Economy

Monday, July 6th 2020 - 09:35 UTC
Argentina unveils its “final effort”, with sweeteners, to bondholders and an August 4 deadline

Argentina’s government unveiled an amended debt restructuring proposal on Sunday and set a deadline of Aug. 4 for creditors to accept it, adding some key sweeteners as it looks to defuse recent tensions with bondholders and strike a deal.
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Monday, July 6th 2020 - 09:30 UTC
Six out of ten children in Argentina live in poverty, UN data

The global pandemic has hammered Argentina's economy, which is now expected to shrink around 12% this year, driving millions into poverty and leaving almost six out of every 10 children and adolescents below the poverty line, United Nations data show.
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Saturday, July 4th 2020 - 08:25 UTC
Argentine economy expected to contract 12% this year, according to central bank poll

Argentina's economy is expected to contract by 12% in 2020, a monthly central bank poll of analysts showed on Friday, worse than the previous estimate of a 9.4% decline, as output is ravaged by measures to tame the coronavirus outbreak.
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Saturday, July 4th 2020 - 08:15 UTC
Trudeau not sure he will attend trade treaty celebration in Washington with Trump and Lopez Obrador

Canadian Prime Minister Justin Trudeau said on Friday he was still unsure whether he would go to Washington DC next week to celebrate a new North American trade treaty, citing concern about possible US tariffs on aluminum.
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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.
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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.
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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.
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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.
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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.
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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.
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