Investments

Monday, July 11th 2016 - 07:24 UTC
IMF lowers Euro Zone growth prospects because of Brexit and extended risk aversion

The International Monetary Fund has cuts its economic growth forecasts for the Euro zone in the wake of the UK's vote to leave the European Union. The Euro zone is now expected to grow by 1.6% this year and 1.4% in 2017.
Monday, July 11th 2016 - 07:21 UTC
US employment rebounds strongly during June

US economy created 287,000 jobs in June, rebounding strongly from disappointing growth in May. The figure was much stronger than forecast, and the dollar and yields on US government bonds rose in the belief a US rate rise was now more likely.
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.