Economy

• Thursday, October 1st 2020 - 09:20 UTC

  Falklands mini budget less likely, despite a “slight deficit” instead of a planned surplus

  

  A Falkland Islands mini budget looks much less likely now, based on what Financial Secretary Tim Waggott told MLAs (lawmakers) at a meeting of the Standing Finance Committee.

• Thursday, October 1st 2020 - 09:01 UTC

  Bolsonaro government announces new minimum income program, to replace Lula's Bolsa Familia

  

  Brazil's government detailed how it would pay for a new minimum income program called Renda Cidada, with President Jair Bolsonaro and Economy Minister Paulo Guedes still pledging to honor the country's spending cap and fiscal rules.

• Wednesday, September 30th 2020 - 09:46 UTC

  Brazil post a primary budget deficit of US$ 17bn in August; 9% of GDP in eight months

  

  Brazil's government posted a primary budget deficit of 96.1 billion reais (US$ 17 billion) in August, the Treasury said on Monday, as the coronavirus crisis continued to necessitate huge emergency spending.

• Wednesday, September 30th 2020 - 09:40 UTC

  Bolsonaro hits back at accusations his government is breaking the spending cap with accounting gimmicks

  

  Brazil’s President Jair Bolsonaro hit back on Tuesday at accusations his government is using accounting gimmicks to fund a new minimum income program without breaking its spending cap, its most important fiscal rule.

• Wednesday, September 30th 2020 - 09:24 UTC

  Peru's credit risk, EMBIG, stands at 183 points, less than half the region's average

  

  Peru's EMBIG (Emerging Markets Bond Index Global) spread stood at 183 basis points, while the EMBIG Latin America spread increased 52 bps to 494 bps on September 16-23, the Central Reserve Bank (BCR) has reported.

• Wednesday, September 30th 2020 - 09:02 UTC

  US Treasury US$ 25bn in loans to support seven large airlines

  

  The U.S. Treasury said on Tuesday it had closed loans to seven large airlines hit hard by the coronavirus pandemic and urged Congress to save tens of thousands of airline jobs by extending billions in payroll assistance.

• Wednesday, September 30th 2020 - 08:36 UTC

  China factory activity steady recovery in September, but textiles remain with insufficient demand

  

  Factory activity in China improved slightly in September, according to official data published on Wednesday, showing a small rebound in the economy ahead of the week-long National Day public holiday.

• Wednesday, September 30th 2020 - 08:20 UTC

  EU and Britain on collision course following approval of UK bill on internal market after Brexit

  

  British lawmakers on Tuesday adopted a bill to regulate the UK's internal market after Brexit, defying a looming EU ultimatum as the two sides entered a final week of tense talks. Despite deep disquiet even from some members of the ruling Conservatives, the House of Commons passed the bill by 340 votes to 256.

• Tuesday, September 29th 2020 - 09:26 UTC

  Chile announced US$ 2 billion package to help recover and create new jobs

  

  Chilean President Sebastian Piñera announced on Sunday the launch of US$ 2 billion in subsidies aimed at creating new jobs or recovering those lost during months of lockdown aimed at stemming the coronavirus pandemic in the globe’s top copper producer.

• Tuesday, September 29th 2020 - 09:19 UTC

  Peru will attempt gradual reopening of economy in October

  

  Peru will push forward with a gradual reopening of its economy in October, allowing international flights to countries in the region and more people into its restaurants and stores, the government announced, provided coronavirus cases continue to fall.