Economy

Sunday, February 9th 2025 - 19:38 UTC
Brazil’s interest rate raised to 13.25% and further increases forecasted

Brazil's central bank raised its benchmark interest rate, Selic, by 100 basis points for the second straight meeting last Wednesday and anticipated another similar hike in March, concerned about mounting inflationary pressures.
Sunday, February 9th 2025 - 19:28 UTC
BoE chair fears “fragmentation of world economy” if Trump abandons IMF and World Bank

The Governor of the Bank of England Andres Bailey has urged continued US support for two major global economic institutions. According to a piece published by BBC, Mr. Bailey said he was “following extremely closely” whether the Trump administration would change its support for the International Monetary Fund (IMF) and the World Bank.
Sunday, February 9th 2025 - 19:04 UTC
BoE cuts rate to 4.50% but slashed UK growth to 0.75% and ups inflation estimate to 3.5%

The Bank of England last Thursday cut interest rates 25 percentage points to 4,50%, but at the same time slashed its growth forecast for the year and warned the near-term outlook for the economy had become complicated.
Saturday, February 8th 2025 - 09:46 UTC
Brazil’s industry posts 3.1% output increase in 2024

According to a report released by Brazil's Institute of Geography and Statistics (IBGE) this week, South America's largest country's industrial production closed out 2024 with a 3.1% from 2023's figures. These results, driven by rising employment and income, were the third-highest annually in the last 15 years.
Friday, February 7th 2025 - 09:18 UTC
Bolivian meat producers declare emergency after export ban

The Bolivian government's ban on beef exports represents daily losses of approximately US$ 500,000 for the country's cattle farmers, warned Thursday the National Chamber of Exporters of Bolivia (Caneb). The suspension was announced by Productive Development Minister Néstor Huanca, citing the need to regulate supply and reduce the price of meat in the domestic market.
Friday, February 7th 2025 - 09:04 UTC
Argentina: BCRA REM report foresees 2.3% CPI in January

Argentine Central Bank's (BCRA) monthly Market Expectations Outlook (REM) released Thursday foresaw January's Consumer Price Index (CPI) would stand at 2.3%. Back in December 2024, the REM expected it to be 2.5%.
Friday, February 7th 2025 - 07:13 UTC
Brazil needs to purchase 3,5 million tons of wheat, despite higher yields in domestic production, says CEPEA

Wheat production 2024/2025 in Brazil fell by 2.6% compared to the previous year, with the National Supply Company (Conab) forecasting a harvest of 7.89 million tons in 2024. This also represents an 11.9% reduction in the cultivated area, which shrank to 3.06 million hectares.
Friday, February 7th 2025 - 06:40 UTC
Falklands Pension Scheme, board member vacancy for employee representative

The Falkland Islands Pensions Scheme (FIPS) operates under the direction of a Pensions Board, whose Trustees are appointed by the Governor. Expressions of interest are now being sought from any persons who would like to serve on the Board of Trustees as an Employee Representative.
Thursday, February 6th 2025 - 13:19 UTC
EU juggling options for if or when Trump imposes tariffs

Given US President Donald Trump's tariffs imposition spree that has already hit Mexico, Canada, and China, the European Union (EU) is considering retaliatory measures should these threats materialize. The European Commission is considering using the “anti-circumvention instrument” (ACI), which allows restrictions in response to coerci⁷ve trade actions by other countries.
Thursday, February 6th 2025 - 10:07 UTC
Brazil: Coffee price expected to remain high

The Brazilian Coffee Industry Association (ABIC) said it expects prices to continue rising in the coming weeks, at least until this year's harvest, which begins around April or May, due to recent adverse weather coupled with increasing global consumption boosted by exports to the newest customer: China.