Economy

Monday, June 1st 2020 - 07:48 UTC
Brazil's plane manufacturer Embraer expects to obtain a US$ 600 million credit from government

Brazilian plane manufacturer Embraer SA, the world's third-largest commercial jet builder, should obtain US$600 million in credit lines from Brazil's state development bank BNDES and private banks in June, government sources said on Sunday.
Monday, June 1st 2020 - 07:40 UTC
Latam Brazil bailout could be delayed until at least July

LATAM Airlines Group's U.S. bankruptcy filing last week will delay its potential bailout in Brazil to at least July and also push back aid to its rivals at least through the end of June.
Monday, June 1st 2020 - 06:59 UTC
Pope Francis said “healing people, not saving money to help the economy is more important”

Pope Francis said on Sunday that people are more important than the economy, as countries decide how quickly to reopen their countries from coronavirus lockdowns. The Pope made his comments, departing from a prepared script, at the first noon address from his window overlooking St Peter's Square in three months as Italy's lockdown drew to an end.
Saturday, May 30th 2020 - 08:51 UTC
Argentina admits “more favorable” proposals from creditor groups

Argentina received a debt restructuring proposal from two creditor groups a step in the right direction, Economy Minister said on Friday. Nevertheless, it still fell short of what the country needed to strike a deal.
Saturday, May 30th 2020 - 08:14 UTC
US-UK clash at UN with China over controversial law for Hong Kong

President Donald Trump said on Friday he would strip several of Hong Kong's special privileges with the United States and bar some Chinese students from US universities in anger over Beijing's bid to exert control in the financial hub.
Saturday, May 30th 2020 - 07:45 UTC
Trump orders a probe into Chinese companies listed in US financial markets

US President Donald Trump on Friday ordered a probe into the actions of Chinese companies listed on American financial markets as tensions flared anew between the world's two biggest economies.
Saturday, May 30th 2020 - 07:42 UTC
Spain to begin handing out a basic income scheme benefitting 850.000 homes

Spain's leftwing government approved a minimum basic income scheme on Friday to tackle a spike in poverty stemming from the virus crisis that has forced many families to rely on food aid.
Friday, May 29th 2020 - 08:50 UTC
Foreigners reduced holdings of Brazilian bonds: market turmoil and political uncertainty

Foreigners reduced their holdings of Brazilian bonds in April to the lowest since 2009, figures on Wednesday showed, against the backdrop of rising financial market turmoil fueled by the coronavirus crisis and domestic political uncertainty.
Friday, May 29th 2020 - 08:45 UTC
Peruvian mining sector activity expected to fall by 15% this year

Production in Peru’s mining sector will fall by at least 15% this year, representing a loss in revenues of up to US$ 5 billion, due to disruptions caused by the coronavirus pandemic, a top mining executive said on Wednesday.
Friday, May 29th 2020 - 08:43 UTC
EU admits a post Brexit fisheries agreement with Britain can be achieved

The EU is willing to shift its stance on fisheries in negotiations with Britain next week, in what would be the first major concession from the bloc in talks on their new relationship after Brexit.