Economy

Wednesday, August 16th 2017 - 09:22 UTC
UK rejects any border posts between Ireland and Ulster, according to Brexit paper

The United Kingdom government has said it does not want any border posts between Northern Ireland and the Republic of Ireland in its new position paper on Brexit. The paper is part of its negotiations with the European Union and the broad ideas in the document appear familiar.
Tuesday, August 15th 2017 - 15:44 UTC
Trump orders review of China's practices regarding intellectual property; Beijing warns it “will not sit idle”

President Donald Trump has asked his country's top trade official to review China's practices regarding intellectual property. The move was incremental, but could eventually lead to the US imposing trade sanctions.
Tuesday, August 15th 2017 - 14:52 UTC
UK wants to secure a post-Brexit “ambitious new customs arrangement” with the EU

The UK has set out the “ambitious new customs arrangement” it wants to secure with the EU after Brexit. Ministers said the plans would mean the “freest and most frictionless possible trade” with the rest of Europe and could include a “temporary customs union” after Brexit to prevent border problems as the UK leaves the EU.
Tuesday, August 15th 2017 - 10:56 UTC
Canada adopts resolute stance ahead of NAFTA renegotiation scheduled for Wednesday

Canada signaled Monday that it would not give much, if any, ground on the benefits it provides to domestic industries when it joins the U.S. and Mexico to begin renegotiations on the North American Free Trade Agreement this week. A key issue for the U.S. is getting Canada to stop policies that boost its dairy, poultry, and timber industries.
Tuesday, August 15th 2017 - 10:45 UTC
Brazil opens first corn ethanol plant; the country leads in sugarcane ethanol

Brazilian company FS Bioenergia inaugurated a corn ethanol plant, the first in the country, to produce 210 million liters year. The plant was built by a joint venture between the local agro-company Fiagril and US-based Summit Agricultural Group with investments of BRL 450 million (US$ 141.1m), said the Ministry of Agriculture, Livestock and Farming.
Tuesday, August 15th 2017 - 09:34 UTC
Temer and Meirelles discussing with congress leaders budget deficit and cabinet positions

Brazil's government delayed the announcement of looser budget targets for 2017 and 2018, previously expected for Monday, as authorities struggled to estimate revenues given strong opposition in Congress to tax hikes.
Monday, August 14th 2017 - 12:02 UTC
Brazil’s Pre-Salt Extraction Costs Fall To US$8 Per Barrel

By Haley Zaremba from Oilprice - Not too long ago Brazilian state oil company Petrobras was the most indebted oil & gas company in the world. The long-suffering company has faced dire mismanagement while being weighed down by allegations of involvement in Brazil’s widespread corruption. But that’s all changing.
Monday, August 14th 2017 - 07:13 UTC
Opportunities to strengthen the UK-Argentina relationship

By British Ambassador Mark Kent (*) A few days ago I completed my first year as British Ambassador to Argentina. During this time, I have had the fortune to meet the people of the country, visit some of its cities, try its food, attend events and learn about its way of life.
Saturday, August 12th 2017 - 12:46 UTC
July inflation in US at 0.1% and the annual rate stands at 1.7%

Prices in the United States rose by less than expected last month, as inflation in the economy remained tame. The Labor Department's Consumer Price Index (CPI) inched up 0.1% last month, only a slight improvement on a stagnant June figure. Economists polled by Reuters had expected a 0.2% month-on-month increase.
Saturday, August 12th 2017 - 10:57 UTC
British government and Scotland exchange threats over Brexit legislation

The legislation to formally remove the UK from the European Union will not be changed by Westminster, a senior member of Theresa May’s Cabinet has said despite threats from Scotland's SNP ministers to refuse consent for the Bill as it stands.