Economy

• Saturday, November 21st 2020 - 09:04 UTC

  G-20 committed to support vulnerable countries beyond a temporary foreign debt freeze

  

  The Group of 20 (G-20) nations are determined to continue doing everything possible to contain the Covid-19 pandemic, warning in a draft communiqué that the global economic recovery remains “uneven, highly uncertain, and subject to elevated downside risks”.

• Friday, November 20th 2020 - 09:30 UTC

  Thousands of students, despite restrictions, protest in Colombia's main cities

  

  Thousands of workers and students protested in Colombia on Thursday against the social and economic policies of President Ivan Duque, despite restrictions to control the spread of the coronavirus pandemic.

• Friday, November 20th 2020 - 09:20 UTC

  Peruvian government names respected finance minister to shore up investor confidence

  

  Peru’s interim president appointed veteran economist Waldo Mendoza as his finance minister in a bid to shore up investor confidence shaken by political turmoil. Interim President Francisco Sagasti swore in most of his 19-member ministerial team on Wednesday after becoming the country’s third leader in little more than a week.

• Friday, November 20th 2020 - 08:00 UTC

  Brexit negotiations on line after a member of the EU team tested Covid-19 positive

  

  Chief Brexit negotiators suspended direct talks on Thursday after a member of the EU team tested positive for Covid-19, but officials were continuing their work in line with health guidelines.

• Thursday, November 19th 2020 - 08:21 UTC

  Mexico successfully refinances foreign debt at the “lowest interest rate in the market”

  

  Mexico has completed a debt refinancing operation worth US$ 6.6 billion in international markets, including a heavily over-subscribed bond offer, the Finance Ministry said.

• Wednesday, November 18th 2020 - 08:51 UTC

  Colombia in recession for the first time since 1999

  

  Colombia entered in recession for the first time since 1999 due to the paralysis caused by the Covid-19 pandemic, after registering for the second consecutive quarter a contraction in Gross Domestic Product (GDP).

• Wednesday, November 18th 2020 - 08:48 UTC

  Brazil surging out of recession strongly, according to Q3 activity data

  

  Brazil is emerging from a recession caused by the coronavirus, Economy Minister Paulo Guedes said hours after the publication of a closely-watched indicator showing activity surged in the third quarter.

• Tuesday, November 17th 2020 - 09:50 UTC

  Dow Jones in record highs on news of another promising Covid-19 vaccine

  

  The S&P 500 and Dow Jones industrial average notched record closing highs on Monday as news of another promising coronavirus vaccine fanned hopes of eradicating Covid-19, while spiking infections and new shutdowns threatened to hobble a recovery from the pandemic recession.

• Tuesday, November 17th 2020 - 09:34 UTC

  Brazil is emerging as the world's leading offshore oil producer

  

  By Matthew Smith for Oilprice.com – Sharply weaker oil prices, the COVID-19 pandemic, and heightened geopolitical uncertainty have done little to blunt Brazil’s epic offshore oil boom. By September 2020 Brazil had soared to be the third-largest supplier of crude oil to China, the world’s second-largest economy.

• Tuesday, November 17th 2020 - 09:31 UTC

  Falklands meat industry will not contract overseas workers this summer

  

  As a result of the significant operational and financial risks presented by the global pandemic, the Falkland Islands Meat Company, FIMCo, in consultation with the autonomous government of the Islands, FIG, and elected lawmakers, MLAs, has made the decision not to employ any overseas meat workers this summer.