Economy

• Saturday, August 8th 2020 - 08:20 UTC

  Credit rating agencies have their doubts about Argentina's economic outlook

  

  Argentina’s US$ 65 billion debt restructuring agreement with bondholders will likely lead to credit upgrades but is far from ensuring the country’s longer-term economic future, rating agencies commented on Thursday.

• Saturday, August 8th 2020 - 08:18 UTC

  Brazil's leading banks giving repayment extensions to some US$ 44bn in outstanding loans

  

  Brazil’s top four listed lenders are giving months-long extensions for consumers and companies to repay 235 billion reais (US$ 43.98 billion) in outstanding loans, a move to give financially squeezed borrowers a breathing room.

• Saturday, August 8th 2020 - 08:15 UTC

  July inflation in Brazil, 0,36%, only transport, fuel and housing increased

  

  Brazilian inflation in July rose the most in four years, figures showed on Friday, driven by fuel and housing costs, although the annual measure remained significantly below the central bank’s year-end target. The IPCA index rose 0.36% in July, government statistics agency IBGE said.

• Saturday, August 8th 2020 - 08:00 UTC

  Falklands targets a 3% yearly population growth and doubles permanent residence permits

  

  The Falkland Islands Executive Council has agreed to double the yearly quota of permanent residence permits (PRP) to 90. According to a paper published last week, the figure has been set to target a 3% yearly population growth.

• Saturday, August 8th 2020 - 07:20 UTC

  Brazil estimates record soybean crop of 130,5 million tons in 2021; wheat imports could climb to 7,3 million tons

  

  Brazilian soybean production is expected to increase some five million tons in the 2020/21 harvest to a record 130,5 million tons, according to Daniel Amaral, chief economist of the Brazilian Association of Vegetable Oil Industries (Abiove). Based on this crop oilseed exports could reach 80 million tons in 2021, while domestic crushing could reach a new annual record of 45 million tons.

• Friday, August 7th 2020 - 09:25 UTC

  Argentina planning for a new program agreement with the IMF by end of March

  

  Argentina aims to reach a deal with the International Monetary Fund over a new financing program before the end of March, a time frame that Fund veterans say is realistic if both sides show commitment. The news was reported by the economic media from Buenos Aires.

• Friday, August 7th 2020 - 08:31 UTC

  Argentina and China renew US$ 18 billion swap; Beijing will pay for agriculture imports in Yuan

  

  The central bank of Argentina announced it will renew a currency cooperation agreement with the People's Bank of China to swap US$ 18.2 billion worth of each other's currencies next week, El Economista reported on Friday.

• Friday, August 7th 2020 - 07:41 UTC

  Falklands extends Covid-19 support schemes for two months until September 30

  

  The Falkland Islands Executive Council approved the extension of the employment/self-employment, job retention, unemployment subsidy and direct grant schemes which were introduced in response to the Covid-19 pandemic, and are currently being administered by the Treasury and FIDC.

• Thursday, August 6th 2020 - 09:24 UTC

  Brazil's aircraft manufacturer Embraer, reports losses of US$ 315 million

  

  Brazilian aircraft manufacturer Embraer reported second-quarter losses of US$ 315 million on Wednesday, as sales plunged due to the coronavirus pandemic and a proposed joint venture with Boeing collapsed.

• Thursday, August 6th 2020 - 09:19 UTC

  Brazil's central bank cuts Selic lending rate to a record low of 2%

  

  Brazil's central bank cut its key Selic lending rate to a record low on Wednesday and left the door open for more cuts, as the outlook for inflation remains below target amid the impact of the coronavirus pandemic on the economy.