Economy

• Friday, June 22nd 2018 - 08:52 UTC

  Unequivocal EU support for Dublin: no Brexit deal without agreement on the Irish border

  

  European Commission president Jean-Claude Juncker has warned the UK there will be no Brexit deal without agreement on the Irish border. On a visit to Dublin, Mr Juncker said fellow EU member states would not let Ireland be “isolated” on the impasse, insisting the demand for a resolution was a Europe-wide demand.

• Friday, June 22nd 2018 - 08:22 UTC

  “Power grab” controversy at the British/Irish Council agenda in Guernsey

  

  Nicola Sturgeon is to meet senior UK government politicians for the first time since accusing them of “ripping up” the devolution settlement. The first minister will hold talks with Cabinet Office Minister David Lidington in Guernsey.

• Friday, June 22nd 2018 - 08:15 UTC

  Airbus warns UK on Brexit and “its severe negative consequences”

  

  Airbus has warned it could leave the UK if the country exits the European Union single market and customs union without a transition deal. The European plane maker said the warning was not part of “project fear, but its dawning reality”. Airbus employs about 14,000 people at 25 different sites in the UK.

• Thursday, June 21st 2018 - 08:23 UTC

  Brazil central bank unveils block-chain platform to facilitate info exchange between financial regulators

  

  Brazil’s central bank has unveiled details of a newly-developed block-chain platform that will be used to facilitate information exchange between the country’s financial regulators. Dubbed ‘Pier’, the block-chain was developed by the Banco Central do Brasil (BCB)’s own IT department and will be used to share data securely between the central bank and other domestic regulators, BSB, said in an announcement.

• Thursday, June 21st 2018 - 08:12 UTC

  Brazil leaves Selic benchmark rate unchanged at 6.5%; central bank assessing impact of truckers strike

  

  Brazil’s central bank kept interest rates unchanged on Wednesday, as expected, refraining from hiking even after a sharp currency slide as policymakers highlighted the unclear impact of a nationwide protest by truckers in late May.

• Thursday, June 21st 2018 - 08:03 UTC

  IMF Executive Board approves US$50bn Stand-By Arrangement for Argentina

  

  The Executive Board of the International Monetary Fund (IMF) approved on Wednesday a three-year Stand-By Arrangement (SBA) for Argentina amounting to US$50 billion (equivalent to SDR 35.379 billion, or about 1,110 percent of Argentina’s quota in the IMF).

• Thursday, June 21st 2018 - 07:46 UTC

  Siemens UK claims current Brexit scenario “very difficult...we don't know what we are planning for”

  

  United Kingdom should remain in the customs union after Brexit unless there is a proper alternative, the boss of Siemens UK has said. Jürgen Maier, chief executive of the German firm's UK operations, told Reuters contingency planning for Brexit was “very difficult” as “we don't know... what we are planning for”.

• Thursday, June 21st 2018 - 07:27 UTC

  “A crucial step” for Theresa May: Parliament passes EU Withdrawal Bill

  

  Theresa May has welcomed the passing of the Brexit bill through Parliament as “a crucial step” in delivering a “smooth and orderly Brexit”. Peers accepted the amendment to the EU (Withdrawal) Bill sent to them from the House of Commons, meaning the bill now goes for Royal Assent, becoming law.

• Thursday, June 21st 2018 - 06:55 UTC

  A good one for Macri: MSCI decides to reclassify Argentina as an emerging market

  

  Index provider MSCI said on Wednesday it will reclassify Argentina as an emerging market and begin including Saudi Arabia in that classification, sharply broadening the investor base for both countries in a move that could be supportive of their equity markets. The decisions will be effective beginning in mid-2019.

• Wednesday, June 20th 2018 - 09:12 UTC

  Kim in China underlines “friendship, unity and cooperation” with Beijing

  

  Kim Jong Un declared North Korea's unstinting “friendship, unity and cooperation” with Beijing during his third visit to China this year, in a show of loyalty to his main ally following a landmark summit with US President Donald Trump.