Economy

Wednesday, November 20th 2024 - 09:44 UTC
Milei meets with IMF Manager in Rio

Argentine President Javier Milei met Tuesday in Rio de Janeiro on the sidelines of the G20 Summit with International Monetary Fund (IMF) Managing Director Kristalina Georgieva to negotiate a new disbursement from the credit agency to boost the South American country's coffers. Also participating in the meeting were Ministers Gerardo Werthein (Foreign Affairs) and Luis Toto Caputo (Economy), among other officials
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Tuesday, November 19th 2024 - 11:52 UTC
Argentina clinches deal to sell Vaca Muerta gas to Brazil

Argentina's Economy Minister Luis Toto Caputo and his Brazilian Energy Counterpart Alexandre Silveira signed Monday on the sidelines of the G20 Summit in Rio de Janeiro an agreement whereby gas from Vaca Muerta will be pumped starting next year, reaching 30 million cubic meters per day as from 2030, which is the same volume that South America's largest country used to buy from Bolivia.
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Tuesday, November 19th 2024 - 10:55 UTC
Rio G20 Declaration signed – Argentina adheres only partially

G20 Leaders Monday signed at the Brazilian city of Rio de Janeiro a joint 85-item declaration in which they addressed the world's current challenges. However, Argentine President Javier Milei announced he would not be endorsing the so-called 2030 Agenda goals.
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Tuesday, November 19th 2024 - 09:19 UTC
Brazil increasingly dependent on oil exports and energy production

Crude oil has become Brazil’s main export product surpassing agribusiness and mining, according to the country’s hydrocarbons company Petrobras CEO Magda Chambriard. Brazil is not also becoming highly dependent on oil exports but also in energy generation.
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Monday, November 18th 2024 - 08:30 UTC
La Niña threatens this year's soybean crop in Paraguay

Paraguayan soybean producers warned this weekend that the La Niña weather phenomenon may affect this year's crop while the 2023/24 harvest is expected to reach a record in tons produced and exported, it was reported in Asunción.
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Saturday, November 16th 2024 - 11:13 UTC
Argentine looses noose on occasional imports

The Libertarian Government of President Javier Milei Friday announced that Argentines wishing to import items for personal consumption will have a higher tariff-free cap of up to US$ 400, with only the value-added tax remaining applicable. In addition, purchases abroad for subsequent occasional exports will be spared any customs fee when up to US$ 3,000, from the current US$ 1,000. The initiative becomes effective next month, it was explained in Buenos Aires.
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Saturday, November 16th 2024 - 11:07 UTC
British ambassador presents diplomatic credentials to Uruguayan president

The new British ambassador in Uruguay, Malcolm Green presented his diplomatic credentials to the Uruguayan president Luis Lacalle Pou on Thursday 14 November, completing the formalities of his post.
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Saturday, November 16th 2024 - 10:43 UTC
Sheinbaum not happy with Moddy's lowering Mexico's grading

Mexican President Claudia Sheinbaum Friday expressed her disappointment after the credit rating agency Moody's lowered her country's grading from stable to negative citing an alleged “institutional weakening.” The newly elected head of state insisted “more arguments or evidence” were needed to back up that claim and denounced that there was a bias against Mexico. On Thursday, Moody's changed Mexico's credit outlook from stable to negative, due to a recent reform to the Judiciary.
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Saturday, November 16th 2024 - 10:37 UTC
Peru signs key FTA with Hong Kong

Just one day after the opening of the China-financed megaport in Chancay just a few miles north of Lima, Peru signed a Free Trade Agreement (FTA) with Hong Kong to further deepen its commitment to Pacific Ocean trade. The understanding was achieved in the framework of the Asia-Pacific Economic Cooperation (APEC) Leaders' Summit in the South American country's capital.
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Friday, November 15th 2024 - 10:55 UTC
France wants Mercosur-EU deal not signed

France will not be signing a Free Trade Agreement (FTA) between the European Union and the Southern Common Market (Mercosur), the Russian news service Sputnik reported Thursday. In fact, Paris will do its utmost to block it.
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