Economy

Thursday, November 16th 2017 - 09:54 UTC
Key ally of Merkel more optimistic about Brexit after meeting Theresa May

Manfred Weber, a leading lawmaker in the European Parliament and head of the European People Party, said on Wednesday he was more confident about Britain and the European Union ironing out difficulties in the Brexit talks.
Thursday, November 16th 2017 - 09:41 UTC
Luxury Silver Cloud sets off for Antarctica with a call in the Falklands

Luxury line Silversea's 254-passenger Silver Cloud has set sail on its first voyage after a massive makeover designed to turn it into the most elegant polar expedition vessel at sea.
Thursday, November 16th 2017 - 09:30 UTC
Argentina en route to becoming region's leading producer and exporter of “white petroleum” lithium

Argentina is disputing with Chile South America’s top producer of the mineral lithium, a key ingredient for the production of electric cars and its rechargeable batteries allowing them to retain energy far longer, and as a consequence its price has soared more than 30% to a record US$ 12.000 a ton this year.
Thursday, November 16th 2017 - 09:08 UTC
Russia gives Venezuela a hand and restructures US$ 3.15bn debt over a 10-year period

Russia and Venezuela signed a debt restructuring deal on Wednesday allowing Caracas to make “minimal” payments to Moscow in the next six years to help it meet obligations to other creditors, the Russian Finance Ministry said. Under the deal, Venezuela will pay Russia back a total of US$ 3.15 billion over a 10-year period, the ministry said.
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.