Tag: economy

• Tuesday, June 25th 2019 - 09:21 UTC

  In an open letter, US super rich want to pay higher taxes

  

  Some of America's richest people are urging US presidential candidates to back a wealth tax on the super-rich to improve inequality and climate change. “America has a moral, ethical and economic responsibility to tax our wealth more,” they said in a letter.

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• Saturday, June 22nd 2019 - 09:39 UTC

  The Economist: “Despite turmoil, Brazil is starting to fix its pension system”

  

  Jair Bolsonaro, Brazil’s president, likes romantic metaphors. “Our marriage is stronger than ever,” he said in May after the press speculated that he was at odds with the economy minister, Paulo Guedes. “The marriage ended with no hard feelings,” he said this month after sacking Carlos Alberto dos Santos Cruz, a minister who had said that others in government should be more careful on social media—thus outraging Bolsonaro fans who tweet about the virtues of military rule and the horrors of homosexuality.

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• Thursday, June 20th 2019 - 09:50 UTC

  Bolsonaro insists with private savings accounts for the pensions' reform

  

  Brazil’s congressional committee on pension reform began debating a revised bill, as president Jair Bolsonaro urged lawmakers to rethink their move to drop his plan to introduce a retirement system based on private savings accounts.

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• Thursday, June 20th 2019 - 09:44 UTC

  Argentina's economy contracted 5,8% during the first quarter of 2019

  

  Argentina’s economy contracted 5.8% in the first quarter of 2019, the country’s statistics agency said on Wednesday, a reflection of the biting recession that has hammered domestic consumption and production.

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• Monday, June 17th 2019 - 09:00 UTC

  Head of Brazil's powerful Development bank resigns following clash with Bolsonaro

  

  The head of Brazilian state development bank BNDES has submitted a letter of resignation amid public tensions with president Jair Bolsonaro, reflecting the serious divisions that continue to plague the administration’s upper echelons.

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• Saturday, June 15th 2019 - 08:35 UTC

  China's main economic indicators slowing down; more stimulus in the pipeline

  

  China's industrial output growth unexpectedly slowed to a more than 17-year low in May, while investment also cooled, in the latest sign of weakening demand in the world's second-largest economy as United States ramps up trade pressure.

• Thursday, June 13th 2019 - 08:52 UTC

  Fiscal reforms crucial for Brazil's economy recovery, says the Central bank

  

  The Brazilian economy’s ability to emerge from its current funk and return to “more robust” levels of growth largely hinges on the approval and implementation of fiscal reforms, the central bank’s deputy governor said in London.

• Wednesday, June 5th 2019 - 21:00 UTC

  Uruguay: Finances don't grow; Economy Minister estimates an improvement for the second semester, as Macri did

  

  Uruguay is experiencing, in recent months, a marked drop in investment and the generation of employment. Uruguayan Economy Minister Danilo Astori admitted Wednesday the fall of public accounts, with an annualized fiscal deficit in April that was 4.8% of GDP, and opted to provide greater incentives to investors and entrepreneurs. The Uruguayan press accuses the government of betting on the hope that the results will begin to be felt in the second half of the year, as it was heard a while ago in Argentina under the administration of President Mauricio Macri.

• Wednesday, June 5th 2019 - 09:37 UTC

  Trump bets strongly on Brexit and anticipates a “phenomenal trade deal” with UK

  

  United States President Donald Trump emerged from a meeting on Tuesday with outgoing British Prime Minister Theresa May talking up a “phenomenal trade deal” between the two countries once the United Kingdom leaves the European Union. But he also hinted that any such deal would have to include opening up Britain's cherished National Health Service (NHS) - a proposition certain to stir controversy.

• Wednesday, June 5th 2019 - 09:15 UTC

  Global growth fragile influenced by trade conflict and tumbling confidence, reports World Bank

  

  The World Bank slashed its global growth forecasts for this year in a report released on Tuesday that portrayed a world gripped by deepening trade conflict, tumbling confidence and increasingly skittish investment. Although the global development lender currently expects a modest recovery 2020 and 2021, the bank said in its semi-annual report that a lot will have to go right for this to happen.