Economy

Friday, September 11th 2020 - 08:33 UTC
Peruvian opposition want to sack the economy minister in the midst of the country's worst plunge

Peruvian opposition lawmakers filed a censure motion to oust the government’s economy minister, underscoring political tensions as the country rides out its deepest economic plunge in decades due to the coronavirus pandemic.
Friday, September 11th 2020 - 08:24 UTC
Trump's candidate will be the next president of the Inter-American Development bank

U.S. President Donald Trump’s pick to run Latin America’s main financing institution appears poised to win the top job in this weekend’s election amid faltering regional opposition to having a U.S. citizen run the bank for the first time in 61 years.
Thursday, September 10th 2020 - 08:30 UTC
Johnson prepared to breach orderly EU exit treaty: Northern Ireland and Scotland pledge to fight the bill

Britain on Wednesday readied to intentionally breach its EU divorce treaty with new legislation that critics warned would undermine its global standing and any hopes for an orderly exit out of the world's biggest single market.
Thursday, September 10th 2020 - 08:21 UTC
Brazil's supermarkets “committed” to lowering food prices announced Bolsonaro

Brazil’s supermarkets are “committed” to lowering the prices of basic foodstuffs, President Jair Bolsonaro said on Wednesday, hours after the Justice Ministry said it would ask supermarkets to explain recent price increases for some products.
Wednesday, September 9th 2020 - 09:50 UTC
S&P lifts Argentina's credit rating to CCC+ with a stable outlook after concluding private debt restructuring

Argentina's credit rating was lifted up from default 'SD' to 'CCC+' with a stable outlook after the country concluded restructuring its foreign currency debt, S&P Global Ratings said in a statement on Monday.
Tuesday, September 8th 2020 - 09:50 UTC
Chile post trade surplus in August but exports fell 10.8% and imports 22.4%

Chile posted a trade surplus of US$ 904 million in August, the central bank said on Monday, with a drop in levels versus a year earlier of both exports and imports for the month.
Tuesday, September 8th 2020 - 08:48 UTC
Johnson calls for “more realism”, ahead of a new round of EU/UK post Brexit trade talks

Britain demanded “more realism” from the European Union on Monday ahead of crucial post-Brexit trade talks, but the mood was soured by reports that London was looking to rewrite an agreement the two sides had already signed.
Monday, September 7th 2020 - 08:59 UTC
France to UK: Brexit negotiator Barnier is not stepping down or being sidelined

France denied the European Union's Brexit negotiator Michel Barnier was about to be sidelined by EU leaders in a bid to break the deadlock in trade talks, as reported by British newspaper the Daily Telegraph.
Monday, September 7th 2020 - 07:43 UTC
Johnson promoting the idea that if UK/EU talks don't advance, “both sides should accept it and move on”, says FT

The British government is planning legislation that will override key parts of the Brexit withdrawal agreement, risking the collapse of trade negotiations with Brussels, the Financial Times reported on Sunday.
Saturday, September 5th 2020 - 07:29 UTC
Francis blast the “shaky pillars” of an economic model built on money idolatry

Pope Francis said on Friday that the coronavirus pandemic had “toppled the shaky pillars” of a world economic model built on the idolatry of money and domination by the rich and powerful.