Argentina will struggle to repay IMF loan, must renegotiate

WNM | Aug 18, 2019 at 7:29 PM

The Argentine opposition candidate, Alberto Fernandez, said that the country would struggle under present conditions to repay a loan to the International Monetary Fund and he would seek to renegotiate the repayment terms.

UK faces food, fuel and drugs shortages in no-deal Brexit

WNM | Aug 18, 2019 at 1:08 AM

Britain will face shortages of fuel, food and medicine if it leaves the European Union without a transition deal, jamming ports and requiring a hard border in Ireland, official government documents leaked to the Sunday Times show.

GE shares fall on investigator calling its finances a fraud

WNM | Aug 16, 2019 at 1:08 AM

General Electric Co shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff’s Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE’s new CEO.

FTSE 100 plunges to 6-month low on China’s trade threat

WNM | Aug 15, 2019 at 7:16 PM

London’s FTSE 100 tumbled to a six-month low as China’s warning to counter the latest U.S. tariffs fanned trade tensions, while the more domestically focused midcap index fared better in comparison, amid investors’ hopes of averting a no-deal Brexit.

U.K. parliament will block no-deal Brexit, Hammond says

WNM | Aug 14, 2019 at 12:15 PM

Parliament will block a no-deal Brexit if unelected people behind Prime Minister Boris Johnson try to wrench Britain out of the European Union on Oct. 31 without agreement, former finance minister Philip Hammond said on Wednesday.