Economy

• Friday, September 21st 2018 - 08:42 UTC

  Brazil stocks lower but the Real currency recovered against the US dollar

  

  Brazil stocks were lower after the close on Thursday, as losses in the real estate, industrial and financial sectors sectors led shares lower. At the close in Sao Paulo, the Bovespa index lost 0.01%.

• Friday, September 21st 2018 - 08:35 UTC

  US/Beijing trade war: China plans to reduce tariff rates on imports next October, reports Bloomberg

  

  China plans to reduce the average tariff rate on imports from most of its trading partners as soon as October, Bloomberg News reported on Thursday. In July, China cut import tariffs on almost 1,500 consumer products ranging from cosmetics to home appliances as part of efforts to open up its economy, the world’s second biggest.

• Friday, September 21st 2018 - 08:31 UTC

  Argentina/IMF making “important progress” on reforms for loan package, but no specific timeline

  

  Argentina's budget proposal submitted this week is a key element in the reforms needed for a new loan package for the crisis-hit country, an International Monetary Fund spokesman said Thursday.

• Friday, September 21st 2018 - 08:24 UTC

  Argentine stock market booming with new highs for seventh day running

  

  The Argentine stock market is booming and on Thursday confirmed its seventh day running increase as investors are flocking encouraged by an imminent accord between the president Mauricio Macri administration and the IMF for a new loan package including reforms and a balanced budget in the next 18/24 months.

• Thursday, September 20th 2018 - 08:42 UTC

  WTO deeply concerned with US/China trade dispute: both sides have “significant” ammunition

  

  The trade dispute between the United States and China could well expand into other areas given the significant “ammunition” the two countries have, the director-general of the World Trade Organization (WTO) said on Wednesday.

• Thursday, September 20th 2018 - 08:37 UTC

  Brazil leaves interest rates unchanged, as long as inflation remains in target range

  

  The Brazilian central bank on Wednesday held interest rates at an all-time low despite a currency selloff, as widely anticipated, but said it could “gradually” raise them in the future if inflation expectations spike.

• Thursday, September 20th 2018 - 08:32 UTC

  US supplants Brazil as leading supplier of soybeans to the European Union

  

  The United States has supplanted Brazil as the European Union's top supplier of soybeans since a deal in July with President Donald Trump to avert a trade war, according to EU data seen by Reuters on Thursday.

• Thursday, September 20th 2018 - 06:52 UTC

  Falklands Sea Lion development on track to begin offshore operations

  

  Negotiations continue with service providers for the Premier Oil-operated Sea Lion development in the offshore North Falkland basin. According to partner Rockhopper Exploration, Phase 1 will develop around 220 MMbbl in license PL032 and a further 300 MMbbl from the license’s remaining resources under Phase 2.

• Thursday, September 20th 2018 - 06:50 UTC

  Argentina's economy contracts 4.2% in second quarter: severe drought blamed

  

  Argentina's economy contracted sharply in the second quarter after a severe drought roiled agricultural production and as the country works with the International Monetary Fund to stem spiraling inflation and control government finances.

• Wednesday, September 19th 2018 - 09:05 UTC

  EU ready to address UK concerns over a “hard border” in post Brexit

  

  The European Union is ready to address key British concerns over Northern Ireland, the EU’s chief negotiator Michel Barnier said on Tuesday, in a clear push to get a Brexit deal effectively done in the next month.