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Montevideo, October 3rd 2023 - 23:43 UTC

Stories for November 2022

  • Tuesday, November 1st 2022 - 10:06 UTC

    Argentine wages trail inflation

    Clothing and Footwear went up 9.9% in August

    Salaries in Argentine rose 6.5% on average in August 2022, the National Institute of Statistics and Census (Indec) reported Monday. According to these figures, incomes were below the 7% inflation rate for the same month.

  • Tuesday, November 1st 2022 - 10:01 UTC

    Expectation mounts over Petro-Maduro meeting in Caracas

    Diplomatic ties had been cut since then-Colombian President Iván Duque recognized opposition leader Juan Guaidó as Venezuela's acting president

    Colombian President Gustavo Petro and his Venezuelan colleague Nicolás Maduro are to meet Tuesday in Caracas to discuss the evolution of bilateral ties after diplomatic relations between the two countries were restored following Petro's inauguration.

  • Tuesday, November 1st 2022 - 10:00 UTC

    Argentine drought will force Brazil to purchase wheat in non-Mercosur suppliers

    Normally Brazil purchases up to six million tons of wheat from Argentina, but the Mercosur partner has insufficient supplies to export

    Brazil will need alternative wheat sources because Argentina, its traditional supplier, is facing a serious crop insufficiency as a result of a serious drought that has curtailed production and compromised export volumes. Market analysts expect Brazil will thus have to look for supplies in potential providers such as the United States, Canada and even Russia.

  • Tuesday, November 1st 2022 - 10:00 UTC

    Central banks and stubborn inflation, to Hike, Early to Thrive?

    Amounts withdrawn were so large that the increase in spending was bound to produce inflation.

    By Andrés Velasco – Several central banks that began raising interests well before US and Euro-zone policymakers are still facing persistent inflation. But it was the right choice, because inflation was always likely to prove stubborn in today’s conditions, and waiting would have required even larger hikes later, with a heavier output cost.

  • Tuesday, November 1st 2022 - 09:57 UTC

    Biden calls oil producers to lend a hand and share earnings

    Biden needs to make life easier for US citizens ahead of the mid-term elections

    US President Joseph Biden Monday urged oil producers to stop “war profiteering,” after record gains amid rampant inflation and global crisis.

  • Tuesday, November 1st 2022 - 09:53 UTC

    Inflation forecast adjusted downward in Paraguay

    The Paraguayan guarani was one of the currencies in the region to lose the least against the US dollar

    Paraguay's Central Bank lowered its inflation forecast for this year from 8.8% to 8.6%, it was reported Monday in Asunción. Meanwhile, Consumer Price Index (CPI) projections for 2023 remained unchanged from the BCP's previous outlook at 4.1%.