Economy

Friday, January 19th 2018 - 05:21 UTC
Foreign Office director in Chile to discuss UK's exit and transition process

The Foreign Office Director of the Economic Diplomacy Directorate Hugh Elliot is currently in Chile on a two day visit to discuss the UK’s transition process from the European Union with the Chilean Government. Mr. Elliot is the UK's government main interlocutor for the transition program of agreements and third countries.
Thursday, January 18th 2018 - 09:44 UTC
China and Japan slow down purchase of US Treasury securities

China cuts its holdings of U.S. Treasury securities in November 2017 after adding US$ 8.4bn in October. China's holdings of U.S. treasuries dropped by US$ 12.6bn to US$ 1.1766 trillion in November last year. China remained the largest holder of U.S. treasuries.
Thursday, January 18th 2018 - 09:25 UTC
Apple will pay US$ 38bn in tax following recent changes to US fiscal rules

Apple will pay about US$38bn in tax on the roughly US$ 250bn cash pile it holds outside the US following recent changes to American tax rules. The sum is expected to be the biggest payment under the reforms, which slash the US corporate tax rate.
Thursday, January 18th 2018 - 09:11 UTC
All cuts of Argentine beef and lamb have full access to the Chinese market

Argentina and China signed a “historic” agreement that opens the huge Asian market to beef and lamb with bone from the South American country, according to Senasa the Argentine agriculture and livestock sanitary office. The deal concludes fifteen years of negotiations and means access to the world's largest importer of beef.
Thursday, January 18th 2018 - 07:14 UTC
Brexit bill passes House of Commons and now faces Lords' tough debate

The marathon bill paving the way for Britain to leave the European Union passed a crucial stage in the House of Commons on Wednesday night. With support of 324 MPs, and the opposition of 295 MPs, a government majority of just 29, the bill for Exiting the EU aims to convert all European law into British law.
Wednesday, January 17th 2018 - 09:32 UTC
Hard times in Cuba: electricity and fuel cuts, slashed imports and payments to suppliers delayed

Cuba has not provided a detailed breakdown of key economic activity in its annual statistical abstract for the first time this century, leaving would-be investors more in the dark than usual about the cenrtralized-run economy.
Wednesday, January 17th 2018 - 09:29 UTC
Brazilian stocks at an all time high, as optimism grows recession is over

Brazilian stocks on Tuesday edged up to an all-time high as optimism over the nation's economic prospects kept an early-year rally alive. The benchmark Bovespa stock index rose 0.3% to 79,951, nearing the 80,000 milestone for the first-time ever.
Wednesday, January 17th 2018 - 08:37 UTC
Uruguayan farmers surprise government and take to the roads to protest fiscal policies

Uruguayan farmers with their tractors, harvesters, trucks, vans and on horseback took to the roads to protest the cost of fuel, power, increased taxes and an over bloated national budget and bureaucracy which they blame for making several farm activities unprofitable, and have had an overall negative impact for the different camp activities.
Tuesday, January 16th 2018 - 10:01 UTC
UK to reorient aid to developing countries that “put their hands in their pockets”

The UK could cut its aid to developing countries that fail to invest in their own people, the international development secretary has said. Penny Mordant told the Daily Telegraph she “won't invest” when others should put “their hands in their pockets”.
Tuesday, January 16th 2018 - 09:48 UTC
Petrobras and Total confirm completion of Strategic Alliance involving US$ 1.9bn

Petrobras has completed the previously announced sale of shares in several Brazilian fields to France’s Total for US$1.95 billion it was confirmed. The deal was announced as part of the two companies’ Strategic Alliance, signed in March 2017.