Economy

• Thursday, June 16th 2016 - 08:20 UTC

  Canada and Pacific Alliance establish long term strategic partnership

  

  Canada became the first observer country to enter into a strategic partnership with the Pacific Alliance. Chrystia Freeland, minister of International trade and ministers of the four countries of the alliance—Chile, Colombia, Mexico and Peru—signed a joint declaration today in Mexico City.

• Thursday, June 16th 2016 - 08:08 UTC

  Argentina's revamped stats data launched: May inflation 4.2%

  

  Argentina released inflation figures for the first time since December last year, when newly elected president Mauricio Macri suspended the publication of economic data and intervened the official stats office, Indec, following long standing claims of manipulation by his predecessor.

• Thursday, June 16th 2016 - 07:25 UTC

  Macri attends economic forum in Colombia; reaffirms Argentina's commitment to the Pacific Alliance

  

  Argentine president Mauricio Macri said Mercosur needs “a greater integration dynamics” and defended the idea that the Atlantic regional block country members work to reach agreements with countries of the Pacific Alliance.

• Thursday, June 16th 2016 - 06:55 UTC

  Germany warns Brexit could lead to the European block's disintegration

  

  If the United Kingdom votes to leave the EU next week, the move could ultimately lead to the bloc's disintegration, Germany's foreign minister has warned. Frank-Walter Steinmeier was speaking near Berlin after talks with his French counterpart, Jean-Marc Ayrault.

• Wednesday, June 15th 2016 - 19:06 UTC

  Federal Reserve cautious about the future, leaves interest rates unchanged

  

  United States Federal Reserve in a unanimous vote kept interest rates unchanged on Wednesday and signaled that it will assess labor market conditions, inflation expectations and financial and international developments before deciding on future actions. The U.S. central bank also lowered its economic growth forecasts for 2016 and 2017 and indicated it would be less aggressive in tightening monetary policy after the end of this year.

• Wednesday, June 15th 2016 - 17:06 UTC

  UK Overseas Territories could suffer significantly from Brexit, says UKOTA report

  

  Britain’s Caribbean Overseas Territories could suffer significantly if it votes to leave the European Union in the June 23 referendum, according to a report released in London.

• Wednesday, June 15th 2016 - 16:49 UTC

  Adidas will open its first factory in Germany in 30 years, with robots

  

  Adidas will be opening its first factory in Germany in more than 30 years is one of the most visible examples of global brands bringing manufacturing home because of rising labor costs in Asia. Adidas’s 50,000 square-foot factory, in the Bavarian town of Ansbach, will rely on robots and customized automation to produce 500,000 pairs of athletic shoes a year—well below 1% of Adidas’s total annual production of 300 million pairs—when full production starts in 2017.

• Wednesday, June 15th 2016 - 11:27 UTC

  Falklands Holdings expects quieter period following suspension of oil exploration but trusts increased tourism

  

  Falkland Islands Holdings PLC on Tuesday reported a fall in pre-tax profit for its recently ended financial year, and said it expects to see a quieter period in the Falklands for the year ahead, to be offset by its Portsmouth Harbour Ferry and Momart businesses.

• Wednesday, June 15th 2016 - 07:54 UTC

  Brexit debate escalates: Remains warn of a fiscal “black hole”; Vote Leave slams “hysterical prophecies”

  

  UK Chancellor of the Exchequer George Osborne says he will have to slash public spending and increase taxes in an emergency Budget to tackle a £30bn “black hole” if the UK votes to leave the European Union. The chancellor will say this could include raising income and inheritance taxes and cutting the NHS budget.

• Tuesday, June 14th 2016 - 12:04 UTC

  ECB purchases 348bn Euros of corporate bonds in the first three days

  

  The European Central Bank bought 348 million Euros of corporate bonds in the first three days of such purchases last week, it said on Monday, as part of its 1.74 trillion Euro scheme to revive growth and inflation. The figures are at the upper end of analyst predictions, indicating a strong start for the program and suggesting that the ECB was keen to show it can buy significant volumes.