Economy

Saturday, August 8th 2020 - 08:15 UTC
July inflation in Brazil, 0,36%, only transport, fuel and housing increased

Brazilian inflation in July rose the most in four years, figures showed on Friday, driven by fuel and housing costs, although the annual measure remained significantly below the central bank’s year-end target. The IPCA index rose 0.36% in July, government statistics agency IBGE said.
Saturday, August 8th 2020 - 08:00 UTC
Falklands targets a 3% yearly population growth and doubles permanent residence permits

The Falkland Islands Executive Council has agreed to double the yearly quota of permanent residence permits (PRP) to 90. According to a paper published last week, the figure has been set to target a 3% yearly population growth.
Saturday, August 8th 2020 - 07:20 UTC
Brazil estimates record soybean crop of 130,5 million tons in 2021; wheat imports could climb to 7,3 million tons

Brazilian soybean production is expected to increase some five million tons in the 2020/21 harvest to a record 130,5 million tons, according to Daniel Amaral, chief economist of the Brazilian Association of Vegetable Oil Industries (Abiove). Based on this crop oilseed exports could reach 80 million tons in 2021, while domestic crushing could reach a new annual record of 45 million tons.
Friday, August 7th 2020 - 09:25 UTC
Argentina planning for a new program agreement with the IMF by end of March

Argentina aims to reach a deal with the International Monetary Fund over a new financing program before the end of March, a time frame that Fund veterans say is realistic if both sides show commitment. The news was reported by the economic media from Buenos Aires.
Friday, August 7th 2020 - 08:31 UTC
Argentina and China renew US$ 18 billion swap; Beijing will pay for agriculture imports in Yuan

The central bank of Argentina announced it will renew a currency cooperation agreement with the People's Bank of China to swap US$ 18.2 billion worth of each other's currencies next week, El Economista reported on Friday.
Friday, August 7th 2020 - 07:41 UTC
Falklands extends Covid-19 support schemes for two months until September 30

The Falkland Islands Executive Council approved the extension of the employment/self-employment, job retention, unemployment subsidy and direct grant schemes which were introduced in response to the Covid-19 pandemic, and are currently being administered by the Treasury and FIDC.
Thursday, August 6th 2020 - 09:24 UTC
Brazil's aircraft manufacturer Embraer, reports losses of US$ 315 million

Brazilian aircraft manufacturer Embraer reported second-quarter losses of US$ 315 million on Wednesday, as sales plunged due to the coronavirus pandemic and a proposed joint venture with Boeing collapsed.
Thursday, August 6th 2020 - 09:19 UTC
Brazil's central bank cuts Selic lending rate to a record low of 2%

Brazil's central bank cut its key Selic lending rate to a record low on Wednesday and left the door open for more cuts, as the outlook for inflation remains below target amid the impact of the coronavirus pandemic on the economy.
Wednesday, August 5th 2020 - 08:56 UTC
Argentina reaches an agreement with majority of creditors and looks to convince the undecided

Argentina has reached an agreement with creditors to restructure around US$ 65 billion in sovereign debt, breaking a deadlock in talks that will help the country climb out of default and banish fears of a damaging and protracted legal standoff.
Wednesday, August 5th 2020 - 08:55 UTC
Argentina deal with bondholders was at 54,8 cents to the dollar; next step IMF negotiations

Argentina is battling to escape from a messy ninth sovereign default as it firefights recession, stubborn inflation, and increasingly wary investors. The country announced on Tuesday it had reached an agreement with creditors to restructure around US$ 65 billion in foreign debt, breaking a deadlock over recent weeks and setting the stage for a formal deal later this month.