Economy

• 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.

• Tuesday, November 17th 2020 - 09:25 UTC

  Argentina meat industry plans investments to increase exports 33% in three years

  

  Argentine meat processing plants will invest US$ 187 million in a bid to increase exports from the country by 33% over three years to 1.2 million tons per year, the head of a local trade group said on Monday during a conference with government officials.

• Monday, November 16th 2020 - 09:20 UTC

  Argentine economic team in preventive isolation after contacts with IMF mission member tested positive

  

  Economy Minister Martin Guzman and other Argentine officials were placed in preventive isolation on Sunday after a member of a visiting IMF mission tested positive for COVID-19, the government said.

• Monday, November 16th 2020 - 07:00 UTC

  Asia-Pacific 15 nations sign the world's largest free trade pact: 2,2bn people and a US$ 26,2 trillion GDP

  

  Asia Pacific nations including China, Japan and South Korea on Sunday signed the world’s largest regional free trade agreement, encompassing nearly a third of the world’s population and gross domestic product.

• Saturday, November 14th 2020 - 08:20 UTC

  During September for the fifth month running economic activity is picking up in Brazil

  

  Economic activity in Brazil rose in September for the fifth month, a central bank survey showed on Friday, more than economists had expected, pointing to a solid recovery in the third quarter from the worst of the COVID-19 shock earlier in the year.

• Friday, November 13th 2020 - 14:00 UTC

  Chilean financial system at risk by the continuing pandemic, central bank warns

  

  The continuing coronavirus pandemic poses the most significant risk to Chile’s financial system as institutions’ capacity to take mitigating action diminishes, the country’s Central Bank warned in a report on Wednesday.

• Friday, November 13th 2020 - 08:00 UTC

  Johnson's most powerful advisor, controversial Dominic Cummings leaves by end of the year

  

  Dominic Cummings quit as British Prime Minister Boris Johnson’s most powerful aide and will leave by the end of the year. The news will plunge the Prime Minister’s leadership into a rough situation at a critical time for the UK as it navigates the closing stages of Brexit.

• Thursday, November 12th 2020 - 09:13 UTC

  Haiti still waiting for Swiss courts to free funds stolen by dictators, more than thirty years on

  

  More than 30 years after the overthrow of Jean-Claude Duvalier, Haiti is still waiting to get back the fortune that the dictator and his family deposited in Switzerland. The delay is down to legal intrigues being played out in the Swiss courts.