Economy

Saturday, June 20th 2020 - 10:19 UTC
Argentina extends deadline for bondholders to accept debt deal to July 24

Argentina extended a deadline for bondholders to accept a debt restructuring proposal for the fifth time as creditors blamed the government for “walking away” from talks.
Saturday, June 20th 2020 - 09:08 UTC
Record demand for premium and luxury cars by the rich South Koreans

South Korea's swift handling of the COVID-19 crisis has provided a backdrop for a sharp increase in demand for premium and luxury cars, dealers and officials said, as wealthy people, insulated from many of the pandemic's worst effects, want to show off on the road.
Friday, June 19th 2020 - 10:35 UTC
Trump threatens with the option of “a complete decoupling from China”

President Donald Trump on Thursday renewed his threat to cut ties with China, a day after his top diplomats held talks with Beijing and his trade representative said he did not consider decoupling the U.S. and Chinese economies a viable option.
Friday, June 19th 2020 - 10:08 UTC
Toothfish season underway at South Georgia

The Government of South Georgia and South Sandwich Islands, GSGSSI, usually celebrates the toothfish fishery on the 4th September each year – Toothfish day. However, this season celebrations started early, when, on the 1st May the first vessels arrived at South Georgia for the start of the 2020 fishing season.
Friday, June 19th 2020 - 09:40 UTC
Germany calls on the EU to prepare for a no deal post Brexit with UK

The German government is urging other EU states to prepare for a no deal Brexit, according an internal document that casts doubt on Britain’s optimism over chances of an early agreement on its future ties with the bloc.
Friday, June 19th 2020 - 09:30 UTC
Bank of England: It's not that bad so the bond-buying program will be scaled down

The Bank of England slowed the pace of its huge bond-buying program on Thursday as it saw some signs that the British economy was recovering from the unprecedented slump caused by the coronavirus lockdown.
Thursday, June 18th 2020 - 21:10 UTC
US and EU clash over taxes on digital firms; accord or no accord France will apply a 3% levy by end of the year

France said a U.S. decision to quit global talks on how to tax big digital firms such as Google, Amazon, and Facebook was a “provocation” and the European Union said it could impose taxes even if no deal was reached by year-end.
Thursday, June 18th 2020 - 13:30 UTC
Chile heading for its worst economic contraction in 35 years, central bank

The Chilean central bank said on Wednesday that the economy of the world’s top copper producer would contract between 5.5% and 7.5% in 2020, taking it to the lowest levels since the Latin American debt crisis of the 1980s.
Thursday, June 18th 2020 - 12:36 UTC
Brazil retail sales plunge in April anticipating a major contraction of the economy

Brazilian retail sales plunged at a record pace in April as social isolation measures choked spending, official figures showed indicating the economy’s contraction in the second quarter could be even more severe than anticipated.
Thursday, June 18th 2020 - 12:32 UTC
Brazil slashes benchmark interest rate 75 basis points to a record low of 2,25%

Brazil’s central bank cut its benchmark interest rate by 75 basis points to a record low of 2.25% on Wednesday, as expected, and said there was some room left for further monetary stimulus to support an economy ravaged by the coronavirus pandemic.