Economy

Sunday, September 3rd 2017 - 01:49 UTC
“No progress” on Brexit UK/EU Brussels talks: both sides hold on to their positions

A row over the Brexit divorce bill has dominated the latest round of talks between the UK and the European Union, with both sides in the Brussels negotiations voicing their frustrations. Brexit Secretary David Davis said there had been a “tough” discussion over the fee Brussels wants the UK to pay to settle its obligations after British officials challenged the legal basis of the demand.
Sunday, September 3rd 2017 - 01:35 UTC
Argentine economy picking up spurred by manufacturing and construction

Argentina's economic activity expanded 4.0% in June compared with the same period the prior year, government statistics agency Indec said on Thursday, the latest sign of economic recovery ahead of legislative elections in October.
Saturday, September 2nd 2017 - 12:08 UTC
St Helena/South Africa commercial weekly flights begin this month

The British Overseas Territory, BOT, St Helena Government and Airlink have announced that the sale of tickets for flights to St Helena Island will commence early in September 2017.Airlink will operate a weekly service between St Helena and Johannesburg and St Helena and Cape Town (via the stopover at Windhoek International Airport in Namibia).
Saturday, September 2nd 2017 - 10:36 UTC
Falklands' Government Investment funds reached £344 million in June 2017

The market value of all Falkland Islands Government, FIG, investment funds have increased from £285 million in June 2015, to £309 million in June 2016 and to £344 million in June 2017.
Friday, September 1st 2017 - 14:28 UTC
August inflation in Euro zone reaches 1.5%; Unemployment unchanged at 9.1%

The inflation rate in the Euro zone rose to a higher-than-expected 1.5% in August, according to Eurostat, the European Union's statistics office. The preliminary estimate for the month was up from July's rate of 1.3%.
Friday, September 1st 2017 - 13:34 UTC
Meat packing giant JBS names independent advisory board for its US branch

JBS USA, a unit of São Paulo, Brazil-based meat packing giant JBS SA, has formed an independent advisory board that will provide counsel to the company’s executive leadership on corporate governance, government and regulatory affairs and other matters.
Friday, September 1st 2017 - 10:14 UTC
Harvey killed at least 30 and losses in Texas could reach US$ 100bn; half a million claiming federal assistance

The costs of the deadly storm in Texas and the Gulf of Mexico continued to mount on Thursday, with some analysts estimating losses that approach US$100bn. Harvey has killed more than 30 people and destroyed thousands of homes. Many firms in the region, a major transport hub that is a home to the oil and gas industry, don't know when they will resume normal operations.
Wednesday, August 30th 2017 - 20:05 UTC
British Retail warns that a 'no deal scenario' with EU means urgent updating of Customs services

Brexit brings risks of food shortages if the UK does not manage to get its customs processes sorted out, the British Retail Consortium has warned, but Brexit campaigners said technology meant there would be “no need for hold-ups at borders”.
Wednesday, August 30th 2017 - 08:35 UTC
Meirelles expects the Brazilian economy to grow between 2.5% and 3% in 2018

Brazil's Finance Minister, Henrique Meirelles, said on Monday that he expects the economy to grow “at around 3%” in 2018. His statement was made a few minutes after a ministerial meeting at the Planalto Palace, at a time when the government is preparing itself to confront a new charge against President Michel Temer.
Wednesday, August 30th 2017 - 08:14 UTC
Euro at its strongest against the US dollar for the first time since 2015

The Euro has hit US$1.20 for the first time since January 2015 as the prospect of a US interest rate rise recedes. Hurricane Harvey's impact has led analysts to assume the US central bank will not want to risk curbing economic growth and fears over North Korea's activities have unnerved investors.