Economy

Thursday, November 16th 2017 - 08:39 UTC
China and Chile agree to upgrade trade accord to take advantage of new technologies

China and Chile have agreed to upgrade their free trade agreement (FTA), a move that will boost both economies, a former official of the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) said.
Wednesday, November 15th 2017 - 11:45 UTC
US cements position as the world's largest oil and gas producer

International energy markets are set for “major upheaval” as the US cements its status as the world's largest oil and gas producer, while China overtakes it as the biggest oil consumer. The predictions come from the International Energy Agency's annual energy forecast.
Wednesday, November 15th 2017 - 08:22 UTC
Parliament begins marathon debate on EU Withdrawal Bill...and PM's May leadership

The British parliament started hours of debate on Tuesday by arguing over when the two-year negotiating period for Brexit should end and whether there should be a fixed time at all.
Wednesday, November 15th 2017 - 08:15 UTC
Bloomberg trusts London will continue as the financial center of Europe

Billionaire Michael Bloomberg said on Tuesday that London would continue to be the financial centre of Europe for the foreseeable future and maintain its position alongside New York as one of the dominant trading capitals in the world though Brexit will reduce the city’s growth.
Tuesday, November 14th 2017 - 14:50 UTC
EU/UK business organizations press for a deal that preserves status quo post/Brexit

European and UK business leaders have told Prime Minister Theresa May of their Brexit concerns. At a meeting in Downing Street on Monday, representatives from groups including the CBI and BusinessEurope pressed for a transitional deal that preserves the status quo after Brexit.
Tuesday, November 14th 2017 - 10:50 UTC
Venezuela wants bondholders to press the US government to lift sanctions and allow debt restructuring

Venezuela hosted a brief meeting of creditors on Monday as the struggling yet oil-rich country sought to stave off a default seen as inevitable by experts, while the EU stepped up the pressure with new sanctions on Caracas.
Tuesday, November 14th 2017 - 09:44 UTC
Sterling slides on concerns about UK leadership and rebel Tory MPs

Sterling fell against the dollar and euro on Monday as investors worried about Theresa May's ability to stay on as British prime minister and get what they consider to be a good exit deal from the European Union.
Tuesday, November 14th 2017 - 09:16 UTC
PM May yields and announces Brexit deal will only hold if is approved by MPs and peers

The Brexit deal covering “withdrawal” issues will only hold if it is approved by MPs and peers in a new piece of legislation to put it into British law, David Davis has said. The Brexit Secretary announced a Withdrawal Agreement and Implementation Bill, which MPs will be able to amend, to cover areas such as citizens’ rights, the so-called divorce bill and a transition period.
Monday, November 13th 2017 - 23:58 UTC
Private construction and infrastructure boosting Argentina's steel industry

Argentina's Acindar steelmaker is currently working at 70% of its installed capacity, which is 1.7 million metric tons of crude steel and 1.4 million mt of finished steel. In 2016, Acindar produced 962,000 mt of steel products. Expectation for 2017 is that it will reach 1.1 million mt, resuming good levels for the company.
Monday, November 13th 2017 - 09:23 UTC
EU working on a plan for the possible collapse of Brexit negotiations

The European Union's chief negotiator, Michel Barnier, says he is planning for the possible collapse of Brexit negotiations with the UK. Barnier was talking to French newspaper Le Journal du Dimanche days after giving the UK a two-week deadline to clarify key issues.