Economy

• Thursday, June 4th 2020 - 09:29 UTC

  Beijing will allow more foreign carries to fly to China, following a threat from Trump

  

  China said on Thursday it will allow more foreign carriers to fly into the mainland, shortly after Washington barred Chinese passenger carriers from flying to the United States citing Beijing's restrictions on American airlines.

• Thursday, June 4th 2020 - 07:47 UTC

  Qatar Airways pledge of support sends Latam Airlines stock soaring

  

  Latam Airlines registered a significant rise Tuesday and Wednesday on the Santiago Stock Exchange, rising 37.63% and 16%, which is attributed to the support that its partner Qatar Airways, who owns 10% of the Chilean airline, disclosed.

• Thursday, June 4th 2020 - 07:41 UTC

  Falklands to ease restrictions on businesses currently closed due to Covid-19

  

  The Falkland Islands Executive Council met on Wednesday and considered the matter of easing restrictions on those businesses currently being advised to stay closed due to Covid-19. Announcements on the issues will follow this week.

• Wednesday, June 3rd 2020 - 11:52 UTC

  Brazilian May exports reached US$ 18bn with a trade surplus of US$ 4,5bn

  

  Last month, Brazilian exports totaled US$17.94 billion and imports, US$13.392 billion, which generated a trade surplus of US$4.548 billion. On the export side, there was a 4.2% decline in the daily export average from US$936.02 million in May 2019, to US$896.98 million in May 2020. In relation to imports, there was a 1.6% decline in the daily average over the same comparison period, from US$680.37 million to US$669.58 million.

• Wednesday, June 3rd 2020 - 08:57 UTC

  US investigating digital services taxes by several countries, which “unfairly target our companies”

  

  The United States is investigating digital services taxes being adopted or considered by Britain, Italy, Brazil, and other countries, the US Trade Representative's office said on Tuesday, a move that could lead to new punitive tariffs and heighten trade tensions.

• Tuesday, June 2nd 2020 - 09:00 UTC

  Brazilian economy forecasted to contract 6,25% and rebound 3,5% in 2021

  

  Brazil's financial analysts downgraded their economic growth forecast for 2020 from -5.89% to -6.25%, marking the 16th downward adjustment in a row, the Central Bank of Brazil said on Monday.

• Tuesday, June 2nd 2020 - 08:57 UTC

  Helped by a weaker currency, record export of Brazilian soybean to China

  

  Brazil's May soybean exports jumped 45% on the year to reach 15.5 million tons, the second-highest monthly soy shipment ever, the latest foreign trade department data released on June first showed, with a hefty 74% of this volume bound for China.

• Tuesday, June 2nd 2020 - 08:51 UTC

  Boeing confirms elimination of 12,000 US jobs, and more in “coming months”

  

  Boeing confirmed it was eliminating more than 12,000 US jobs, including 6,770 involuntary layoffs, as the largest US planemaker restructures in the face of the coronavirus pandemic. Boeing also disclosed it plans “several thousand remaining layoffs” in the coming months but did not say where those would take place.

• Tuesday, June 2nd 2020 - 08:50 UTC

  Argentina extends debt negotiations deadline to 12 June: “adjustment margin remains thin”

  

  Argentina extended the deadline to negotiate with its creditors to June 12 and may sweeten its most recent restructuring offer, the country said on Monday, after a previous proposal was deemed insufficient by some investors.

• Tuesday, June 2nd 2020 - 08:03 UTC

  Mexican workers return to work at the automotive factories

  

  Tens of thousands of workers lined up before dawn to return to work at automotive factories along Mexico's northern border on Monday, the first day that industries joined the country's list of essential activities beginning to reopen.