Economy

• Monday, June 18th 2018 - 08:34 UTC

  China knows better as Trump tariff strategy trsicks US voters

  

  Global Times Editorial
  
  The Trump administration announced tariffs on Chinese high-tech and industrial imports worth of US$50 billion. The first round, on imports totaling US$34 billion, will begin July 6, while the second round is still under review.

• Monday, June 18th 2018 - 08:30 UTC

  China forced to fight back with reciprocal tariffs

  

  The following editorial on the current US/China trade war was published by the official news agency Xinhua,

• Monday, June 18th 2018 - 07:21 UTC

  Temer's record unpopularity linked directly to the performance of the economy

  

  A Datafolha survey shows that the all-time high unpopularity of Brazilian President Michel Temer (MDB) is due essentially to dissatisfaction with the overall performance of his administration, particularly regarding the economy. It also shows that the president's personal image and the loss of status caused by corruption scandals that involve him are secondary issues.

• Monday, June 18th 2018 - 07:20 UTC

  President elect Duque pledges to unite Colombia and change the peace accord with FARC

  

  Colombia's President-elect Ivan Duque, who swept aside leftist Gustavo Petro in Sunday's election, pledged to unite the nation after a divisive campaign but insisted he would change a landmark peace accord with leftist rebels

• Monday, June 18th 2018 - 07:14 UTC

  Argentina's new minister suggests a US dollar between 28/29 Pesos as 'comfortable' for industry

  

  Argentina’s newly named Production Minister Dante Sica told a radio station on Sunday that an exchange rate of between 28 and 29 Pesos per dollar is “comfortable” for industry.Sica, an economist, was appointed on Saturday to replace Francisco Cabrera as part of a shake-up that also led to the appointment of a new central bank president and energy minister.

• Saturday, June 16th 2018 - 10:43 UTC

  Beijing tells Trump it is ready to retaliate with tariffs on US$ 50bn US exports, but also wants to dialogue

  

  China responded forcefully in state media on Saturday after the administration of U.S. President Donald Trump said it would impose tariffs on US$50 billion of Chinese imports, but some commentary left room for further negotiations.

• Saturday, June 16th 2018 - 10:09 UTC

  Despite a last minute Spanish fiscal surprise, Ronaldo scored a hat trick

  

  Footballer Cristiano Ronaldo has reportedly agreed to accept a €18.8m fine and a suspended jail term to settle tax evasion charges. The Real Madrid and Portugal footballer, 33, was accused last year of defrauding tax authorities of €14.8m, charges he denies.

• Friday, June 15th 2018 - 10:57 UTC

  Petrobras ex-CEO becomes head of Brazilian giant food processor BRF

  

  The board of Brazilian food processor BRF SA on Thursday elected Chairman Pedro Parente to the additional post of chief executive, the company said in a securities filing. Parente, the former CEO of state-controlled oil company Petrobras will hold both positions for an initial period of 180 days, BRF said.

• Friday, June 15th 2018 - 10:55 UTC

  Markets waiting for Trump's announcement on US$ 50bn tariffs against China

  

  Asian shares wobbled on Friday as investors braced for U.S. tariffs against China, while the Euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time. U.S. President Donald Trump has made up his mind to impose “pretty significant” tariffs and will unveil a list targeting US$ 50 billion of Chinese goods on Friday, an administration official said. Beijing has warned that it was ready to respond.

• Friday, June 15th 2018 - 10:51 UTC

  Theresa May again on the edge: Pro-EU Tories backing for crucial Brexit votes questioned

  

  A UK government's compromise to avoid a Commons defeat on Brexit has been rejected as “unacceptable” by leading rebel Dominic Grieve. Prime Minister Theresa May had convinced most rebels - who want MPs to have the final say - to back her in a key vote on Tuesday night by giving them assurances. But the wording of the promised compromise has now been published.