Economy

Thursday, August 22nd 2019 - 18:51 UTC
Brazil central bank anticipates that there is scope to further cut interest rates

Brazilian central bank president Roberto Campos Neto said on Wednesday that the balance of economic risks and increasingly benign inflation means there is scope to cut interest rates further.
Thursday, August 22nd 2019 - 16:26 UTC
Argentina will support the Peso with international reserves

Argentina will not allow a chaotic fall in the peso and will use its dollar reserves to bolster the currency against political uncertainty that has swept the country since the Aug. 11 primary election, Treasury Minister Hernan Lacunza said on Wednesday.
Thursday, August 22nd 2019 - 09:56 UTC
Bolsonaro suggests green groups started the blaze in the Amazon to blame him

Wildfires in the Amazon rainforest in northern Brazil have ignited a firestorm on social media, with President Jair Bolsonaro on Wednesday suggesting green groups started the blazes. Images of fires purportedly devouring sections of the world's largest rainforest have gone viral on Twitter.
Thursday, August 22nd 2019 - 09:55 UTC
Argentina default “possible”, but not “probable”, says credit rating agency Fitch

Argentina could be downgraded again by Fitch Ratings if further weakness in the Peso boosts the risk of default, the agency’s head of sovereign ratings said in an interview. Argentina has issued billions of dollars worth of bonds denominated in U.S. currency.
Thursday, August 22nd 2019 - 09:44 UTC
IMF wants to lead the way in retirement and pensions reform

The International Monetary Fund's board on Wednesday recommended a rule change that would scrap the age limit for its leader, clearing the path to the top job for Bulgaria's Kristalina Georgieva.
Thursday, August 22nd 2019 - 09:03 UTC
US professional diplomats question Trump/Pompeo policy focus and foreign aid cuts

The ranks of the United States' foreign policy establishment are being roiled once again by resignations, reports of partisan intimidation in the midst of looming massive cuts in foreign aid that critics in Congress and elsewhere contend weaken American diplomacy worldwide.
Wednesday, August 21st 2019 - 09:56 UTC
Stabilizing the Peso, priority of the new Argentina finance minister; markets still unconvinced

Argentina's new finance minister made stabilizing the country's battered currency his top priority on Tuesday, while still pledging to meet commitments made to the International Monetary Fund, which is sending a team to Buenos Aires.
Wednesday, August 21st 2019 - 09:52 UTC
Brazil tightens controls over money laundering and illicit financial activities

The Brazilian government on Tuesday issued a decree moving the Financial Activities Control Board (Coaf), which monitors nefarious financial activity such as money laundering, into a new Financial Intelligence Unit under central bank control.
Wednesday, August 21st 2019 - 09:48 UTC
The word that begins with “R” that scares Donald Trump

United States President Donald Trump on Tuesday insisted that recession - a potentially dangerous blow to his re-election next year - is not in the cards. But he indicated he's preparing just in case.
Wednesday, August 21st 2019 - 09:42 UTC
UK program to help boost trade facilitation and export programs

A new trade facilitation program will support Brazilian businesses to export, which will help boost trade with countries including the UK. The £20 million program will work with existing export promotion and trade facilitation programs across Brazil to help bring businesses of all sizes to international markets.