Economy

• Tuesday, July 7th 2020 - 10:00 UTC

  Chilean aid package to help keep the ailing middle class afloat

  

  Chilean President Sebastian Piñera announced on Sunday a new US$ 1.5 billion package of measures to help keep the country´s ailing middle class afloat as the coronavirus pandemic continues to ravage the economy of the world´s top copper producer.

• Tuesday, July 7th 2020 - 09:44 UTC

  Trade development agreement between Venezuela and Turkey becomes effective August 21

  

  A new trade deal between Turkey and Venezuela, officially titled “Trade Development Agreement,” will enter into force on August 21, the Turkish T24 news website said on Saturday.

• Tuesday, July 7th 2020 - 09:41 UTC

  Trudeau will miss mini summit in White House with Trump and Lopez Obrador

  

  Canadian Prime Minister Justin Trudeau will not visit Washington with Mexico’s president this week to celebrate a new North American trade deal, his office said on Monday, after Canada raised concerns over potential U.S. aluminum tariffs.

• Tuesday, July 7th 2020 - 09:35 UTC

  Brazil automakers expect sales to reach pre coronavirus levels in 2025

  

  Brazil’s automakers association said on Monday it only expects auto sales to recover to pre-coronavirus levels in 2025, discarding the possibility of a V-shaped recovery and taking on a grim view for the industry.

• Monday, July 6th 2020 - 09:35 UTC

  Argentina unveils its “final effort”, with sweeteners, to bondholders and an August 4 deadline

  

  Argentina’s government unveiled an amended debt restructuring proposal on Sunday and set a deadline of Aug. 4 for creditors to accept it, adding some key sweeteners as it looks to defuse recent tensions with bondholders and strike a deal.

• Monday, July 6th 2020 - 09:30 UTC

  Six out of ten children in Argentina live in poverty, UN data

  

  The global pandemic has hammered Argentina's economy, which is now expected to shrink around 12% this year, driving millions into poverty and leaving almost six out of every 10 children and adolescents below the poverty line, United Nations data show.

• Saturday, July 4th 2020 - 08:25 UTC

  Argentine economy expected to contract 12% this year, according to central bank poll

  

  Argentina's economy is expected to contract by 12% in 2020, a monthly central bank poll of analysts showed on Friday, worse than the previous estimate of a 9.4% decline, as output is ravaged by measures to tame the coronavirus outbreak.

• Saturday, July 4th 2020 - 08:15 UTC

  Trudeau not sure he will attend trade treaty celebration in Washington with Trump and Lopez Obrador

  

  Canadian Prime Minister Justin Trudeau said on Friday he was still unsure whether he would go to Washington DC next week to celebrate a new North American trade treaty, citing concern about possible US tariffs on aluminum.

• Saturday, July 4th 2020 - 08:02 UTC

  Creditor group tables new offer to Argentina's debt negotiations

  

  One of Argentina's main creditor groups, the Argentina Creditor Committee, confirmed on Friday that it had tabled a new offer to the country's government as part of ongoing debt renegotiations.

• Saturday, July 4th 2020 - 07:32 UTC

  Brazil's Embraer union files lawsuit against the company's board over the collapsed deal with Boeing

  

  A union representing workers at planemaker Embraer filed a lawsuit on Friday seeking to dismiss the company's board, after a US$4.2 billion deal with Boeing Co collapsed amid the pandemic, leaving the Brazilian jet-maker scrambling for a new path forward.