Economy

Friday, November 2nd 2018 - 07:47 UTC
Two ex Goldman Sachs bankers charged in connection to fraudulent Malaysian fund

Two former Goldman Sachs investment bankers were charged on Thursday with helping to raise money for a Malaysian investment fund that has lost US$ 4 billion, according to United States federal prosecutors. Tim Leissner, 48, and Roger Ng, 51, were charged in a three-count criminal indictment in Brooklyn federal court on Thursday.
Friday, November 2nd 2018 - 07:37 UTC
US/China trade talks “moving along nicely”; Trump and Xi plan to meet at G20 in Argentina

U.S. President Donald Trump and Chinese President Xi Jinping both expressed optimism on Thursday about resolving their bitter trade disputes ahead of a high-stakes meeting planned for the two leaders at the end of November in Argentina.
Thursday, November 1st 2018 - 14:00 UTC
All set for Montevideo to become Bolivia's access to the Atlantic Ocean

Two riverboat shipping companies are interested in carrying cargo from Bolivia through the Paraná-Paraguay waterway to the port of Montevideo, Uruguay's National Ports Administration (ANP) president, Alberto Díaz, said Wednesday.
Thursday, November 1st 2018 - 08:50 UTC
Brazil leaves interest rates unchanged at an all time low: reduced risks of inflation

Brazil’s central bank on Wednesday held interest rates at an all-time low less than a week after the victory of far-right lawmaker Jair Bolsonaro in presidential elections allayed fears of a currency sell-off.
Thursday, November 1st 2018 - 08:41 UTC
Buenos Aires and Ushuaia consider hosting the 2026 Winter Olympics

Argentina could be a late candidate to host the 2026 Winter Olympics, the country's Olympic Committee said on Wednesday, as the three current bidders face major obstacles ahead of next year's decision by the International Olympic Committee (IOC).
Thursday, November 1st 2018 - 08:28 UTC
Middle income BOTs hit by natural disasters could have access to OECD aid

British overseas territories hit by natural disasters could get access to foreign aid under plans agreed by the richest nations, according to a report from the BBC. Some Caribbean islands damaged last year by hurricanes did not get official development assistance because their national incomes were too high.
Thursday, November 1st 2018 - 08:06 UTC
Russia lifts ban on imports of pork and beef from nine Brazilian plants

Russia's agriculture safety watchdog said on Wednesday it would allow imports of beef and pork from nine Brazilian plants beginning on Thursday, ending an 11-month ban triggered by concerns about the safety of their meat products.
Thursday, November 1st 2018 - 06:56 UTC
Brazilian ministers object Bolsonaro's plans to merge Agriculture and Environment

Brazil’s environment and agriculture ministers on Wednesday criticized President-elect Jair Bolsonaro’s plans to merge their departments, saying it would hurt the country’s agenda on both fronts. Bolsonaro has pledged to roughly halve the number of existing ministries in an effort to reduce bureaucracy and government bloat. He also vowed to merge the planning, finance and industry ministries into one super ministry.
Thursday, November 1st 2018 - 06:12 UTC
The Times reports EU/UK tentative deal on financial services: sterling jumps 0.6%

British Prime Minister Theresa May has struck a deal with the European Union that would give UK financial services companies continued access to European markets after Brexit, the Times reported on Thursday.
Wednesday, October 31st 2018 - 09:01 UTC
Several Army generals expected in Bolsonaro's cabinet to be announced next Monday

Brazil’s far-right president-elect, Jair Bolsonaro, is likely to tap army generals and an ultra-free-market economist for key roles in his cabinet. The former army captain styles himself as an outsider, even though he has spent a long career in Congress, and has mostly sought prospective ministers with little political experience.