Economy

Tuesday, June 2nd 2020 - 08:03 UTC
Mexican workers return to work at the automotive factories

Tens of thousands of workers lined up before dawn to return to work at automotive factories along Mexico's northern border on Monday, the first day that industries joined the country's list of essential activities beginning to reopen.
Monday, June 1st 2020 - 08:54 UTC
Venezuela announces the end of subsidized fuel prices together with privatized service stations

Venezuela will increase fuel prices in June, the president said, putting a limit on state subsidies that for decades had allowed citizens to fill their gas tanks virtually for free. Although the country has huge oil reserves, production has collapsed and Venezuelans are facing dire shortages - exacerbated by the impact of COVID-19 on the economy.
Monday, June 1st 2020 - 08:50 UTC
Falklands preparing for tourism ‘new normal’ in 2020

The Falkland Islands are concerned about tourism and what can be expected of the coming season. Tourism is one of the main industries of the Islands and has been growing sustainedly despite attempts by an abusive neighbor to curtail its development, but on this occasion, the world pandemic has become a greater uncertainty and challenge.
Monday, June 1st 2020 - 08:49 UTC
Oil prices fall because of concerns about extended rioting in major US cities

Oil prices fell due to concerns about riots in major US cities that could staunch demand after trading higher on optimism that OPEC would extend or enhance production cuts at a meeting in June.
Monday, June 1st 2020 - 07:48 UTC
Brazil's plane manufacturer Embraer expects to obtain a US$ 600 million credit from government

Brazilian plane manufacturer Embraer SA, the world's third-largest commercial jet builder, should obtain US$600 million in credit lines from Brazil's state development bank BNDES and private banks in June, government sources said on Sunday.
Monday, June 1st 2020 - 07:40 UTC
Latam Brazil bailout could be delayed until at least July

LATAM Airlines Group's U.S. bankruptcy filing last week will delay its potential bailout in Brazil to at least July and also push back aid to its rivals at least through the end of June.
Monday, June 1st 2020 - 06:59 UTC
Pope Francis said “healing people, not saving money to help the economy is more important”

Pope Francis said on Sunday that people are more important than the economy, as countries decide how quickly to reopen their countries from coronavirus lockdowns. The Pope made his comments, departing from a prepared script, at the first noon address from his window overlooking St Peter's Square in three months as Italy's lockdown drew to an end.
Saturday, May 30th 2020 - 08:51 UTC
Argentina admits “more favorable” proposals from creditor groups

Argentina received a debt restructuring proposal from two creditor groups a step in the right direction, Economy Minister said on Friday. Nevertheless, it still fell short of what the country needed to strike a deal.
Saturday, May 30th 2020 - 08:14 UTC
US-UK clash at UN with China over controversial law for Hong Kong

President Donald Trump said on Friday he would strip several of Hong Kong's special privileges with the United States and bar some Chinese students from US universities in anger over Beijing's bid to exert control in the financial hub.
Saturday, May 30th 2020 - 07:45 UTC
Trump orders a probe into Chinese companies listed in US financial markets

US President Donald Trump on Friday ordered a probe into the actions of Chinese companies listed on American financial markets as tensions flared anew between the world's two biggest economies.