Tag: crisis

• Thursday, April 30th 2020 - 07:28 UTC

  Fed admits public health situation will “weigh heavily on economic activity, jobs and inflation”

  

  The Federal Reserve on Wednesday left interest rates near zero and repeated a vow to do what it takes to shore up the U.S. economy amid an ongoing coronavirus pandemic that will not only “weigh heavily” on the near-term outlook but poses “considerable risks” for the medium term as well.

• Wednesday, April 29th 2020 - 09:41 UTC

  Uruguay and Argentina presidents discuss the future of Mercosur

  

  Uruguayan president Luis Alberto Lacalle Pou and his Argentine peer, Alberto Fernandez held a half-hour video conference Tuesday mid-morning to address the recent decision by the current Argentine administration to freeze Mercosur free trade negotiations with potential new partners and instead concentrate efforts in overcoming the COVID-19 pandemic and its sanitary, social, economic and employment consequences.

• Monday, April 27th 2020 - 07:45 UTC

  Collapse of Boeing deal plunges Brazilian plane maker Embraer into an uncertain future

  

  Brazilian planemaker Embraer SA has been thrust into an uncertain future with no immediate plan B, while not ruling out seeking a bailout after Boeing Co jettisoned a US$ 4.2 billion commercial aerospace tie-up amid the coronavirus crisis.

• Monday, April 20th 2020 - 07:37 UTC

  Brazilian central bank estimates economy will begin to recover in the fourth quarter

  

  Brazil's central bank president Roberto Campos Neto said this weekend that Latin America's largest economy will begin to recover from the coronavirus crisis in the fourth quarter, according to an interview in local media.

• Wednesday, March 25th 2020 - 08:56 UTC

  Pandemics: Bolsonaro and governors clash over priorities, the economy and jobs or public health

  

  Brazil's largest city of Sao Paulo began fifteen days of lockdown to fight the spread of the coronavirus on Tuesday. This after Brazil's own president, Jair Bolsonaro, has faced fierce criticism for his blasé treatment to combat the threat, which he describes as a quote “little flu.”

• Saturday, February 1st 2020 - 08:55 UTC

  Pope Francis and president Alberto Fernandez examined Argentine problems

  

  A smiling Pope Francis welcomed the new president of Argentina, Alberto Fernández, to the Vatican on Friday morning and then spoke with him in a private audience for 45 minutes, signaling that good relations exist between the two leaders and suggesting that this could perhaps open the door for the pontiff’s first visit to his homeland since his election—though the president later said they did not discuss this.

• Tuesday, December 17th 2019 - 09:47 UTC

  Strong warning from Chilean cruise industry representatives to port officials

  

  Chilean cruise operators have sent a letter to the administrators of the port of San Antonio warning that if the intermittent service stoppages continue the companies they represent will have to take drastic measures. The current social turmoil and upheaval which has expanded to most of the country are distorting the normal functioning of the economy.

• Monday, November 18th 2019 - 09:58 UTC

  Bolivian surrounded cities running out of fuel and food; government attempts a supply air bridge

  

  Bolivians suffered long lines on the streets of La Paz on Sunday to secure chicken, eggs and cooking fuel as supporters of ousted President Evo Morales continued to cripple the country's highways, isolating population centers from lowland farms.

• Tuesday, October 22nd 2019 - 09:50 UTC

  Argentine central bank has lost some US$ 19.500 million in reserves since 11 August 

  

  Argentine central bank international reserves stand at US$ 46.885 million following on Monday's rescue of different maturing bonds and support in the local market to help stabilize the price of the US dollar. This demanded some US$ 600 million.

• Tuesday, October 1st 2019 - 09:55 UTC

  Argentina's recurring nightmare

  

  By Andrés Bello (*) - Argentine President Mauricio Macri seems almost certain to lose his country’s presidential election next month, after committing the same kinds of economic policy mistakes that so many of his Peronist predecessors made. It is a tragic and catastrophically disappointing denouement.