Economy

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”.
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.