Economy

• Monday, June 28th 2021 - 09:07 UTC

  UK suspends one of the world's largest cryptocurrency platforms

  

  The United Kingdom's Financial Conduct Authority (FCA) has issued a note dated June 25 announcing the suspension of Binance Markets Ltd and warned customers the platform was falling under tighter scrutiny worldwide.

• Friday, June 25th 2021 - 17:45 UTC

  Argentine shares on Wall Street plummet following MSCI downgrading

  

  Friday dawned in Wall Street with the news that MSCI had decided to demote Argentina's economy two notches, from Emerging to Stand Alone and what Buenos Aires analysts feared by Thursday evening has become true.

• Friday, June 25th 2021 - 16:09 UTC

  Argentina downgraded to “independent market” in MSCI ratings

  

  MSCI, formerly Morgan Stanley Capital International, a US company that measures stock performances worldwide to advise potential investors on their decisions, has removed Argentina from their various listings and added it to the dishonourable category of “stand-alone” economies.

• Thursday, June 24th 2021 - 09:22 UTC

  Uruguay's blooming economy shows covid-induced setback

  

  Uruguay's Gross Domestic Product (GDP) fell 2.8% in the first quarter of 2021 compared to the same period of 2020, according to a Central Bank (BCU) report released Wednesday.

• Thursday, June 24th 2021 - 03:04 UTC

  Dollar skids as Fed officials testify that stimulus tightening is “still quite a way off”

  

  With U.S. Federal Reserve officials including Chair Jerome Powell reaffirming that tighter monetary policy was still some way off, the US dollar slipped against major peers on Wednesday.

• Wednesday, June 23rd 2021 - 09:46 UTC

  Argentina skips default thanks to agreement with Paris Club

  

  Argentina's Economy Minister Martín Guzmán Tuesday announced that the Paris Club had agreed to give his country until March 31, 2022, to pay the US $ 430 million in instalments while the rest of the debt is renegotiated.

• Wednesday, June 23rd 2021 - 09:17 UTC

  Mercurial Bitcoin comes back from below US $ 30,000 but future remains uncertain

  

  Cryptocurrency investors could breathe again Tuesday after Bitcoin first fell below US $ 30,000 for the first time in five months, but eventually managed to rebound up to over US $ 32,000.

• Wednesday, June 23rd 2021 - 08:59 UTC

  Brazilian Government announces increased funding for agribusiness

  

  The Government of Brazilian President Jair Bolsonaro Tuesday launched what was called “The Harvest Plan 2021/2022” for which funding worth R$ 251.2 billion (US $ 50.6 billion) for national agribusiness was allocated.

• Wednesday, June 23rd 2021 - 06:42 UTC

  Argentina expects a 19 million tons 2021/22 wheat harvest, with 12 million tons for export

  

  Argentine wheat exports should reach 12 million tons in the 2021/22 winter harvest, according to a new estimate released by the Buenos Aires Cereals Exchange. If confirmed, the volume, the highest since 2016/17, will be 26.3% above this season's production.

• Tuesday, June 22nd 2021 - 09:33 UTC

  OECD's May report foresees 5.8% growth for 2021

  

  The world's economy is forecast to grow 5.8% in 2021, according to the Organization for Economic Cooperation and Development (OECD), “Economic prospects: an unusual recovery. Navigating towards the transition,” it has been announced.