Tag: economy

• Wednesday, August 21st 2019 - 08:52 UTC

  Argentina’s Economic Crisis: Who to blame?

  

  Argentines remember the role the IMF played in the last depression. They also remember the improvement in their lives under Kirchnerism. The following was published by The New York Times.

• Tuesday, August 20th 2019 - 02:40 UTC

  Airbnb revenue up 31% in first quarter and reached US$ 9.4bn

  

  Airbnb Inc recorded US$9.4 billion in total booking value in the first quarter, up 31% from the year-ago quarter, a key number that could help pull in investors as the home-sharing company plans its foray into the public market.

• Friday, August 2nd 2019 - 09:54 UTC

  Brazil already engaged in trade talks with United States, says minister Guedes

  

  Brazil has begun negotiating a trade agreement with the United States, the South American country’s economy minister said, kicking off knotty talks between longstanding competitors whose leaders want closer commercial ties.

• Thursday, August 1st 2019 - 09:13 UTC

  Brazil's central bank cuts main interest rate to 6%, confident of “reforms' process”

  

  Brazil's central bank slashed interest rates to a record low on Wednesday in response to the worsening outlook for Latin America's biggest economy. The bank cut its main rate to 6% from the previous historic low of 6.5%, which had been unchanged since March 2018.

• Tuesday, July 30th 2019 - 10:13 UTC

  Brazil's efforts to improve ties with the US, “need not worry China, we never had a problem with China”

  

  Brazil’s efforts to build better ties with the United States need not worry China, the South American economy top trade partner, because it had never had a problem with China, the Brazilian foreign minister stated. At issue in the past has been how previous Brazilian administrations handled relations with China, Ernesto Araujo said.

• Wednesday, July 3rd 2019 - 09:40 UTC

  Brazil estimates trade surplus this year to reach US$ 56.7 billion

  

  Brazil’s Economy Ministry on Monday raised its projection for the country’s trade surplus this year to US$56.7 billion from US$50 billion but warned that trade activity will decline due to slowing global economic growth.

• Tuesday, July 2nd 2019 - 09:49 UTC

  ITUC: “IMF program in Argentina has failed to deliver on its promises”

  

  One year since its start, it has become clear that the IMF program in Argentina has failed to deliver on its promises to fix the economy while protecting the most vulnerable. Despite the worsening economy, large human costs, and a significant downward adjustment of growth projections, the IMF is doubling down on its austerity approach and requiring additional spending cuts to meet budget targets.

• 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.

• 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.

• 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.