Economy

• Saturday, June 23rd 2018 - 08:43 UTC

  Anti-Brexit campaigners take to the streets in London on second anniversary of the referendum

  

  Anti-Brexit campaigners who want the public to have the final say on the UK's departure will take to the streets later on Saturday to argue it is “not a done deal”. The London march comes on the two year anniversary of the 2016 vote to leave. People's Vote, which wants a referendum on any exit deal, said people must make their “voices heard” about the damage of leaving next year without agreement.

• Friday, June 22nd 2018 - 09:16 UTC

  Stocks up 6% and the Peso stabilized following MSCI upgrade of Argentina

  

  Argentine stocks surged on Thursday after index provider MSCI upgraded the country to its emerging markets index a day earlier, a respite from months of dismal economic news for market-friendly President Mauricio Macri. The local Merval stock index closed up 6%, led by industrials and banks. Investment bank Grupo Financiero Valores led gains, rising 18.3%, while aluminum producer Aluar rose 13%.

• Friday, June 22nd 2018 - 08:57 UTC

  US/China trade dispute: Beijing says US suffers of a “symptom of paranoid delusions”

  

  U.S. protectionism is self-defeating and a “symptom of paranoid delusions” that must not distract China from its path to modernization, Chinese state media said on Friday. China has stepped up its war of words with the United States since President Donald Trump threatened on Monday to hit US$ 200 billion of Chinese imports with 10% tariffs if China retaliates against his previous targeting of US$ 50 billion in imports.

• Friday, June 22nd 2018 - 08:52 UTC

  Unequivocal EU support for Dublin: no Brexit deal without agreement on the Irish border

  

  European Commission president Jean-Claude Juncker has warned the UK there will be no Brexit deal without agreement on the Irish border. On a visit to Dublin, Mr Juncker said fellow EU member states would not let Ireland be “isolated” on the impasse, insisting the demand for a resolution was a Europe-wide demand.

• Friday, June 22nd 2018 - 08:22 UTC

  “Power grab” controversy at the British/Irish Council agenda in Guernsey

  

  Nicola Sturgeon is to meet senior UK government politicians for the first time since accusing them of “ripping up” the devolution settlement. The first minister will hold talks with Cabinet Office Minister David Lidington in Guernsey.

• Friday, June 22nd 2018 - 08:15 UTC

  Airbus warns UK on Brexit and “its severe negative consequences”

  

  Airbus has warned it could leave the UK if the country exits the European Union single market and customs union without a transition deal. The European plane maker said the warning was not part of “project fear, but its dawning reality”. Airbus employs about 14,000 people at 25 different sites in the UK.

• Thursday, June 21st 2018 - 08:23 UTC

  Brazil central bank unveils block-chain platform to facilitate info exchange between financial regulators

  

  Brazil’s central bank has unveiled details of a newly-developed block-chain platform that will be used to facilitate information exchange between the country’s financial regulators. Dubbed ‘Pier’, the block-chain was developed by the Banco Central do Brasil (BCB)’s own IT department and will be used to share data securely between the central bank and other domestic regulators, BSB, said in an announcement.

• Thursday, June 21st 2018 - 08:12 UTC

  Brazil leaves Selic benchmark rate unchanged at 6.5%; central bank assessing impact of truckers strike

  

  Brazil’s central bank kept interest rates unchanged on Wednesday, as expected, refraining from hiking even after a sharp currency slide as policymakers highlighted the unclear impact of a nationwide protest by truckers in late May.

• Thursday, June 21st 2018 - 08:03 UTC

  IMF Executive Board approves US$50bn Stand-By Arrangement for Argentina

  

  The Executive Board of the International Monetary Fund (IMF) approved on Wednesday a three-year Stand-By Arrangement (SBA) for Argentina amounting to US$50 billion (equivalent to SDR 35.379 billion, or about 1,110 percent of Argentina’s quota in the IMF).

• Thursday, June 21st 2018 - 07:46 UTC

  Siemens UK claims current Brexit scenario “very difficult...we don't know what we are planning for”

  

  United Kingdom should remain in the customs union after Brexit unless there is a proper alternative, the boss of Siemens UK has said. Jürgen Maier, chief executive of the German firm's UK operations, told Reuters contingency planning for Brexit was “very difficult” as “we don't know... what we are planning for”.