Economy

Tuesday, April 21st 2020 - 08:52 UTC
Ecuador receives temporary reprieve to defer interest payments

Ecuador received a temporary reprieve over the weekend when the government announced that a sufficient number of investors had agreed to a consent solicitation to defer interest payments.
Monday, April 20th 2020 - 08:55 UTC
Argentine fisheries industry estimates exports to drop 30% this year because of COVID-19

Hard times ahead for fisheries exports. According to a paper circulated among members of Argentina's different fish industry chambers foreign market prospects are not encouraging since the main markets, Spain, Italy, China and the United States, are suffering the greatest impact from the coronavirus pandemic.
Monday, April 20th 2020 - 07:41 UTC
US lawmakers ask payroll assistance for local newspapers and broadcast stations

A bipartisan group of U.S. lawmakers called on Sunday for expanding payroll assistance to struggling local newspapers and broadcast stations that have seen advertising revenue plummet during the coronavirus pandemic.
Monday, April 20th 2020 - 07:37 UTC
Brazilian central bank estimates economy will begin to recover in the fourth quarter

Brazil's central bank president Roberto Campos Neto said this weekend that Latin America's largest economy will begin to recover from the coronavirus crisis in the fourth quarter, according to an interview in local media.
Monday, April 20th 2020 - 06:51 UTC
Norwegian Cruise Line exploring financial options including sale of a stake

Norwegian Cruise Line Holdings Ltd has hired investment bank Goldman Sachs Group Inc to explore financing options that could include the sale of a stake in the company, according to a report filed by Reuters.
Saturday, April 18th 2020 - 18:55 UTC
Falklands Government unveils comprehensive COVID-19 support package

The Falkland Islands Government announced on Friday a suite of new measures to assist businesses, private sector employees and households as they adjust to the economic effects of the COVID-19 Pandemic.
Saturday, April 18th 2020 - 08:56 UTC
Overwhelmed by the pandemic, Ecuador on the cliff of a US$ 17bn default

The coronavirus outbreak in Ecuador is increasing pressure on President Lenin Moreno to default on US$ 17 billion in debt and devote more resources toward fighting a pandemic that has left bodies in the streets of the nation’s largest city.
Friday, April 17th 2020 - 09:59 UTC
Argentina sets out its debt restructuring proposal to private creditors with a sizeable cut (62%) of interest payments

Argentina sketched out its debt restructuring proposal to international creditors on Thursday, involving a three-year grace period, large coupon cuts and a smaller reduction in capital, as it looks to win over bondholders to a deal.
Friday, April 17th 2020 - 09:58 UTC
The Falklands' tourist season that fell off the cliff

The 2019/20 tourist season is likely to be remembered as, “the one that fell off the cliff in March,” summed up Falkland Islands Tourist Board Executive Director Steph Middleton this week. But despite the impact of the pandemic it wasn’t all bad up until then confirmed, Mrs. Middleton and other industry members.
Friday, April 17th 2020 - 09:42 UTC
China's economy contracts 6,8% in Jan/March quarter, first time since 1992

China’s economy shrank for the first time since at least 1992 in the first quarter, as the coronavirus outbreak paralyzed production and spending, raising pressure on authorities to do more to stop mounting job losses.