Economy

Thursday, June 21st 2018 - 07:27 UTC
“A crucial step” for Theresa May: Parliament passes EU Withdrawal Bill

Theresa May has welcomed the passing of the Brexit bill through Parliament as “a crucial step” in delivering a “smooth and orderly Brexit”. Peers accepted the amendment to the EU (Withdrawal) Bill sent to them from the House of Commons, meaning the bill now goes for Royal Assent, becoming law.
Thursday, June 21st 2018 - 06:55 UTC
A good one for Macri: MSCI decides to reclassify Argentina as an emerging market

Index provider MSCI said on Wednesday it will reclassify Argentina as an emerging market and begin including Saudi Arabia in that classification, sharply broadening the investor base for both countries in a move that could be supportive of their equity markets. The decisions will be effective beginning in mid-2019.
Wednesday, June 20th 2018 - 09:12 UTC
Kim in China underlines “friendship, unity and cooperation” with Beijing

Kim Jong Un declared North Korea's unstinting “friendship, unity and cooperation” with Beijing during his third visit to China this year, in a show of loyalty to his main ally following a landmark summit with US President Donald Trump.
Wednesday, June 20th 2018 - 08:54 UTC
Ecuadorean ex president included in kidnapping investigation

Ecuador's highest court has ordered former President Rafael Correa included in an investigation into a 2012 botched kidnapping of an opposition lawmaker. The judge in charge of the case gave Correa a month to clear his name.
Wednesday, June 20th 2018 - 08:50 UTC
Cuba actively promotes foreign investment to prop the economy

The Cuban government opened on Monday the 3rd Edition of International Convention and Exhibition of Cuban Industry (CubaIndustria 2018), seeking to attract foreign investors to revitalize the country's economy.
Wednesday, June 20th 2018 - 08:37 UTC
General Electric loses its place in the Dow Jones average after more than 100 years

General Electric is losing its place on the Dow Jones Industrial Average after more than 100 years in a move that reflects a fall in the firm's fortunes and changes to the US economy. Walgreens Boots Alliance is to take its spot on the financial index, which tracks shares of 30 companies deemed representative of the US economy. The change takes effect on 26 June.
Wednesday, June 20th 2018 - 08:31 UTC
Global Index decides on Wednesday if it includes Argentina and Saudi Arabia

Global index compiler MSCI is considering including Argentina and Saudi Arabia in its emerging market indexes at a review of its widely-tracked benchmark on Wednesday, and could potentially announce candidates that may join its indexes in future.
Wednesday, June 20th 2018 - 08:24 UTC
Brexit bill (and Theresa May) face crucial vote in a divided House

Prime Minister Theresa May’s Brexit plans were rejected by parliament’s upper chamber on Monday, setting up a confrontation with pro-EU MPs later this week which will test her ability to lead a minority government.
Wednesday, June 20th 2018 - 06:54 UTC
Argentine central bank contains run on the Peso, and major dumping of bonds

Argentine bonds touched their lowest levels of market-friendly President Mauricio Macri's term on Tuesday, but rebounded in a volatile trading session. Meanwhile the country risk (a measure of the difference between its bond yields and those issued by other countries) rose as much as 27 points to a 33-month peak.
Tuesday, June 19th 2018 - 08:58 UTC
Falklands' mobile services provider announces network improvement

The Falkland Islands Communications Regulator has reminded the public of changes coming this week to mobile services provided by Sure, which follows the switchover of existing services to the new mobile network.