Economy

Thursday, February 11th 2021 - 08:47 UTC
Brazilian Central Bank says inflation outlook rose for the fifth week running

Brazil's central bank weekly FOCUS survey of some 100 economists and financial institutions indicated that the outlook for inflation in the country rose for the fifth consecutive week, and is getting closer to the bank's target for the year.
Wednesday, February 10th 2021 - 10:17 UTC
Bolsonaro moves closer to “old politics” and has Collor de Mello as presidential advisor

TELAM - Brazilian President Jair Bolsonaro made former president Fernando Collor de Mello (1990-1992), who resigned from office in the midst of an impeachment trial for corruption, his advisor and political negotiator. Also, Bolsonaro admitted his estrangement with Vice President Hamilton Mourao.
Tuesday, February 9th 2021 - 09:43 UTC
Fernandez expects IMF to grant Argentina more flexible repayment terms

President Alberto Fernández believes the International Monetary Fund (IMF) should grant Argentina more “flexible” terms on the repayment terms of the debt and warned that increasing inflation could lead his government to again hike export taxes, the president said in an interview on Sunday with newspaper Página/12.
Tuesday, February 9th 2021 - 09:20 UTC
YPF closer to restructuring its debt, expecting to concentrate in boosting shale deposits in Patagonia

Argentina’s state-managed oil giant expects to avoid a costly default next month after it won support for a debt swap from a large creditor group. The so-called Ad Hoc Bondholder Group, which holds 45% of YPF’s 2021 notes, expressed support for the exchange after the company increased its cash sweetener over the weekend.
Tuesday, February 9th 2021 - 09:01 UTC
Bolsonaro preparing a new round of emergency cash transfer to millions of Brazilians

Brazil is preparing a fresh round of emergency cash transfers to millions of poor, President Jair Bolsonaro said on Monday. “I think there will be an extension,” Bolsonaro said in an interview with the TV program Brasil Urgente.
Tuesday, February 9th 2021 - 08:43 UTC
Argentine oilseed crushers say they reached a deal to hold down domestic edible oil prices

Despite confusing news from Argentina following president Alberto Fernandez's announcement that he is prepared to reimpose levies on grains and oilseeds exports if food prices keep increasing, oilseed crushers said they had reached a deal with the government to hold down domestic edible oil prices.
Tuesday, February 9th 2021 - 08:37 UTC
Biden administration aims to closer economic and trade ties with Brazil

The president Joe Biden administration aims to keep strengthening US economic ties and trade with Brazil, White House press secretary Jen Psaki said on Monday during the daily meeting with the media.
Monday, February 8th 2021 - 10:30 UTC
France want “environmental and health standards” guarantees from Mercosur to sign the trade accord

Mercosur/European Union trade agreement signing delayed because of a demand from France for guarantees referred to as “environmental and health standards” from country members of the South American block.
Monday, February 8th 2021 - 10:14 UTC
Brazil's OECD membership blocked by Bolsonaro's environmental policies

OECD’s environmental policy committee canceled a planned discussion this week about upgrading Brazil’s status in the group, the Folha de Sao Paulo newspaper reported, citing a document.
Monday, February 8th 2021 - 08:49 UTC
US workers families earning US$ 60,000 per year should receive stimulus checks, Treasury Secretary Yellen

US workers earning US$ 60,000 per year should receive stimulus checks, said Treasury Secretary Janet Yellen said on Sunday. “The exact details of how it should be targeted are to be determined, but struggling middle class families need help,” Yellen said on CNN’s “State of the Union.”