Stories for 2020

Thursday, August 13th 2020 - 07:15 UTC
Main cruise lines estimate monthly losses of one billion dollars

Carnival Corporation, Royal Caribbean Group and Norwegian Cruise Line Holdings are burning through over US$1 billion per month without revenue-generating cruises in service.
Thursday, August 13th 2020 - 07:09 UTC
Italy's cruise industry begins sailing in the Mediterranean on August 15

Italy's cruise industry is preparing to sail again in Mediterranean waters, hoping to help jumpstart the country's economy while restoring the reputation of the beleaguered global sector. MSC Cruises, a privately owned company based in Geneva, will resume operations with two departures from Italy this month, it said over the weekend.
Thursday, August 13th 2020 - 06:57 UTC
Brazil expects a record wheat crop, and considerable reduction of imports

Brazil's National Supply Company (Conab) said the current wheat crop (2019/20) has the potential to be a record. As a result, Brazilian cereal imports should fall. The agency believes that production should reach 6.8 million tons, 21.2% more than in the previous harvest.
Thursday, August 13th 2020 - 06:57 UTC
Chilean central bank allowed to buy treasury bonds, as “a tool of exceptional use”

Chile’s Congress has approved a law to allow the central bank to buy bonds issued by the country’s treasury in the secondary market, potentially giving the bank added firepower to help offset fallout from the COVID-19 crisis.
Thursday, August 13th 2020 - 06:52 UTC
Ecuador expects shrimp exports to China to resume soon after Covid-19 dispute

Ecuador expects a quick resolution to a trade dispute with China over traces of coronavirus in a container of exported shrimp that led Beijing to suspend imports from three companies, Ecuador’s production and trade minister said on Tuesday.
Thursday, August 13th 2020 - 06:44 UTC
Record debt in Brazil, but only 3% is in foreign currency and government trusts rock bottom rates global

Brazil is amassing a record debt that has evoked memories of crises past in South America's largest economy, but some economists say rock-bottom interest rates and low foreign debt mean the government can continue to spend its way out of recession.
Thursday, August 13th 2020 - 06:42 UTC
Sao Paulo governor tested positive for the coronavirus

The governor of Sao Paulo, the state with the highest COVID-19 death toll in hard-hit Brazil, said on Wednesday he had tested positive for the new coronavirus and would continue working from quarantine.
Thursday, August 13th 2020 - 06:24 UTC
Ambassador Kent praises UK/Argentine cooperation in combating Covid-19

This is a clear example of the kind of cooperation needed to battle the Covid-19 pandemic globally, UK Ambassador Mark Kent said following the Wednesday announcement of the agreement for the production in Argentina of the vaccine currently being developed by the AstraZeneca lab and the University of Oxford.
Thursday, August 13th 2020 - 06:24 UTC
Britain lowers pandemic death toll with a new counting method

Britain's official death toll from the COVID-19 pandemic was lowered by over 5,000 on Wednesday as the government adopted a new way of counting fatalities after concerns were raised that the old method overstated them.
Wednesday, August 12th 2020 - 09:59 UTC
Investors are now focused on the IMF and Argentina’s fiscal policy, “which has been hard to come by”

After reaching a US$ 65 billion restructuring agreement in principle with its creditors earlier this month, Argentina must now turn to relief from the International Monetary Fund to free up cash in the near term, the Institute of International Finance, IIF said on Tuesday.