Industries and markets

Brazil and US clash over delivery of Chinese supplies of medical equipment

“Local media also reported that a shipment of supplies destined for the Brazilian state of Bahia was diverted for use in the United States during a stopover in Miami after suppliers were offered higher prices.”

Ecuador’s Former President Convicted on Corruption Charges

“A top court in Ecuador on Tuesday convicted Rafael Correa, the country’s former president, on corruption charges and sentenced him to eight years in prison, a blow to a charismatic yet divisive leader and his

Coronavirus: Peru limits movement by gender to stem spread

“Men can only leave home on Mondays, Wednesdays and Fridays; women can do so on Tuesdays, Thursdays and Saturdays. On Sundays, no-one is allowed out. Panama introduced similar restrictions earlier this week.”

Moody’s downgrades Argentina’s credit rating

“Moody’s downgraded Argentina’s credit rating on Friday, cutting it to Ca from Caa2 in a move that reflects the firm’s expectation that private creditors will incur losses as a result of the government’s efforts to

World Bank US$ 35 million emergency loan for Argentina to combat coronavirus

“The World Bank Board of Directors today approved a US$ 35 million emergency loan to support the Argentine government efforts to minimize the impact of the COVID-19 pandemic on the health system through the procurement

Ecuador’s health system has collapsed: bodies of dead in the streets of Guayaquil

“The authorities in Ecuador have collected at least 150 bodies of people who died due to the coronavirus from the streets and homes of Guayaquil, the main port city in the country. The latest data

Argentina satisfied with pandemic quarantine results, extends the circulation ban until 12 April

“Quarantine measures in Argentina stipulate that citizens cannot leave their homes except to purchase essential food items or pharmaceutical drugs.”

S&P downgrades Mexico and oil giant Pemex credit ratings

“The ratings agency cut Mexico’s sovereign rating to BBB from BBB+, and downgraded Pemex’s stand-alone credit profile to ccc+ from b-.”

It’s official: IMF says pandemic has driven the global economy into recession

“It is clear that we have entered a recession” that will be worse than in 2009 following the global financial crisis, she said in an online press briefing.

Bolsonaro threatens to sack health minister over coronavirus criticism

“Jair Bolsonaro has reportedly told his health minister he will sack him if he dares criticise his handling of the coronavirus crisis.”