Stories for July 2023

Wednesday, July 12th 2023 - 22:18 UTC
Paraguay increases pork exports to Taiwan six fold; Chile next potential market

In the first six months of 2023, Paraguay multiplied its pork exports by six times. The main reason is the opening of Taiwan’s market last year to Paraguayan produce. This pushed sales from 2,480 tons to 14,880 tons between January and June 2023.
Wednesday, July 12th 2023 - 22:16 UTC
Brazilian beef industry adopting to lower prices for Chinese demand

Beef consumption in China is lower than what Brazilian exporters had anticipated for the post-pandemic period, according to a report by Datagro. Data compiled by the consultancy from China’s Ministry of Agriculture and Rural Affairs reveals that beef prices have fallen below 72 yuan for every kilo (approximately R$ 49, almost US$ 10) bought from Brazil in recent days, down from 78 yuan (R$ 53) at the beginning of this year.
Wednesday, July 12th 2023 - 21:06 UTC
China extends financial measures for the battered real estate to the end of 2024

China's top financial regulators announced this week that financial support measures for qualified real estate developers, taken in November 2020, will be extended through the end of 2024, in order to continue to guide more financial support for firms and to ensure deliveries of homes.
Wednesday, July 12th 2023 - 21:03 UTC
Shell considers cutting oil and gas production “dangerous and irresponsible”

Cutting oil and gas production would be “dangerous and irresponsible”, the boss of energy giant Shell has told the BBC. Wael Sawan insisted that the world still “desperately needs oil and gas” as moves to renewable energy were not happening fast enough to replace it.
Wednesday, July 12th 2023 - 20:39 UTC
Brazilian June inflation reaches record low; interest rate fall anticipated in August

Brazil’s annual inflation released on Tuesday showed consumer prices rose 3,16% year to year, down from 3,94% in May. This means annual inflation has dropped from the 12,13% peak in 2022 clearing the way for the central bank to begin cutting interest rates at its next meeting.
Wednesday, July 12th 2023 - 14:12 UTC
Significant earthquake rocks southern Uruguay, experts confirm magnitude over 5.0

The department (province) of Canelones, in southern Uruguay, experienced a significant earthquake measuring over 5.0 on the local magnitude scale, according to experts.
Wednesday, July 12th 2023 - 10:57 UTC
Argentina: Javier Milei's party under investigation

Argentine Judiciary authorities have launched a probe into allegations that the political party La Libertad Avanza of Deputy Javier Milei was charging up to US$ 50,000 for a slot on the ballot lists, it was reported in Buenos Aires.
Wednesday, July 12th 2023 - 10:45 UTC
Pinochet, not a “President,” Chile's Lower House approves

Chile's Lower House Tuesday passed a resolution striping late dictator Augusto Pinochet Ugarte from the title of “president” by 67 votes against 47 and 8 abstentions, it was reported in Santiago. The initiative should not pass to the Senate as it is a draft statement that also defines Pinochet as a “military and political figure” and his government (1973-1990) as an “authoritarian regime.”
Wednesday, July 12th 2023 - 10:22 UTC
Number of Brazilians in debt on the rise

According to the monthly Consumer Indebtedness Survey (Peic) from the Brazilian National Confederation of Commerce of Goods, Services, and Tourism (CNC) released Tuesday, 78.5% of the families in South America's largest economy are indebted and behind in their payments, Agencia Brasil reported.
Wednesday, July 12th 2023 - 10:16 UTC
Brazilian Justice Minister outlines Amazon Security Plan

Brazil's Justice Minister Flávio Dino Tuesday announced that the government's Amazon Security Plan foresees 34 river and land bases and will involve the presence of different police forces, Agencia Brasil reported.