Economy

• Monday, February 12th 2018 - 12:29 UTC

  Warning of more volatility in Asian Markets

  

  After last week's global rout, Asian markets struggled to hold early gains with analysts warning of further volatility across trading markets.

• Friday, February 9th 2018 - 20:26 UTC

  Fed member forecasts three interest rate hikes this year

  

  The U.S. Federal Reserve is likely to continue removing policy accommodation gradually and could hike rates three times this year, Dallas Fed President Robert S. Kaplan told a business conference in Frankfurt on Thursday.

• Friday, February 9th 2018 - 10:45 UTC

  Bank of England expects pace of interest rate increases to accelerate

  

  The Bank of England has indicated that the pace of interest rate increases could accelerate if the economy remains on its current track. Bank policymakers voted unanimously to keep interest rates on hold at 0.5% at their latest meeting. However, they said rates would need to rise “earlier” and by a “somewhat greater extent” than they thought at their last review in November. Economists think the next rate rise could come as soon as May.

• Friday, February 9th 2018 - 10:16 UTC

  Brazilian inflation in January below the official Central bank target

  

  Lower power tariffs pulled Brazil's inflation rate below the official target range and even the lowest of forecasts in January. Consumer prices tracked by the benchmark IPCA index rose 2.86% in the twelve months through January, government statistics agency IBGE said on Thursday.

• Friday, February 9th 2018 - 10:08 UTC

  Japanese companies Brexit warning: no profits, no private company can continue

  

  Japan's ambassador to the UK has said Brexit is a high stakes issue and that no company would be able to stay in the UK if it was not profitable. Koji Tsuruoka was speaking outside Number 10 after a meeting between Prime Minister Theresa May and 19 top Japanese bosses.

• Friday, February 9th 2018 - 09:56 UTC

  As Dow Jones plunges 10% points, fears of a bear market and ripples effects on the economy

  

  The United States Dow Jones industrial average nosedived more than 1,000 points on Thursday, registering another eye-popping loss for the closely-followed index, as wild trading and fears of rising interest rates around the world took hold of traders. The Dow as well as the S&P 500, a broader stock index, are now down more than 10% from their all-time highs, passing an important psychological barrier known as a “correction” for the first time in two years.

• Thursday, February 8th 2018 - 09:17 UTC

  Brazil's central bank beats inflation and recession: eyes now on the presidential election

  

  Brazil’s central bank cut its benchmark interest rate on Wednesday to a new low of 6.75%, but hinted it was now done with a historic easing cycle. The bank lowered the Selic rate by 0.25 percentage point, its 11th consecutive cut aimed at helping Latin America’s largest economy emerge from a stifling two-year recession.

• Thursday, February 8th 2018 - 09:11 UTC

  Falklands and MoD agree to address rotor winds at MPA airport

  

  The Falkland Islands government and the Ministry of Defense have agreed to address the challenge of rotor winds, which have become a serious problem for the operations at the Mount Pleasant Complex.

• Thursday, February 8th 2018 - 09:11 UTC

  With NAFTA on the cliff, Mexico betting strongly to update free trade agreement with Europe

  

  Mexico believes it can conclude a new free-trade agreement with the European Union before the end of February, Mexican officials have said. The EU and Mexico intend to update a trade deal agreed 21 years ago that largely covers industrial goods. They want to add farm products, more services, investment and government procurement, and include provisions on labor standards and environmental protection.

• Wednesday, February 7th 2018 - 15:23 UTC

  Powell becomes chairman of the Fed in a turbulent trading day

  

  Jerome Powell was sworn as the 16th chairman of the Federal Reserve on what turned out to be a turbulent day for Wall Street, with the Dow Jones industrial average plunging by more than 1,100 points. Powell, 65, was given the oath of office by Randal Quarles, the Fed's vice chairman for supervision, in a ceremony that took place before stock trading opened on Wall Street.