Economy

• Wednesday, March 17th 2021 - 09:05 UTC

  Brazilian economic activity recovers to pre-pandemic level

  

  Brazilian economic activity rose sharply in January, a central bank index showed on Monday, indicating that Latin America’s largest economy has not only recovered all its pandemic-related decline but is now back to the size it was over five years ago.

• Tuesday, March 16th 2021 - 09:53 UTC

  Argentina industrial output forecasted to increase 6% this year over 2020

  

  Argentina's Ministry of Development and Production anticipated that the country's industrial output should grow more than 6% this year compared to 2020. Economist Matias Kulfas said he expected Argentina's economy as a whole to expand 5% to 6% during the year, based on preliminary data and depending on how the novel coronavirus and vaccination campaign evolves and its impact on growth.

• Tuesday, March 16th 2021 - 09:14 UTC

  EU launches legal action against Britain over Northern Ireland and alleged Brexit accord breach

  

  The European Union launched legal action against Britain on Monday for unilaterally changing trading arrangements for Northern Ireland that Brussels says breach the Brexit divorce deal agreed with London last year.

• Monday, March 15th 2021 - 09:50 UTC

  Mercosur 26th March summit to be held on line, because of sanitary situation in the region

  

  The Mercosur face-to-face presidential summit scheduled for 26th March originally planned to take place in Argentina that currently holds the rotating chair of the block, will be held online because of the sanitary situation in the region.

• Monday, March 15th 2021 - 09:24 UTC

  A no deal of Argentina with IMF this year, not so bad after all according to Morgan Stanley

  

  International Investment Bank Morgan Stanley has shifted its long-held view on Argentina sovereign credit to “like,” as risks were flexed upside after a lot of bad news had been priced into bonds, including, increasingly, a delay to an IMF program and a further complication with the Club of Paris payment.

• Monday, March 15th 2021 - 08:53 UTC

  UK, Gibraltar/Spain international agreement of Taxation has entered into force

  

  The UK has ratified the International Agreement on Taxation and the Protection of Financial Interests between the United Kingdom of Great Britain and Northern Ireland and the Kingdom of Spain regarding Gibraltar.

• Saturday, March 13th 2021 - 08:59 UTC

  UK/EU post Brexit first month trade figures are not encouraging

  

  UK/European Union trade contracted in the first month of their new post-Brexit relationship, with record falls in British exports and imports of goods as COVID-19 restrictions continued on both sides.

• Saturday, March 13th 2021 - 08:05 UTC

  China represented 17% of the global economy in pandemic plagued 2020

  

  China's economic output is forecast to account for more than 17% of the world's economy in the coronavirus-plagued 2020. As the sole economy recording positive GDP growth last year, China will ramp up efforts and strive to achieve higher quality, more efficient, sustainable and safer development in 2021, a senior government official revealed in Beijing.

• Friday, March 12th 2021 - 17:58 UTC

  ECB keeps interest rates at historic low and pledges to step up bond buying

  

  The European Central Bank (ECB) on Thursday kept interest rates at historic lows and said it was stepping up its bond-buying stimulus in the coming months. The steps are aimed at halting what is regarded as a premature rise in borrowing costs in the 19 countries that use the Euro currency.

• Friday, March 12th 2021 - 13:43 UTC

  April 30, a critical date for when Falklands first squid catches are landed in Spain

  

  April 30 is a critical date for when the South Atlantic squid catches reach Vigo in Spain. It will also be a Brexit test since tariffs involving third countries such as the UK do not apply to catches from British waters, except for increased customs paperwork, but do apply for fish produce from British territories overseas.