Stories for May 2020

Wednesday, May 27th 2020 - 08:20 UTC
Good and bad signals for Argentina: bonds rise strongly, but two rating agencies slap “default”

Argentine bonds rose strongly on Tuesday on optimism that a restructuring deal being brokered with creditors could be in reach, even as rating agencies slapped the country with downgrades after it defaulted for the ninth time last week.
Wednesday, May 27th 2020 - 08:19 UTC
LATAM Airlines files for bankruptcy in US; Brazil and Argentina subsidiaries out of the request

LATAM Airlines Group, the continent's largest carrier, filed for U.S. bankruptcy protection, Chapter 11, on Tuesday, becoming the world's largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic. The filing includes Latam Peru, Chile, Ecuador, and Colombia, but leaves out Latam Brazil, Argentina and Paraguay.
Wednesday, May 27th 2020 - 08:17 UTC
Brazil Federal police raid residences of Rio governor on alleged corruption probe

Brazilian federal police on Tuesday raided the residences of Rio de Janeiro Governor Wilson Witzel as part of a COVID-19 corruption probe, targeting one of President Jair Bolsonaro's political foes as the pandemic sweeps the nation.
Wednesday, May 27th 2020 - 08:17 UTC
Desperate Ecuadoreans look for their loved ones in shipping containers filled with decomposing corpses

Guayaquil, Ecuador’s largest coastal city has been ravaged by coronavirus with bodies buried in mass graves or kept in newly-filled shipping containers to help relatives identify their loved ones among the decomposing corpses.
Wednesday, May 27th 2020 - 08:16 UTC
PAHO growing concerns with the accelerating pandemic in Brazil, Peru and Chile

International health authorities expressed concern on Tuesday over signs the spread of the new coronavirus is still accelerating in Brazil, Peru, and Chile. The Pan American Health Organization, which serves as the regional office for the World Health Organization, has been monitoring the pandemic in Latin America and the Caribbean.
Wednesday, May 27th 2020 - 08:15 UTC
Coronavirus reaches the oil rigs off the coast of Brazil

Norway's Equinor ASA and Anglo-French firm Perenco are among at least five oil producers that have registered coronavirus cases among employees or contractors at facilities off the coast of Brazil, according to industry and regulatory sources.
Wednesday, May 27th 2020 - 08:15 UTC
Britain's deaths 'involving' Covid-19 rose to 46,000, not 37,000

Britain's number of deaths “involving” COVID-19 has risen to 46,000, substantially higher than the 36,914 fatalities officially reported so far, according to a statistical update released on Tuesday.
Wednesday, May 27th 2020 - 08:14 UTC
New York Stock Exchange reopened its floor after a two month closure

The New York Stock Exchange, the symbolic heart of Wall Street, reopened its floor on Tuesday after a two-month closure due to the coronavirus, with traders donning masks and separated by plexiglass.
Wednesday, May 27th 2020 - 08:08 UTC
Mexican auto industry picks up with approved safety measures

Mexico's auto industry reopening picked up the pace on Tuesday, with Fiat, Chrysler, and BMW AG joining peers in gradually dusting off operations even as the wait for approvals slowed the return of Ford Motor Co and other companies.
Wednesday, May 27th 2020 - 07:50 UTC
WHO promises a “swift review” data on hydroxychloroquine

The World Health Organization (WHO) on Tuesday promised a swift review of data on hydroxychloroquine, probably by mid-June, after safety concerns prompted the group to suspend the malaria drug's use in a trial on COVID-19 patients.