Economy

• Monday, June 11th 2018 - 08:26 UTC

  Brazilian leading presidential candidate softens attitude towards China

  

  Rightwing presidential candidate Jair Bolsonaro said that China was an “exceptional partner” of Brazil, softening earlier criticism that Chinese investors were taking over Latin America’s largest economy. “We will continue being a partner of China,” Bolsonaro said when asked how he would treat Chinese investments if he wins the October election.

• Saturday, June 9th 2018 - 08:29 UTC

  Brazilian consumer prices climb 0.4% in May; impact of truckers strike and fuel prices expected in June

  

  Brazil's 12-month inflation accelerated in May from April amid strong fuel prices. Consumer prices rose 0.40% in the month, compared with an increase of 0.22% in April, statistics agency IBGE said on Friday. The consumer price index advanced 2.86% in May from a year earlier, up from April's 2.76% pace.

• Friday, June 8th 2018 - 11:46 UTC

  Falklands government to focus on family-friendly legislation in 2018/19

  

  In setting its legislative priorities for the next twelve months, the Falkland Islands Government has signalled an intention to focus on legislation of interest to families. The Islands are internally self-governing, with much law created locally or adapted from elsewhere in the world. The program for the next year was published this week alongside their fiscal budget for the year.

• Friday, June 8th 2018 - 08:35 UTC

  Temer denies any risk of a currency crisis; Central bank pledges “all the necessary liquidity”

  

  Brazilian President Michel Temer said on Thursday there was no risk of a currency crisis in Latin America's largest economy despite sharp falls in the exchange rate, while the central bank chief pledged to maintain the bank's intervention in the market.

• Friday, June 8th 2018 - 07:30 UTC

  IMF and Argentina agree on a 36-month US$ 50bn Stand-By Arrangement

  

  The Argentine authorities and IMF staff have reached an agreement on a 36-month Stand-By Arrangement (SBA) amounting to US$50 billion (equivalent to about SDR 35.379 billion or about 1,110% of Argentina’s quota in the IMF). This staff-level agreement will be subject to approval by the IMF’s Executive Board, which will consider Argentina’s economic plan in the coming days.

• Friday, June 8th 2018 - 06:48 UTC

  Falklands confirms exchange of fisheries data with Argentina will resume “in short order”

  

  The Falkland Islands Director of Natural Resources John Barton confirmed this week that exchange of fisheries data will resume “in short order” following the resumption of fisheries talks with Argentina last month. Mr. Barton confirmed that proposals for joint research cruises are being drawn up and another meeting has been scheduled to take place in London in late 2018.

• Thursday, June 7th 2018 - 09:04 UTC

  Brazilian currency falls amid rising investor worries and political turmoil

  

  The Brazilian currency has fallen to its lowest level against the dollar in more than two years, amid rising investor worries over recent economic and political turmoil. The Real is down 14% this year, near its lowest levels since March 2016. On Wednesday in New York, the dollar bought 3.8534 Reais, versus 3.8087 Reais late Tuesday.

• Thursday, June 7th 2018 - 08:58 UTC

  On TUC's 150th anniversary, UK trade union membership dropped by a quarter among the under-30

  

  Trade union membership in the United Kingdom has dropped by a quarter among under-30s since the turn of the century, according to figures from the Trades Union Congress. As the TUC marks its 150th anniversary, the union body has revealed the number of people under 30 who are members of a trade union has fallen from just over 20% in 2001 to 15% in 2017.

• Thursday, June 7th 2018 - 08:35 UTC

  Europe's five leagues revenue €14.7bn, in 2016-17, and the English Premier League is market leader

  

  The big five European leagues generated a record €14.7bn in revenue in 2016-17, a 9% annual increase, according to new figures from Deloitte. It says the European football market is now worth some €25.5bn and the English Premier League was the market leader, with record revenue of £4.5bn, as each of the 20 clubs se their own annual revenue record.

• Thursday, June 7th 2018 - 07:50 UTC

  Highest rejection level to leaving the EU, records latest UK opinion poll

  

  Disagreement with Britain’s decision to quit the European Union has reached its highest point since the 2016 Brexit referendum, according to a new UK poll. The YouGov survey found 47% of voters thought the decision to leave was wrong, against just 40% who said it was the right thing to do – the widest margin since the weekly survey began two years ago.