Economy

Thursday, August 27th 2020 - 09:25 UTC
Falklands new port: advance team of construction company arrives in Stanley

An advance team from BAM Nuttall Ltd that will design and build a new port in the Falkland Islands arrived this week in Stanley and is complying with their 14-day quarantine, ahead of their extensive stakeholder engagement program, which is scheduled to begin in the first two weeks of next month.
Thursday, August 27th 2020 - 09:23 UTC
Falklands' company expects its state of the art trawler F/V Falcon ready for the Loligo February 2021 season

F/V Falcon, the latest trawler from the Falkland Islands Fortuna fishing company was launched on Wednesday at the Nodosa Shipyard in Vigo, Spain. The vessel will now undergo further completion works, leading to sea trials later in the year, and ready to join the Falklands' fleet for the first Loligo season, commencing February 2021.
Thursday, August 27th 2020 - 09:08 UTC
Executive and Congress in Peru clash over bill allowing citizens to draw on their state pensions' funds

Peru's Congress approved a law that allows citizens to partially draw down their contributions to the state pension fund, a few months after doing the same with the private system and despite fierce opposition from the government.
Thursday, August 27th 2020 - 09:02 UTC
Argentina extends price freeze on mobile, internet and TV services until end of 2020

Argentina has extended a price freeze on mobile, internet, and TV services until the end of 2020 after deeming them “essential public services”. The freeze prevents operators from increasing tariffs unless they receive permission from the country’s government. A price freeze has been in place since May and had been due to expire at the end of August.
Thursday, August 27th 2020 - 08:43 UTC
Argentina notifies IMF of a request for a new fund arrangement

IMF Managing Director Kristalina Georgieva, spoke with Argentina President Alberto Fernández on Wednesday, when conversations for a new credit arrangement were launched. The Managing Director made the following statement at the conclusion of the meeting:
Wednesday, August 26th 2020 - 09:51 UTC
Moody's downgrades Chilean debt outlook to negative from stable: expected to double in five years

Moody's Investors Service, (“Moody's”) has changed the outlook to negative from stable on the Government of Chile and affirmed the A1 long-term local and foreign currency issuer and senior unsecured ratings, and the (P)A1 foreign currency senior unsecured shelf ratings.
Wednesday, August 26th 2020 - 09:45 UTC
Brazilian central bank chief and Economy minister, “are fully aligned”

Brazilian central bank president Roberto Campos Neto said he has not been sounded out about replacing Economy Minister Paulo Guedes when he eventually leaves his post, and said the whole notion is a “non-issue.”
Wednesday, August 26th 2020 - 09:18 UTC
Italy forges closer relations with China and cautions on a re surge of a “cold war”

Italy and China need to forge closer ties, Italian Foreign Minister Luigi Di Maio said on Tuesday, potentially putting Rome at odds with Washington, which has raised alarm over Beijing's economic ambitions.
Monday, August 24th 2020 - 09:25 UTC
Despite Merkel’s “serious doubts,” German industry defends the Mercosur-EU agreement

After Germany’s Chancellor Angela Merkel stated on Friday “considerable doubts” over whether to keep backing the European Union’s (EU) trade deal with the Mercosur due to environmental threats that represent the deforestation in Brazil’s Amazonia, the Association of German Chambers of Industry and Commerce (DIHK) responded defending the agreement that was reached last year.
Saturday, August 22nd 2020 - 09:40 UTC
Venezuela, Argentina and Colombia among the highest rates in Bloomberg's Misery Index

Bloomberg’s Misery Index, which tallies inflation and unemployment outlooks for 60 economies shows that almost all of the economies surveyed are projected to be more miserable this year amid Covid-19, with analysts expecting increased joblessness and tepid growth.