Economy

• Friday, October 2nd 2020 - 09:01 UTC

  Argentine central bank will promote Chinese Yuan for foreign trade negotiations

  

  Argentina's central bank said on Thursday that it would allow a managed float of the peso currency and abandon its current “uniform daily devaluation” strategy as it seeks to adapt its monetary policy amid sharpening economic turmoil.

• Friday, October 2nd 2020 - 09:00 UTC

  Wales demanding UK government replace the promised EU after Brexit funds

  

  “Negligible” progress has been made by the UK government to replace EU funds in Wales after Brexit, according to a committee of cross-party MPs. Former Welsh Secretary and senior Conservative MP Stephen Crabb said the situation was “simply unacceptable.”

• Thursday, October 1st 2020 - 09:30 UTC

  Some 18 million Argentines, 40,9% of the population live in poverty, with prospects of worse times ahead

  

  Nearly half of Argentina’s population was living in poverty in the second quarter, a sharp increase from last year, as the country’s longstanding economic crisis deepened due to the coronavirus pandemic, researchers estimated on Wednesday.

• Thursday, October 1st 2020 - 09:20 UTC

  Falklands mini budget less likely, despite a “slight deficit” instead of a planned surplus

  

  A Falkland Islands mini budget looks much less likely now, based on what Financial Secretary Tim Waggott told MLAs (lawmakers) at a meeting of the Standing Finance Committee.

• Thursday, October 1st 2020 - 09:01 UTC

  Bolsonaro government announces new minimum income program, to replace Lula's Bolsa Familia

  

  Brazil's government detailed how it would pay for a new minimum income program called Renda Cidada, with President Jair Bolsonaro and Economy Minister Paulo Guedes still pledging to honor the country's spending cap and fiscal rules.

• Wednesday, September 30th 2020 - 09:46 UTC

  Brazil post a primary budget deficit of US$ 17bn in August; 9% of GDP in eight months

  

  Brazil's government posted a primary budget deficit of 96.1 billion reais (US$ 17 billion) in August, the Treasury said on Monday, as the coronavirus crisis continued to necessitate huge emergency spending.

• Wednesday, September 30th 2020 - 09:40 UTC

  Bolsonaro hits back at accusations his government is breaking the spending cap with accounting gimmicks

  

  Brazil’s President Jair Bolsonaro hit back on Tuesday at accusations his government is using accounting gimmicks to fund a new minimum income program without breaking its spending cap, its most important fiscal rule.

• Wednesday, September 30th 2020 - 09:24 UTC

  Peru's credit risk, EMBIG, stands at 183 points, less than half the region's average

  

  Peru's EMBIG (Emerging Markets Bond Index Global) spread stood at 183 basis points, while the EMBIG Latin America spread increased 52 bps to 494 bps on September 16-23, the Central Reserve Bank (BCR) has reported.

• Wednesday, September 30th 2020 - 09:02 UTC

  US Treasury US$ 25bn in loans to support seven large airlines

  

  The U.S. Treasury said on Tuesday it had closed loans to seven large airlines hit hard by the coronavirus pandemic and urged Congress to save tens of thousands of airline jobs by extending billions in payroll assistance.

• Wednesday, September 30th 2020 - 08:36 UTC

  China factory activity steady recovery in September, but textiles remain with insufficient demand

  

  Factory activity in China improved slightly in September, according to official data published on Wednesday, showing a small rebound in the economy ahead of the week-long National Day public holiday.