Economy

Tuesday, December 8th 2020 - 08:54 UTC
Argentina passes new tax on the rich; opposition claims it will further deter foreign investment

Argentina has passed a new wealth tax to help the government pay for health supplies and economic relief measures amid the ongoing coronavirus pandemic. Lawmakers in the Senate passed the bill, dubbed the “millionaire’s tax,” by 42 votes to 26 late on Friday.
Tuesday, December 8th 2020 - 08:31 UTC
China's November exports jumped 21,1% as the economy is back on solid recovery

China's exports jumped to record levels in November, offering fresh evidence of the world's second-largest economy's solid recovery from the COVID-19 pandemic that continues to ravage many major economies, while slower growth in imports also underscored persistent pressure on domestic demand from the virus.
Monday, December 7th 2020 - 08:59 UTC
Brazil has sold in advance 56,5% of its 2020/21 soybeans crop

Brazilian farmers have sold 56.5% of their beans in advance through December 4, Safras & Mercado, an agribusiness consultancy, said in a statement last Friday. Considering Brazil is poised to collect 133.517 million tons of the oilseeds this season, the volume of pre-sold soy amounts to an estimated 75.403 million tons, Safras said.
Monday, December 7th 2020 - 08:52 UTC
Despite political turmoil, Peru joins the group of countries issuing debt maturing in 100 years

Peru has joined a select group of countries issuing debt that matures in 100 years, as investors looked beyond the acute political crisis that has engulfed the country in recent weeks.
Monday, December 7th 2020 - 08:45 UTC
US jobs picked up in November, but the challenge remains long term employment

U.S. employers added 245,000 jobs last month and the unemployment rate slipped to 6.7%, the Department of Labor said on Friday. The fresh economic data shows the labor market clawing its way out of the pandemic-induced downturn, but still far away from a full recovery. The unemployment rate in the U.S. was 3.5% in February before the crisis hit.
Sunday, December 6th 2020 - 23:00 UTC
Brexit and its impact: no representation of the Falklands case to the EU

Complicated challenges ahead for the Falkland Islands as the Brexit deadline inexorably approaches. While the Falklands Government has made public assurances that it has worked hard to ensure the impact of Brexit on the Falklands...
Sunday, December 6th 2020 - 08:47 UTC
Argentine squid season south of parallel 44 takes off on January 16

The 2021 Argentine squid season. south of parallel 44, takes off next 16 January, according to the country's Fisheries Federal Council, following on the scientific report from Inidep, the national fisheries research and development institute.
Friday, December 4th 2020 - 09:40 UTC
IMF and Argentina discussions “very fluid and constructive”, but no date for closing a new deal

Negotiations between the International Monetary Fund and Argentina over a new IMF loan program are “very fluid and constructive,” with Argentine officials expected to come to Washington in the coming days for more talks, IMF spokesman Gerry Rice said on Thursday.
Friday, December 4th 2020 - 09:25 UTC
Poverty in Argentina reaches 44,2% of the population, with special impact on households with children

Some 18 million people, 44,2% of the Argentine population live in poverty conditions, and indigence trapped 10,1%, during the third quarter of 2020, according to the Argentina Catholic University Social Debt Observatory.
Friday, December 4th 2020 - 09:08 UTC
Strong overall rebound of Brazilian economy in third quarter, 7,7%, but still at 2017 size

Brazil’s economy grew in the third quarter by the most on record as the easing of anti-coronavirus lockdown measures triggered a strong rebound in activity across most sectors, especially industry and services, while fixed investment jumped sharply.