Economy

• Tuesday, June 23rd 2026 - 05:43 UTC

  Alan Greenspan, Fed chairman who served with four presidents and faced several recessions has died at 100

  

  One of the most influential economic policymakers in the last four decades and chairman of the Federal Reserve for almost twenty years, under four different United States presidents from different parties, Alan Greenspan died this week at the age of 100.

• Saturday, June 20th 2026 - 20:56 UTC

  Tenth anniversary of Brexit, UK GDP per head cost of 8% in 2025, LSE professor estimates

  

  Ten years ago, June 2016, the UK voted to leave the EU and since then, an extensive body of research has studied the impact of Brexit on the UK economy.

• Saturday, June 20th 2026 - 06:28 UTC

  Bank of England keeps rate at 3.75%; inflation 2.8% but energy prices remain volatile

  

  The Bank of England’s Monetary Policy Committee (MPC) voted by a majority of 7–2 to maintain Bank Rate at 3.75%. Two members voted to increase Bank Rate by 0.25 percentage points, to 4% during the MPC meeting on June 18.

• Thursday, June 18th 2026 - 17:53 UTC

  Brazil softens Selic rate but concerns grow about fiscal stimulus on election year and impact of El Niño

  

  Brazil’s central bank interest rate-setting committee, Copom, ‌unanimously voted on Wednesday to lower its benchmark Selic rate by 25 basis points to 14.25%, a level last seen in May 2025, ‌but acknowledging a tougher inflation outlook given the risks from election-year fiscal stimulus and the impact of a likely El Nino weather pattern shock.

• Thursday, June 18th 2026 - 14:54 UTC

  Fed keeps rates unchanged; new chairman Warsh anticipates FOMC summaries will be shorter…and to facts

  

  The Federal Open Market Committee from the US Federal Reserve voted unanimously to keep its benchmark overnight borrowing rate anchored in a range of 3.5%-3.75%. It was the first meeting of the Fed with the newly appointed chairman, Kevin Warsh.

• Wednesday, June 17th 2026 - 19:21 UTC

  US-Iran memorandum sets Hormuz reopening, $300 billion reconstruction and sanctions relief

  

  The United States government on Wednesday released the official text of the agreement reached with Iran to end the war, a 14-point document called the “Islamabad Memorandum of Understanding” that provides for the reopening of the Strait of Hormuz, a reconstruction plan of at least $300 billion and the lifting of sanctions. The text, read by a senior official of Donald Trump's administration, will be signed on Friday in Switzerland and will open a 60-day period to negotiate the definitive agreement.

• Wednesday, June 17th 2026 - 08:27 UTC

  Uruguay enjoys 'positive discrimination' but must lift investment and productivity, BBVA says

  

  Uruguay enjoys a “positive discrimination” relative to other economies for its institutional solidity, respect for agreements and political maturity, but its economic growth has been low over the past decade and its potential GDP —now at 2.1%— is declining. That was the assessment of economists from BBVA Research, one of Europe's largest banks, at the “Situación Uruguay” webinar, where they said the country's main challenge is to boost investment and raise productivity.

• Monday, June 15th 2026 - 21:50 UTC

  Brazilian stocks slip as the US-Iran deal sinks oil prices and hits Petrobras

  

  São Paulo's stock exchange closed on Monday down 0.42%, dragged by the plunge of the state oil company Petrobras after the international crude price fell, linked to the preliminary agreement between the United States and Iran. The Ibovespa, the benchmark index of Latin America's main exchange, ended the session at 170,415 points.

• Monday, June 15th 2026 - 21:35 UTC

  Chile's Kast government reaffirms Valparaíso's bid to host the High Seas Treaty secretariat

  

  Chile's government on Monday reaffirmed its commitment to Valparaíso's candidacy to host the Executive Secretariat of the High Seas Treaty, a key instrument of ocean governance, and held that the port city has “relevant strengths” to secure it. The Foreign Ministry said the bid responds to the importance that Chilean foreign policy places on protecting the ocean and to the country's “maritime vocation.”

• Saturday, June 13th 2026 - 19:09 UTC

  Elon Musk becomes the world's first trillionaire after SpaceX's record stock debut

  

  Technology magnate Elon Musk became the world's first trillionaire on Friday, after his aerospace company SpaceX made its stock-market debut. Following the IPO, which raised a record roughly $75 billion and valued the company at about $1.77 trillion, the net worth of the owner of Tesla, the social network X and Neuralink stood at around $1.1 trillion.