Economy

• Thursday, February 27th 2020 - 08:49 UTC

  Brazilian markets reopen to a shock and the Real weakens to a new low

  

  Brazil's Real touched a record low on Wednesday as traders returned from the Carnival holiday only to be alarmed by concerns about the spread of the new coronavirus after Sao Paulo confirmed its first case. The Real weakened 1.1% to 4.4470 against the dollar, as it led declines among other Latin American currencies.

• Thursday, February 27th 2020 - 08:15 UTC

  The Challenges of Argentina’s Debt Renegotiation

  

  By Jose Antonio Ocampo (*) – By affirming that Argentina's public-sector debt is unsustainable, the International Monetary Fund has taken a critical step toward resolving the country's long-running crisis. Moving forward, one hopes that the Fund will realize its own role in the latest crisis and follow its own advice on when to pursue capital-market liberalization.

• Thursday, February 27th 2020 - 07:59 UTC

  UN: A third of Venezuelans with no access to minimum nutrition requirements

  

  About 9.3 million Venezuelans don’t have access to enough food to meet minimum nutrition requirements, according to a study from the United Nations.

• Thursday, February 27th 2020 - 07:57 UTC

  Mild recovery of Argentine industrial activity during January

  

  The argentine industrial activity stopped sliding last January after two full years of contraction and managed a 4.8% growth over a year ago, according to the latest review of the industry by the Foundation of Latin American economic research, FIEL. However, the overall Industrial Production Index ended the twelve months of 2019 with a 4.6% fall compared to 2018.

• Thursday, February 27th 2020 - 07:50 UTC

  Argentine farmers with a “deep sense of deception”, ahead of grains export tariffs

  

  Argentina's Ministry of Agriculture suspended on Wednesday the registration of agricultural exports until further notice, it said in a statement, a move that traders said likely foreshadowed a steep increase in grains export tariffs.

• Thursday, February 27th 2020 - 07:01 UTC

  UNWTO & WHO: Joint Statement on Tourism and Coronavirus COVID-19

  

  As the current outbreak of the Coronavirus Disease (COVID-19) continues to develop, the World Health Organization (WHO) and the World Tourism Organization (UNWTO) are committed to working together in guiding the travel and tourism sectors’ response to COVID-19.

• Wednesday, February 26th 2020 - 09:38 UTC

  Sour relations: EU ministers warn London must respect treaty that eased terms of Brexit

  

  EU ministers gathering on Tuesday to adopt a joint negotiating stance on future ties with Britain warned London it must first respect a treaty struck last year that eased the terms of its Brexit. They also stressed that mirroring EU standards will be crucial for British goods to be allowed tariff-free access to the huge European single market.

• Tuesday, February 25th 2020 - 06:40 UTC

  Goldman Sachs facing charges in Malaysia for misleading investors on a US$ 6,5bn bond sale

  

  Three units of Goldman Sachs pleaded not guilty to charges of misleading investors regarding US$6.5 billion in bond sales that the U.S. investment bank helped raise for state fund 1Malaysia Development Berhad (1MDB), Bernama state news agency reported on Monday.

• Monday, February 24th 2020 - 07:59 UTC

  Argentina will allow IMF to inspect its accounts under Article IV consultations

  

  Argentina agreed to start consultations with the International Monetary Fund that could lead to a new financing program, days after the global lender said the country’s debt situation had become “unsustainable”.

• Monday, February 24th 2020 - 07:10 UTC

  Warren Buffett recommends 'shareholder-loyal pit bulls and not cocker spaniels' in corporate America boards

  

  Warren Buffett called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief executive officers, perhaps by reducing their pay and requiring that they buy more stock.