Economy

Friday, June 5th 2020 - 08:29 UTC
Foreign investment returns to Brazil in May, first since July 2019

Brazil posted a net foreign exchange inflow of US$ 3.1 billion in May, central bank figures showed on Wednesday, its first net inflow since July last year.
Friday, June 5th 2020 - 08:25 UTC
Ecuador sovereign bond holders form a committee to begin negotiations

Holders of Ecuador sovereign bonds have formed a committee to hold talks with the country's government on a potential re-profiling of the country's external debt, the group said in a statement on Thursday.
Friday, June 5th 2020 - 08:09 UTC
British car sales remained in May at 90% their level a year ago

British car sales edged up in May after falling to their lowest since 1946 in April but still remained almost 90% below their level a year earlier as coronavirus restrictions limited sales.
Friday, June 5th 2020 - 08:03 UTC
Trump orders tighter accounting practices of China based companies listed in US markets

U.S. Secretary of State Mike Pompeo on Thursday warned American investors against fraudulent accounting practices at China-based companies and said the Nasdaq’s recent decision to tighten listing rules for such players should be “a model” for all other exchanges around the world.
Friday, June 5th 2020 - 07:39 UTC
EC increases Maritime and Fisheries Fund with €500 million

In a press conference, Virginijus Sinkevičius, European Commissioner for Environment, Oceans, and Fisheries, explained the Commission’s decision to increase the European Maritime and Fisheries Fund (EMFF) with €500 million.
Friday, June 5th 2020 - 07:31 UTC
Argentina auto industry rebounding gradually from zero production in April

The Argentine auto industry bottomed out in April, the first full month of the quarantine in force in the country since March 20. With all its factories closed since that day, not a single vehicle left the assembly lines, a catastrophe without historical precedent. But little by little, last week they came back to life under strict sanitary protocols, with only one shift per day and production at one-third of the installed capacity.
Thursday, June 4th 2020 - 18:11 UTC
Bitcoin Express offering a smooth ride as economies endure shaky 2020

“Get on the train.” That was the response from investment expert Michael Novogratz when asked about his thoughts on Bitcoin (BTC). With the world’s economy in turmoil heading into the second half of 2020, the crypto advocate said now is the time to invest. According to his metrics, BTC is poised to break another resistance level and, thus, raise its baseline average. For investors, that’s a positive sign. However, the latest hype seems to have more substance this time around.
Thursday, June 4th 2020 - 09:29 UTC
Beijing will allow more foreign carries to fly to China, following a threat from Trump

China said on Thursday it will allow more foreign carriers to fly into the mainland, shortly after Washington barred Chinese passenger carriers from flying to the United States citing Beijing's restrictions on American airlines.
Thursday, June 4th 2020 - 07:47 UTC
Qatar Airways pledge of support sends Latam Airlines stock soaring

Latam Airlines registered a significant rise Tuesday and Wednesday on the Santiago Stock Exchange, rising 37.63% and 16%, which is attributed to the support that its partner Qatar Airways, who owns 10% of the Chilean airline, disclosed.
Thursday, June 4th 2020 - 07:41 UTC
Falklands to ease restrictions on businesses currently closed due to Covid-19

The Falkland Islands Executive Council met on Wednesday and considered the matter of easing restrictions on those businesses currently being advised to stay closed due to Covid-19. Announcements on the issues will follow this week.