Economy

• Monday, April 20th 2020 - 06:51 UTC

  Norwegian Cruise Line exploring financial options including sale of a stake

  

  Norwegian Cruise Line Holdings Ltd has hired investment bank Goldman Sachs Group Inc to explore financing options that could include the sale of a stake in the company, according to a report filed by Reuters.

• Saturday, April 18th 2020 - 18:55 UTC

  Falklands Government unveils comprehensive COVID-19 support package

  

  The Falkland Islands Government announced on Friday a suite of new measures to assist businesses, private sector employees and households as they adjust to the economic effects of the COVID-19 Pandemic.

• Saturday, April 18th 2020 - 08:56 UTC

  Overwhelmed by the pandemic, Ecuador on the cliff of a US$ 17bn default

  

  The coronavirus outbreak in Ecuador is increasing pressure on President Lenin Moreno to default on US$ 17 billion in debt and devote more resources toward fighting a pandemic that has left bodies in the streets of the nation’s largest city.

• Friday, April 17th 2020 - 09:59 UTC

  Argentina sets out its debt restructuring proposal to private creditors with a sizeable cut (62%) of interest payments

  

  Argentina sketched out its debt restructuring proposal to international creditors on Thursday, involving a three-year grace period, large coupon cuts and a smaller reduction in capital, as it looks to win over bondholders to a deal.

• Friday, April 17th 2020 - 09:58 UTC

  The Falklands' tourist season that fell off the cliff

  

  The 2019/20 tourist season is likely to be remembered as, “the one that fell off the cliff in March,” summed up Falkland Islands Tourist Board Executive Director Steph Middleton this week. But despite the impact of the pandemic it wasn’t all bad up until then confirmed, Mrs. Middleton and other industry members.

• Friday, April 17th 2020 - 09:42 UTC

  China's economy contracts 6,8% in Jan/March quarter, first time since 1992

  

  China’s economy shrank for the first time since at least 1992 in the first quarter, as the coronavirus outbreak paralyzed production and spending, raising pressure on authorities to do more to stop mounting job losses.

• Thursday, April 16th 2020 - 11:10 UTC

  G20 supports temporary halt to debt payments by world's poorest nations

  

  The Group of 20 nations announced support on Wednesday for a temporary halt to debt payments by the world's poorest nations as they struggle to deal with the coronavirus pandemic.

• Thursday, April 16th 2020 - 11:04 UTC

  IMF fears social unrest could erupt if measures to mitigate pandemic are seen as unfair or insufficient

  

  New waves of social unrest could erupt in some countries if government measures to mitigate the coronavirus pandemic are seen as insufficient or unfairly favoring the wealthy, the IMF said in a new report on Wednesday.

• Thursday, April 16th 2020 - 10:47 UTC

  “Coronavirus diplomacy” awarded South Korea's ruling party a landslide victory

  

  South Korea's ruling party won a landslide victory in Wednesday's general election, partial results showed after the coronavirus pandemic turned the political tide in President Moon Jae-in's favor.

• Wednesday, April 15th 2020 - 13:55 UTC

  Brazilian agri-business exploring and confirming new markets

  

  Brazilian agriculture continues to penetrate the international market further. The month of March was marked by the opening of new markets for Brazilian products and the expansion of sales in other locations. Egypt, for example, has enabled 42 Brazilian establishments to supply meat – 27 for poultry and 15 for beef – in addition to the renewal of licenses for 95 companies – 82 for beef and 13 for poultry.