Tag: economy

• Saturday, December 28th 2019 - 09:55 UTC

  Argentina will continue to honor its debt, and has cleared all 2019 payments

  

  The Argentine government will continue to honor its debt while it works to reach an agreement with creditors, both the IMF and private bond holders, with the purpose of refinancing commitments and achieve a long term sustainable path for the payments, according to sources from the Economy ministry.

• Friday, December 27th 2019 - 09:15 UTC

  US stock markets at record highs on gains by tech giants

  

  The tech-rich Nasdaq finished above 9,000 for the first time on Thursday, powering to its 10th straight record on gains by Amazon and other tech giants. The Nasdaq surged 69.51 points (0.78 percent) to finish the post-holiday session at 9,022.39.

• Saturday, December 21st 2019 - 11:07 UTC

  Argentina appoints team for talks with creditors to renegotiate massive sovereign debt

  

  Argentina appointed a government team to kick off talks with creditors to renegotiate about US$100 billion in sovereign debt as the new center-left administration of President Alberto Fernandez postponed payments on some of its short-term debt.

• Friday, December 20th 2019 - 08:56 UTC

  Brazil central bank raises 2020 growth forecast to 2.2%

  

  Brazil’s central bank on Thursday raised its 2020 gross domestic product growth forecast to 2.2% in its quarterly inflation report from 1.8% previously but cautioned it was conditional on continued progress on economic reforms.

• Tuesday, December 10th 2019 - 11:30 UTC

  Peronism is back in Argentina: Alberto Fernández assumes as President

  

  Peronism will return to power in Argentina from Tuesday. The political force will do it in the hands of the elected President, Alberto Fernández, who will go to the Casa Rosada, the presidential headquarters, at noon after presenting the oath in the Congress to the outgoing vice president, Gabriela Michetti

• Saturday, December 7th 2019 - 09:50 UTC

  Future Argentine economy minister is US trained and an academic expert in sovereign debt

  

  Argentina’s Martin Guzman, a whiz-kid economist with close ties to influential U.S. economist Joseph Stiglitz, will bring a sharp academic intellect but little policy-making experience to the daunting task of reviving Latin America’s third-largest economy and averting a damaging default.

• Saturday, December 7th 2019 - 09:20 UTC

  Brazil's growth stats for the 3Q expected to be revised upwards

  

  Brazil’s statistics agency IBGE will revise the country’s third quarter GDP figures, it said, after upward revisions to export data this week suggested growth may have been stronger than first estimated.

• Friday, December 6th 2019 - 08:52 UTC

  Brazilian government optimistic about reforms and the economy's performance forecast

  

  The Brazilian government’s commitment to getting public finances in order and maintaining strict fiscal discipline will lead to the country’s sovereign credit rating being upgraded, Treasury Secretary Mansueto Almeida said on Thursday.

• Wednesday, December 4th 2019 - 09:50 UTC

  Chilean economy contracts 3.4% during October compared to a year ago

  

  Chile's economy contracted 3.4% in October from the same month a year ago, the central bank said, posting the single biggest drop in a decade as weeks of violent protests began sending shockwaves through the Chilean economy.

• Wednesday, December 4th 2019 - 09:40 UTC

  Brazil celebrates: 0.6% expansion in third quarter: rebound of agriculture and industry

  

  Brazil's economy expanded in the third quarter at its fastest pace since early last year, official data showed on Tuesday, with 0.6% growth over the previous quarter driven by a strong performance in agriculture and a sharp rebound in the industry.