Economy

• Saturday, July 4th 2020 - 08:02 UTC

  Creditor group tables new offer to Argentina's debt negotiations

  

  One of Argentina's main creditor groups, the Argentina Creditor Committee, confirmed on Friday that it had tabled a new offer to the country's government as part of ongoing debt renegotiations.

• Saturday, July 4th 2020 - 07:32 UTC

  Brazil's Embraer union files lawsuit against the company's board over the collapsed deal with Boeing

  

  A union representing workers at planemaker Embraer filed a lawsuit on Friday seeking to dismiss the company's board, after a US$4.2 billion deal with Boeing Co collapsed amid the pandemic, leaving the Brazilian jet-maker scrambling for a new path forward.

• Friday, July 3rd 2020 - 08:50 UTC

  Brazil admits a budget deficit of 11,5% of GDP; ten years before public debt falls to 2019 level

  

  Brazil’s government on Thursday revised its 2020 fiscal outlook, forecasting significantly higher debt and wider deficits due to the COVID-19 crisis, and said it will be over a decade before public debt falls back to last year’s level.

• Friday, July 3rd 2020 - 08:14 UTC

  Mexican president support slips on growing discontent with the economy and security management

  

  Support for Mexican President Andres Manuel Lopez Obrador slipped to a new low in June as discontent mounted over his management of the economy and security, two years after he won office, an opinion poll showed on Wednesday.

• Friday, July 3rd 2020 - 08:11 UTC

  Encouraging industrial production pick up in Brazil during May

  

  Industrial production in Brazil rose 7% in May, official figures showed on Thursday, the second-biggest monthly increase ever as activity started to pick up following two months of stricter lockdowns to curb the spread of the novel coronavirus.

• Friday, July 3rd 2020 - 07:33 UTC

  Offshore assets from 84 million bank accounts reach 10 trillion Euros, OECD

  

  Authorities in nearly 100 countries saw 10 trillion Euros (US$ 11.2 trillion) in offshore assets come to light last year due to the automatic exchange of details for 84 million bank accounts, the OECD revealed this week.

• Friday, July 3rd 2020 - 07:28 UTC

  Stocks across the world rise for a fourth straight day on Thursday based on US jobs data

  

  A measure of stocks across the globe rose for a fourth straight day on Thursday after June U.S. payrolls grew by a record 4.8 million, but investors also flocked to the safe-haven dollar and U.S. Treasuries on concerns about surging COVID-19 cases in many U.S. states.

• Thursday, July 2nd 2020 - 11:50 UTC

  Inequality and coronavirus pushing much of Chile's middle class back to poverty

  

  Middle classes in Chile are going through a complicated moment, with many slipping into poverty as long-established inequality was increased by the coronavirus pandemic and overall slowdown of the economy.

• Thursday, July 2nd 2020 - 11:31 UTC

  “Monumental” plunge of economic activity in Chile during May, 15,3%

  

  Chile's economic activity fell by 15.3% in May from the same month a year ago, the central bank said on Wednesday, hitting yet another historic low as measures to contain the spread of the coronavirus left many out of work and businesses shuttered.

• Wednesday, July 1st 2020 - 10:14 UTC

  Covid-19 collapse in working hours; ILO says situation of the Americas is particularly dire

  

  The coronavirus crisis has taken a much heavier toll on jobs than previously feared, the UN said Tuesday, warning that the situation in the Americas was particularly dire. In a fresh study, the International Labour Organization (ILO) estimated that by the mid-year point, global working hours were down 14% compared to last December - equivalent to some 400 million full-time jobs.