Economy

• Thursday, January 7th 2021 - 09:55 UTC

  Credit Suisse cuts relations with wealthy Venezuelan families

  

  Fearing of doing business with politically-exposed clients in a sanctions-hit country, Credit Suisse Group AG has cut relationships with a number of Venezuela’s wealthy.

• Thursday, January 7th 2021 - 09:09 UTC

  US business leaders want Vice-president Pence and the cabinet to remove Trump from office

  

  US business leaders denounced president Donald Trump for inciting supporters who mobbed the US Capitol, with the head of the National Association of Manufacturers saying Vice-President Mike Pence should “seriously consider” working with the Cabinet to remove the president from office.

• Thursday, January 7th 2021 - 08:58 UTC

  Argentina confirms lacks of dollars: limits the import of luxury goods

  

  The central bank of Argentina on Wednesday imposed a new rule limiting the import of foreign luxury goods as part of its effort to stanch the leakage of its own international currency reserves.

• Wednesday, January 6th 2021 - 09:51 UTC

  China's economy is expected 7,9% this year, forecasts the World Bank

  

  The global economy is expected to expand 4% in 2021, with China's economy expected to expand by 7.9% this year, World Bank said on Tuesday, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year.

• Wednesday, January 6th 2021 - 09:50 UTC

  Latin America needs a financing boost to restart the economy

  

  By Luis Carranza Ugarte – The president of CAF, the Development Bank of Latin America, says the post-pandemic era is the perfect opportunity for investment in the region’s infrastructure.

• Wednesday, January 6th 2021 - 09:31 UTC

  Argentina's country risk rises to 1,417 points; investors fear economic measures

  

  Argentina's country risk reached a maximum of 1,417 basis points on Tuesday, reflecting investors' fears about the behavior of the domestic economy and doubts about the international situation of the markets, traders told Reuters.

• Wednesday, January 6th 2021 - 09:24 UTC

  China increases Australian wool quota for 2021; NZ's remains unchanged

  

  China increased its import quota for Australian wool from 36,465 tons last year to 38,288 tons for 2021, according to a newly released official statement. The increase came at a time when China and Australia relations are going through a rough patch.

• Tuesday, January 5th 2021 - 09:44 UTC

  President Xi pledges a comprehensive strategic partnership with Argentina

  

  Chinese President Xi Jinping said that China stands ready to work with Argentina to promote high-quality Belt and Road cooperation and advance the building of a community with a shared future for mankind.

• Tuesday, January 5th 2021 - 09:42 UTC

  Chile's unemployment eases to 10,8% but still several points above 2019

  

  Chile's unemployment rate eased to 10.8% between September and November, the government said in the last day of 2020, but remained well above the same period the previous year as the coronavirus pandemic continued to weigh on the economy of the world's top copper producer.

• Tuesday, January 5th 2021 - 09:07 UTC

  Brazil posted a trade surplus of US$ 51 billion in 2020. Overall trade down 7,7%

  

  Brazil posted a US$ 51 billion trade surplus last year, official figures showed on Monday, a 6% increase from the year before as the COVID-19 pandemic hit imports harder than exports.