Economy

• Tuesday, November 3rd 2020 - 08:50 UTC

  Chile's economy activity drops 5,3% in September year on year, but grows 5,1% from August

  

  Chile’s economic activity sank 5.3% in September year-on-year but grew 5.1% from the previous month, the central bank said on Monday, as the world’s no. 1 copper producer emerged from the worst period of the coronavirus pandemic.

• Saturday, October 31st 2020 - 18:14 UTC

  Madame Tussauds in Berlin removes the effigy of president Trump

  

  The waxwork museum Madame Tussauds in Berlin loaded its effigy of TV star-turned Republican president Donald Trump into a dumpster on Friday, a move apparently intended to reflect its expectations of next Tuesday's presidential election.

• Saturday, October 31st 2020 - 16:07 UTC

  Colombia's central bank pauses interest rate cuts as it gauges recovery strength

  

  Colombia became the latest emerging market to end a series of interest rate cuts, joining peers from Brazil to South Africa as it recovers from the pandemic. After the decision, the central bank said that Governor Juan Jose Echavarria will retire early next year.

• Saturday, October 31st 2020 - 08:14 UTC

  Chile's Codelco, world's largest copper producer reports profits are back

  

  Chile's State-owned miner Codelco, the world's largest copper producer, on Friday reported a 86% increase in its profit for the first nine months of the year on Friday, to US$1,124 billion, amid an increase in production.

• Saturday, October 31st 2020 - 07:51 UTC

  Brazil's central bank intervenes twice in the week in support of the weakening Real

  

  Brazil's central bank intervened in the foreign exchange market on Friday, selling dollars to ease heavy downward pressure on the real that had pushed the local currency closer to its all-time low against the dollar struck earlier this year.

• Friday, October 30th 2020 - 18:12 UTC

  Argentina extends social welfare coverage to one million more children

  

  Argentine President Alberto Fernandez on Thursday signed a decree that extends social welfare coverage to one million more children and teenagers.

• Friday, October 30th 2020 - 18:09 UTC

  US economy grew 33,1% in Q3 on trillions of relief, but 23 million Americans still on unemployment benefit

  

  The U.S. economy grew at a historic pace in the third quarter as the government injected more than US$ 3 trillion worth of pandemic relief which fueled consumer spending, but the deep scars from the COVID-19 recession could take a year or more to heal.

• Friday, October 30th 2020 - 09:37 UTC

  Brazil keeps interest rate at record low, despite a spike in food and fuel inflation

  

  Brazil’s central bank kept its key interest rate at a record-low 2.00% on Wednesday, maintaining its “forward guidance” pledge to keep rates lower for longer and even the possibility of further easing, despite the recent rise in inflation and fiscal risks.

• Friday, October 30th 2020 - 08:34 UTC

  US rejects Nigerian candidate as next WTO director-general, further paralyzing the global trade watchdog

  

  The World Trade Organization's (WTO) bid to select a new leader was plunged into uncertainty this Wednesday after the United States rejected the Nigerian woman proposed as the global trade watchdog's next director-general.

• Thursday, October 29th 2020 - 09:10 UTC

  Brazilian government borrowing jumped to second highest record in September

  

  Brazilian government borrowing jumped to its second-highest on record in September, Treasury figures showed, meaning Brazil issued more debt in the first nine months of this year than the whole of last year.