Economy

Wednesday, April 19th 2017 - 05:49 UTC
The disputed FIH Group plans to release this week a trading update

FIH Group PLC said on Tuesday it plans to release a trading update later this week which will outline its anticipated results for the recently ended financial year while also updating shareholders on the future strategy following failed takeover offers for the firm.
Wednesday, April 19th 2017 - 04:59 UTC
The snap election and consequences seen from the European Union

Prime Minister Theresa May announcement of a June snap election could strengthen her hand in the Brexit negotiations but the rest of the European Union was firm about its position in the two-year talks, insisting that their stance would be unchanged whatever the result.
Wednesday, April 19th 2017 - 04:13 UTC
Macri confident a Mercosur/European Union trade accord can be expected in the second half of 2017

Argentine president Mauricio Macri is convinced that in the second half of the year Mercosur will sign the long awaited trade agreement with the European Union and will establish closer links with the Pacific Alliance, according to a report in one of Buenos Aires leading radios.
Monday, April 17th 2017 - 12:33 UTC
Post-Brexit: Lloyds Group wants to convert its Berlin branch into a European hub

Lloyds Banking Group has decided to set up a European base in Germany after the UK leaves the EU, according to the BBC. Lloyds has decided to convert its Berlin branch into a European hub, in order to maintain a presence inside the EU, sources told the BBC.
Saturday, April 15th 2017 - 09:37 UTC
Trump backtracks: China is not a currency manipulator, and praises Janet Yellen

President Donald Trump has said his administration will not label China a currency manipulator, rowing back on a campaign promise. The US president also left open the possibility of re-nominating Janet Yellen as the head of the Federal Reserve, despite having criticized her.
Saturday, April 15th 2017 - 07:39 UTC
China becomes Chile's leading wine market ahead of United States

China overtook the United States in 2016 to become Chile's No. 1 wine market, Angelica Valenzuela, commercial director of Vinos de Chile, said. Wine consumption in China grew 13.8% last year, Valenzuela told reporters at a press conference organized by the Imagen de Chile Foundation, an agency charged with promoting the national brand
Friday, April 14th 2017 - 18:45 UTC
Mercosur and Canada hold talks for a possible trade agreement

Mercosur and Canada re-launched discussions for a “possible trade agreement” this week, following a meeting of technical delegations in Argentina, which currently holds the chair of the South American group, and hosted the round of talks.
Thursday, April 13th 2017 - 07:30 UTC
Brazil central bank slashes money cost; estimates Selic rate at 8.5% by end of the year

Brazil's Central Bank cut the key interest rate by a full one percentage point on Wednesday in an effort to inject life into the floundering economy. This was the fifth straight cut, taking the key Selic rate to 11.25%.
Wednesday, April 12th 2017 - 09:44 UTC
UK inflation steady in March with rising food and clothing prices

Inflation in the United Kingdom held steady last month, as rising prices for food and clothing were offset by lower air fares. The UK Office for National Statistics, ONS, said inflation as measured by the Consumer Prices Index remained at 2.3%.
Tuesday, April 11th 2017 - 16:42 UTC
Falklands will establish a dedicated Telecommunications Regulator

The Falkland Islands government has announced that with the introduction of the new Telecommunications Ordinance, recent focus has been on setting up structures to regulate the Sure exclusive license.