Tag: economy

Saturday, April 27th 2019 - 09:59 UTC
With markets and assets falling, Argentina becomes a magnet for bargain hunters

Argentine assets have tumbled so far, so fast that a few stout-hearted investors say it might be time to buy. “Find me a high-yield sovereign country with an IMF program paying so generously,” said Jean-Dominique Butikofer, the Atlanta-based head of emerging-market fixed income at Voya Investment Management, which oversees about US$ 205 billion.
Friday, April 26th 2019 - 10:22 UTC
Xi pledges China an end to export subsidies and no competitive devaluation of the Yuan

Chinese President Xi Jinping vowed Friday (Apr 26) to abolish subsidies to firms that impede fair competition - addressing a major bone of contention in US trade talks. Xi repeated past promises to lower tariffs, increase imports and open up more sectors of China's economy to foreign businesses.
Friday, April 26th 2019 - 08:19 UTC
China tells the world that its major Belt and Road Initiative “is not an exclusive club”

Chinese President Xi Jinping sought on Friday to ease growing concerns about his ambitious Belt and Road Initiative, vowing to prevent debt risks and saying his global infrastructure project “is not an exclusive club”.
Thursday, April 25th 2019 - 09:29 UTC
Brazil: Investors fearful of reaction to pension reform next steps in congressional debate

Brazilian markets slumped on Wednesday, a day after a planned pension overhaul cleared a congressional hurdle following a lengthy debate that highlighted the government’s struggle to build support for its signature reform policy.
Thursday, April 25th 2019 - 08:09 UTC
Closer ties between China and the Development Bank of Latin America

The head of a top Latin American financial institution believes China's Belt and Road Initiative, or BRI, could help inject new dynamism into the world economy, as well as generate new ideas to foster more connectivity between Asia and Latin America. Luis Carranza Ugarte, executive president and CEO of CAF－Development Bank of Latin America－is attending the second Belt and Road Forum for International Cooperation in Beijing this week.
Wednesday, April 24th 2019 - 09:15 UTC
IMF also concerned with the increase in the poverty rate in Argentina

An official with the International Monetary Fund has declared that the increase in the poverty rate in Argentina could force the government to rethink its spending plans and “protect the poor.”
Tuesday, April 23rd 2019 - 09:18 UTC
Argentina managed a quarterly primary surplus during the first quarter

Argentina ran a primary fiscal deficit of 13.037 billion pesos (US$ 305.32 million) in March, the country’s Treasury minister Nicolás Dujovne said at a press conference on Monday, though posted a first-quarter surplus of 10.347 billion pesos.
Monday, April 22nd 2019 - 08:06 UTC
UK pub numbers dropped from 54.000 to 43.000 in seven years

Nearly 1,000 UK pubs shut last year, although the rate of closures is slowing, new research claims. About 76 pubs a month “vanished” from the communities they served in 2018, as people spent less on going out and pubs faced cost pressures, said property firm Altus Group.
Thursday, April 18th 2019 - 09:40 UTC
China's growth stabilizes 6.4% year-on-year in first quarter

The growth of the Gross Domestic Product (GDP) in China stabilized 6.4% year-on-year in the first quarter of 2019, despite falling global demand and the trade war with the United States. The figure was announced on Wednesday by the National Bureau of Statistics (BNS), along with other rather optimistic indicators on the health of the world's second largest economy.
Thursday, April 18th 2019 - 08:22 UTC
Minister says pension reform will pass within four months, helping the Brazilian economy to grow by 3.5%

Brazil's economic growth may accelerate to a 3.5% annual rate in the second half of the year after the approval of pension reforms, Economy Minister Paulo Guedes said in an interview with TV channel Globo news.