Economy

Thursday, April 9th 2020 - 09:04 UTC
UN Security Council meets to discuss pandemic, urged by non permanent members

After weeks of disagreement - especially between the United States and China - the UN Security Council will meet on Thursday to discuss the coronavirus pandemic for the first time.
Thursday, April 9th 2020 - 08:48 UTC
February's services sector confirms Brazil is heading for recession

Services activity in Brazil shrank 1% in February, official figures showed on Wednesday, the biggest monthly fall in over 18 months and another sign Latin America's largest economy was already in go-slow mode before the coronavirus crisis erupted.
Thursday, April 9th 2020 - 08:45 UTC
Falklands' Sea Lion development delayed responding to oil market conditions

Rockhopper Exploration is responding to market developments by reducing staffing levels and activity related to the Sea Lion development in the offshore North Falkland basin. The company plans to maintain a smaller team, mainly focused on regulatory, fiscal and financial issues, pending a recovery in the external macro-environment.
Wednesday, April 8th 2020 - 12:17 UTC
The 14,7 million Euro coronavirus masks order that never reached Germany

Authorities in Germany have fallen victim to a multi-million-euro fraud involving masks much needed in the coronavirus pandemic, prosecutors said on Tuesday. North Rhine-Westphalia, Germany's most populous state and one of the hardest hit, paid 14.7 million euros for some 10 million masks in March only to discover they did not exist, according to prosecutors in Traunstein, Bavaria.
Wednesday, April 8th 2020 - 07:29 UTC
China unseats the US as the world leader in international patent filings

China last year became the world leader in international patent filings, unseating the United States which had held the top spot for more than four decades, the UN said on Tuesday. A record 265,800 international patent applications were filed last year, a hike of 5.2% from 2018, the World Intellectual Property Organization said in its annual report.
Tuesday, April 7th 2020 - 08:59 UTC
Argentina beef exports to the EU and China plunge

Market reports suggest that Argentine beef shipments to the European Union have reduced to almost zero amid the global coronavirus pandemic. Sales to China, the main buyer, have dropped below 2019 levels.
Tuesday, April 7th 2020 - 07:53 UTC
US markets bullish response to Trump's “Light at the end of the tunnel”

Hopes that the economy-crushing coronavirus pandemic might be easing sent Wall Street climbing sharply on Monday with all three main indices higher at the close of trading.
Tuesday, April 7th 2020 - 07:50 UTC
COVID-19 hits hard US economy, with millions of jobs lost, but the dollar remains king

The COVID-19 outbreak in the United States has caused millions of people to lose their jobs and brought the economy to its knees but it has not dethroned the American dollar. On the contrary, the currency has risen in value this year, gaining six percent from its lowest point reached in early March, according to the US dollar index, which measures the greenback's value against a basket of other currencies.
Tuesday, April 7th 2020 - 07:49 UTC
US warns China following the sinking of a Vietnamese fishing vessel near disputes islands

The United States on Monday warned China not to take advantage of the coronavirus pandemic to exert itself in the South China Sea after Vietnam said Beijing sank a trawler.
Monday, April 6th 2020 - 08:50 UTC
Argentina postpones payments of bonds issued under local law, some US$ 10bn

Argentina is postponing payments on up to US$ 10 billion debt (interests and capital) that was issued under local law until the end of the year, the government said in a decree late on Sunday, in a bid to relieve pressure over looming foreign currency payments.