Stories for October 2021

Thursday, October 14th 2021 - 09:21 UTC
Chilean central bank surprises markets, increases basic rate from 1,5% to 2,75%

Given the latest spike of inflation in Chile which jumped 1,2% in September, the central bank council surprised markets by increasing the basic monetary lending rate 125 points, that is from 1,5% to 2,75%, the highest since 2001. The five-member Council decision was unanimous.
Thursday, October 14th 2021 - 09:09 UTC
Reopening of land-crossings between Argentina and Paraguay nears

People on both sides of the Argentina / Paraguay border eagerly await the prompt reopening of land crossings between the two countries.
Thursday, October 14th 2021 - 08:59 UTC
Central Bank of Brazil takes action to reverse real shrinking

Brazil's Central Bank Wednesday took an active role in the currency exchange market and sold US $ 1 billion to avoid a devaluation of the real, which has already lost a third of its value against the US dollar in 2021 alone
Thursday, October 14th 2021 - 08:40 UTC
Uruguayan President highlights the importance of freedom

Uruguay's President Luis Lacalle Pou was highly praised for his speech before rural producers of his country and Argentina, where he addressed the issue of freedom.
Thursday, October 14th 2021 - 08:39 UTC
Gibraltar welcomes cruise vessel MS Borealis on its inaugural visit

Business and Tourism Minister Vijay Daryanani on Wednesday welcomed the MS Borealis cruise ship on its inaugural visit to Gibraltar. MS Borealis has been Sailing for Fred Olsen Cruise Lines since July 2021, which is a UK-based, Norwegian-owned cruise shipping line with four cruise ships.
Thursday, October 14th 2021 - 08:20 UTC
The long march of Tierra del Fuego before becoming a full province

The evolution of Argentine Tierra del Fuego from an incorporated national territory to a full province, in over a century and a half, has been described by Patagonia historian Bernardo Veksler, who usually contributes with the Diario del Fin del Mundo, edited in Ushuaia.
Wednesday, October 13th 2021 - 22:08 UTC
Petition for Piñera's impeachment filed at Chile's Lower House

Chilean Deputies Wednesday filed for the impeachment of President Sebastián Piñera for his ivolvement in financial and entrepreneurial transactions disclosed earlier this month in the so-called Pandora Papers.
Wednesday, October 13th 2021 - 21:35 UTC
Colombian low cost airline eyes Argentine skies for 2022

Colombian budget carrier Viva Air plans to start flying in 2022 from Buenos Aires to Bogotá and Medellín and on to the United States, Mexico City or the Caribbean, it was reported Wednesday.
Wednesday, October 13th 2021 - 15:41 UTC
Chile's “wise men” recommend the basic rate be increased 100 points to 2,5%

Chile's Monetary Policy Group, GPM, recommended on Tuesday that the Central Bank raises 100 points the Monetary Policy Rate, taking it from the current 1,5% to 2,5%, because of an upsurge of inflation and to safeguard the macroeconomic stability of the country.
Wednesday, October 13th 2021 - 15:16 UTC
Double digit inflation in Brazil spiked by increasing fuel and food costs

Brazilian market analysts raised their forecasts for inflation and the Selic key interest rate for 2022 as increasing fuel and food costs plus resurgent demand for services are spiking prices as the pandemic seems to be coming to an end.