Tag: economy

• Saturday, September 14th 2019 - 21:56 UTC

  ECB slashes rates to its lowest and introduces quantitative easing to stimulate the European economy

  

  The European Central Bank announced a sweeping round of stimulus for the continent's slowing economy, cutting interest rates to their lowest ever level and introducing a round of quantitative easing.

• Thursday, September 12th 2019 - 19:00 UTC

  Mexico to apply sales tax on Netflix, Apple, Spotfy, Amazon Prime

  

  A Mexican sales tax on foreign digital businesses providing audio or visual services could generate tax revenue of about 3.6 billion pesos (US$ 185 million) a year, a senior lawmaker in Mexico’s ruling party said on Tuesday.

• Wednesday, September 11th 2019 - 09:24 UTC

  Brazilian officials cautiously say the worst of recession is over, but anticipate no easing of austerity

  

  Brazil’s government on Tuesday slightly raised its 2019 economic growth forecast and said the worst for the economy is probably behind it but showed no sign it is willing to ease up on its commitment to austerity and strict fiscal discipline.

• Friday, September 6th 2019 - 09:55 UTC

  Uruguay farmers gathered in Montevideo to protest against the government: clashes with the police

  

  Horses, tractors and hundreds of rural producers from all over the country gathered in front of the Uruguay Parliament on Thursday to denounce the problems that the agricultural sector is experiencing and criticize the government for not listening to the proposals of the Un Solo Uruguay (One Uruguay) movement. The political, non-partisan movement brings together producers and actors of the rural environment and the interior of the country.

• Thursday, September 5th 2019 - 09:35 UTC

  Chile's central bank slashes benchmark interest rate to 2% to prop economy

  

  Chile’s central bank slashed the benchmark interest rate by 50 basis points to 2% on Tuesday, the lowest in 9 years, citing a sputtering economy hurt by global trade tensions.

• Tuesday, September 3rd 2019 - 09:55 UTC

  Argentina talking with IMF on monetary targets; Central bank insists the country's financial system is “solid”

  

  Argentina’s central bank is talking to the International Monetary Fund about revising its monetary policy target for September, the institution’s president Guido Sandleris told reporters in Buenos Aires on Monday.

• Tuesday, September 3rd 2019 - 09:54 UTC

  Argentine bonds fall to record lows; long queues to withdraw dollar funds

  

  Argentine bond prices fell to record lows on Monday and the official and black-market pesos diverged after the country imposed capital controls in a bid to stem a currency rout that is sharpening the risk of default.

• Tuesday, September 3rd 2019 - 09:49 UTC

  Brazil's trade surplus of US$ 3.28bn in August and US$ 31.76 in eight months

  

  Brazil posted a trade surplus of US$ 3.28 billion last month, the widest surplus for August since 2017 and almost 20% wider than the US$ 2.28 billion surplus in August last year, the Economy Ministry said.

• Saturday, August 31st 2019 - 09:20 UTC

  Trump: US economic pressure helping Hong Kong protestors; steeper tariffs on Chinese goods “are on” as of this Sunday

  

  US economic pressure on China was responsible for preventing the authorities from carrying out a harsher crackdown against demonstrators in Hong Kong, US President Donald Trump told reporters on Friday.

• Wednesday, August 21st 2019 - 09:48 UTC

  The word that begins with “R” that scares Donald Trump

  

  United States President Donald Trump on Tuesday insisted that recession - a potentially dangerous blow to his re-election next year - is not in the cards. But he indicated he's preparing just in case.