Economy

• Friday, October 30th 2020 - 18:12 UTC

  Argentina extends social welfare coverage to one million more children

  

  Argentine President Alberto Fernandez on Thursday signed a decree that extends social welfare coverage to one million more children and teenagers.

• Friday, October 30th 2020 - 18:09 UTC

  US economy grew 33,1% in Q3 on trillions of relief, but 23 million Americans still on unemployment benefit

  

  The U.S. economy grew at a historic pace in the third quarter as the government injected more than US$ 3 trillion worth of pandemic relief which fueled consumer spending, but the deep scars from the COVID-19 recession could take a year or more to heal.

• Friday, October 30th 2020 - 09:37 UTC

  Brazil keeps interest rate at record low, despite a spike in food and fuel inflation

  

  Brazil’s central bank kept its key interest rate at a record-low 2.00% on Wednesday, maintaining its “forward guidance” pledge to keep rates lower for longer and even the possibility of further easing, despite the recent rise in inflation and fiscal risks.

• Friday, October 30th 2020 - 08:34 UTC

  US rejects Nigerian candidate as next WTO director-general, further paralyzing the global trade watchdog

  

  The World Trade Organization's (WTO) bid to select a new leader was plunged into uncertainty this Wednesday after the United States rejected the Nigerian woman proposed as the global trade watchdog's next director-general.

• Thursday, October 29th 2020 - 09:10 UTC

  Brazilian government borrowing jumped to second highest record in September

  

  Brazilian government borrowing jumped to its second-highest on record in September, Treasury figures showed, meaning Brazil issued more debt in the first nine months of this year than the whole of last year.

• Thursday, October 29th 2020 - 08:28 UTC

  Petrobras cutting losses as Brazilian economy and fuel demand are increasing

  

  Brazil's state-run oil giant Petrobras announced on Wednesday it reduced its losses in the third quarter of the year, the company's third negative result in a row due to the global economic meltdown caused by the coronavirus pandemic.

• Wednesday, October 28th 2020 - 09:30 UTC

  Dollar strapped Argentina does not discard further financial support from IMF

  

  The Argentine representative before the International Monetary Fund, IMF, Sergio Chodos, admitted that it could be necessary for further financing from the IMF, with which Argentina is in the process of renegotiating conditions for the return of the US$ 44 billion loaned to the previous government of ex-president Mauricio Macri.

• Wednesday, October 28th 2020 - 09:19 UTC

  Bolsonaro “transformative” reforms' goal for Brazil, with a 3,5% average growth during a decade

  

  Brazil's government on Tuesday outlined a long-term roadmap for the economy, based on three scenarios of economic and fiscal reforms that could lift gross domestic product per capita by as much as 37% over the next decade.

• Saturday, October 24th 2020 - 09:25 UTC

  Argentina loves the dollar and has total aversion for its own currency

  

  Argentina’s battle to control its currency is upending South America’s second-largest economy, wreaking havoc on everything from household finances to the production and sale of common goods.

• Saturday, October 24th 2020 - 08:55 UTC

  Argentine bondholders claim government economic policies undermine investor confidence

  

  Argentine bondholder groups slammed the government over economic policies they said were undermining investor confidence in the country, which emerged from a sovereign default in September after a US$ 65 billion restructuring.