Economy

• Thursday, August 23rd 2018 - 08:21 UTC

  Despite trade talks, US and China will impose fresh tariffs beginning Thursday

  

  United States and China are expected to impose fresh tariffs on US$ 16bn of each other's goods on Thursday as their tit-for-tat trade war rages on. The second round of tariffs will see a total of US$ 50bn worth of goods from each side that will now be taxed. Since the opening salvo in July, tensions between the world's two largest economies have escalated, hurting their companies and economies.

• Thursday, August 23rd 2018 - 08:05 UTC

  Argentina rolling over short term debt into longer duration Treasury notes

  

  Argentina sold US$2.1 billion in three and six-month treasury notes, the Treasury Ministry said on Wednesday, as it seeks to direct investors away from shorter-term central bank debt and into longer duration instruments. The amount sold represented more than double the US$ 1 billion in dollar-denominated treasury notes that mature on Friday.

• Wednesday, August 22nd 2018 - 09:00 UTC

  Venezuelan businesses shut down shops to protest last monetary measures

  

  Venezuela's streets were quieter than normal on Tuesday, as a currency devaluation and package of economic measures by populist president Nicolas Maduro went into effect, and the opposition asked storekeepers to shut up shop in protest. Venezuela on Monday cut five zeros from prices and pegged the country’s currency to an obscure state-backed cryptocurrency, as part of a broad set of measures meant to address hyperinflation and an economic crisis.

• Wednesday, August 22nd 2018 - 08:40 UTC

  Brazil's Real plunges past four to the US dollar, first time since March 2016

  

  Most emerging market currencies worldwide rallied on Tuesday after U.S. President Donald Trump criticized the head of the Federal Reserve for raising interest rates, while Brazil's Real fell to its lowest in more than two years on political concerns.

• Tuesday, August 21st 2018 - 08:32 UTC

  Brazilian Real loses ground to the dollar following the latest opinion poll

  

  The Brazilian real led losses among Latin American currencies on Monday after an opinion poll showed the market's preferred candidate in October's presidential elections lagging far behind his rivals. The Real was down 0.76% and 15.98% in the eight months of the year.

• Tuesday, August 21st 2018 - 08:25 UTC

  Latam announces 2Q results; currencies' turbulence has hit shares, down 25%

  

  With this year's sell-off in emerging markets assets hasn't just dented investor returns and confidence, but also weighed heavily on global companies with exposure to developing economy currencies. One that is LATAM Airlines, by far South America's biggest carrier and among the world's largest by network connections.

• Monday, August 20th 2018 - 08:14 UTC

  Falklands Development Corporation has a new Development Manager, Michael Poole

  

  The former Member of the Falkland Islands Legislative Assembly, Michael Poole took up the position of Development Manager at the Falkland Islands Development Corporation at the start of the month, heading the Business Development team.

• Monday, August 20th 2018 - 07:20 UTC

  Maduro launches new currency with five zeroes less but the same misery for the people

  

  Uncertainty reigned in Venezuela after President Nicolas Maduro unveiled a major economic reform plan aimed at halting the spiraling hyperinflation that has thrown the oil-rich, cash-poor country into chaos. Ahead of a major currency overhaul on Monday, when Caracas will start issuing new banknotes after slashing five zeroes off the crippled Bolívar, Maduro detailed other measures he hopes will pull Venezuela out of crisis.

• Saturday, August 18th 2018 - 08:13 UTC

  Donald Trump wants US companies 'to stop quarterly reporting & go to a six month system'

  

  Donald Trump has called for US companies to issue financial reports just twice a year rather than four times. The US President said he has asked the Securities and Exchange Commission to consider altering rules requiring firms to report every quarter.

• Saturday, August 18th 2018 - 08:00 UTC

  Holland opens its first self recycle offshore dairy farm in the port of Rotterdam

  

  The world's first offshore dairy farm opens in the Port of Rotterdam this year, with the aim of helping the city produce more of its own food sustainably. A Dutch property company, Beladon, is launching the world's first “floating farm” in a city port.