Economy

• Thursday, June 6th 2019 - 08:41 UTC

  Argentine construction industry contracts 7.5% in April and 10.3% in four months

  

  The construction industry in Argentina contracted 7.5% last April, the eighth consecutive month, with an overall drop of 10.3% in the first four months of the year. According to the country's stats office Indec, the Indicator of Construction Activity, during April fell 0.3% from March.

• Thursday, June 6th 2019 - 08:37 UTC

  Argentina's industrial output down 8.8%; car production falls 35.3% in twelve months

  

  Argentina’s industrial output fell 8.8% in April compared with the same month a year ago, official data showed on Wednesday, marking 12 straight months of production losses as the economy struggles with recession and rapidly-rising consumer prices.

• Thursday, June 6th 2019 - 08:15 UTC

  China injects liquidity to help small banks with cash following the takeover of a troubled lender

  

  Boosting liquidity to the financial system on Thursday, China's central bank signaled its readiness to supply smaller banks with a steady stream of cash after the takeover of a troubled lender, letting more banks access the funds.

• Thursday, June 6th 2019 - 08:11 UTC

  Fiat-Chrysler merger with Renault falls through: French politics blamed

  

  Fiat Chrysler said it has abandoned its US$35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world's third-biggest automaker.

• Wednesday, June 5th 2019 - 21:00 UTC

  Uruguay: Finances don't grow; Economy Minister estimates an improvement for the second semester, as Macri did

  

  Uruguay is experiencing, in recent months, a marked drop in investment and the generation of employment. Uruguayan Economy Minister Danilo Astori admitted Wednesday the fall of public accounts, with an annualized fiscal deficit in April that was 4.8% of GDP, and opted to provide greater incentives to investors and entrepreneurs. The Uruguayan press accuses the government of betting on the hope that the results will begin to be felt in the second half of the year, as it was heard a while ago in Argentina under the administration of President Mauricio Macri.

• Wednesday, June 5th 2019 - 13:01 UTC

  Falkland Islands Reception in London

  

  Marking another successful year the Annual Falkland Islands Government Reception took place on Tuesday 4th June at Middle Temple, London.

• Wednesday, June 5th 2019 - 09:41 UTC

  Federal Reserve prepared to cut rates if trade conflicts threaten US economy

  

  Chairman Jerome Powell said on Tuesday that the Federal Reserve is prepared to respond if it decides the Trump administration's trade conflicts are threatening the U.S. economy. Investors read his remarks as a signal that the Fed will likely cut interest rates later this year.

• Wednesday, June 5th 2019 - 09:37 UTC

  Trump bets strongly on Brexit and anticipates a “phenomenal trade deal” with UK

  

  United States President Donald Trump emerged from a meeting on Tuesday with outgoing British Prime Minister Theresa May talking up a “phenomenal trade deal” between the two countries once the United Kingdom leaves the European Union. But he also hinted that any such deal would have to include opening up Britain's cherished National Health Service (NHS) - a proposition certain to stir controversy.

• Wednesday, June 5th 2019 - 09:35 UTC

  Boris Johnson warns the Conservative party faces extinction if Brexit is not delivered by October 31

  

  Boris Johnson the front runner to replace Theresa May as British prime minister, warned Conservative Party colleagues that they face “extinction” if they didn't deliver Brexit by the current deadline of Oct 31.

• Wednesday, June 5th 2019 - 09:15 UTC

  Global growth fragile influenced by trade conflict and tumbling confidence, reports World Bank

  

  The World Bank slashed its global growth forecasts for this year in a report released on Tuesday that portrayed a world gripped by deepening trade conflict, tumbling confidence and increasingly skittish investment. Although the global development lender currently expects a modest recovery 2020 and 2021, the bank said in its semi-annual report that a lot will have to go right for this to happen.