Economy

• Tuesday, January 30th 2018 - 15:41 UTC

  Falkland Islands Outlines Fiscal Strategy for 2018/19 and Beyond

  

  The Falkland Islands Executive Council (its effective Cabinet) agreed late last week a set of budgeting principles for the Government over the coming financial year beginning 1st July 2018. These principles are likely to apply throughout the four year term of the current Legislative Assembly, though will be formally reviewed by the Assembly annually.

• Tuesday, January 30th 2018 - 09:28 UTC

  Brazil's meets 2017 fiscal target and juggles funds to keep the investment/debt rule

  

  Brazil’s government will tap the nation’s sovereign fund and recent surpluses to cut debt and avoid breaking budget rules this year, officials said on Monday, after easily meeting the 2017 fiscal target.

• Tuesday, January 30th 2018 - 09:12 UTC

  Chile's incoming finance minister pledges the economy will expand 3.5% this year

  

  Chile's economy is likely to grow by 3.5% this year on the back of increased confidence in a new presidential administration and in improving global economy, the future finance minister said in a local newspaper published on Sunday.

• Tuesday, January 30th 2018 - 07:12 UTC

  EU Agriculture and Trade commissioners at odds over increasing Mercosur beef access

  

  A long-awaited major trade deal between the EU and Mercosur may this week take a key step towards realization with ministerial teams from both sides meeting in Brussels on Monday. They are expected to give negotiators a new, decisive political impulse to reach agreement in a matter of weeks, according to Irish sources.

• Saturday, January 27th 2018 - 09:39 UTC

  Trump tells Davos forum “America First”, but it does not mean America alone

  

  President Trump declared America “open for business” in a speech on Friday to global to political and business elites in Davos, Switzerland, while taking a hard line on trade and vowing to make commerce with other countries “fair and reciprocal.”

• Saturday, January 27th 2018 - 09:31 UTC

  Bank of England said UK was already suffering a “Brexit effect”

  

  A “deeper relationship” with Europe will benefit the UK economy, the governor of the Bank of England has argued. Mark Carney's comments follow claims by chancellor Philip Hammond that the UK and EU economies will only move “very modestly” apart after Brexit.

• Saturday, January 27th 2018 - 09:17 UTC

  US economic growth in the fourth quarter slows to 2.6%, and 2.3% for 2017

  

  US economic growth slowed unexpectedly to an annualised rate of 2.6% in the last three months of 2017, the Commerce Department said on Friday. Economists had expected the rate to be 3% - the same as the three months to September.

• Saturday, January 27th 2018 - 08:25 UTC

  Macri and Macron agree in most issues, but not in the EU/Mercosur talks

  

  Argentine president Mauricio Macri ended on Friday his European tour in Paris, where he addressed the business community and potential investors, and later held a private meeting with president Emmanuel Macron. According to Argentine sources there is strong French investors' interest, but apparently Macron held his ground when regarding the EU/Mercosur overall trade agreement.

• Friday, January 26th 2018 - 09:46 UTC

  Uruguay and China flirt with a trade agreement, but Mercosur is not convinced

  

  Chinese Foreign Minister Wang Yi said that Beijing is willing to negotiate step by step, a free trade agreements with Uruguay and other countries in South America, particularly members of Mercosur.

• Friday, January 26th 2018 - 09:24 UTC

  “Argentina has left the populist experiment, and no other country has its potential”

  

  Argentina has left behind its populist experiment, and there is no other country with greater potential, Argentine president Mauricio Macri told the World Economic Forum in Davos during a speech to the forum of world political and business leaders.