Economy

• Friday, December 6th 2019 - 09:10 UTC

  Argentina: Surveys indicate 40.8% of the population lives below the poverty line

  

  A third of Argentine homes and 40.8% of people were below the poverty line at the end of the third quarter according to the Social Debt Observatory from the Argentine Catholic University, UCA, which regularly releases the data.

• Friday, December 6th 2019 - 08:52 UTC

  Brazilian government optimistic about reforms and the economy's performance forecast

  

  The Brazilian government’s commitment to getting public finances in order and maintaining strict fiscal discipline will lead to the country’s sovereign credit rating being upgraded, Treasury Secretary Mansueto Almeida said on Thursday.

• Thursday, December 5th 2019 - 09:54 UTC

  Argentine next economic team seems to be closely inspired by Stiglitz' policies

  

  Argentina's incoming cabinet has already been chosen and will be revealed on Friday, President-elect Alberto Fernandez said, while his team confirmed a few major picks, including the incoming foreign minister, chief of staff and some names from the economic team.

• Thursday, December 5th 2019 - 09:04 UTC

  With 3.6% jobless rate, Trump plans to cut food stamp program; “we need everyone who can work, to work”

  

  The Trump administration said on Wednesday it will make it harder for states to keep residents in the U.S. food stamp program in a move that is projected to end benefits for nearly 700,000 people.

• Thursday, December 5th 2019 - 08:54 UTC

  Argentina's central bank chief Guido Sandleris resigns ahead of the new government

  

  Argentina central bank chief Guido Sandleris resigned on Wednesday, an expected step as Latin America’s third-largest economy transitions to Peronism next week under newly elected President Alberto Fernandez.

• Wednesday, December 4th 2019 - 09:48 UTC

  Beijing's gift to El Salvador for Taiwan cut off: Stadium, library, water plants

  

  China has agreed to pay for a new national stadium and library in El Salvador as part of an infrastructure package promised to the country after it switched allegiance from Taiwan to Beijing.

• Wednesday, December 4th 2019 - 09:40 UTC

  Brazil celebrates: 0.6% expansion in third quarter: rebound of agriculture and industry

  

  Brazil's economy expanded in the third quarter at its fastest pace since early last year, official data showed on Tuesday, with 0.6% growth over the previous quarter driven by a strong performance in agriculture and a sharp rebound in the industry.

• Wednesday, December 4th 2019 - 09:20 UTC

  Huge national strike challenges Macron's pension system overhaul

  

  Trains cancelled, schools closed: France scrambled to make contingency plans on Tuesday for a huge strike against pension overhauls that poses one of the biggest challenges yet to President Emmanuel Macron's sweeping reform drive.

• Tuesday, December 3rd 2019 - 09:45 UTC

  Brazilian unemployment statistically stable at 11.6% in the Aug/Oct quarter

  

  Brazil's unemployment rate fell to 11.6% in the quarter ending in October, from 11.8% in the quarter ending in July, the country's Institute of Geography and Statistics (IBGE) announced. The rate also fell slightly, compared with the same period of 2018 when it was at 11.7%.

• Tuesday, December 3rd 2019 - 08:52 UTC

  US react to French digital services tax threatening with duties on champagne and cheese

  

  The U.S. government on Monday said it may slap punitive duties of up to 100% on US$2.4 billion in imports from France of Champagne, handbags, cheese and other products, after concluding that France’s new digital services tax would harm U.S. tech companies.