Economy

• Saturday, January 28th 2017 - 12:00 UTC

  Consumer spending helps UK economy surprise and grows faster than expected in 2016

  

  Strong consumer spending helped the UK's economy to grow faster than expected at the end of last year. The economy grew by 0.6% in the October-to-December period, the same rate as in the previous two quarters, according to an initial estimate from the Office for National Statistics.

• Saturday, January 28th 2017 - 11:53 UTC

  US economy expands at an annual 1.6%; “Trumpconomics” promises 4% growth

  

  The US economy grew at an annual pace of 1.9% in the fourth quarter of last year, according to official figures. That was slower than the 2.2% growth rate economists had been expecting and below third quarter growth of 3.5%, which means annual GDP rose by 1.6%, the slowest since 2011 and down on 2015 when the world's largest economy expanded by 2.6%.

• Thursday, January 26th 2017 - 20:04 UTC

  UPM comments market speculations concerning an alleged pulp mill investment in Uruguay

  

  UPM states that it is not engaged in negotiations on a pulp mill investment with the Uruguayan government. As earlier announced, the company is considering prospects and prerequisites for long-term development in Uruguay. Currently UPM is engaged in discussions with the Government of Uruguay on infrastructure development.

• Thursday, January 26th 2017 - 09:01 UTC

  Argentina cautious about Trump’s administration impact on bilateral trade

  

  Argentina's trade relationship with the United States will not suffer an immediate negative impact with Donald Trump as president, but it remains to be seen how his measures will shape the world economy, according to the Argentine ambassador in Washington, Martín Lousteau.

• Thursday, January 26th 2017 - 08:56 UTC

  Dow Jones closes past a historic 20.000 point marks on Trump's actions

  

  The Dow Jones Industrial Average (DJIA) surged and closed past a historic 20,000 points mark on Wednesday (25 January), on strong earnings data from major constituents and US President Donald Trump's reaffirmation of his pro natural resources stance which sent related stocks higher both overnight and in early trading.

• Tuesday, January 24th 2017 - 18:40 UTC

  Trump keeps his promise: dumps TPP and pledges to lower corporate taxes to 20% from 35%

  

  President Donald Trump has fulfilled a campaign pledge by signing an executive order to withdraw from the Trans-Pacific Partnership (TPP). The 12-nation trade deal was a linchpin of former President Barack Obama's Asia policy.

• Monday, January 23rd 2017 - 18:32 UTC

  State of emergency in Chile because of wildfires; smoke cloaked Santiago

  

  Chile declared a state of emergency on Friday as more than a dozen wildfires that have scorched nearly 50,000 hectares threatened to encroach on towns, factories and vineyards. Firefighters, forestry service personnel and members of the military are battling 18 separate blazes in the center and south of the country that have been fueled by strong winds and a heat wave.

• Monday, January 23rd 2017 - 12:33 UTC

  Argentina issues US$ 7bn in 5 and 10-year bonds at 5.625% to 7% rate

  

  Argentina launched a US$7bn two-part bond on Thursday, covering its planned dollar issuance for the year in one fell swoop on the back of more than US$21bn of orders. The deal was the sovereign's third in US dollars since being welcomed back to the international capital markets last year after a protracted fight with creditors, and demand was strong.

• Monday, January 23rd 2017 - 12:21 UTC

  PM May scheduled to announce an ambitious port-Brexit industrial strategy

  

  British Prime Minister is to unveil a new, more interventionist, and industrial strategy on Monday, designed to boost the post-Brexit UK economy. The government will be “stepping up to a new, active role,” Mrs. May said. She will launch the new strategy at her first regional cabinet meeting, to be held in the north-west of England.

• Sunday, January 22nd 2017 - 08:02 UTC

  Trump expects Theresa May on Friday at the White House; first meeting with a foreign leader

  

  Prime Minister Theresa May will meet US President Donald Trump in Washington DC on Friday, the White House has said. Mrs May will be the first foreign leader to meet the new president after his inauguration.