Economy

• Tuesday, January 23rd 2018 - 06:27 UTC

  Jaguar Land Rover plans production cuts on Brexit uncertainty and diesel cars' taxes

  

  Jaguar Land Rover will cut production of some vehicles amid uncertainty over Brexit and changes to taxes on diesel cars. The company will scale back output of Range Rover Discovery Sport and Evoque models temporarily later this year. Last week, JLR said its global sales hit a record in 2017, but that the UK market was “tough”.

• Saturday, January 20th 2018 - 10:48 UTC

  Bipartisan efforts failed: US Government shutdown

  

  For first time since 2013, the US government is in shutdown after senators rejected a temporary spending patch. Trump accuses Democrats of taking Americans hostage with their demands.

• Saturday, January 20th 2018 - 09:26 UTC

  Argentina drastically slashes docking services to lower exports' costs

  

  Argentina has set a maximum rate paid for port docking and undocking services, the government said in its official gazette, a change the Transportation Ministry said would slash docking costs by up to 40%. The move comes as President Mauricio Macri seeks to lower the cost of exporting food from the world’s No. 3 soy and corn exporter and the leading shipper of soybean livestock feed.

• Saturday, January 20th 2018 - 09:21 UTC

  Argentina posted a primary fiscal deficit of 3.9% of GDP during 2017

  

  Argentina posted a primary fiscal deficit worth 3.9% of GDP in 2017, below its 4.2% goal and the 4.6% figure posted in 2016, Treasury Minister Nicolas Dujovne told reporters. He said the government’s 2018 target for a primary fiscal deficit remained at 3.2% of GDP, with targets of deficits worth 0.6% in the first quarter, 1.6% in the second quarter and 2.2% in the third quarter.

• 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.