Economy

• Saturday, January 20th 2018 - 09:15 UTC

  Argentina's GDP expanded 2.9% in 2017, bouncing from a 2.2% retraction in 2016

  

  Argentina’s gross domestic product (GDP) expanded by 2.9% in 2017, and grew 0.7% in the fourth quarter from the third quarter, a Treasury Ministry source said on Friday, bouncing back from a 2.2% contraction the prior year.

• Friday, January 19th 2018 - 09:27 UTC

  Beijing claims economy growth picks up after seven years, but there are doubts about Chinese stats

  

  China's economy grew by 6.9% in 2017 according to official data - the first time in seven years the pace of growth has picked up. The figure beats Beijing's official annual expansion target of about 6.5% and is good news for the global economy since China's impact and the better-than-expected data is likely to cheer investors around the world.

• Friday, January 19th 2018 - 09:01 UTC

  Lula is no radical or a threat to stability: everyone won when he was president

  

  The leader of Brazil's Workers' Party, PT, argued in an interview that former president Luiz Inacio Lula da Silva is anything but radical and does not pose a threat to Brazilian financial stability. Brazilian senator Gleisi Hoffman told Bloomberg News that Lula is working on a second “letter to Brazilian people” (as he did in 2002) to reassure the markets about his commitment to fiscal responsibility.

• Friday, January 19th 2018 - 05:21 UTC

  Foreign Office director in Chile to discuss UK's exit and transition process

  

  The Foreign Office Director of the Economic Diplomacy Directorate Hugh Elliot is currently in Chile on a two day visit to discuss the UK’s transition process from the European Union with the Chilean Government. Mr. Elliot is the UK's government main interlocutor for the transition program of agreements and third countries.

• Thursday, January 18th 2018 - 09:44 UTC

  China and Japan slow down purchase of US Treasury securities

  

  China cuts its holdings of U.S. Treasury securities in November 2017 after adding US$ 8.4bn in October. China's holdings of U.S. treasuries dropped by US$ 12.6bn to US$ 1.1766 trillion in November last year. China remained the largest holder of U.S. treasuries.

• Thursday, January 18th 2018 - 09:25 UTC

  Apple will pay US$ 38bn in tax following recent changes to US fiscal rules

  

  Apple will pay about US$38bn in tax on the roughly US$ 250bn cash pile it holds outside the US following recent changes to American tax rules. The sum is expected to be the biggest payment under the reforms, which slash the US corporate tax rate.

• Thursday, January 18th 2018 - 09:11 UTC

  All cuts of Argentine beef and lamb have full access to the Chinese market

  

  Argentina and China signed a “historic” agreement that opens the huge Asian market to beef and lamb with bone from the South American country, according to Senasa the Argentine agriculture and livestock sanitary office. The deal concludes fifteen years of negotiations and means access to the world's largest importer of beef.

• Thursday, January 18th 2018 - 07:14 UTC

  Brexit bill passes House of Commons and now faces Lords' tough debate

  

  The marathon bill paving the way for Britain to leave the European Union passed a crucial stage in the House of Commons on Wednesday night. With support of 324 MPs, and the opposition of 295 MPs, a government majority of just 29, the bill for Exiting the EU aims to convert all European law into British law.

• Wednesday, January 17th 2018 - 09:32 UTC

  Hard times in Cuba: electricity and fuel cuts, slashed imports and payments to suppliers delayed

  

  Cuba has not provided a detailed breakdown of key economic activity in its annual statistical abstract for the first time this century, leaving would-be investors more in the dark than usual about the cenrtralized-run economy.

• Wednesday, January 17th 2018 - 09:29 UTC

  Brazilian stocks at an all time high, as optimism grows recession is over

  

  Brazilian stocks on Tuesday edged up to an all-time high as optimism over the nation's economic prospects kept an early-year rally alive. The benchmark Bovespa stock index rose 0.3% to 79,951, nearing the 80,000 milestone for the first-time ever.