Economy

• Friday, February 12th 2021 - 09:32 UTC

  Argentina's Patagonia bank teams with Swiss UBS and Banco do Brasil to have a global platform

  

  UBS BB Investment Bank, a joint venture between UBS Group AG and Banco do Brasil SA for South America, reached a collaboration agreement with Argentina’s Banco Patagonia SA.

• Friday, February 12th 2021 - 09:18 UTC

  Brazil congress passes bill granting the central bank greater autonomy

  

  Brazil's lower house of Congress on Wednesday approved the text of a bill granting the central bank autonomy, which will set fixed four-year terms for the bank's president and directors, and tighter rules on their exit from office.

• Thursday, February 11th 2021 - 09:45 UTC

  Argentina's goal of an IMF agreement by May, “is an ambitious timeline”

  

  Argentina is planning to reach an agreement with the International Monetary Fund (IMF) on a new restructuring program by May, an ambitious timeline according to the IMF’s Western Hemisphere Director Alejandro Werner.

• Thursday, February 11th 2021 - 09:06 UTC

  Covid-19 lockdowns hit hard global fisheries and aquaculture affecting supply and demand in the sector

  

  Global fisheries and aquaculture have been hard hit by the COVID-19 pandemic and could face further disruption in 2021 as lockdowns affect supply and demand across the sector, according to a report by the Food and Agriculture Organization of the United Nations (FAO).

• Thursday, February 11th 2021 - 09:06 UTC

  Google's dominance of digital advertising exposed in Australia

  

  Google's dominance of digital advertising technology in Australia needs to be addressed, the country's competition watchdog said, opening up another front in its battle with the US giant.

• Thursday, February 11th 2021 - 08:47 UTC

  Brazilian Central Bank says inflation outlook rose for the fifth week running

  

  Brazil's central bank weekly FOCUS survey of some 100 economists and financial institutions indicated that the outlook for inflation in the country rose for the fifth consecutive week, and is getting closer to the bank's target for the year.

• Wednesday, February 10th 2021 - 10:17 UTC

  Bolsonaro moves closer to “old politics” and has Collor de Mello as presidential advisor

  

  TELAM - Brazilian President Jair Bolsonaro made former president Fernando Collor de Mello (1990-1992), who resigned from office in the midst of an impeachment trial for corruption, his advisor and political negotiator. Also, Bolsonaro admitted his estrangement with Vice President Hamilton Mourao.

• Tuesday, February 9th 2021 - 09:43 UTC

  Fernandez expects IMF to grant Argentina more flexible repayment terms

  

  President Alberto Fernández believes the International Monetary Fund (IMF) should grant Argentina more “flexible” terms on the repayment terms of the debt and warned that increasing inflation could lead his government to again hike export taxes, the president said in an interview on Sunday with newspaper Página/12.

• Tuesday, February 9th 2021 - 09:20 UTC

  YPF closer to restructuring its debt, expecting to concentrate in boosting shale deposits in Patagonia

  

  Argentina’s state-managed oil giant expects to avoid a costly default next month after it won support for a debt swap from a large creditor group. The so-called Ad Hoc Bondholder Group, which holds 45% of YPF’s 2021 notes, expressed support for the exchange after the company increased its cash sweetener over the weekend.

• Tuesday, February 9th 2021 - 09:01 UTC

  Bolsonaro preparing a new round of emergency cash transfer to millions of Brazilians

  

  Brazil is preparing a fresh round of emergency cash transfers to millions of poor, President Jair Bolsonaro said on Monday. “I think there will be an extension,” Bolsonaro said in an interview with the TV program Brasil Urgente.