Economy

• Wednesday, August 5th 2020 - 08:07 UTC

  For the fifth week running Brazil central bank survey reveals increased optimism on the economy

  

  The gloom surrounding Brazil’s economy lifted for a fifth week in a row, a central bank survey of economists showed on Monday, with the average forecast for 2020 gross domestic product now showing a decline of 5.7%.

• Tuesday, August 4th 2020 - 10:40 UTC

  Argentine media and markets agree an agreement has been reached with bondholders

  

  Argentina and most of its top creditors are moving closer to an agreement to restructure US$ 65 billion of bonds, according to government sources in the Buenos Aires media. Likewise, the prospects of an agreement triggered a bonds rally, and the Merval stock index gained 6,6% the most in a month.

• Tuesday, August 4th 2020 - 09:46 UTC

  South Georgia issues Macaroni Penguin gold coins

  

  After the recent release of South Georgia and South Sandwich Islands Penguin Series, The Pobjoy Mint is announcing a limited-edition Proof Fine 1/25oz Gold coin featuring the macaroni penguin to complement this immensely popular series.

• Tuesday, August 4th 2020 - 08:45 UTC

  Boris's launches Eat Out to Help Out program with diners at 50% discount

  

  People across Britain enjoyed half-price meals on Monday as the government launched its Eat Out to Help Out scheme aimed at driving up business in the shattered hospitality industry after months of coronavirus lockdown.

• Monday, August 3rd 2020 - 10:58 UTC

  LATAM to lay off another 2,700 crew after failing an agreement with the union

  

  Latin America's biggest airline, the Brazilian-Chilean group LATAM, said it was laying off at least 2,700 crew to cope with the devastating effects of the coronavirus pandemic on the aviation industry.

• Saturday, August 1st 2020 - 06:11 UTC

  Ecuador extends deadline for negotiations with bondholders

  

  Ecuador will extend the deadline for creditors to vote on its US$ 17.4 billion debt restructuring plan to Monday following a lawsuit by a small group of bondholders, the finance ministry said on Thursday.

• Saturday, August 1st 2020 - 06:07 UTC

  Colombia planning private sector workers to tap pension savings

  

  Colombia is the latest Latin American country considering a plan to let workers tap private pension savings, a move intended to soften the slump in consumer spending but which risks worsening some of the world’s deepest stock market slumps.

• Saturday, August 1st 2020 - 06:05 UTC

  Mexican economy needs two years to reach pre-pandemic levels

  

  A full recovery of the Mexican economy to pre-pandemic levels could be reached in one to two years so long as no new coronavirus outbreaks strike, a senior official said

• Friday, July 31st 2020 - 10:30 UTC

  Falklands 2,9% deflation in the second quarter, as a result of Covid-19 measures

  

  The Falkland Islands Retail Price Index, RPI, dropped by 2,9% in the second quarter of 2020, as a result of Covid-19 support measures, Standing Financial Committee members were informed this week.

• Friday, July 31st 2020 - 10:30 UTC

  Latin America should focus on digital technologies, recommends IADB

  

  Latin American should turn its infrastructure investment focus toward digital technologies and away from physical infrastructure to stimulate its economic recovery after the coronavirus pandemic, the Inter-American Development Bank (IADB) said on Thursday.