Economy

• Thursday, October 31st 2019 - 09:49 UTC

  Brazil cuts benchmark interest rate to an all time low of 5%; inflation running below target

  

  Brazil's central bank cut its benchmark interest rate to a new all-time low of 5.00% on Wednesday as expected, but signaled that further easing may be less aggressive than it has been in recent months, despite inflation running well below target.

• Thursday, October 31st 2019 - 09:01 UTC

  Fed lowers benchmark by a quarter point: third cut in four months

  

  The US central bank has cut interest rates again, hoping to shield the economy from the impact of trade wars and a global slowdown. The Federal Reserve lowered the target for its benchmark rate by a quarter-point, to a range of 1.5% to 1.75%. The move was the third cut in four months.

• Thursday, October 31st 2019 - 08:51 UTC

  New ECB chief calls on budget surplus countries to spend more and help prop growth

  

  Incoming European Central Bank chief Christine Lagarde on Wednesday took aim at Germany and other thrifty Eurozone members running budgetary surpluses, saying they should increase their spending to shore up slowing growth.

• Wednesday, October 30th 2019 - 10:30 UTC

  Fernandez names transition team; markets expecting economy names and policies

  

  Argentina's president-elect Alberto Fernandez pledged to lead the country in a new direction on Tuesday amid a “difficult” domestic backdrop, as financial markets jumped around with investors grasping for any signs of the Peronist's future plans.

• Wednesday, October 30th 2019 - 09:27 UTC

  Brazilian food processor expands in Saudi Arabia with chicken plant

  

  Brazilian food processor BRF SA on Tuesday announced an agreement to invest around US$ 120 million to build its first chicken processing plant in Saudi Arabia in a bid to strengthen its position in a key growth market.

• Wednesday, October 30th 2019 - 09:20 UTC

  Falklands wildlife and tourism promoted by French news agency

  

  Waddling up the beach in single file, their heads held high with an almost self-important demeanor, king penguins are a major draw in the Falkland Islands' tourism industry. Their fluffy brown chicks are nearly fearless of humans, meaning tourists at Volunteer Point, a peninsula on East Falkland Island might get almost close enough to touch one.

• Tuesday, October 29th 2019 - 19:04 UTC

  Start date for new flights between the Falkland Islands and São Paulo

  

  LATAM Airlines Brazil’s new weekly flight between the Falkland Islands and São Paulo will begin operating on 20 November 2019. This service will allow passengers to make onward connections to multiple destinations in South and North America, Europe, Africa and Asia.

• Tuesday, October 29th 2019 - 08:09 UTC

  Bolsonaro in Arab countries: signs agreements in Abu Dhabi and will address economic forum in Riyadh

  

  The United Arab Emirates and Brazil signed several agreements on Sunday during President Jair Bolsonaro's visit to Abu Dhabi, which marks his first official trip to the Arab world. He arrived in the UAE on Saturday and is set to head to Qatar and Saudi Arabia, where he will take part in the Future Investment Initiative.

• Tuesday, October 29th 2019 - 08:04 UTC

  Germany and France laud outgoing ECB president Dragui for defending “the European dream”

  

  French President Emmanuel Macron and German Chancellor Angela Merkel on Monday lauded Mario Draghi for defending “the European dream” in the face of opposition as he handed over a divided ECB to Christine Lagarde.

• Tuesday, October 29th 2019 - 07:36 UTC

  Brazil, expectations of new lows for inflation and interest rates

  

  Brazilian inflation and interest rate expectations for next year have fallen to new lows, according to a central bank survey of economists published on Monday, strengthening the view that monetary policy will be loosened further in the months ahead.