Economy

• Saturday, November 7th 2020 - 08:55 UTC

  Bolivia's miracle architect now faces the challenge of scarce funds and managing austerity

  

  Luis Arce, a quiet economist who will be sworn in as Bolivia's president on Sunday after a landslide election win, knew where he stood in the political spectrum as a young teenager in La Paz, when he picked up the writings of philosopher Karl Marx.

• Saturday, November 7th 2020 - 08:47 UTC

  Argentina expected to request fresh funds from IMF; mission arrives next week

  

  A mission from the International Monetary Fund will visit Argentina from Nov. 10 to begin formal negotiations for a new financing program, an IMF spokesman said on Friday.

• Saturday, November 7th 2020 - 08:33 UTC

  Walmart leaves Argentina, sells local assets to the Grupo de Narvaez

  

  Walmart will sell its business in Argentina as it continues to restructure its international division. Walmart will continue to support the business transition services and sourcing agreements under Grupo de Narvaez, the company that is acquiring it, but it will not retain an equity stake.

• Saturday, November 7th 2020 - 08:06 UTC

  Food and transport costs lifting annual inflation in Brazil to the central bank year target

  

  Brazilian inflation in October rose to its highest level for that month since 2002, figures showed on Friday, driven by rising food and transport costs and lifting annual inflation to within sight of the central bank’s year-end target.

• Friday, November 6th 2020 - 09:50 UTC

  Iran, Venezuela's close ally proclaims 'US can no longer control what's happening in the world'

  

  Iran believes the U.S. government no longer can “control what’s happening in the world” or show other countries how to protect citizens’ rights, the Iranian foreign minister said on Thursday during a visit to ally Venezuela.

• Friday, November 6th 2020 - 09:13 UTC

  Vehicle sales in Brazil climbing with October the best month of the year

  

  New vehicle sales in Brazil during October rose 3.54% compared to September, registering the highest volume of the year, the National Federation of Motor Vehicle Dealers (Fenabrave) said.

• Friday, November 6th 2020 - 08:55 UTC

  E-commerce firm Mercado Libre benefits from a surge of online shopping in Latam

  

  Mercado Libre Inc, Latin America's top e-commerce firm, reported better-than-expected third-quarter revenue and profit on Wednesday, helped by a surge in online shopping and digital payment transactions during the COVID-19 pandemic.

• Friday, November 6th 2020 - 08:53 UTC

  Brazil's spike in inflation is 'temporary', central bank president Campos Neto

  

  Brazil’s recent spike in inflation is temporary, central bank President Roberto Campos Neto said, adding, however, that policymakers are monitoring developments closely.

• Friday, November 6th 2020 - 08:51 UTC

  Brazilian Senate votes overwhelmingly in favor of Central bank autonomy

  

  Brazil’s Senate voted overwhelmingly to approve a bill that would establish the autonomy of the central bank to reduce political interference in monetary policy and align the country with other major economies.

• 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.