Stories for 2023

Wednesday, March 22nd 2023 - 10:35 UTC
Lula insists in criticizing central bank autonomy: current rate of 13,75% is “irresponsible”

Brazilian President Luiz Inacio Lula da Silva criticized on Tuesday the country's central bank, saying that an interest rate of 13.75% - its current level - is “irresponsible,” adding he will continue to fight the current level to stimulate the economy.
Wednesday, March 22nd 2023 - 10:35 UTC
Crucial week for the Fed's Powell and the US banking system

Several banking failures in the US this month have raised fears about the health of the financial system. The collapses follow a sharp rise in global borrowing costs, led by the US, which has shocked the world economy and raised worries about a painful downturn known as a recession.
Wednesday, March 22nd 2023 - 10:24 UTC
Massa to announce new measures as Argentine peso sinks against US dollar

With the informal exchange rate between the Argentine peso and the US dollar known as “blue” going up AR$ 8, and reaching a new record high of AR$ 394, Economy Minister Sergio Massa is planning a set of measures to reverse that trend. The new package is to be conveyed to businessmen and bankers over breakfast Wednesday before being announced.
Wednesday, March 22nd 2023 - 10:21 UTC
Montevideo hosts Mercociudades convention

Montevideo Mayor Carolina Cosse Tuesday welcomed dignitaries from over 20 cities from Mercosur and also from Chile for the first Mercociudades meeting of the year which the Uruguayan capital is hosting.
Wednesday, March 22nd 2023 - 10:16 UTC
Puebla Group supports CFK at Buenos Aires gathering

The Puebla Group Tuesday expressed its support to Argentine Vice President Cristina Fernández de Kirchner (CFK) during a convention at Buenos Aires' Centro Cultural Kirchner (CCK).
Wednesday, March 22nd 2023 - 10:16 UTC
Maduro appoints new Petroleum Minister

Venezuelan President Nicolás Maduro Tuesday appointed Col. Pedro Tellechea as the new Minister of Energy and Petroleum.
Wednesday, March 22nd 2023 - 10:11 UTC
Landmark UN Water conference in New York to address climate change and drinking water

Leaders will gather this week in New York City for a landmark United Nations conference, an event expected to focus on the rising toll of the climate crisis and the effort to provide clean drinking water to a global population of over 8 billion.
Wednesday, March 22nd 2023 - 10:11 UTC
IDB loan for Uruguay to strengthen post-pandemic public policy and fiscal management

The Inter American Development Bank, IDB, president Illan Goldfajn and Uruguay's Economy and Finance Minister Azucena Arbeleche signed a US$ 145 million loan agreement for the Program to Strengthen Public Policy and Fiscal Management in Response to the Health and Economic Crisis
Wednesday, March 22nd 2023 - 10:11 UTC
Beijing authorities and financial system confirm Chinese economy rebound; PBC increases liquidity

China's economic rebound has been confirmed by a surge in market demand for short-term funds, with liquidity becoming tighter in the inter-banking system, according to the country's financial market data tracker gelonghui.com.
Wednesday, March 22nd 2023 - 10:10 UTC
First shipment of Argentine beef to Mexico takes off

The first shipment of Argentine beef took off from Ezeiza Airport Tuesday on an AeroMexico flight after more than 10 years of negotiations, the South American country's National Service for Agrifood Health and Quality (Senasa) reported. Both countries had agreed on December 2 on the sanitary certificate requirements.