Investments

• Monday, July 2nd 2018 - 08:31 UTC

  Leading world car makers urge US not to impose tariffs on auto imports

  

  BMW and Hyundai Motor urged the U.S. not to impose tariffs on auto imports, joining General Motors Co. in pressing their case to the Commerce Department even as a top aide to President Donald Trump dismissed the concerns as “smoke and mirrors.”

• Friday, June 29th 2018 - 16:34 UTC

  Boeing’s passenger plans go hypersonic.

  

  Boeing has unveiled a sleek, new hypersonic passenger plane capable of crossing the globe in hours and which could be available in 20 to 30 years.The US manufacturer says the concept could have passenger or military applications and is one of several its engineers are studying.

• Thursday, June 28th 2018 - 13:11 UTC

  Berlin and Paris angry with UK over Brexit, a “pain in the ass” distracting from major issues

  

  Influential EU states such as Germany, France and Spain will block any attempt by the UK to remain within the single market for goods without freedom of movement, the Spanish Foreign Minister has said. Josep Borrell said that some smaller EU states might privately be willing to negotiate reform of the bloc’s free movement rules in order to keep easy access to UK products.

• Thursday, June 28th 2018 - 11:57 UTC

  Black Wednesday for Argentina and Brazil as selloff intensifies across emerging markets assets

  

  Argentina’s benchmark MerVal stock index closed down 8.8% on Wednesday, its worst daily performance since early 2014, as concerns about trade tensions between the United States and China prompted a selloff across emerging market assets.

• Tuesday, June 26th 2018 - 09:06 UTC

  Petrobras agrees to pay US$ 3bn in reparations to US investors

  

  Brazilian state oil company Petrobras announced Monday that it would pay almost 3 billion U.S. dollars in reparations to U.S. investors who were harmed by the corruption ring within the firm. Brazil's largest company was sued in a class action lawsuit, which was approved on June 22 by a federal court in New York.

• Tuesday, June 26th 2018 - 09:01 UTC

  Heathrow airport third runway approved in Parliament, but hurdles remain

  

  British lawmakers on Monday approved plans to expand Heathrow Airport near London after years of study and debate, but the construction of a third runway still faces significant hurdles.

• Monday, June 25th 2018 - 07:44 UTC

  UK government reacts to Brexit threats from business: “completely inappropriate” at negotiations critical moment

  

  Health Secretary Jeremy Hunt has said that “threats” by business over Brexit are “completely inappropriate”. He was responding to warnings by Airbus and BMW that investments in the UK could be jeopardized by Brexit uncertainty.

• Friday, June 22nd 2018 - 08:46 UTC

  NATO chief calls on UK to continue playing a leading role as military power

  

  The head of Nato has called on Britain to continue investing in defense amid claims that Theresa May has questioned the UK’s role as a leading military power. In a speech in London, Jens Stoltenberg said he expected the UK to continue playing a major international role.

• Thursday, June 21st 2018 - 11:44 UTC

  Chile Day in London, 6-7 September, to promote growth and investments

  

  Chile Day in London will take place on 6-7 September; it was announced at an event in the British embassy in Santiago de Chile. The initiative has grown steadily since its year of inception in 2011 and “this year promises to be a new focus, at an important time for both our countries”, said ambassador Fiona Clouder.

• Thursday, June 21st 2018 - 08:03 UTC

  IMF Executive Board approves US$50bn Stand-By Arrangement for Argentina

  

  The Executive Board of the International Monetary Fund (IMF) approved on Wednesday a three-year Stand-By Arrangement (SBA) for Argentina amounting to US$50 billion (equivalent to SDR 35.379 billion, or about 1,110 percent of Argentina’s quota in the IMF).