Following a surprise rise in UK consumer prices, the Bank of England is expected to increase interest rates for an 11th consecutive. Analysts think an increase in the Bank rate from 4% to 4.25% is the most likely outcome of the Monetary Policy Committee Thursday meeting later.Add your comment!
Brazil's government Wednesday re-launched the Food Purchase Program (PAA) that used to exist in President Luiz Inàcio Lula Da Silva's previous administrations. The new format will focus on expanding production from minority groups and land reform measures, Agencia Brasil reported.Add your comment!
Brazil's Finance Minister Fernando Haddad found the Monetary Policy Committee (Copom)'s decision to leave the basic Selic interest rate unchanged at 13.75% per year very worrisome, particularly because new increases were not ruled out for the near future, Agencia Brasil reported.Add your comment!
Uruguay's Supreme Court Tuesday voted against granting refugee status to former Macrist lobbyist Fabián “Pepín” Rodríguez Simón, who is staying in Montevideo to avoid an arrest warrant from Buenos Aires claiming political persecution and parliamentary immunity as a member of Parlasur.Add your comment!
Former British Prime Minister Boris Johnson on Tuesday acknowledged that he provided false information to Parliament about government parties that were held in violation of COVID-19 restrictions. However, Johnson insisted that he did not intentionally mislead Parliament about the parties.Add your comment!
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.5 comments
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.Add your comment!
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.2 comments
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.Add your comment!
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).Add your comment!