Economy

Wednesday, February 14th 2018 - 07:10 UTC
The Wall Street Journal: “Inflation stalks Macri in Argentina”

The Wall Street Journal has published a piece on the political situation of Argentine president Mauricio Macri, battling inflation, an undelivered electoral pledge, and allegedly very much aware of a long standing spell: no non Peronist president has been able to complete the mandate for which he was elected.
Tuesday, February 13th 2018 - 08:18 UTC
Barclays Bank PLC charged of “unlawful financial assistance” by UK's serious fraud office

The United Kingdom Serious Fraud Office (SFO) has charged Barclays Bank PLC with “unlawful financial assistance” related to billions of pounds raised from Qatar in 2008. The same charges were brought against Barclays PLC in June last year.
Monday, February 12th 2018 - 15:46 UTC
Brexit impact studies leaks again questions PM May's approach to negotiations

Brexit impact studies released to MPs by the UK government reveal the North East of England and West Midlands will sustain the biggest hit to economic growth from Britain’s withdrawal from the European Union.
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.