Investments

• Monday, July 11th 2016 - 06:20 UTC

  The Pound beats the Argentine Peso as worst performing currency in 2016

  

  The pound has beaten the Argentine peso to become 2016's worst performing currency after it plunged to a 31-year low in the aftermath of the decision to leave the EU. Sterling dipped below US$1.30 for the first time since 1985 in the second week after the European referendum.

• Monday, July 11th 2016 - 06:07 UTC

  Brazilian army take to the streets in a display of force in anticipation of the Olympic Games

  

  Brazilian soldiers were on the streets last Saturday, checking out spots around the city that will get intense security when the Rio de Janeiro Olympics open in under four weeks. Armored vehicles and trucks carrying troops were accompanied by soldiers decked out in camouflage gear and matching helmets, with rifles slung over their shoulders. The soldiers covered the city, from Copacabana Beach to the central train station and the renovated port area.

• Monday, July 11th 2016 - 05:08 UTC

  Meirelles budget lower deficit objective prevails in the Temer administration

  

  Brazil set a smaller 2017 primary deficit target than initially envisioned, in an attempt to show greater austerity after an increase in spending raised doubts about the government's fiscal discipline. The central government primary deficit target was set at 139 billion Reais (US$41.32 billion) for 2017, a figure well below the 160 billion Reais it initially considered.

• Monday, July 11th 2016 - 05:04 UTC

  Brazil's six-month inflation remains above same period last year and central bank target

  

  Inflation in Brazil fell in June by 0.35% to an annual rate of 8.84%, but remains almost double the government target, official figures showed. This was an improvement from May, when inflation hit 9.32%, temporarily reversing a three-month falling trend.

• Friday, July 8th 2016 - 09:47 UTC

  Macri extends business tour to Idaho for a techno conference presided by Bill Gates

  

  Following his business promoting visit to France, Belgium and Germany, Argentine president Mauricio Macri is attending the Sun Valley Conference in the city of Idaho, United States, which is presided over by Microsoft creator Bill Gates.

• Friday, July 8th 2016 - 04:53 UTC

  A woman will succeed PM Cameron and lead UK's exit from EU

  

  Two women Theresa May and Andrea Leadsom are battling to become the next leader of the British Conservative party and thus prime minister, the first time since the late Margaret Thatcher. After the second MPs ballot on Thursday, Home Secretary May finished with 199 votes, Energy Minister Mrs. Leadsom 84 and Michael Gove, the justice secretary, 46.

• Friday, July 8th 2016 - 04:49 UTC

  Four US leading banks commit continued support for London as global financial hub

  

  Four of the biggest US banks have committed to helping maintain London's position as a global financial hub after the UK leaves the European Union. Since the referendum vote there have been concerns that banks would reduce their staff and offices in the country.

• Thursday, July 7th 2016 - 07:11 UTC

  Federal Reserve extremely cautious on Brexit aftermath and US job market

  

  Federal Reserve policymakers decided in June that interest rate hikes should stay on hold until they have a handle on the consequences of Britain's vote on EU membership, according to the minutes of the Fed's June policy meeting released on Wednesday.

• Thursday, July 7th 2016 - 06:33 UTC

  Germany warns EU members about a tax-cuts race to attract Brexit business

  

  German Finance Minister Wolfgang Schaeuble has said he opposes a “race to the bottom” of competitive tax cuts. He spoke after George Osborne pledged to cut UK corporation tax in response to the Brexit vote and from Paris, in an attempt to attract UK businesses, the French government promised its taxes will be the most favorable in Europe.

• Wednesday, July 6th 2016 - 04:40 UTC

  Macri pushes in Berlin for EU-Mercosur accord, but Merkel sides with France in the agriculture issue

  

  President Mauricio Macri met on Tuesday with German Chancellor Angela Merkel in Berlin with both leaders holding a press conference to address the current state of talks regarding a trade agreement between the European Union and the Mercosur.