Economy

Tuesday, January 15th 2019 - 08:41 UTC
China's trade figures point reveals a strong weakening of the economy, and global demand

Chinese exports saw the steepest fall for two years in December, according to the latest trade figures. Exports from China fell 4.4% last month compared with the year before, while imports fell 7.6%. The figures indicate a further weakening in the strength of the world's second biggest economy and sent Asian stock markets lower on Monday.
Tuesday, January 15th 2019 - 08:36 UTC
Bolsonaro pensions reforms aim to save some US$ 270bn in ten years

Far-right Brazilian president Jair Bolsonaro’s new government wants to save 1 trillion Rreais (some US$ 269.48 billion) over 10 years via pension reforms economists say are vital to undo the growing fiscal deficit, a Brazilian newspaper reported on Monday.
Monday, January 14th 2019 - 09:31 UTC
Argentina's annual inflation during 2018 estimated at 48%, highest since 1991

Argentina's stats office Indec, is scheduled to announce December's inflation and for the whole of a very volatile 2018 next Tuesday, with estimates ranging at 48%, the highest in the country since 1991. November's Consumer Price Index was 3.2%.
Monday, January 14th 2019 - 09:00 UTC
PM May Monday speech to impede “catastrophic” defeat in Parliament and Labour no confidence vote

British Prime Minister Theresa May is making a last-ditch attempt to persuade MPs to back her Brexit deal as Tuesday's key Commons vote looms closer. She will use a speech on Monday to warn that Parliament is more likely to block Brexit than let the UK leave with no deal.
Monday, January 14th 2019 - 08:52 UTC
As US government shutdown breaks record, Senator close to Trump calls for dialogue

A senior US Republican has urged President Donald Trump to temporarily reopen parts of the government shut down for more than three weeks. Senator Lindsey Graham, who is close to Mr Trump, said a limited re-opening of a few weeks would allow talks to resume between Republicans and Democrats.
Monday, January 14th 2019 - 06:40 UTC
Premier record oil production helps significant cuts in its debts

Premier Oil has taken advantage of its second consecutive year of record oil production to make larger than expected cuts into its still-significant debts. The London-listed oil and gas developer, with interests in the Falkland Islands, expects its financial results to reveal end-of-year debts of US$2.3 billion, after removing US$390 million from the total following a sharp rise in oil output.
Monday, January 14th 2019 - 06:28 UTC
EU fishing discards' ban policy became effective this month: challenge for industry

On 1 January, the wasteful practice of throwing fish discards overboard became illegal in waters of the European Union. Scientists believe the policy will lead to more efficient fisheries and eventually boost stocks.
Saturday, January 12th 2019 - 10:34 UTC
Excessive high-risk premium for Argentine assets, claims Macri official

Investors have placed an excessively high-risk premium on Argentine assets compared to their peers, according to Finance Secretary Santiago Bausili, quoted in a report by Bloomberg. Argentina's country risk rating has been hovering at 7.0 percentage points.
Saturday, January 12th 2019 - 10:22 UTC
EU multinationals refuse to collaborate with Brazil justice investigating Petrobras corruption

Commodities trader Trafigura has refused a judge's order to hand over the email archives of two former executives in Brazil who are facing corruption charges over accusations they bribed officials at state-run oil firm Petrobras.
Friday, January 11th 2019 - 21:16 UTC
Mexico's crackdown on fuel theft generates supply shortfalls

Gasoline shortages in Mexico sparked by a crackdown on fuel theft prompted warnings from business leaders that industries like car making will suffer if the shortfalls persist as lines at gas stations in the capital grew during the week.