Economy

• Wednesday, November 18th 2020 - 08:51 UTC

  Colombia in recession for the first time since 1999

  

  Colombia entered in recession for the first time since 1999 due to the paralysis caused by the Covid-19 pandemic, after registering for the second consecutive quarter a contraction in Gross Domestic Product (GDP).

• Wednesday, November 18th 2020 - 08:48 UTC

  Brazil surging out of recession strongly, according to Q3 activity data

  

  Brazil is emerging from a recession caused by the coronavirus, Economy Minister Paulo Guedes said hours after the publication of a closely-watched indicator showing activity surged in the third quarter.

• Tuesday, November 17th 2020 - 09:50 UTC

  Dow Jones in record highs on news of another promising Covid-19 vaccine

  

  The S&P 500 and Dow Jones industrial average notched record closing highs on Monday as news of another promising coronavirus vaccine fanned hopes of eradicating Covid-19, while spiking infections and new shutdowns threatened to hobble a recovery from the pandemic recession.

• Tuesday, November 17th 2020 - 09:34 UTC

  Brazil is emerging as the world's leading offshore oil producer

  

  By Matthew Smith for Oilprice.com – Sharply weaker oil prices, the COVID-19 pandemic, and heightened geopolitical uncertainty have done little to blunt Brazil’s epic offshore oil boom. By September 2020 Brazil had soared to be the third-largest supplier of crude oil to China, the world’s second-largest economy.

• Tuesday, November 17th 2020 - 09:31 UTC

  Falklands meat industry will not contract overseas workers this summer

  

  As a result of the significant operational and financial risks presented by the global pandemic, the Falkland Islands Meat Company, FIMCo, in consultation with the autonomous government of the Islands, FIG, and elected lawmakers, MLAs, has made the decision not to employ any overseas meat workers this summer.

• Tuesday, November 17th 2020 - 09:25 UTC

  Argentina meat industry plans investments to increase exports 33% in three years

  

  Argentine meat processing plants will invest US$ 187 million in a bid to increase exports from the country by 33% over three years to 1.2 million tons per year, the head of a local trade group said on Monday during a conference with government officials.

• Monday, November 16th 2020 - 09:20 UTC

  Argentine economic team in preventive isolation after contacts with IMF mission member tested positive

  

  Economy Minister Martin Guzman and other Argentine officials were placed in preventive isolation on Sunday after a member of a visiting IMF mission tested positive for COVID-19, the government said.

• Monday, November 16th 2020 - 07:00 UTC

  Asia-Pacific 15 nations sign the world's largest free trade pact: 2,2bn people and a US$ 26,2 trillion GDP

  

  Asia Pacific nations including China, Japan and South Korea on Sunday signed the world’s largest regional free trade agreement, encompassing nearly a third of the world’s population and gross domestic product.

• Saturday, November 14th 2020 - 08:20 UTC

  During September for the fifth month running economic activity is picking up in Brazil

  

  Economic activity in Brazil rose in September for the fifth month, a central bank survey showed on Friday, more than economists had expected, pointing to a solid recovery in the third quarter from the worst of the COVID-19 shock earlier in the year.

• Friday, November 13th 2020 - 14:00 UTC

  Chilean financial system at risk by the continuing pandemic, central bank warns

  

  The continuing coronavirus pandemic poses the most significant risk to Chile’s financial system as institutions’ capacity to take mitigating action diminishes, the country’s Central Bank warned in a report on Wednesday.