Economy

Tuesday, April 14th 2020 - 19:31 UTC
IMF: Uruguay's economy will fall 3% in 2020; Latin America's, 5.2%

According to the estimates of the International Monetary Fund (IMF), the Uruguayan economy will decrease by 3% this 2020. The “great closure” has been how the international body has defined, as the title of its World Economic Outlook, government measures against the global pandemic caused by the COVID-19.
Tuesday, April 14th 2020 - 18:52 UTC
“Good supply” in Falklands' supermarkets and of domestic fuel products

The government of the Falkland Islands in a regular assessment of supplies and domestic fuel products said that the situation are “in good supply and no problems are foreseen”.
Tuesday, April 14th 2020 - 08:53 UTC
US controversy as to who decides reopening the economy and lifting ”stay at home”

President Donald Trump said on Monday it was his decision when to reopen the U.S. economy, not that of state governors, but legal experts disagree and governors are going their own way.
Tuesday, April 14th 2020 - 08:40 UTC
A Brazilian industry COVID-19 hasn't stopped: deforestation in the Amazon

Deforestation in Brazil’s Amazon rainforest rose in March, government data showed on Friday, indicating that illegal loggers and land speculators have not stopped destroying the forest with the onset of the coronavirus outbreak.
Tuesday, April 14th 2020 - 07:48 UTC
Exxon raises US$ 9,5bn to bolster its finances; shares have lost 38%

Exxon Mobil Corp on Monday raised US$ 9.5 billion in new debt, with the largest U.S. oil producer seeking to bolster its finances while debt markets remain open to new deals.
Monday, April 13th 2020 - 12:22 UTC
Latam Brazil CEO: “We expect demand to return to pre-crisis levels in two to three years”

In a general sense, airlines around the world have already realized the short-term effects and the best way to survive the coronavirus crisis. Now, another vital question faces the industry: how demand for air travel will behave after the pandemic is under control?
Monday, April 13th 2020 - 10:54 UTC
Oil prices recover modestly following a historic deal by world's largest producers

Oil prices jumped on Monday after swinging wildly in early trading as investors weighed whether a historic deal by the world’s biggest producers to cut output would be enough to steady a market pummeled by the coronavirus.
Monday, April 13th 2020 - 10:30 UTC
EU agrees massive emergency Euros 500bn fund; Germany says “nein” to mutual guaranteed coronabonds

European Union finance ministers have agreed on a massive emergency package designed to ensure that member-states hit hard by the coronavirus pandemic will have the necessary resources to rebuild their economies.
Monday, April 13th 2020 - 10:15 UTC
Mexico has its oil protected by a sovereign hedge ensuring against low prices

While Mexico and Saudi Arabia fought over a deal to bring the oil-price war to an end, Mexico has a powerful defense: a massive Wall Street hedge shielding it from low prices. The Mexican sovereign oil hedge, which ensures the country against low prices and is considered a state secret, is a factor that may make the country less inclined to accept the OPEC+ agreement.
Monday, April 13th 2020 - 10:05 UTC
On Easter Sunday, US death toll surpasses 22.000; May first, tentative date for relaxing stay at home restrictions

Americans spent Sunday on lockdown as the US toll from the COVID-19 pandemic surpassed 20,000 deaths and more than half a million confirmed cases. With almost all the country under stay-at-home orders to curb the spread of the disease, many turned to online church services to mark the holiest day in the Christian calendar.