Economy

Thursday, October 4th 2018 - 08:43 UTC
Brazilian markets soar on prospects of a Bolsonaro victory next Sunday

Brazilian markets soared for a second day on Wednesday on an opinion poll confirming right-wing presidential candidate Jair Bolsonaro was gaining steam ahead of Sunday’s vote and was on track to beat his likely leftist rival in a second-round runoff.
Thursday, October 4th 2018 - 08:24 UTC
Argentine Peso strengthens for third day running supported by high interest rate for short term debt

Argentina’s peso rallied for a third straight day on Wednesday, after high-interest short-term debt issued by the central bank soaked up liquidity, a strategy that has raised concern about the sustainability of the country’s program.
Thursday, October 4th 2018 - 08:23 UTC
Juncker insists the EU wants a deal with the UK, despite all the bitter exchanges

European Commission president Jean-Claude Juncker has issued a fresh warning to Theresa May that there must be agreement on the Irish border if she wants a Brexit deal.
Thursday, October 4th 2018 - 07:55 UTC
Spain's Supreme Court confirms jail term for ex IMF chief Rodrigo Rato

Spain’s Supreme Court has confirmed a four-and-a-half year prison sentence for former International Monetary Fund head Rodrigo Rato for misusing a Spanish bank’s corporate credit card.
Thursday, October 4th 2018 - 07:04 UTC
Oil hits new high ahead of US sanctions on Iran supply, and despite Russia and Saudi higher production

Brent crude rose nearly 2% after hitting a four-year high on Wednesday as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year’s largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.
Wednesday, October 3rd 2018 - 08:28 UTC
Brazilian markets surge on strong polling for extreme right Bolsonaro

Brazilian markets surged on Tuesday as stronger polling for far-right presidential candidate Jair Bolsonaro and a Congressional farm caucus endorsement boosted expectations that he may block the leftist Workers Party from returning to power.
Tuesday, October 2nd 2018 - 08:58 UTC
The possible economic options behind Bolsonaro and Haddad

Behind Brazil's polarized presidential election, and unpredictable result, the business class in Latin America's largest economy looking for clear signals of what can be expected as of 2019 either from the former army captain Jair Bolsonaro or from economist Fernando Haddad, handpicked by Lula da Silva as his successor. Hopefully not a choice between “awful” and “extremely awful”
Tuesday, October 2nd 2018 - 08:57 UTC
Trump hails the launching of the United States/Mexico/Canada trade agreement

After 14 months of talks between the United States and its closest allies, President Donald Trump celebrated the United States Mexico Canada Agreement, or USMCA, a new trade agreement that is poised to replace the North American Free Trade Agreement, or NAFTA.
Tuesday, October 2nd 2018 - 08:35 UTC
“UK would leave without a deal rather than be bullied into a one-sided agreement”

Dominic Raab, the British minister responsible for Brexit has told the EU to “get real” and reach a deal with the UK, and said EU chiefs had disrespected Theresa May with “jibes” at a recent summit. Raab underlined that the UK would leave without a deal rather than be “bullied” into signing a “one-sided” arrangement.
Tuesday, October 2nd 2018 - 08:29 UTC
“Tories will also be the party of business”, Hammond tells Conservative conference

Conservatives cannot afford to look like the party of “no change”, British Chancellor Philip Hammond has warned colleagues. Mr Hammond said the Tories could not “outspend” Jeremy Corbyn's Labour with “short-term gimmicks”. Instead he said they urgently needed to make the case for capitalism and “take our people with us”.