Economy

• Thursday, May 24th 2018 - 07:32 UTC

  China expected to import record volumes of US oil and soy, to help ease trade tensions with the US

  

  China will import record volumes of U.S. oil and is likely to ship more U.S. soy after Beijing signaled to state-run refiners and grains purchasers they should buy more to help ease tensions between the two top economies, trade sources said on Wednesday.

• Thursday, May 24th 2018 - 07:20 UTC

  Brazil lowers diesel prices 10%, but truckers' strike continues threatening grain exports

  

  Petrobras on Wednesday temporarily cut diesel prices by 10% in order to help the Brazilian government and truck drivers resolve a protest crippling highways.

• 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.