Tag: economy

• 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.

• Saturday, April 18th 2020 - 18:55 UTC

  Falklands Government unveils comprehensive COVID-19 support package

  

  The Falkland Islands Government announced on Friday a suite of new measures to assist businesses, private sector employees and households as they adjust to the economic effects of the COVID-19 Pandemic.

• Saturday, April 18th 2020 - 16:42 UTC

  Bolsonaro defends sacking health minister and insists in opening up the economy

  

  Brazilian President Jair Bolsonaro on Friday defended his decision to restart economic activity in the middle of the coronavirus pandemic, after sacking his health minister over differences in how to tackle the disease.

• Friday, April 17th 2020 - 09:59 UTC

  Argentina sets out its debt restructuring proposal to private creditors with a sizeable cut (62%) of interest payments

  

  Argentina sketched out its debt restructuring proposal to international creditors on Thursday, involving a three-year grace period, large coupon cuts and a smaller reduction in capital, as it looks to win over bondholders to a deal.

• Friday, April 17th 2020 - 09:42 UTC

  China's economy contracts 6,8% in Jan/March quarter, first time since 1992

  

  China’s economy shrank for the first time since at least 1992 in the first quarter, as the coronavirus outbreak paralyzed production and spending, raising pressure on authorities to do more to stop mounting job losses.

• Wednesday, April 15th 2020 - 13:51 UTC

  Argentina is readying to announce terms of the US$ 83bn debt restructure

  

  Argentina is expected to announce an offer to restructure US$ 83 billion in foreign-currency bonds any moment as it tries to avoid default, despite shutting down the economy to contain the spread of the coronavirus.

• Wednesday, April 15th 2020 - 10:04 UTC

  US will hold nations and individuals responsible for the pandemics accountable, announces Pompeo

  

  The United States is seeking to “fundamentally change” the World Health Organization, Secretary of State Mike Pompeo said on Tuesday after Washington decided to withhold contributions during the coronavirus pandemic. The United States is the top donor to the WHO, offering US$400 million last year.

• Tuesday, April 14th 2020 - 19:31 UTC

  IMF: Uruguay's economy will fall 3% in 2020; Latin America's, 5.2%

  

  According to the estimates of the International Monetary Fund (IMF), the Uruguayan economy will decrease by 3% this 2020. The “great closure” has been how the international body has defined, as the title of its World Economic Outlook, government measures against the global pandemic caused by the COVID-19.

• Tuesday, April 14th 2020 - 08:53 UTC

  US controversy as to who decides reopening the economy and lifting ”stay at home”

  

  President Donald Trump said on Monday it was his decision when to reopen the U.S. economy, not that of state governors, but legal experts disagree and governors are going their own way.

• Monday, April 13th 2020 - 10:31 UTC

  Bolsonaro again criticizes social isolation by taking to the streets of Brasilia

  

  Brazilian President Jair Bolsonaro again took to the streets of Brasilia, drawing crowds and greeting followers in his latest public pushback against social isolation measures to fight the coronavirus outbreak.