Economy

Thursday, May 24th 2018 - 07:12 UTC
May Fed minutes suggest a rate hike would soon be appropriate; next meeting in mid-June

Federal Reserve officials earlier this month suggested that another rate hike was on the way soon, while also noting several risks facing the economy, ranging from rising wage pressures to potential harm from the Trump administration's trade policies.
Thursday, May 24th 2018 - 06:31 UTC
Boris Johnson interested in a trade agreement with Chile and the Pacific Alliance

Foreign Secretary Boris Johnson concluded a five-day charm offensive in South America on Wednesday by expressing interest in a trade agreement with Chile and other countries in the so-called Pacific Alliance. Johnson extended a trip to a G20 foreign ministers’ meeting in Buenos Aires to include a tour of Peru, Argentina and Chile, seeking closer ties with all three countries.
Wednesday, May 23rd 2018 - 20:25 UTC
Falkland Islands second air link announcement expected after June 13th

The Falkland Islands government announced on Wednesday it has received an evaluation report regarding a second weekly air link to the Falklands, from specialist consulting Aviation Economics, and will be briefing the Executive Council at their 13 June meeting, and recommending a response to the proposed options.
Wednesday, May 23rd 2018 - 08:24 UTC
In controversial vote US Congress rollbacks 2010 banking regulations

United States lawmakers passed Tuesday the first major rollback of banking regulations enacted after the financial crisis that were aimed at protecting taxpayers from fresh economic trauma and new bank bailouts.
Wednesday, May 23rd 2018 - 06:16 UTC
(Brexit) UK and Argentina on the same intelligent reinsertion to the global community

Foreign Secretary Boris Johnson forecasted a “new, exciting phase” in Anglo-Argentine relations as he wrapped up his visit to Buenos Aires. Johnson visited Argentina to attend the G20 Foreign Ministers summit. His visit was the first by a British Foreign Secretary in over 20 years.
Tuesday, May 22nd 2018 - 07:36 UTC
Trucks loaded with soybeans block main highways in Brazil to protest fuel prices

Brazil lorry drivers blocked major roadways around the capital of the country's largest grain state to protest increases in domestic fuel prices, affecting highways in 18 states, the federal highway police said on Monday.
Tuesday, May 22nd 2018 - 06:51 UTC
Pompeo threatens Iran with “strongest sanctions in history”; Teheran says US was regressing to “old habits”

Secretary of State Mike Pompeo has said the US is imposing the “strongest sanctions in history” on Iran. In a speech on Monday in Washington, America's top diplomat said Iran would be “battling to keep its economy alive” after the sanctions took effect.
Tuesday, May 22nd 2018 - 06:32 UTC
Mercosur and Japan scheduled to begin trade talks next November in Argentina

Mercosur trade bloc looks to begin economic and trade talks with Japan as soon as November, Brazil's foreign minister said, calling trade with Asia essential to regional economic health as the U.S. embraces protectionism.
Monday, May 21st 2018 - 08:52 UTC
US/China trade war “on hold”; Beijing agrees to “substantially reduce” surplus

The United States and China are pulling back from the brink of a trade war after the world's two biggest economies reported progress in talks aimed at bringing down America's massive trade deficit with Beijing. “We are putting the trade war on hold,” Treasury Secretary Steven Mnuchin said on Sunday.
Saturday, May 19th 2018 - 09:43 UTC
Why the high unemployment rate in Brazil is going down

The number of people living in Brazil in a state of helplessness has reached record levels and has actually contributed to the reduction of the unemployment rate over the past 12 months. As the first quarter of 2018 came to an end, 4.6 million people found themselves in a state of helplessness – an increase of 511 thousand people over the course of one year.