jair Bolsonaro delivered his proposed pension overhaul to Congress on Wednesday, aiming to save over 1 trillion reais (US$270 billion) in a decade by changing tax rates, delaying retirement and creating individual savings accounts.

• Thursday, February 21st 2019 - 08:34 UTC

  Taiwan to the rescue of “socialist” Ortega with a 20-year US$ 100 million loan

  

  Nicaragua's Congress on Tuesday accepted a US$ 100 million loan offered by Taiwan, giving a line of support to President Daniel Ortega's government, which has become increasingly isolated after a brutal crackdown on protesters last year.

• Thursday, February 21st 2019 - 08:26 UTC

  Theresa May's talks in Brussels scale down to “constructive” from “robust”

  

  British Prime Minister Theresa May said she held “constructive” talks in Brussels on Wednesday as she sought concessions on Brexit from a sceptical European Union, her strategy further battered by the defection of three lawmakers.

• Wednesday, February 20th 2019 - 10:23 UTC

  British OTs Attorneys General Conference in Cayman, the last before UK leaves the EU

  

  The two-day Overseas Territories Attorneys General Conference 2019 kicked off Tuesday morning, with AGs and other delegates from 13 jurisdictions gathering in Cayman to discuss issues of mutual interest. The issues scheduled to be discussed included Brexit, anti-corruption, natural disasters, criminal justice and human rights.

• Wednesday, February 20th 2019 - 10:20 UTC

  Macri invites Indian business people to invest in Argentina underlining its food power capacity

  

  With the aim to reinforce existing business and explore new business opportunities between Argentina and India, President of Argentine Republic, Mauricio Macri addressed the India-Argentine Business Forum on Tuesday at Taj Mahal Palace Hotel.