Economy

• Friday, November 6th 2020 - 08:55 UTC

  E-commerce firm Mercado Libre benefits from a surge of online shopping in Latam

  

  Mercado Libre Inc, Latin America's top e-commerce firm, reported better-than-expected third-quarter revenue and profit on Wednesday, helped by a surge in online shopping and digital payment transactions during the COVID-19 pandemic.

• Friday, November 6th 2020 - 08:53 UTC

  Brazil's spike in inflation is 'temporary', central bank president Campos Neto

  

  Brazil’s recent spike in inflation is temporary, central bank President Roberto Campos Neto said, adding, however, that policymakers are monitoring developments closely.

• Friday, November 6th 2020 - 08:51 UTC

  Brazilian Senate votes overwhelmingly in favor of Central bank autonomy

  

  Brazil’s Senate voted overwhelmingly to approve a bill that would establish the autonomy of the central bank to reduce political interference in monetary policy and align the country with other major economies.

• Thursday, November 5th 2020 - 09:10 UTC

  Brazil's trade surplus reaches US$ 47,6 billion in ten months

  

  The Brazilian Ministry of Economy released the result of the country's October trade balance, US$ 5.5 billion surplus, but lower than market expectations. The result was again leveraged by the significant retraction in imports, while market expectations were forecasting a US$ 6.1 billion surplus.

• Wednesday, November 4th 2020 - 09:59 UTC

  Biden urges Democrats to “keep the faith”, while Trump announces he will go the US Supreme Court

  

  U.S. President Donald Trump daringly claimed victory in the presidential election on Wednesday — despite no winner being declared and millions of votes waiting to be counted in several key battleground states — as Joe Biden urged Democrats to “keep the faith” and wait for the final results.

• Wednesday, November 4th 2020 - 09:47 UTC

  Brazilian manufacturing expands at a record pace in October

  

  Brazilian manufacturing expanded at a record pace in October, a survey of purchasing managers' activity showed on Tuesday, as a rise in employment and export orders to new highs helped extend the sector's strong post-coronavirus recovery.

• Tuesday, November 3rd 2020 - 08:50 UTC

  Chile's economy activity drops 5,3% in September year on year, but grows 5,1% from August

  

  Chile’s economic activity sank 5.3% in September year-on-year but grew 5.1% from the previous month, the central bank said on Monday, as the world’s no. 1 copper producer emerged from the worst period of the coronavirus pandemic.

• Saturday, October 31st 2020 - 18:14 UTC

  Madame Tussauds in Berlin removes the effigy of president Trump

  

  The waxwork museum Madame Tussauds in Berlin loaded its effigy of TV star-turned Republican president Donald Trump into a dumpster on Friday, a move apparently intended to reflect its expectations of next Tuesday's presidential election.

• Saturday, October 31st 2020 - 16:07 UTC

  Colombia's central bank pauses interest rate cuts as it gauges recovery strength

  

  Colombia became the latest emerging market to end a series of interest rate cuts, joining peers from Brazil to South Africa as it recovers from the pandemic. After the decision, the central bank said that Governor Juan Jose Echavarria will retire early next year.

• Saturday, October 31st 2020 - 08:14 UTC

  Chile's Codelco, world's largest copper producer reports profits are back

  

  Chile's State-owned miner Codelco, the world's largest copper producer, on Friday reported a 86% increase in its profit for the first nine months of the year on Friday, to US$1,124 billion, amid an increase in production.