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  • QUITO, Feb 20- Ecuador has reached a $4.2 billion staff-level financing deal with the International Monetary Fund, President Lenin Moreno said on Wednesday, as the Andean country grapples with a large fiscal deficit and heavy external debt. The country will also receive $6 billion in loans from multilateral institutions including the World Bank, the...

  • The South American country will also receive $6 billion in loans from multilateral institutions including the World Bank, the Inter-American Development Bank, and the CAF Andean development bank, Moreno said in a message broadcast on national television and radio.

  • *Spot gold had gained 0.1 percent to $1,339.99 per ounce by 0054 GMT, having touched $1,346.73 per ounce in the previous session, its highest level since April 20. *Trump on Wednesday said the United States would impose tariffs on European car imports if it cannot reach a trade deal with the European Union. *British Prime Minister Theresa May held "constructive"...

  • SYDNEY, Feb 21- Australia's jobs growth surged past all expectations in January as firms took on more full-time staff while the jobless rate stayed at its lowest in seven years, upbeat data showed on Thursday, sending the local dollar higher. The overall trend in Australia's jobs market has been robust over the past couple of years with annual employment growth...

  • ANCHORAGE, Alaska, Feb 20- The world's biggest undeveloped gold and copper mining project, planned in southwestern Alaska near the largest fishery for sockeye salmon globally, moved a step closer to approval on Wednesday after the U.S. Army Corps of Engineers released a draft environmental impact statement. The Pebble Mine would produce 70 million tons of gold,...

  • BRASILIA, Feb 20- Brazil's Economy Minister Paulo Guedes said he is "pretty optimistic" that a "mature" Brazilian Congress will approve without too many changes the pension reform proposal that he unveiled on Wednesday. "I am not seeing much resistance from the enlightened political class because they have realized that this is the path to get Brazil growing,...

  • The survey also showed business confidence in Japan soured for the first time in more than six years, highlighting the growing toll that the U.S.- China trade war is inflicting on Asia's export-reliant economies and global manufacturing. The pessimistic turn in business sentiment "comes as no surprise given the international headwinds Japanese...

  • CORRECTED- BRAZIL ECONOMY MINISTER GUEDES SAYS PENSION REFORM WILL ACHIEVE FISCAL SAVINGS OF 1.15 TRILLION TO 1.2 TRILLION REAIS OVER 10 YEARS IF NOT CHANGED BY CONGRESS.

  • SINGAPORE, Feb 21- Oil prices hovered just below 2019 highs on Thursday, bolstered by OPEC- led supply cuts and U.S. sanctions on Venezuela and Iran. OPEC as well as some non-affiliated producers such as Russia agreed late last year to cut output by 1.2 million barrels per day to prevent a large supply overhang from growing. Another price driver has been U.S....

  • Feb 21- For other diaries, please see:. Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington.

  • BRASILIA, Feb 20- Brazilian President Jair Bolsonaro delivered his proposed pension overhaul to Congress on Wednesday, a plan to save over 1 trillion reais in a decade, which raised doubts about whether lawmakers would pass a package of that scale. "A reform plan that does not include the military will not move ahead in Congress," Senator Ciro Nogueira, head of the...

  • Dallas- based Southwest was forced to delay its planned Hawaii launch due to the recent U.S. government shutdown and on Wednesday cut its first-quarter revenue growth forecast. That followed news on Monday that the Federal Aviation Administration initiated a probe against the carrier in 2018 regarding weight and balance performance data.

  • *Britain a key battleground for Huawei in Europe. LONDON/ BRUSSELS, Feb 20- Britain is able to manage the security risks of using Huawei telecoms equipment and has not seen any evidence of malicious activity by the company, a senior official said on Wednesday, pushing back against U.S. allegations of Chinese state spying. Ciaran Martin, head of Britain's National...

  • SAN FRANCISCO, Feb 20- Samsung Electronics Co Ltd on Wednesday unveiled a nearly $2,000 folding smartphone in a bid to top the technology of Apple Inc and Chinese rivals and reignite consumer interest in a massive consumer electronics category that had its worst sales ever last year. The device "answers skeptics who said that everything that could be done has...

  • Feb 21- Standard Chartered Plc said on Wednesday Britain's financial watchdog had imposed a fine of 102.2 million pounds in relation to its investigation into the bank's historical financial crime controls. In a filing http://bit.ly/2DWfwac to the Hong Kong Stock Exchange on Wednesday, StanChart said it was considering its options in relation to the...

  • BREXIT: UK ATTORNEY GENERAL GEOFFREY COX DRAWING UP PLANS FOR UNILATERAL EXIT MECHANISM TO BACKSTOP WITH 12 MONTH NOTICE PERIOD- THE TELEGRAPH.

  • OTTAWA, Feb 20- The Canadian government will unveil its budget for the 2019/ 20 fiscal year on March 19 and outline ways to provide more access to prescription drugs, Finance Minister Bill Morneau said on Wednesday, confirming a report from Reuters. Although Canada has a publicly funded health care system, prescription medication is largely covered by private...

  • The Fed continues to leave open the door to a rate hike in the coming months, contrary to financial markets' expectation that U.S. borrowing costs would not rise this year, CI Banco analyst James Salazar wrote in a research note. Emerging market assets fell sharply in 2018, as the dollar strengthened on the back of Fed rate hikes and fears that the U.S.- China trade...

  • Feb 20- Fitch Ratings said on Wednesday it may downgrade the United Kingdom's' AA' debt rating based on growing uncertainty about the negotiations between Britain and the European Union over the nation's departure from the economic bloc next month. "Fitch believes that a' no-deal' Brexit would lead to substantial disruption to UK economic and trade prospects, at...

  • TORONTO, Feb 20- The Canadian dollar strengthened against its U.S. counterpart on Wednesday to its highest in two weeks, posting the biggest rise among its peers, as oil prices rallied and ahead of speech on Thursday by Bank of Canada Governor Stephen Poloz. The price of oil, one of Canada's major exports, climbed to its highest of 2019 on hopes that oil markets will...