Economy

Tuesday, September 18th 2018 - 08:58 UTC
Trump escalates the trade war with China imposing 10% tariffs on US$ 200bn imports

United States president Donald Trump escalated his trade war with Beijing, imposing 10% tariffs on about US$ 200 billion worth of imports in a move one senior Chinese regulator said “poisoned” the atmosphere for negotiations.
Tuesday, September 18th 2018 - 08:51 UTC
IMF's Lagarde: A no-deal Brexit would entail substantial costs for the UK economy

The International Monetary Fund has warned that a “no-deal” Brexit on World Trade Organization terms would entail “substantial costs” for the UK economy. IMF said that all likely Brexit scenarios would “entail costs”, but a disorderly departure could lead to “a significantly worse outcome”.
Tuesday, September 18th 2018 - 08:38 UTC
Growing demand for a second referendum on Brexit, but time is running out

Calls for a second referendum on Brexit are mounting as Britain approaches the last six months before leaving the EU - but the sands of time could be running out for diehard Remainers. London Mayor Sadiq Khan became the latest big name to call for a vote, joining former prime ministers Tony Blair and John Major and celebrities like football star Gary Lineker.
Tuesday, September 18th 2018 - 06:56 UTC
Argentine Peso recovers on an IMF support message and budget presentation to Congress

Argentina's battered Peso currency inched higher and the risk of its bonds defaulting declined after the government unveiled its budget plan and the IMF said “important progress” had been made on revamping the country's standby loan agreement.
Monday, September 17th 2018 - 08:12 UTC
International support for Argentina's general strike against IMF austerity measures

The International Trade Union Conference, ITUC’s affiliates in Argentina, CGT, CTA-A and CTA-T have announced a general strike for 24-25 September in opposition to expected sweeping austerity measures being developed by the government and the International Monetary Fund.
Monday, September 17th 2018 - 08:07 UTC
Falklands at UK key party conferences, six months ahead of Brexit

Falkland Islands Members of the Legislative Assembly Mark Pollard and Stacy Bragger are travelling to the UK to attend Labor and Conservative Party Conferences. This is a special year for British politics given the ongoing Brexit debate, and countdown to UK leaving the European Union on 29 March 2019.
Monday, September 17th 2018 - 07:39 UTC
UK multiuse satellite launched from India, will monitor suspicious shipping activity

The first all-British radar satellite has launched to orbit on an Indian rocket from Satish Dhawan spaceport. Called NovaSAR, it has the ability to take pictures of the surface of the Earth in every kind of weather, day or night. The spacecraft will assume a number of roles but its designers specifically want to see if it can help monitor suspicious shipping activity.
Saturday, September 15th 2018 - 08:46 UTC
Brazilian markets and currency ended the week higher

Brazilian markets ticked higher on Friday, bolstered by a new presidential election poll, sending the benchmark Bovespa index up more than 1% as the country's currency, the real, gained about 0.78%.
Saturday, September 15th 2018 - 08:42 UTC
Trump ready to move with a next round of tariffs on Chinese goods

United States President Donald Trump has instructed staff to move forward with the next round of tariffs on Chinese goods, US media have reported. The tariffs are expected to apply to about US$ 200bn worth of imports from China, including electronic parts and consumer goods such as handbags.
Friday, September 14th 2018 - 09:28 UTC
Argentine currency drops to a new record low of 39.90 pesos to the US dollar

Argentina's peso currency fell 3.51% on Thursday to close at a new record low of 39.9 per U.S. dollar, as market confidence ebbs away despite President Mauricio Macri's efforts to reassure investors. Dollar demand had risen on Thursday due to high liquidity sparked by an auction of treasury notes, traders said.