Industries and markets

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.”

Ecuadorean bonds drop as government calls for time

“Latin American nation could become early victim of combination of virus and oil crash.”

Brazil closing all land borders except with Uruguay, and banning entry from EU and Pacific countries

“Its new restrictions against travelers from Europe and the Asia Pacific are set to last 30 days, according to a ministerial decree. They apply to people coming from the European Union, Britain, Iceland, Norway and

YPF admits gasoline demand is down 70% and diesel 50%

“Argentine state-run oil company YPF has already seen a drop in energy consumption because of a nationwide mandatory quarantine over the coronavirus announced last Friday, a company executive said in an internal video obtained by

Mexican city rejects plans for giant US-owned brewery amid water shortages

“Vote in border city of Mexicali is unlikely win for farmers and activists over wealthy maker of Corona, Modelo and Pacifico.”

Automakers Close Plants in Brazil and Place 50,000 on Collective Holiday

“General Motors, Mercedes-Benz and Volkswagen have already confirmed collective holidays.”