Despite the apparent success of Argentine President Javier administration's policies to curb inflation, various reports last week showed plummetting figures regarding economic activity and welfare. To fight growing retail prices, the Libertarian Government authorized imports of yerba mate, dairy products, meat, rice, and even sugar.
Add your comment!Argentina's small- and medium-sized manufacturing industry fell 9.9% last month compared to February last year at constant prices, the Argentine Confederation of Medium-sized Companies (CAME) said in a report released over the weekend. It was the third straight month downwards despite a slowdown from December's 27% and January's 30%, the survey also showed.
Add your comment!Uruguay's strong institutions have earned the South American country an upgrade in Moody's rating from Baa2 to Baa1, it was reported Friday. The risk-gauging agency also changed the outlook to stable.
Add your comment!Despite Argentine President Javier Milei's stringent measures to curb inflation, his country took another slump Wednesday after the international credit rating agency Standard & Poor's (S&P) declared it in Selective Default following a domestic debt swap worth some U$S 55.3 billion in pesos with local creditors.
1 commentArgentine President Javier Milei Wednesday cautioned Vice President Victoria Villarruel and a group of Senators as they were about to debate the most encompassing emergency decree (DNU) 70/2023 which liberalizes the economy but needs Parliamentarian approval (or silence) to remain in force.
3 commentsAccording to a report from Argentina's National Institute of Statistics and Census (Indec) released Tuesday in Buenos Aires, the South American country's Consumer Price Index (CPI) went up 13.2% in February of 2024 for a yoy total of 276% amid notorious declines in industry, construction, and consumption.
9 commentsRecent rains have led the Panama Canal Authority (ACP) to announce an increase in the number of vessels through the interoceanic path from 24 to 27 each day, it was reported. Being the only waterway in the world that uses fresh water to link the Atlantic and Pacific oceans, the 80-kilometer Panamanian route carries 6% of the world's maritime trade.
Add your comment!Brazil's foreign trade in goods, some US$ 640bn annually is done mostly in US dollars, some 95%, but there are some inroads to other currencies such as the Euro and its own Brazilian Reais. These figure come from an annual report on trade operations’ currency statements compiled by Brazil’s Foreign Trade Secretariat of the Ministry of Development, Industry, Trade, and Services (Secex-MDIC), and revealed last week.
1 commentThe South American Common Market (Mercosur) will start negotiating a Free Trade Agreement (FTA) with Japan next month, Paraguay's Foreign Minister Rubén Ramírez Lezcano acknowledged in an interview with the Nikkei economic newspaper. Paraguay currently holds the rotating presidency of the regional bloc.
Add your comment!Bolivian authorities need to have the Senate approve a US$ 125 million loan from the World Bank at the earliest or else the credit agency might backtrack on granting it, Hydrocarbons Ministry Spokeswoman Rocío Molina warned Monday. Other five credits might follow suit given the Upper House's tardiness, Molina explained.
Add your comment!