Politics

Friday, September 21st 2018 - 09:32 UTC
Argentine Peso recovers strongly and with no support from the Central bank

The Argentine Peso reacted strongly against the US dollar on Thursday following on an abundant private supply of greenbacks to satisfy demand, which kept the Central Bank out of the market for the first time since the beginning of the month. The dollar fell 2.8% and ended trading below 39 Pesos.
Friday, September 21st 2018 - 09:23 UTC
Bolsonaro undergoes further surgery to drain liquid from abdomen

Brazilian extreme right presidential candidate Jain Bolsonaro, who was stabbed during a political rally over a week ago and has since been under intensive care in the Albert Einstein hospital in Sao Paulo, had to undergo another emergency invasive intervention following high fever and accumulation of liquid in his abdomen.
Friday, September 21st 2018 - 09:17 UTC
Ascension Island runway resurfacing works will go ahead, confirms MoD

A spokesperson for British Forces South Atlantic Islands has dismissed stories that plans to refurbish Ascension Island runway are not to go ahead. The spokesperson told Penguin News on Thursday: “The commercial process is ongoing for the runway resurfacing works at Ascension which is led by the United States.
Friday, September 21st 2018 - 08:55 UTC
Dead end for Brexit/Salzburg discussions; October “moment of truth” for an agreement

Theresa May's proposed new economic partnership with the EU “will not work”, the head of the European Council has said. Speaking at the end for an EU summit in Salzburg where leaders of the 27 remaining member states discussed Brexit, Donald Tusk said the plans risked undermining the EU's single market.
Friday, September 21st 2018 - 08:51 UTC
Spain confident of an agreement on Gibraltar by October, says PM Sanchez

The Spanish Government hopes to reach agreement on Gibraltar’s post-Brexit relations with Spain and the EU by October against the backdrop of the UK’s wider withdrawal negotiations, Spanish Prime Minister Pedro Sanchez said on Thursday.
Friday, September 21st 2018 - 08:47 UTC
Argentine Peso at an equilibrium point, says head of Central bank

Argentina’s central bank now sees the Peso at an equilibrium level, chief Luis Caputo told market participants who attended a meeting with him on Thursday. The statement comes after two days of strengthening by the peso following a rout that sent it to a record intra-day low in late August.
Friday, September 21st 2018 - 08:35 UTC
US/Beijing trade war: China plans to reduce tariff rates on imports next October, reports Bloomberg

China plans to reduce the average tariff rate on imports from most of its trading partners as soon as October, Bloomberg News reported on Thursday. In July, China cut import tariffs on almost 1,500 consumer products ranging from cosmetics to home appliances as part of efforts to open up its economy, the world’s second biggest.
Friday, September 21st 2018 - 08:31 UTC
Argentina/IMF making “important progress” on reforms for loan package, but no specific timeline

Argentina's budget proposal submitted this week is a key element in the reforms needed for a new loan package for the crisis-hit country, an International Monetary Fund spokesman said Thursday.
Friday, September 21st 2018 - 08:21 UTC
Peruvian congress renews confidence in cabinet of president Vizcarra

Peru’s opposition-run Congress renewed its confidence in the cabinet of President Martin Vizcarra on Wednesday, averting a political crisis that could have forced new legislative elections.
Thursday, September 20th 2018 - 08:42 UTC
WTO deeply concerned with US/China trade dispute: both sides have “significant” ammunition

The trade dispute between the United States and China could well expand into other areas given the significant “ammunition” the two countries have, the director-general of the World Trade Organization (WTO) said on Wednesday.