Economy

Thursday, July 27th 2017 - 16:41 UTC
Trump's economic advisor Gary Cohn considered as possible next Fed chair

United States President Donald Trump named two possible candidates to run the Federal Reserve over the next few years: current Fed Chair Janet Yellen and Trump's economic adviser Gary Cohn, according to an interview with The Wall Street Journal.
Thursday, July 27th 2017 - 16:34 UTC
Fed leaves rate unchanged but will begin selling assets “relatively soon”

Leaders of the U.S. central bank said Wednesday that they were holding their benchmark lending rate at a low level — in a range between 1 and 1.25% — for the time being. Federal Reserve officials said in a report issued after their two-day policy meeting that the world's largest economy was growing at a “moderate” pace and the job market was improving, but that inflation remained a bit low.
Thursday, July 27th 2017 - 15:53 UTC
Falklands' issues Crown coin on 35th anniversary of Liberation Day

The government and Treasury of the Falkland Islands have issued (11th July) a new crown coin which remembers the 35th anniversary of the day the Islands were officially and wholly liberated from invading Argentine military forces.
Thursday, July 27th 2017 - 14:54 UTC
Brazil central bank lowers basic rate to 9.25%; expected to reach 8% by end of 2017

Brazil's central bank cut interest rates below 10% for the first time in nearly four years on Wednesday, keeping a fast pace of monetary easing as plunging inflation gave it leeway to aid an incipient recovery.The bank's nine-member monetary policy committee, known as Copom, cut its benchmark Selic rate by 100 basis points for the third straight time to 9.25%.
Thursday, July 27th 2017 - 10:29 UTC
UK expands 0.3% in second quarter, but it is a “notable slowdown” from last year

United Kingdom economic growth edged slightly higher in the three months to June, as a stronger service sector offset weaker manufacturing and construction. The Office for National Statistics (ONS) said the economy expanded by 0.3% in the quarter, up from 0.2% in the previous three months, but added there had been a “notable slowdown” from last year.
Thursday, July 27th 2017 - 01:52 UTC
Brazilian landless peasants invade soybean plantation owned by Agriculture minister

Hundreds of landless farmers in Brazil have invaded and occupied a soybean plantation owned by a company belonging to Agriculture Minister Blairo Maggi. The takeover by some 500 people was organized by the Landless Rural Workers' Movement, which encourages the seizure of farmland it deems unproductive as a tactic to pressure the government.
Wednesday, July 26th 2017 - 09:07 UTC
Falklands' Tourist Board focuses on digital marketing strategy

The current focus of the Falkland Islands Tourist Board's digital marketing strategy is social media marketing using Facebook, Twitter and Instagram, confirmed Executive Director Stephanie Middleton. The Board has turned to the popular sites in order to raise awareness of the Falklands and in turn increase the number of visitors in the new website.
Tuesday, July 25th 2017 - 06:29 UTC
IMF lowers US economic growth forecast for 2017 and 2018

The IMF on Sunday lowered its economic growth forecasts for the United States to 2.1% for this year and the next, down from the 2.3% for 2017 and 2.5% for 2018 that it had predicted in April.
Tuesday, July 25th 2017 - 03:54 UTC
Prince William tours Germany to reaffirm close links with UK despite Brexit

The Duke and Duchess of Cambridge have been on tour in Germany with a very specific purpose: to reassure Germans that Brexit doesn't mean the break-up of a excellent relationship.
Tuesday, July 25th 2017 - 03:40 UTC
Repsol caught in the middle of the Hanoi/Beijing South China Sea powder keg

Vietnam has ordered a Spanish private company conducting a gas-drilling expedition in a disputed area of the South China Sea to cease operations following military threats from China, according to reports.