Economy

• Friday, January 15th 2021 - 09:30 UTC

  Biden plans a US$ 1,9 trillion economic rescue package to spur the economy and fight the pandemic

  

  United States president-elect Joe Biden laid out his plan for another US$ 1.9 trillion economic rescue package on Thursday, seeking to combat the economic and health crises stemming from the pandemic.

• Friday, January 15th 2021 - 09:30 UTC

  Delays in launching an inoculation program in Brazil, threatens the economic recovery

  

  The risks to an expected economy recovery in Brazil during 2021 are increasing as delays in rolling out a vaccine program against coronavirus continues to be delayed, according to Moody's rating agency.

• Thursday, January 14th 2021 - 09:36 UTC

  Anticipating a year of social instability, Chile plans to boost foreign reserves

  

  Chile’s peso tumbled on Wednesday, starting the year in a volatile fashion as many had forecast. The currency dropped 2.1% to 741.66 against the dollar, bringing its decline this year to 4%.

• Thursday, January 14th 2021 - 08:35 UTC

  Bolsonaro accuses Ford of closing its plants because “they want subsidies”

  

  Brazil’s President Jair Bolsonaro attributed Ford Motor Co.’s decision to close its three plants in Brazil to the end of multibillion-dollar subsidies from the government.

• Wednesday, January 13th 2021 - 09:14 UTC

  Brazilian interest rates in the next 24 months expected to rise steadily

  

  The outlook for Brazilian interest rates over the next two years rose to their highest in several months, a central bank survey of economists showed on Monday, even as exchange rate and inflation expectations held steady.

• Wednesday, January 13th 2021 - 09:11 UTC

  Brazilian 2020 inflation 4,5%, but food prices skyrocketed 14,1%

  

  Inflation in Brazil ended 2020 at 4,5% the stats agency IBGE revealed on Tuesday, above the central bank's target, with food prices rising, 14,1%, the most in two decades.

• Wednesday, January 13th 2021 - 09:10 UTC

  Strong rebound of Peruvian economy in the next five years

  

  The economy of Peru, the world’s second largest copper producer, is expected to grow an annual average of 5.1% between 2021 and 2026, the economy ministry said on Tuesday

• Wednesday, January 13th 2021 - 09:08 UTC

  Brexit fallout: Ireland expects to receive Euros 1,05bn from EU

  

  Ireland is set to receive 1.05 billion Euros (US$ 1.28 billion) this year from a European Union fund for countries worst affected by Britain's exit from the European Union, Irish Foreign Minister Simon Coveney said on Tuesday.

• Tuesday, January 12th 2021 - 08:56 UTC

  Ford after a century in Brazil, closes its three factories with a loss of 5,000 jobs

  

  Carmaker Ford said on Monday losses exacerbated by the coronavirus epidemic and fiscal uncertainties would see it close its three factories in Brazil, where it has operated for a century, terminating some 5,000 jobs.

• Monday, January 11th 2021 - 09:54 UTC

  Portugal wants quick ratification of EU/Mercosur deal, but there are many objections

  

  Portugal which last week took the rotating presidency of the European Union for six months as of January 1st, said that it will try to conclude the bloc’s free trade agreement with Mercosur, agreed in 2019 after two decades of negotiations that have not yet been finalized.