Economy

Monday, June 5th 2023 - 06:22 UTC
Argentina closer to becoming a member of BRICS and their Development Bank

The board of the BRICS-led New Development Bank (NDB) will hold a vote for the incorporation of Argentina in August, the entity’s president Dilma Rousseff told Argentina's Economy Minister Sergio Massa currently in China with a numerous delegation in search of money for an almost depleted Central Bank
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Saturday, June 3rd 2023 - 13:00 UTC
Falklands lawmakers discuss food prices and market solvency to encourage competition

A spirited discussion surrounding food prices was prompted by a question from MLA Teslyn Barkman in Legislative Assembly last Wednesday, 31st May. MLA Teslyn Barkman asked MLA Gavin Short about the UK’s government’s decision to investigate food pricing. “Can the Honorable Gavin Short please say whether we here in the Falklands have any mechanisms or agency that could be used to investigate the grocery retail market?”
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Saturday, June 3rd 2023 - 12:45 UTC
Mercosur Summit scheduled for Puerto Iguazú

The Argentine city of Puerto Iguazú in the province of Misiones will host the LXII Mercosur Summit on July 3 and 4, during which Alberto Fernández will pass on the pro tempore presidency of the bloc to his Brazilian counterpart Luiz Inácio Lula Da Silva, it was announced Friday in Buenos Aires.
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Saturday, June 3rd 2023 - 12:11 UTC
New currency swap with China gives Argentina some financial relief

Argentina will have US$ 10 billion to play on the domestic foreign exchange market and avoid a steeper devaluation of the peso after renewing a currency swap with China, Economy Minister Sergio Massa announced in Beijing Friday.
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Saturday, June 3rd 2023 - 12:00 UTC
Falklands farmers face tough times unable to have a fluid sale of their wool clip

Lawmaker Gavin Short rose at the Falkland Islands elected Legislative Assembly this week and asked MLA Teslyn Barkman if she was “aware of any farms that have been unable to sell their wool clip either fully or partially this season.”
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Friday, June 2nd 2023 - 11:01 UTC
Argentina to join BRICS bank?

Argentine Economy Minister Sergio Massa was told in Shanghai by New Development Bank President Dilma Rousseff that the road was clear for Argentina to join the entity and thus be able to obtain some financial backing in the near future, it was reported. The formal announcement will be made next August alongside those concerning Saudi Arabia, Egypt, and Zimbabwe.
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Friday, June 2nd 2023 - 10:45 UTC
Chilean Foreign Trade in first quarter drops some 8,4%, Port Chamber report

Comparing analysis of foreign trade by sea in the first quarter of 2023, reveals that this year there has been a drop of 8.4% in tons handled and an 8.1% decrease in cargo value, according to the Maritime and Port Chamber of Chile, Camport.
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Thursday, June 1st 2023 - 10:20 UTC
Brazil's surplus falls 47% interannually in first four months of 2023

Brazil's Central Bank (BCB) reported Wednesday that the South American country's public sector accounts (federal government, states and municipalities, and state-owned companies) recorded a primary surplus of R$ 78.7 billion reais (US$ 15.515 billion) in the first four months of 2023, which represented a 47% YoY drop.
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Thursday, June 1st 2023 - 09:56 UTC
Falklands adjusts Government Reserves Policy to 1,5 times (from 2,5) departmental operating expenditure

Following the sitting of the Executive Council on Wednesday 10 May, a paper was approved to update the Government’s Reserves Policy to hold 1.5 times adjusted departmental operating expenditure in unrestricted reserves.
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Wednesday, May 31st 2023 - 18:28 UTC
Falkland Islands Government publishes Budget for 2023/24

On 31st May, the Governor of the Falkland Islands made her annual address, state of the Nation, to the Legislative Assembly. In her speech, Alison Blake CMG reviewed last year's challenges and highlights, set out the government's and public service priorities for the year ahead, and paid tribute to the economy.
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