Economy

Wednesday, July 18th 2018 - 08:02 UTC
Golden siblings and “Princess Charlotte effect” on the UK economy

Britain's Prince George, 4, and Princess Charlotte, 3, aren’t literally in a competition, but when it comes to overall influence, Charlotte has an edge—and it has to do with her impact on the British economy. As it turns out, George and Charlotte are making huge financial waves just by being their cute little selves.
Wednesday, July 18th 2018 - 07:38 UTC
Argentina consumer prices rose 3.7% in June and reach 29.5% in twelve months

Consumer prices rose 3.7% in June in Argentina, official data showed on Tuesday. That brought 12-month inflation to 29.5%, up from 26.3% in the 12 months through May, the INDEC national statistics bureau announced, which makes it the highest monthly recorded figure of the last two years.
Wednesday, July 18th 2018 - 07:33 UTC
Jerome Powell admits trade policy could complicate Fed's forecasts

A trade war with China, the European Union and other trading partners is casting some doubts about the U.S. economic future, Federal Reserve Chairman Jerome Powell said on Tuesday. And the longer it goes, the more potential harm it could cause, Powell told the Senate Banking Committee at a hearing about the Fed's monetary policy and the economy.
Wednesday, July 18th 2018 - 06:36 UTC
Japan-EU sign wide ranging free trade deal, representing 33% of global GDP

Japan and the European Union signed a wide-ranging free trade deal on Tuesday that both sides hope will act as a counterweight to the protectionist forces unleashed by US President Donald Trump.
Tuesday, July 17th 2018 - 15:22 UTC
Ford agrees settlement covering faulty Takata airbags in 6 million cars

Ford Motor Co agreed to a so-called economic loss settlement of US$ 299.1 million covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show.
Tuesday, July 17th 2018 - 11:11 UTC
UK assumes presidency of G13 group of donors to the development of Guatemala

The UK has assumed the Presidency of the G13, a forum of countries and multilateral organizations representing the largest donors to the development of Guatemala. UK’s six months’ presidency, which starts this month, reflects our desire to keep building a strong relationship with Guatemala, and our shared commitment to peace and prosperity.
Tuesday, July 17th 2018 - 09:41 UTC
Brexit debate: government manages to save Customs Bill, and on Tuesday must defend the Trade Bill

The British government has narrowly avoided a defeat on its Customs Bill after agreeing to Brexiteers' demands to change its wording. It twice survived by just three votes after a backlash from pro-EU Tories who accused Theresa May of “caving in” to the party's Eurosceptic MPs.
Tuesday, July 17th 2018 - 09:30 UTC
Brazilian market lowers 2018 economic growth to 1.5%, reveals central bank survey

Brazil's financial institutions on Monday reduced the 2018 economic growth forecast to 1.5%, half the initial estimate issued at the beginning of the year, according to the Central Bank weekly survey. The Focus Bulletin, which interviews analysts and economists from Brazil's financial market every Monday, the country's growth estimate was actually reduced from the previous week's 1.53%.
Tuesday, July 17th 2018 - 09:30 UTC
Beijing/Washington trade dispute: China exports and surplus grow at solid pace

China’s trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that could further inflame a bitter trade dispute with Washington.
Tuesday, July 17th 2018 - 09:24 UTC
China's growth declines in second quarter; expanding government debt trims Beijing's credit rating

China's economic growth slowed in the quarter ending in June, adding to challenges for Beijing amid a mounting tariff battle with Washington. The world's second-largest economy expanded by 6.7%, down from the previous quarter's 6.8%, the government reported Monday.