Economy

Friday, February 2nd 2018 - 19:33 UTC
UBS, HSBC and Deutsche Bank caught spoofing, and have to pay US$ 46.6m

The US Department of Justice (DOJ) says it has charged eight individuals over allegations they “spoofed” or manipulated the futures markets for precious metals and share indexes. Separately UBS, HSBC and Deutsche Bank will pay a total of US$ 46.6m to settle spoofing charges against them.
Friday, February 2nd 2018 - 08:18 UTC
Un-convened and unconvinced Uruguayan farmers again take to the roads

Un-convened and unconvinced Uruguayan farmers again took to the roads of the country for a peaceful protest vigil in an estimated 300 posts, and which counted with spontaneous support from small business people linked to the rural sector.
Friday, February 2nd 2018 - 07:45 UTC
Falklands government requests proposals for a future port facility

The Falkland Islands government, FIG, is requesting proposals for a future port facility since the current structure, dating back to 1984 and which has had its useful life patched up and extended several times, is nearing its operational end.
Friday, February 2nd 2018 - 07:38 UTC
Irish farmers call on Commissioner Hogan to stop Malmstrom yielding to Mercosur

Irish Farmers National Livestock Chairman Angus Woods has said the break in Mercosur talks until Friday is an opportunity for Agriculture Commissioner Phil Hogan to face down the Trade Commissioner and force a rethink on the sell-out of beef farmers.
Friday, February 2nd 2018 - 07:25 UTC
Record inventory levels for wheat and maize, says FAO's latest forecast

The current marketing season (2017/18) should end with record inventory levels for wheat and maize following better-than-earlier-expected harvests, based on FAO's latest forecasts.
Friday, February 2nd 2018 - 07:15 UTC
Argentine airports company struggles to take off in Wall Street public offering

Shares of Corporacion America Airports struggled to get airborne on their market debut on the New York Stock Exchange on Thursday after the Argentine airport operator priced its initial public offering at the lower end of an already reduced range.
Thursday, February 1st 2018 - 20:27 UTC
Yellen steps down leaving Fed rates unchanged and the US economy growing at “solid rate”

The United States Federal Reserve said on Wednesday that it was still trying to stimulate faster economic growth as one of the longest expansions in American history neared the end of its ninth year. The Fed said after a two-day meeting of its policymaking committee that it was leaving its benchmark interest rate unchanged in a range of 1.25% to 1.5%, a relatively low level that the Fed said would help support continued job growth and stronger inflation.
Wednesday, January 31st 2018 - 22:51 UTC
Venezuela will hold pre-sale of the new “petro” cryptocurrenty on February 20

A “pre-sale” of Venezuela’s new ‘petro’ cryptocurrency will begin on February 20, President Nicolas Maduro said on Tuesday, a move that the government hopes will help pull the country out of a dire economic crisis.
Wednesday, January 31st 2018 - 09:22 UTC
Theresa May three-day visit to Beijing to prop post-Brexit trade and her leadership

British Prime Minister Theresa May was starting a crucial trade visit to China on Wednesday as she admitted the two countries will not always see eye-to-eye in sensitive areas like steel over-capacity and intellectual property rights.
Wednesday, January 31st 2018 - 09:14 UTC
Top Beijing official warns of risks facing China's “messy” financial system

The level of risk facing China’s financial system could be higher than was seen in the United States before the global crash, according to a former Chinese finance minister. Speaking at a forum in Beijing over the weekend, Lou Jiwei, now chairman of the National Social Security Fund Council, also described the state of China’s financial sector as “messy”.