Economy

Wednesday, June 20th 2018 - 08:54 UTC
Ecuadorean ex president included in kidnapping investigation

Ecuador's highest court has ordered former President Rafael Correa included in an investigation into a 2012 botched kidnapping of an opposition lawmaker. The judge in charge of the case gave Correa a month to clear his name.
Wednesday, June 20th 2018 - 08:50 UTC
Cuba actively promotes foreign investment to prop the economy

The Cuban government opened on Monday the 3rd Edition of International Convention and Exhibition of Cuban Industry (CubaIndustria 2018), seeking to attract foreign investors to revitalize the country's economy.
Wednesday, June 20th 2018 - 08:37 UTC
General Electric loses its place in the Dow Jones average after more than 100 years

General Electric is losing its place on the Dow Jones Industrial Average after more than 100 years in a move that reflects a fall in the firm's fortunes and changes to the US economy. Walgreens Boots Alliance is to take its spot on the financial index, which tracks shares of 30 companies deemed representative of the US economy. The change takes effect on 26 June.
Wednesday, June 20th 2018 - 08:31 UTC
Global Index decides on Wednesday if it includes Argentina and Saudi Arabia

Global index compiler MSCI is considering including Argentina and Saudi Arabia in its emerging market indexes at a review of its widely-tracked benchmark on Wednesday, and could potentially announce candidates that may join its indexes in future.
Wednesday, June 20th 2018 - 08:24 UTC
Brexit bill (and Theresa May) face crucial vote in a divided House

Prime Minister Theresa May’s Brexit plans were rejected by parliament’s upper chamber on Monday, setting up a confrontation with pro-EU MPs later this week which will test her ability to lead a minority government.
Wednesday, June 20th 2018 - 06:54 UTC
Argentine central bank contains run on the Peso, and major dumping of bonds

Argentine bonds touched their lowest levels of market-friendly President Mauricio Macri's term on Tuesday, but rebounded in a volatile trading session. Meanwhile the country risk (a measure of the difference between its bond yields and those issued by other countries) rose as much as 27 points to a 33-month peak.
Tuesday, June 19th 2018 - 08:58 UTC
Falklands' mobile services provider announces network improvement

The Falkland Islands Communications Regulator has reminded the public of changes coming this week to mobile services provided by Sure, which follows the switchover of existing services to the new mobile network.
Tuesday, June 19th 2018 - 08:35 UTC
Argentina shores the Peso, stock market tumbles, ahead of 'Super Tuesday'

Argentina's peso rose sharply on Monday as a new central bank chief took his first moves to shore up the battered currency, while escalating fears of a damaging trade war between the United States and China drove Latin American stocks down. The Argentine peso jumped after the central bank said it will hike bank's reserve requirements in a move expected to tighten local-currency liquidity after the latest run on the peso.
Tuesday, June 19th 2018 - 08:10 UTC
KPMG UK criticized for its “unacceptable deterioration” and will be subject to closer supervision

The auditing work of one of the world's “Big Four” accounting firms has been sharply criticized by the industry's watchdog. KPMG audits had shown an “unacceptable deterioration” and will be subject to closer supervision, the Financial Reporting Council said.
Monday, June 18th 2018 - 11:14 UTC
Uruguay chair of Mercosur, targets accord with China, exhausted of negotiations with the EU

Uruguay will be handed the rotating chair of Mercosur this Monday in a brief summit ceremony to take place in Paraguay. Attending will be Brazil's Michel Temer, Uruguay's Tabare Vázquez, the host Paraguay Horacio Cartes and in representation of Argentina, vice president Gabriela Michetti. President Mauricio Macri is in the midst of a cabinet reshuffle and waiting for market reaction this Monday following the naming of a new Central Bank chairman.