Economy

• Monday, January 11th 2021 - 08:34 UTC

  China/Brazil sea freight prices soar, almost five times higher than six months ago

  

  Sea freight on the China-Brazil route has soared and reached an unprecedented US$ 10,000 per TEU, according to importers and shipping companies operating in the port of Santos.

• Saturday, January 9th 2021 - 09:59 UTC

  Argentine economy forecasted to expand 5,5% this year, but inflation will remain close to 50%

  

  Argentina's economy is expected to grow 5,5% in 2021, after a contraction of about 12% last year due to the COVID-19 pandemic, with inflation seen ending the year at 49.8%, according to a survey of economists by the central bank released on Friday.

• Saturday, January 9th 2021 - 09:49 UTC

  Brazil industrial production rose for seventh consecutive months in November

  

  Brazil's industrial production rose for the seventh consecutive month in November, boosted by the output of motor vehicles and clothing. Production rose a seasonally adjusted 1.2% in November and increased 2.8% from the same month a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE, said on Friday.

• Friday, January 8th 2021 - 09:50 UTC

  Falkland Islands admits disappointment and frustration with Brexit deal

  

  Falkland Islands European Union exports are now subject to tariffs due to the UK not obtaining an agreement on behalf of the Falklands in relation to Brexit. On Wednesday, Legislative Assembly members released an opinion piece that expressed disappointment and frustration.

• Thursday, January 7th 2021 - 09:55 UTC

  Credit Suisse cuts relations with wealthy Venezuelan families

  

  Fearing of doing business with politically-exposed clients in a sanctions-hit country, Credit Suisse Group AG has cut relationships with a number of Venezuela’s wealthy.

• Thursday, January 7th 2021 - 09:09 UTC

  US business leaders want Vice-president Pence and the cabinet to remove Trump from office

  

  US business leaders denounced president Donald Trump for inciting supporters who mobbed the US Capitol, with the head of the National Association of Manufacturers saying Vice-President Mike Pence should “seriously consider” working with the Cabinet to remove the president from office.

• Thursday, January 7th 2021 - 08:58 UTC

  Argentina confirms lacks of dollars: limits the import of luxury goods

  

  The central bank of Argentina on Wednesday imposed a new rule limiting the import of foreign luxury goods as part of its effort to stanch the leakage of its own international currency reserves.

• Wednesday, January 6th 2021 - 09:51 UTC

  China's economy is expected 7,9% this year, forecasts the World Bank

  

  The global economy is expected to expand 4% in 2021, with China's economy expected to expand by 7.9% this year, World Bank said on Tuesday, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year.

• Wednesday, January 6th 2021 - 09:50 UTC

  Latin America needs a financing boost to restart the economy

  

  By Luis Carranza Ugarte – The president of CAF, the Development Bank of Latin America, says the post-pandemic era is the perfect opportunity for investment in the region’s infrastructure.

• Wednesday, January 6th 2021 - 09:31 UTC

  Argentina's country risk rises to 1,417 points; investors fear economic measures

  

  Argentina's country risk reached a maximum of 1,417 basis points on Tuesday, reflecting investors' fears about the behavior of the domestic economy and doubts about the international situation of the markets, traders told Reuters.