Economy

• Thursday, November 5th 2020 - 09:10 UTC

  Brazil's trade surplus reaches US$ 47,6 billion in ten months

  

  The Brazilian Ministry of Economy released the result of the country's October trade balance, US$ 5.5 billion surplus, but lower than market expectations. The result was again leveraged by the significant retraction in imports, while market expectations were forecasting a US$ 6.1 billion surplus.

• Wednesday, November 4th 2020 - 09:59 UTC

  Biden urges Democrats to “keep the faith”, while Trump announces he will go the US Supreme Court

  

  U.S. President Donald Trump daringly claimed victory in the presidential election on Wednesday — despite no winner being declared and millions of votes waiting to be counted in several key battleground states — as Joe Biden urged Democrats to “keep the faith” and wait for the final results.

• Wednesday, November 4th 2020 - 09:47 UTC

  Brazilian manufacturing expands at a record pace in October

  

  Brazilian manufacturing expanded at a record pace in October, a survey of purchasing managers' activity showed on Tuesday, as a rise in employment and export orders to new highs helped extend the sector's strong post-coronavirus recovery.

• Tuesday, November 3rd 2020 - 08:50 UTC

  Chile's economy activity drops 5,3% in September year on year, but grows 5,1% from August

  

  Chile’s economic activity sank 5.3% in September year-on-year but grew 5.1% from the previous month, the central bank said on Monday, as the world’s no. 1 copper producer emerged from the worst period of the coronavirus pandemic.

• Saturday, October 31st 2020 - 18:14 UTC

  Madame Tussauds in Berlin removes the effigy of president Trump

  

  The waxwork museum Madame Tussauds in Berlin loaded its effigy of TV star-turned Republican president Donald Trump into a dumpster on Friday, a move apparently intended to reflect its expectations of next Tuesday's presidential election.

• Saturday, October 31st 2020 - 16:07 UTC

  Colombia's central bank pauses interest rate cuts as it gauges recovery strength

  

  Colombia became the latest emerging market to end a series of interest rate cuts, joining peers from Brazil to South Africa as it recovers from the pandemic. After the decision, the central bank said that Governor Juan Jose Echavarria will retire early next year.

• Saturday, October 31st 2020 - 08:14 UTC

  Chile's Codelco, world's largest copper producer reports profits are back

  

  Chile's State-owned miner Codelco, the world's largest copper producer, on Friday reported a 86% increase in its profit for the first nine months of the year on Friday, to US$1,124 billion, amid an increase in production.

• Saturday, October 31st 2020 - 07:51 UTC

  Brazil's central bank intervenes twice in the week in support of the weakening Real

  

  Brazil's central bank intervened in the foreign exchange market on Friday, selling dollars to ease heavy downward pressure on the real that had pushed the local currency closer to its all-time low against the dollar struck earlier this year.

• Friday, October 30th 2020 - 18:12 UTC

  Argentina extends social welfare coverage to one million more children

  

  Argentine President Alberto Fernandez on Thursday signed a decree that extends social welfare coverage to one million more children and teenagers.

• Friday, October 30th 2020 - 18:09 UTC

  US economy grew 33,1% in Q3 on trillions of relief, but 23 million Americans still on unemployment benefit

  

  The U.S. economy grew at a historic pace in the third quarter as the government injected more than US$ 3 trillion worth of pandemic relief which fueled consumer spending, but the deep scars from the COVID-19 recession could take a year or more to heal.