Economy

• Tuesday, April 16th 2019 - 08:59 UTC

  Credit risk agencies lower Brazil's growth estimates for 2019

  

  JPMorgan Chase & Co and Barclays became the latest financial institutions to lower their estimates for Brazil’s economic growth this year, on the back of weak activity data and increased political uncertainty.

• Tuesday, April 16th 2019 - 08:31 UTC

  Brazil's Real and Petrobras shares recover on Monday trading

  

  Brazil's Real and shares rose on Monday, recovering after declines last week, while the currencies of oil exporters such as the Mexican and Colombian pesos weakened as crude prices dipped.

• Tuesday, April 16th 2019 - 06:37 UTC

  Diesel emissions scandal: Volkswagen's ex CEO charged in Germany

  

  The former chief executive of the carmaker Volkswagen has been charged in Germany over his involvement in the company's diesel emissions scandal. The public prosecutor in Braunschweig charged Martin Winterkorn and four other managers with fraud. VW said it would not comment on the indictments.

• Monday, April 15th 2019 - 09:34 UTC

  Brazil fuel-price controversy: Minister Guedes confident he can convince Bolsonaro and overcome the situation

  

  Brazilian Economy Minister Paulo Guedes said he’ll clear up any confusion from President Jair Bolsonaro’s decision to halt a planned fuel-price hike by Petrobras.

• Monday, April 15th 2019 - 09:17 UTC

  Canada suspended direct aid to Nicaragua in 2018 in response to human rights violations

  

  The Canadian government said on Sunday it suspended financial aid to Nicaragua last year in response to human rights violations - a decision not publicly disclosed until now.

• Sunday, April 14th 2019 - 08:04 UTC

  Cambridge Centre for Alternative Finance launches collaboration network in Chile

  

  A group of UK experts visited Santiago during March 2019 to inaugurate a fintech collaboration network with the United Nations Economic Commission for Latina America and the Caribbean (UNECLAC). This was an outcome of an intense agenda of activities carried out in Chile last October by the Cambridge Centre for Alternative Finance, (CCAF).

• Saturday, April 13th 2019 - 07:53 UTC

  Hammond admits the idea of a second Brexit referendum is very likely

  

  The idea of a second Brexit referendum is very likely to be put before Britain's parliament again although the government remains opposed to any new plebiscite, the British finance minister said on Friday.

• Saturday, April 13th 2019 - 07:44 UTC

  Bolsonaro prepares to open Amazon reserve to mining: pledges no bureaucratic impediments

  

  Brazilian President Jair Bolsonaro said on Friday the country could open a vast reserve in the Amazon rainforest to mining, a move attempted by his predecessor that was quickly rescinded following an international environmental outcry.

• Saturday, April 13th 2019 - 07:25 UTC

  World Bank grant for Colombia to help deal with Venezuelan refugees

  

  Colombia will receive a US$ 31.5 million grant to help deal with the flood of refugees from neighbouring Venezuela, the World Bank announced on Friday Colombia has received about a third of 3.7 million refugees who have fled the worsening crisis in Venezuela in recent years - the most dramatic and fastest exodus in the world after war-torn Syria, according to the United Nations.

• Saturday, April 13th 2019 - 07:09 UTC

  France calls for more Euro solidarity, otherwise the EU project is “unsustainable”

  

  Widening differences over economic policy among Euro area countries are “unsustainable” and could undermine the currency union itself, French Finance Minister Bruno Le Maire said on Friday.“There isn't enough solidarity in the Euro-zone,” Le Maire told reporters on the sidelines of the International Monetary Fund and World Bank Spring meetings.