Economy

• Thursday, November 26th 2020 - 08:40 UTC

  Brazil renews wheat import quota free of tariff, from outside Mercosur

  

  Brazil's Chamber of Foreign Trade (Camex) has renewed the import quota of 750,000 tons of wheat from outside Mercosur and exempt of the Common External Tariff (TEC) currently at 10%. Purchases can be made from Novr 18 this year to November 17, 2021.

• Wednesday, November 25th 2020 - 09:50 UTC

  Mercosur/EU trade deal: “time is pressing,” cautions Uruguay

  

  Uruguayan foreign minister Francisco Bustillo leaves this week for Spain the first of a round of European countries ahead of the coming Mercosur summit to be held next month, under the presidency of Uruguay. Finalizing the Mercosur/European Union trade agreement is the focus of the trip.

• Wednesday, November 25th 2020 - 09:06 UTC

  Brazil on track to end recession early 2021, as private activity speeds up

  

  Brazil’s economy probably rebounded at a record quarterly pace in July-September and was on track for a better start to 2021 than previously thought, as businesses and households recovered from the first surge in COVID-19 cases.

• Wednesday, November 25th 2020 - 09:04 UTC

  Markets reach new records in Wall Street on Covid-19 vaccines optimism

  

  The Dow Jones Industrial Average breached the 30,000-mark for the first time on Tuesday, as optimism that COVID-19 vaccines will open the way to economic recovery next year fueled Wall Street’s rebound from a pandemic-driven crash this year.

• Tuesday, November 24th 2020 - 09:26 UTC

  Peru placed a US$ 1 billion 100-year bond at a coupon rate of 3,23%

  

  Peru said on Monday an eager market had soaked up its offer of US$ 4 billion worth of debt, including a rare century bond, as the world´s No. 2 copper miner scrambles to raise funds to soften the economic fallout from the coronavirus crisis.

• Tuesday, November 24th 2020 - 09:22 UTC

  Chile expects a bull market for copper next year

  

  Chile’s copper production will likely rise by 0.6% to 5.82 million tons in 2020, state copper commission Cochilco said on Monday, and to 5.99 million tons in 2021. Cochilco estimated that the copper price will average US$ 2.75 per pound in 2020, before rising to US$ 2.90 per pound in 2021.

• Tuesday, November 24th 2020 - 09:06 UTC

  Janet Yellen, ex-Fed chair expected to become next Treasury Secretary

  

  Former Federal Reserve Chair Janet Yellen will serve as the 78th Treasury Secretary of the U.S., the Wall Street Journal reported Monday afternoon, citing people familiar with President-elect Joe Biden’s transition team.

• Monday, November 23rd 2020 - 09:20 UTC

  Britain and Canada announce a new trade deal, the new formal pact will be negotiated next year

  

  Canada and Britain have struck a new trade deal, beating the Dec. 31 Brexit deadline that would have triggered new tariffs on a range of Canadian exports. The interim deal will replace Canada’s current agreement with Britain under the European Union that currently covers trade between the two countries until a new formal pact can be negotiated in the coming year.

• Saturday, November 21st 2020 - 09:54 UTC

  “Good progress” in Argentina/IMF negotiations for an Extended Fund Facility

  

  ”Good progress” has been made in parts of a new program between the International Monetary Fund and Argentina, IMF officials said in a statement on Friday. An IMF team visited Argentina to begin discussions on repackaging some US$ 45 billion the country owes the Fund.

• Saturday, November 21st 2020 - 09:44 UTC

  New Peruvian government silent about a second withdrawal of funds from the pension system

  

  The Peruvian government enacted a law that allows citizens a second withdrawal of funds from the private pension system in order to ease the economic blow from the coronavirus pandemic, according to the official newspaper El Peruano.