Tag: economy

• Thursday, November 8th 2018 - 08:33 UTC

  Blair calls for a second Brexit referendum: the great nations of Europe must stick together

  

  Leaving the European Union without a deal would be “absurd” and the whole process of Brexit can still be stopped, Tony Blair has claimed. The former prime minister said the British people should be given the chance to vote again on whether to remain in the EU because otherwise they faced either a “pointless” or a “painful” version of Brexit.

• Wednesday, November 7th 2018 - 08:55 UTC

  Brazilian inflation to peak in second quarter for 2019, forecasts Central bank

  

  The Brazilian central bank on Tuesday forecast that inflation is likely to peak in the second quarter of 2019 before easing towards its target, adding that underlying inflation was at “appropriate” levels.

• Thursday, November 1st 2018 - 08:50 UTC

  Brazil leaves interest rates unchanged at an all time low: reduced risks of inflation

  

  Brazil’s central bank on Wednesday held interest rates at an all-time low less than a week after the victory of far-right lawmaker Jair Bolsonaro in presidential elections allayed fears of a currency sell-off.

• Tuesday, October 23rd 2018 - 09:04 UTC

  Khashoggi murder: Top US official meets Saudi Crown Prince in Riyadh

  

  A senior US official has held talks with Saudi Arabia's crown prince in Riyadh, despite growing concern over the Saudis' role in the murder of journalist Jamal Khashoggi. US Treasury Secretary Steven Mnuchin met Mohammed bin Salman on Monday.

• Thursday, October 18th 2018 - 08:24 UTC

  Despite grumblings, US refrains from labeling China a “currency manipulator”

  

  United States has refrained from labeling China a “currency manipulator” in a move which may help defuse escalating tension over trade between the two countries. President Trump has previously accused China of keeping its currency weak to make its exports more competitive.

• Tuesday, October 16th 2018 - 08:38 UTC

  Paulo Guedes the ultra-liberal economic advisor of an ultra-populist nationalist

  

  After getting out of its most severe recession in history in 2017, Brazil remains in a state of economic malaise, notching up a mere 1% of growth last year, with public debt forecast to snowball from 77% of GDP to 140% by 2030, according to the World Bank.

• Tuesday, October 9th 2018 - 08:20 UTC

  China injects more liquidity to lower financing costs and prop the economy

  

  China's central bank announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth amid concerns over the economic drag from an escalating trade dispute with the United States.

• Monday, October 8th 2018 - 12:56 UTC

  Astori surprised by Fitch ratings, confident Uruguay will bounce back

  

  Uruguay's Economy Minister Danilo Astori Sunday said he was surprised at last week's decision by the Fitch agency to maintain Uruguay's investment grade as it lowered the outlook down to BBB- and pointed out that this report “contrasts openly with those of other risk rating agencies and with the market itself.”

• Saturday, October 6th 2018 - 09:05 UTC

  US economy booming: unemployment at its lowest in 50 years, even when September was soft

  

  Jobs created in the United States during September fell to its lowest level in a year though the unemployment rate dropped to a point not seen in nearly 50 years, according to the Labor Department figures released Friday.

• Friday, October 5th 2018 - 09:03 UTC

  Industrial activity in Argentina down 5.6% in August and 0.8% in last 12 months

  

  August data for industry was only a slightly better figure than the previous month – in July, a decline of minus 5.7% was witnessed. In June, the sharpest, most pronounced fall of the year was witnessed: 8.1%, year-on-year.