Economy

• Thursday, September 23rd 2021 - 09:29 UTC

  Relief in world markets, China's mega Evergrande will pay some of its debts

  

  China's largest real estate group, Evergrande and on the brink of bankruptcy announced on Wednesday an agreement with a creditor to avoid the nonpayment of a bond that matured this Thursday. In a release to the Shenzhen stock exchange, its affiliate announced it had reached a plan to pay the bond's interests, (not capital) and of which markets feared the worst.

• Wednesday, September 22nd 2021 - 09:20 UTC

  OECD down plays impact of China's mega group Evergrande possible downfall

  

  “We believe the Chinese authorities have the fiscal and monetary capacity to ”shock absorb“ giant real estate promoter Evergrande”, said OECD chief economist Laurence Boone.

• Wednesday, September 22nd 2021 - 09:19 UTC

  Argentine social organizations stage protest to demand minimum wage rise

  

  Demonstrators from Argentine social organizations convened Tuesday at Buenos Aires' iconic Plaza de Mayo to demand a minimum wage increase, which in their view should be no less than AR $ 70,000 (US $ 378 at the unofficial exchange rate).

• Wednesday, September 22nd 2021 - 09:00 UTC

  UN Secretary General insists on more world solidarity

  

  United Nations Secretary-General António Guterres, Tuesday rang the alarm during his speech at the 76th General Assembly in New York City, saying the world “has never been so threatened or so divided” before.

• Wednesday, September 22nd 2021 - 08:36 UTC

  Compassion urges leaders to harness Food Summit momentum to tackle climate, health and nature emergencies

  

  Compassion in World Farming is urging world leaders to harness the momentum garnered at this week’s first-ever United Nations Food Systems Summit (UN FSS) to take clear and radical action towards transforming our broken global food system.

• Tuesday, September 21st 2021 - 09:37 UTC

  Argentine President appoints new ministers; measures coming up in coming days

  

  Argentine President Alberto Fernández Monday took the oath of office to the new members of his cabinet, with whom he intends to reconfigure his Government following a resounding loss at September 12's Mandatory, Open and Simultaneous (PASO) elections and its following political crisis.

• Tuesday, September 21st 2021 - 09:10 UTC

  Argentine farmers stage protests and activities in front of Congress

  

  Argentina's Union of Land Workers (UTT) Monday began a 48-hour protest in front of the National Congress building demanding lawmakers pass the Access to Land bill.

• Tuesday, September 21st 2021 - 08:55 UTC

  World markets sink on fears of a Chinese version of “Lehman Brothers 2008 bankruptcy”

  

  Asian stocks sank on Monday amid fears of a potential collapse of the beleaguered Chinese real estate company Evergrande could lead to a wave of defaults in China's bloated housing market that could extend from the second-largest economy to the rest of the world. The company must pay this week interests on loans and bonds and experts fear it will not be able to honour creditors.

• Tuesday, September 21st 2021 - 08:50 UTC

  Chinese giant Evergrande's debt spreads fears among world markets

  

  As the Chinese Evergrande Group falls into debt some regards as an encore of the Lehman Brothers crisis of 2008, markets around the globe have begun to brace for the worst despite little signs of encouragement in the opposing sense.

• Tuesday, September 21st 2021 - 08:46 UTC

  Argentina will pay IMF US$ 1,9bn plus interests on Wednesday, but no budget funds contemplated in 2022

  

  In the midst of the critical situation that emerged following the results of Sunday 12 September primary election, and the cabinet reshuffle a week later, the government of Argentine president Alberto Fernandez nevertheless confirmed that this week it will honor a US$ 1,9bn repayment plus interests to the IMF.