Economy

Saturday, March 2nd 2019 - 08:35 UTC
UK will not lower its food standards to secure a post-Brexit trade deal with US

The UK will not lower food standards to secure a post-Brexit trade deal with the US, the government says. It comes after Washington published its objectives for a US-UK trade pact. The US wants “comprehensive market access” for its farmers' products that would see more US-made food on British supermarket shelves.
Saturday, March 2nd 2019 - 05:31 UTC
Macri defended his austerity policies before Congress in the midst of applause, and heckling from the opposition

President Mauricio Macri delivered a robust defense of his austerity policy on Friday in a State of the Union address to Argentina's Congress ahead of a reelection bid in October. Macri went on the offensive in a turbulent session that featured shouts and heckling from opposition lawmakers, declaring there was no turning back on his policies.
Saturday, March 2nd 2019 - 05:05 UTC
Falklands' most productive half acre and vegans' organic dream

Tucked way under the hill and half hidden by 10,000 young trees it’s easy to forget how vast the area is covered by Stanley Growers Ltd. in the Falkland Islands, to the east of the capital Stanley.
Thursday, February 28th 2019 - 10:00 UTC
Desperate Maduro regime appealing to the sale of central bank's gold

At least 8 tons of gold were removed from the Venezuelan central bank’s vaults last week, an opposition legislator and three government sources told Reuters, in the latest sign of President Nicolas Maduro’s desperation to raise hard currency amid tightening sanctions.
Thursday, February 28th 2019 - 09:18 UTC
Argentina's economic activity dropped 2.6% in 2018, says Indec

Argentina's economic activity fell 2.6% in 2018 versus the previous year, government statistics agency Indec said on Wednesday, underscoring the turmoil that dragged the country into recession last year.
Thursday, February 28th 2019 - 09:15 UTC
US trade deficit widens sharply in December: imports increase, exports drop

The US trade deficit widened sharply in December as slowing global demand and a strong dollar weighed on exports, another sign that economic growth slowed in the fourth quarter. Other data from the Commerce Department on Wednesday showed new orders for US-made goods barely rose in December and business spending on equipment was much weaker than previously thought, pointing to a softening in manufacturing activity.
Thursday, February 28th 2019 - 09:10 UTC
China's manufacturing activity shrinks for a third straight month in February

China's manufacturing activity shrank for a third straight month in February, sinking to its worst performance in three years as the economy slows and the US trade war bites, official data showed on Thursday. The Purchasing Managers' Index (PMI), a gauge of factory conditions, came in at 49.2 for the month, down from 49.5 in January, according to the National Bureau of Statistics (NBS).
Thursday, February 28th 2019 - 08:37 UTC
Brazilian consortium interested in Ford's Sao Paulo manufacturing plant

Brazilian automaker CAOA, which produces vehicles with Korea’s Hyundai Motor Co and China’s Chery Automobile Co, is in talks to buy a Ford Motor Co plant in the country that is slated to close by 2019, according to sources reported in the Sao Paulo media.
Thursday, February 28th 2019 - 08:23 UTC
Investigation into Odebrecht corruption network in the Netherlands

Prosecutors raided locations across the Netherlands on Tuesday as part of an investigation into the alleged use of shell companies to distribute US$ 100 million in bribes on behalf of Brazilian conglomerate Odebrecht SA.
Wednesday, February 27th 2019 - 09:27 UTC
Orthodox, US trained economist, Campos Neto confirmed as Brazilian central bank governor

Brazil's Senate-confirmed Roberto Campos Neto as central bank governor on Tuesday, after he stressed that controlling inflation and reining in public spending were critical to supporting economic growth.