Economy

Tuesday, October 30th 2018 - 08:40 UTC
UK Budget time: “Austerity coming to an end” announces Chancellor Hammond

Chancellor of the Exchequer Philip Hammond has said the “era of austerity is finally coming to an end”, in his last Budget before Brexit. He spent a windfall from better public finances on more money for universal credit and bringing forward planned income tax cuts by a year.
Sunday, October 28th 2018 - 18:00 UTC
Fitch cautious about UK as no-deal Brexit scenario looks inevitable

The increased likelihood of a no-deal Brexit scenario has led ratings agency Fitch to envision serious damages to the United Kingdom's economy for future assessments, although it maintained Britain's long-term AA grade... For now.
Sunday, October 28th 2018 - 16:55 UTC
Last minute polls confirm Bolsonaro will be Brazil's next elected president

The ultra right candidate Jair Bolsonaro continued ahead of Fernando Haddad in the runoff for the Brazilian presidency scheduled to take place this Sunday, 28 October. According to the latest public opinion poll, released late Saturday, the ex Army captain and paratrooper had a 54% of valid votes support while the Workers Party hopeful stood at 46%, that is an eight points difference.
Saturday, October 27th 2018 - 09:50 UTC
Markets confident of Bolsonaro victory: stocks up 2% and Real logs sixth straight sessions' win

Brazilian stocks index, Bovespa, rose nearly 2% on Friday ahead of this weekend's presidential election, whole Brazil's Real further consolidated. The MSCI's index of emerging market stocks in the region gained 1.24%. Although, the region's markets fared better than emerging markets elsewhere, they were on track to end a five-week winning streak.
Saturday, October 27th 2018 - 09:43 UTC
Government and consumer spending boosts US economy in third quarter

The US economy slowed less than expected in the third quarter as a tariff-related drop in soybean exports was partially offset by the strongest consumer spending in nearly four years, keeping it on track to hit the Trump administration’s 3% growth target this year.
Saturday, October 27th 2018 - 09:38 UTC
IMF completes review of Argentina's stand-by loan; Lagarde praises performance

The Executive Board of the International Monetary Fund (IMF) completed on Friday the first review of Argentina’s economic performance under the 36-month Stand-By Arrangement (SBA) that was approved on June 20, 2018.
Saturday, October 27th 2018 - 09:28 UTC
Falklands' penguin series of coins features the Rockhopper in full color

The government and treasury of the Falkland Islands have issued the fifth and final coin which is part of an overall five-coin set featuring one of the planet’s most curious and unique species of bird, the penguin.
Saturday, October 27th 2018 - 09:06 UTC
Falklands retail prices increased 3% over the last twelve months

The Falkland Islands retail price index (RPI) increased by 3% over the last 12 months, the Standing Finance Committee was told this week. The hike is principally down to an increase in the cost of fuel and power (excluding fuel for transport), which led to a 1.6% increase in the index, and food and non-alcoholic beverages, which further raised it by 1.1%.
Saturday, October 27th 2018 - 09:01 UTC
S&P lowers Italy's outlook to negative; criticizes Rome's economic and fiscal policies

Standard & Poor’s on Friday left Italy’s sovereign debt rating unchanged but lowered its outlook to negative from stable, saying that the new government’s policy plans were weighing on the country’s growth and debt prospects.
Saturday, October 27th 2018 - 08:56 UTC
Sunday regional vote in Germany could decide survival of a weakened Merkel coalition

A Sunday regional election in Germany is closely scrutinized since the ruling coalition's survival much hangs upon the outcome of a state vote. Even before the first voters set foot in Hesse's polling stations, it is widely accepted that what happens in Hesse will have consequences in Berlin. For the German government and perhaps even for the German leader herself.