Economy

• Saturday, November 28th 2020 - 09:04 UTC

  British Overseas Territories and the Joint Ministerial Council

  

  This week Penguin News gave up its editorial space to allow for the publication of a last-minute Op-ed from Wendy Morton MP, Minister responsible for the Falkland Islands in the Foreign, Commonwealth and Development Office, on the Joint Ministerial Council 2020

• Saturday, November 28th 2020 - 08:52 UTC

  Producer inflation in Brazil rose 3,4% in October and 19,1% in twelve months

  

  Producer price inflation in Brazil jumped to its highest on record in October, figures showed on Thursday, led by another month of rising food prices, which will likely stir the debate further on the wider outlook for inflation and interest rates.

• Friday, November 27th 2020 - 08:05 UTC

  Maradona's contribution to monetary policy, according to Lord Mervyn King

  

  Even the Financial Times referred to the death of Diego Armando Maradona, one of the most gifted footballers to ever play the game. In effect, the FT recalls that while his dribbling prowess was world-renowned, fewer people know that his skills were used to construct one of the most memorable monetary policy analogies of all time.

• Thursday, November 26th 2020 - 09:30 UTC

  Fitch Ratings more optimistic about Latin America's “improving economic” environment

  

  Latin American corporate credit indicators point to an improving economic and operating environment for most countries across the region in 2021, according to a series of new reports from Fitch Ratings.

• Thursday, November 26th 2020 - 09:00 UTC

  Consumer confidence in Brazil fell in November: concern over Covid-19 and end of emergency transfers

  

  Consumer confidence in Brazil fell in November for the second month in a row, a survey showed on Wednesday, reflecting growing concern over the COVID-19 pandemic and its impact on the economy, and the looming end of emergency government income transfers.

• Thursday, November 26th 2020 - 08:40 UTC

  Brazil renews wheat import quota free of tariff, from outside Mercosur

  

  Brazil's Chamber of Foreign Trade (Camex) has renewed the import quota of 750,000 tons of wheat from outside Mercosur and exempt of the Common External Tariff (TEC) currently at 10%. Purchases can be made from Novr 18 this year to November 17, 2021.

• Wednesday, November 25th 2020 - 09:50 UTC

  Mercosur/EU trade deal: “time is pressing,” cautions Uruguay

  

  Uruguayan foreign minister Francisco Bustillo leaves this week for Spain the first of a round of European countries ahead of the coming Mercosur summit to be held next month, under the presidency of Uruguay. Finalizing the Mercosur/European Union trade agreement is the focus of the trip.

• Wednesday, November 25th 2020 - 09:06 UTC

  Brazil on track to end recession early 2021, as private activity speeds up

  

  Brazil’s economy probably rebounded at a record quarterly pace in July-September and was on track for a better start to 2021 than previously thought, as businesses and households recovered from the first surge in COVID-19 cases.

• Wednesday, November 25th 2020 - 09:04 UTC

  Markets reach new records in Wall Street on Covid-19 vaccines optimism

  

  The Dow Jones Industrial Average breached the 30,000-mark for the first time on Tuesday, as optimism that COVID-19 vaccines will open the way to economic recovery next year fueled Wall Street’s rebound from a pandemic-driven crash this year.

• Tuesday, November 24th 2020 - 09:26 UTC

  Peru placed a US$ 1 billion 100-year bond at a coupon rate of 3,23%

  

  Peru said on Monday an eager market had soaked up its offer of US$ 4 billion worth of debt, including a rare century bond, as the world´s No. 2 copper miner scrambles to raise funds to soften the economic fallout from the coronavirus crisis.