Economy

Tuesday, January 8th 2019 - 06:54 UTC
Bolsonaro advances on the Amazon: head of environmental protection agency resigns

The head of Brazil's environmental protection agency has resigned following criticism from the country's newly inaugurated far-right President Jair Bolsonaro.
Monday, January 7th 2019 - 09:18 UTC
Rule out a “no-deal Brexit”, 200 plus all parties MPs call on Theresa May

More than 200 MPs from different political parties have signed a letter to Prime Minister Theresa May, urging her to rule out a no-deal Brexit. The MPs - including both Leave and Remain supporters - have been invited to meet the prime minister on Tuesday.
Monday, January 7th 2019 - 09:03 UTC
Oil Is at the mercy of Financial Markets

Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading. The price gains are not entirely convincing. WTI and Brent posted strong gains, each up more than 3 per cent by midday in New York, but come largely after U.S. equity markets shook off an earlier bout of pessimism.
Monday, January 7th 2019 - 08:44 UTC
New pound coin goes global with rollout to British Overseas Territories

United Kingdom Overseas Territories and Crown Dependencies will, for the first time, be able to design and mint their own versions of the new 12-sided £1 coin. The iconic £1 coin has long been recognized around the world and Brits living in UK territories may soon be able to spend unique versions of the new pound, replacing the older coins currently in use, reports the UK Treasury in an official release.
Saturday, January 5th 2019 - 09:06 UTC
Major “live test” in South England on Monday in the event of a no-deal Brexit

The British Government is to use up to 150 trucks in a major test of its plans for UK border disruption in the event of a no-deal Brexit. A “live test” on Monday will examine the proposal to use Manston airfield near Ramsgate as a mass “HGV holding facility” to alleviate congestion on the roads to the Channel ports, the Department for Transport has confirmed.
Saturday, January 5th 2019 - 08:59 UTC
New Brazilian administration prepared to open concentrated banking to foreign competition

The fast pace of Brazilian president Jair Bolsonaro continued on Friday, with current central bank Governor Ilan Goldfajn telling newspaper Valor Economico that the new administration is likely to empower the central bank to approve the entrance of new foreign lenders into Brazil.
Saturday, January 5th 2019 - 08:54 UTC
Markets disappointed with Bolsonaro's watered down pensions reform

Brazil President Jair Bolsonaro on Friday called for minimum retirement ages significantly lower than those proposed by his predecessor, sparking concerns among investors that he will back watered-down pension reform legislation.
Saturday, January 5th 2019 - 08:50 UTC
Grassroots conservatives want PM May's Brexit deal ditched, according to survey

More than half of grassroots Conservative members want Theresa May’s Brexit deal to be ditched in favour of no deal, a survey has found. About 57% of the rank and file are convinced that leaving the EU without a deal is better than their own leader’s Brexit plan, according to a poll funded by the Economic and Social Research Council.
Saturday, January 5th 2019 - 08:42 UTC
US delegation to hold trade talks in China on January 7/8, revealed Beijing

A US delegation will visit China next week for talks aimed at defusing the trade war between the world's two largest economies. The closely watched meeting follows a dismal week for US markets, with losses fuelled partly by trade fears.
Saturday, January 5th 2019 - 08:40 UTC
Fed brings relief to markets saying it would be “patient” about rate hikes

Federal Reserve Chair Jerome “Jay” Powell took steps to reassure financial markets on Friday, saying that the US central bank would be “patient” about rate rises. He also defended his independence, saying he would not resign if requested by US President Donald Trump.