Economy

Tuesday, July 3rd 2018 - 07:13 UTC
Mexican peso weakens and stock market sheds 2% after Lopez Obrador sweeping Sunday victory

Mexico's stock market sank on Monday and the peso slid after presidential candidate Andres Manuel Lopez Obrador handily won election while his allies picked up a significant number of congressional seats. Mexico's benchmark stock index shed more than 2%, its steepest one-day drop in nearly five months, after Lopez Obrador on Sunday won with the widest margin in a presidential election since the 1980s
Monday, July 2nd 2018 - 20:47 UTC
Tension for the Brexit: Theresa May will meet with Angela Merkel and leaders of the EU

The British Prime Minister, Theresa May, will visit Berlin and the Netherlands in the coming days to meet with the German Chancellor Angela Merkel and Dutch authorities before assembling her government to finally decide what commercial relationship her country wants with the European Union (EU) in the future, commented her spokesman on Monday.
Monday, July 2nd 2018 - 08:31 UTC
Leading world car makers urge US not to impose tariffs on auto imports

BMW and Hyundai Motor urged the U.S. not to impose tariffs on auto imports, joining General Motors Co. in pressing their case to the Commerce Department even as a top aide to President Donald Trump dismissed the concerns as “smoke and mirrors.”
Monday, July 2nd 2018 - 08:25 UTC
Saudi Arabia prepared to help with Trump's request “to pump more oil”, but gives no specifics

President Donald Trump said over the weekend that he had received assurances from King Salman of Saudi Arabia that the kingdom will increase oil production, “maybe up to 2,000,000 barrels” in response to turmoil in Iran and Venezuela. Saudi Arabia acknowledged the call took place, but mentioned no production targets.
Monday, July 2nd 2018 - 08:17 UTC
Canadian retaliatory tariffs of US$ 12.6bn on US goods became effective

Canada began imposing tariffs Sunday on US$12.6 billion in U.S. goods as retaliation for the Trump administration's new taxes on steel and aluminum imported to the United States. Some U.S. products, mostly steel and iron, face 25% tariffs, the same penalty the United States slapped on imported steel at the end of May.
Saturday, June 30th 2018 - 15:49 UTC
Argentine Peso and equities end the week back on skid row

After a week of relative stability, the Argentine peso slid more than 2.5% percent on Friday, as an economic crisis marked by high inflation, wobbly growth and an outflow of capital began to bite again.
Saturday, June 30th 2018 - 15:47 UTC
Brazil's Temer approval rating in a new record: 4%

Brazilians' disapproval of Michel Temer's administration has risen from 72% to 79% in the second quarter of 2018, according to a survey conducted by the National Industry Confederation (CNI) and Ibope.
Saturday, June 30th 2018 - 13:18 UTC
EU leaders impatient with unresolved Brexit issues and UK's divided cabinet

Europe’s leaders demanded clarity from Theresa May on her plans for a post-Brexit trade deal, highlighting unresolved issues including Northern Ireland as their impatience over the Prime Minister’s divided Cabinet became clear.
Friday, June 29th 2018 - 16:34 UTC
Boeing’s passenger plans go hypersonic.

Boeing has unveiled a sleek, new hypersonic passenger plane capable of crossing the globe in hours and which could be available in 20 to 30 years.The US manufacturer says the concept could have passenger or military applications and is one of several its engineers are studying.
Friday, June 29th 2018 - 09:13 UTC
Beijing eases limits on foreign investment in banks, car industry and agriculture

The Chinese government has eased rules that limit foreign investment in the country's banks, car industry and agriculture. The barriers have drawn criticism from trading partners, including the US. The Trump administration cited the rules as an example of unfair practices when it announced plans for tariffs on Chinese goods earlier this year.