Economy

Thursday, December 17th 2020 - 10:55 UTC
Uruguay closes borders from 21 December to 10 January to help contain its Covid-19 first wave

Uruguay announced it will regulate the constitutional right to assembly when a sanitary emergency, lockdown access to the country from 21 December to 10 January, limit the number of passengers in long range transport, and have government staff take their annual vacation and those remaining, unless essential personnel, will work from their homes.
Thursday, December 17th 2020 - 10:50 UTC
IMF working constructively with Argentina until the country “has clarity about its medium term objectives”

The managing director of International Monetary Fund (IMF), Kristalina Georgieva, highlighted that “they are working constructively with Argentina” and ratified the commitment so that the country ”has clarity about its medium-term objectives.”
Thursday, December 17th 2020 - 10:16 UTC
Fed urges more fiscal stimulus and confirmed monthly purchase of US$ 120 billion in bonds

The Federal Reserve concluded its final meeting of a tumultuous year on Wednesday, as policymakers weigh a mixed bag of economic signals in setting the central bank’s course for the new year and beyond.
Thursday, December 17th 2020 - 10:08 UTC
US and UK in talks to seal a mini-deal to reduce trade tariffs

The outgoing US administration is in talks with the UK to try to seal a mini-deal to reduce trade tariffs, Trump's trade chief has told the BBC. US Trade Representative Robert Lighthizer said he was hopeful for a deal that could see punitive tariffs on Scottish whisky lowered.
Thursday, December 17th 2020 - 10:00 UTC
IMF chief says 62% of lending has gone to 21 countries in Latin America

Sixty-two percent of the International Monetary Fund’s lending in response to the coronavirus pandemic has gone to 21 countries in hard-hit Latin America, IMF Managing Director Kristalina Georgieva said.
Thursday, December 17th 2020 - 09:59 UTC
Trump administration designated Switzerland and Vietnam as currency manipulators; China in monitoring list

U.S. Treasury Department designated Switzerland and Vietnam as currency manipulators for the first time, while keeping China on a watch list, in the Trump administration’s final foreign-exchange policy report.
Thursday, December 17th 2020 - 09:52 UTC
Argentina's GDP contracted 10,2% in the third quarter, Indec

Argentina’s gross domestic product contracted 10.2% in the third quarter of 2020 versus the same 2019 period, the government’s Indec statistics agency said on Wednesday, amid uncertainty about a possible retightening of COVID-19 lockdown measures.
Thursday, December 17th 2020 - 09:40 UTC
Argentine oil seed crushing workers strike continues; 130 ships waiting to load

Argentine oilseed workers are expected to continue the strike actions that are currently hitting activity at most of the country’s crushing capacity until at least next week after last-ditch salary talks with the sector’s chambers failed, Daniel Yofra, the secretary-general of crushers’ union FTCIOD has told Agricensus.
Wednesday, December 16th 2020 - 08:40 UTC
UK and Mexico sign trade deal: savings of £59 million worth of duties

The UK signed on Tuesday 15 December a trade deal with Mexico, locking in tariff-free trade and other benefits for British businesses and consumers. The UK-Mexico Trade Continuity Agreement will particularly benefit the automotive, pharmaceutical, textiles, agriculture, food and drink industries and other manufacturing industries, the sectors where the UK has the highest amount of trade with Mexico.
Wednesday, December 16th 2020 - 08:30 UTC
China pledges more trade and development cooperation with Chile on the 50th anniversary of diplomatic relations

China is willing to provide a broader market and more development opportunities for Chile and other countries as it seeks reform and opening-up at a higher level, President Xi Jinping said on Tuesday in a phone conversation with his Chilean counterpart, Sebastian Piñera.