Economy

Wednesday, January 31st 2018 - 08:55 UTC
UK economy expands 0.5% in fourth quarter and 1.8% for the whole of 2017

The UK economy expanded at a slightly faster pace in the fourth quarter on services and manufacturing output, but the full-year growth was the weakest in five years, preliminary data from the Office for National Statistics showed. GDP grew 0.5% sequentially in the fourth quarter, while the rate was forecast to remain unchanged at 0.4%.
Tuesday, January 30th 2018 - 19:37 UTC
Argentina promotes B20 agenda in London

Daniel Funes de Rioja, Chair of B20, promoted the B20 agenda among British business, chambers, institutions and members of the press at the “B20 Priorities and Challenges” seminar at the Argentine Official Residence in London.
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.