Economy

• Thursday, March 5th 2020 - 08:55 UTC

  Representatives of Argentine sovereign bond holders meet with minister Guzman

  

  Argentina’s minister of economy met with representatives of several major creditors, including asset management firm Pimco, a company executive and a ministry source said on Wednesday, as separate talks continued with the International Monetary Fund.

• Thursday, March 5th 2020 - 08:52 UTC

  IMF chief calls for an all-out response to the coronavirus epidemic serious threat

  

  IMF chief Kristalina Georgieva on Wednesday called for an all-out, “no regrets” response to the new coronavirus epidemic which poses a “serious threat” to the global economy.

• Thursday, March 5th 2020 - 08:46 UTC

  Frustrating Brazilian economic growth in 2019: less than half the forecast at the start of the year

  

  Brazil’s economy expanded by 1.1% in 2019, marking a third straight year of frustrating activity following a massive recession, according to data released on Wednesday.

• Thursday, March 5th 2020 - 08:15 UTC

  Boris Johnson clashes with the civil service in defending the Interior minister

  

  Three months after his triumphant re-election, British Prime Minister Boris Johnson is battling to save one of his top ministers from a bullying scandal that has exposed tensions at the heart of his government.

• Thursday, March 5th 2020 - 07:16 UTC

  Brazil to auction US$ 1 billion forex swaps on Thursday to boost the anemic Real

  

  Brazil’s central bank on Thursday will auction up to US$ 1 billion foreign exchange swaps contracts, it said on Wednesday, the latest FX market intervention in the face of the real’s 12% slide this year to a series of record lows against the dollar.

• Wednesday, March 4th 2020 - 07:44 UTC

  Argentina increases soybean exports tax 10%, from 30% to 33%: small farmers will pay less

  

  Argentina raised taxes on soybean exports to 33% from the current 30%, a spokesman for the CRA confederation of farmers said on Tuesday following a meeting with government officials.

• Wednesday, March 4th 2020 - 07:18 UTC

  US Treasury Secretary Mnuchin strongly supported Fed's decision to cut rates

  

  United States Treasury Secretary Steven Mnuchin told lawmakers on Tuesday that he supported the Federal Reserve’s decision to cut rates in a bid to support the economy amid the coronavirus outbreak.

• Wednesday, March 4th 2020 - 06:58 UTC

  Fed emergency intervention to address potential economic toll of the coronavirus outbreak

  

  The Federal Reserve on Tuesday cut interest rates amid concern about the potential economic toll of the coronavirus outbreak. The Federal Open Market Committee (FOMC), which sets Fed interest rates, announced it would cut its baseline rate range by 0.5 percentage points to a 1 to 1.25 percent spread.

• Tuesday, March 3rd 2020 - 08:37 UTC

  Weaker Brazilian currency helped boost exports during February

  

  Brazil posted a trade surplus of US$ 3.1 billion in February, official data showed on Monday, double expectations and a sign that the record low exchange rate may finally be starting to support exports.

• Tuesday, March 3rd 2020 - 08:30 UTC

  Argentina hires Lazard, Bank of America and HSBC for debt restructuring process

  

  Argentina’s government said on Sunday it had hired Lazard as financial advisor and Bank of America and HSBC as debt placement agents for the debt restructuring process it hopes to close by the end of March.