Economy

Tuesday, March 19th 2019 - 08:30 UTC
Danish Royals visit Argentina with a delegation to promete business and trade

Denmark's Queen Margrethe II and Crown Prince Frederik are spearheading an official state visit to Argentina which started this Monday ahead of a larger business delegation which seeks to make inroads in the country.
Tuesday, March 19th 2019 - 06:36 UTC
Singapore, Hong Kong and Paris, world's most expensive cities according to EIU

Singapore, Hong Kong and Paris have been named the world’s most expensive cities for expatriates to live in, according to a survey of 133 cities released on Tuesday by the Economist Intelligence Unit (EIU).
Tuesday, March 19th 2019 - 06:16 UTC
IMF commends Argentina's stabilization efforts, releases next US$ 10.8bn, but also demands more austerity

An International Monetary Fund (IMF) mission led by Mr. Roberto Cardarelli visited Argentina during February 11–22, 2019 to conduct discussions on the Third Review of Argentina’s IMF-supported program under the Stand-By Arrangement (SBA). Talks continued in Washington DC after the end of the mission.
Tuesday, March 19th 2019 - 05:44 UTC
Brexit turmoil: Speaker rules out third vote unless Mrs. May's deal is re-submitted in fundamentally different form

Prime Minister Theresa May’s Brexit plans were thrown into further turmoil on Monday when the speaker of parliament ruled that she could not put her divorce deal to a new vote unless it was re-submitted in a fundamentally different form.
Monday, March 18th 2019 - 09:51 UTC
Bolsonaro in Washington, meets Trump on Tuesday: closer political collaboration and Venezuela in the agenda

Brazilian President Jair Bolsonaro arrived in Washington on Sunday to meet with his U.S. counterpart, Donald Trump, and cement a conservative-populist alliance that, in part, aims to ramp up pressure on Venezuela.
Monday, March 18th 2019 - 08:39 UTC
Germany's two leading banks considering a merger: government supports

Germany's two biggest lenders, Deutsche Bank and Commerzbank, will hold formal talks about a merger. The announcement caps months of speculation that the two struggling banks would attempt to combine.
Monday, March 18th 2019 - 08:36 UTC
Chinese president Xi on state visits to Italy , Monaco and France

Chinese President Xi Jinping will travel to Italy, Monaco and France this week, the foreign ministry said on Monday, with Rome expected to join his global trade infrastructure program despite reservations in other European countries.
Saturday, March 16th 2019 - 10:15 UTC
IMF prepared to help Argentina stabilize exchange market volatility in election year

Argentina’s central bank wants to license market makers to help stabilize its embattled peso currency when the Treasury starts newly announced dollar sales in April. The bank hopes the market makers, dealers who agree to buy and sell at set prices, would bolster liquidity in the exchange market to help avoid the sharp gyrations the peso has suffered in recent weeks when it hit a record low of 42.5 pesos per dollar in thin trading.
Saturday, March 16th 2019 - 09:21 UTC
Venezuelan continued oil fallout presents a challenge for global markets, says IEA

A major advisor to energy producing nations has suggested that the continued fallout from Venezuela could present a “challenge” for global oil markets. The International Energy Agency (IEA) has warned that crude supplies from Venezuela are at risk of falling sharply in the midst of an electricity crisis which has paralyzed the country recently.
Friday, March 15th 2019 - 09:04 UTC
China approves foreign investment law hopefully to improve relations with US

China's rubber-stamp parliament approved a foreign investment law on Friday that was fast-tracked and may serve as an olive branch in trade talks with the United States. The legislation aims to address long-running grievances from foreign businesses, but the US and European chambers of commerce have voiced concerns that they were not given enough time to give their input.