Economy

Friday, April 10th 2020 - 15:45 UTC
IMF sees emerging markets and low income nations as the most exposed to the coming recession

The International Monetary Fund sees the world economy suffering its worst recession since the Great Depression this year, with emerging markets and low-income nations in Africa, Latin America and Asia at particularly high risk.
Friday, April 10th 2020 - 15:37 UTC
Brazilian March inflation the lowest in 25 years, with several consumer items in deflation

Brazilian inflation slowed sharply in March, official figures showed on Thursday, falling to its lowest for that month in over quarter of a century as the new coronavirus crisis sapped demand for household goods and transport.
Friday, April 10th 2020 - 15:12 UTC
General Motors shut down factories in Brazil for at least 60 days

General Motors Co plans to keep its Brazilian factories shut down for at least 60 more days due to the coronavirus crisis, the company said on Thursday, as the final batch of unionized workers voted on the automaker's proposal.
Friday, April 10th 2020 - 14:50 UTC
US Fed and Bank of England ramp up emergency responses to the escalating recession in unchartered waters

The U.S. Federal Reserve and the Bank of England ramped up their emergency responses to the world's escalating coronavirus recession on Thursday as they pushed deeper into territory once considered fraught with risk for central bankers.
Friday, April 10th 2020 - 08:57 UTC
US, Russia and Saudis hammer out a tentative accord to cut oil supply and help boost prices

OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis.
Friday, April 10th 2020 - 08:56 UTC
Falklands' survey: 84% of businesses report negative impact from the pandemic

The Falkland Islands Government, FIG, recently carried out a business survey in conjunction with the Chamber of Commerce that resulted in 283 responses.
Friday, April 10th 2020 - 08:48 UTC
Falklands' wool farmers bashed with lack of demand and falling prices

Falkland Islands farmers are deeply concerned because wool prices have crashed to 40-50% below levels of early 2019, and as much as 70% of the Falklands 2019/20 wool clip is as yet unsold.
Thursday, April 9th 2020 - 14:57 UTC
Chilean consumer prices rose 0.3% in March, and 3.7% in twelve months

Chile consumer prices rose 0.3% in March, the government's statistics agency said on Wednesday, pushed upwards by a rise in food and education costs but counterbalanced by a fall in transportation prices.
Thursday, April 9th 2020 - 13:30 UTC
Bolsonaro thanks Indian PM Modi for allowing export of hydroxychloroquine raw materials

Brazil's president Jair Bolsonaro has thanked Indian Prime Minister Narendra Modi for allowing the export of raw materials to continue production of hydroxychloroquine, an anti-malarial drug believed effective in the treatment of the novel coronavirus. In his address to the nation on Wednesday, Mr. Bolsonaro said he thanked the Prime Modi and the people of India for “timely help to the people of Brazil”.
Thursday, April 9th 2020 - 09:47 UTC
Peru launches economic stimulus plan equivalent to 12% of its GDP

While Latin America’s two largest economies, Brazil and Mexico, fret over the wisdom of pursuing large economic stimulus packages that could erode fiscal targets, Peru is going big and getting rewarded.