Economy

Wednesday, February 6th 2019 - 08:37 UTC
UK's service sector stagnated in January: new orders fell for the first time in 30 months

The UK's service sector stagnated last month, with new orders falling for the first time in two-and-a-half years, according to the IHS Markit/CIPS purchasing managers' index (PMI). The figures showed a reading of 50.1 in January lower than December's 51.2.
Tuesday, February 5th 2019 - 09:35 UTC
Trump's pick for the World Bank, a skeptic of multilateral institutions

The Trump administration has notified World Bank shareholders that President Donald Trump intends to pick senior Treasury Department official David Malpass as the U.S. nominee to lead the development lender, people familiar with the decision said on Monday.
Tuesday, February 5th 2019 - 07:40 UTC
Falklands' government and BFSAI plan to build 70 new houses in the next three years

The Falkland Islands Government (FIG) with the support of British Forces South Atlantic Islands (BFSAI) are seeking expressions of interest from developers and investors wanting to find out more about an ambitious range of housing development opportunities in the Falkland Islands.
Tuesday, February 5th 2019 - 06:15 UTC
Impact of a “no deal Brexit” for the tourism industry and jobs in UK

Over 300,000 jobs could be at risk in the Travel & Tourism sector in the United Kingdom and almost 400,000 in Europe if the UK leaves the EU without a deal on 29 March, according to a new analysis from the World Travel & Tourism Council released on Monday. A “No Deal” Brexit would have a damaging impact on one of the UK’s most important economic sectors.
Monday, February 4th 2019 - 08:54 UTC
Japan's Nissan scrapping plans to make its X-Trail sports utility vehicle in UK

Japanese carmaker Nissan is cancelling plans to make the next model of its X-Trail sports utility vehicle in Britain, less than two months before the country is due to leave the European Union, broadcaster Sky News said on Saturday.
Monday, February 4th 2019 - 08:50 UTC
Brazilian industrial output up 1.1% last year compared to 2017

Brazil's industrial output increased 1.1% in 2018, the Brazilian Institute of Geography and Statistics (IBGE) announced. According to IBGE, though the annual figures were positive, the industrial sector grew at a slower pace than it registered in 2017, when production increased 2.5%.
Monday, February 4th 2019 - 08:05 UTC
Macri on an ambitious trade and cooperation visit to India

Argentine president Mauricio Macri will be visiting India from February 17 to 19 as part of an ambitious bilateral agenda to expand trade and cooperation in a range of sectors including renewable energy, nuclear energy, space and agriculture, aviation, mining (lithium, gold and copper), pharmaceuticals and automobiles.
Sunday, February 3rd 2019 - 10:36 UTC
Latin American markets reacted positively to Fed' message of “wait and see”

Most Latin American stocks rose on Friday after U.S. economic data pointed to the possibility that the Federal Reserve could keep interest rates unchanged. Shares extended their rally after U.S. employment and manufacturing data underscored a strong economy with little wage inflation.
Saturday, February 2nd 2019 - 08:59 UTC
Argentine central bank “ready” to counter surprises ahead of this year's presidential election

Argentina’s central bank has sufficient dollar firepower to deal with a spike in demand for the greenback if uncertainty over the country’s upcoming presidential election prompts another run on the peso, bank sources said on Friday.
Friday, February 1st 2019 - 11:15 UTC
Italian economy in recession, and likely to continue during the year

Italy's economy tipped into recession at the end of last year, according to latest figures. In the final three months of 2018, the economy shrank by 0.2%, following a 0.1% decline in the third quarter, the Istat statistics office said. Italian Prime Minister Giuseppe Conte said the contraction was likely to continue into 2019.