Economy

• Friday, September 4th 2020 - 08:50 UTC

  Brazilian court annuls one of Lula da Silva's nine criminal cases for alleged corruption

  

  A Brazilian court annulled one of nine criminal cases opened for alleged corruption against former President Lula da Silva because there was “insufficient evidence” to continue the process.

• Thursday, September 3rd 2020 - 08:56 UTC

  Bolsonaro's popularity soars as he extends payments for low income Brazilians until 2021

  

  Brazil’s President Jair Bolsonaro extended until the end of the year payments for low-income Brazilians hit by the economic fallout from the COVID-19 pandemic, a program that has boosted his popularity but created tension with his finance team.

• Thursday, September 3rd 2020 - 08:51 UTC

  Truckers end seven day strike in Chile following deal with government

  

  Chilean truckers said on Wednesday they would lift a seven-day strike that has damaged supply chains and raised fears for food and commodities exports, following a deal with the government. Jose Villagran, vice president of the National Confederation of the Chilean Cargo Transport (CNTC), said the strike would end at 3 p.m. local time.

• Thursday, September 3rd 2020 - 08:49 UTC

  Brazil with record trade surplus in August, despite an overall fall in global transactions

  

  Brazil obtained a record trade surplus of US$ 6,6 billion during the month of August, the highest for the month since 1989. However overall dropped with exports sliding 5.5% to US$ 17,741bn and imports, 25,1%, to US$ 11,133bn. In eight months the trade surplus reached US$ 36,594bn, the third-best historically in the last forty years.

• Wednesday, September 2nd 2020 - 09:50 UTC

  Brazil/Argentina spat over non automatic import licenses delaying Mercosur bilateral trade

  

  Brazil expressed its disenchantment with the Argentine policy of delaying the approval of the so-called nonautomatic import licenses which has seen millions of dollars in sales held at the border. This situation has been increasing in recent months, in what is considered a breach of bilateral accords in the framework of Mercosur agreements, and the World Trade Organization, WTO, rules.

• Wednesday, September 2nd 2020 - 09:45 UTC

  Brazilian economy is back to 2009 size, following a 11,4% contraction in the second quarter

  

  Brazil’s economy shrank in the second quarter by the most on record as anti-coronavirus lockdown measures slammed activity in almost every sector, dragging Latin America’s largest economy back to the size it was in 2009.

• Wednesday, September 2nd 2020 - 09:44 UTC

  Colombia reopens and tries to reignite the economy after months of restrictions

  

  Airports, bus terminals, restaurants, and gyms reopened in most of Colombia on Tuesday as the nation attempts to reignite its economy following months of restrictions for the coronavirus pandemic. The step expanded previous moves that allowed shops, construction sites, shopping malls, and factories to resume operations in June in most of the country's cities.

• Wednesday, September 2nd 2020 - 09:12 UTC

  JPMorgan Chase & Co transfers private banking clients in Brazil to a local lender

  

  JPMorgan Chase & Co (JPM.N) has reached an agreement with Brazil’s Banco Bradesco SA (BBDC4.SA) to potentially transfer its private banking clients to the Brazilian lender, according to a document filed by Bradesco.

• Tuesday, September 1st 2020 - 08:56 UTC

  Brazilian finances deteriorating: seven months primary deficit 11,9% of GDP

  

  Brazil's finances continued to deteriorate in July as the COVID-19 crisis pushed the public sector debt and deficit as a share of the economy to new records, official figures showed on Monday, although not as bad as economists had feared.

• Tuesday, September 1st 2020 - 08:49 UTC

  Argentina's ruling coalition planning a one time “solidarity tax” on 12,000 wealthy contributors

  

  Argentina’s ruling coalition, Frente de Todos, is seeking to impose a one-time tax on wealthy citizens as part of a strategy to solidify the alliance’s populist credentials while boosting government revenue amid a deteriorating economic crisis.