Authorities from Paraguay and the United States agreed in Asunción this week to extend until 2025 an agreement in place since 2019 to expedite the exchange, marketing, importation, and exportation of agricultural products.
Add your comment!The so-called blue (a euphemism for black market) US dollar climbed sharply against the Argentine peso on Thursday, reaching a rate of US$ 1 = AR$ 790, it was reported in Buenos Aires. This was the highest rate since August 16, when it reached AR$ 795, and represented an increase of AR$ 43 in three days and AR$ 15 in just one day.
Add your comment!Trading of shares in Chinese property giant Evergrande and its two subsidiaries was suspended in Hong Kong on Thursday. A market statement on the Hong Kong Stock Exchange did not explain why trading in Evergrande Group's securities, and share certificates of Evergrande Property Services Group and Evergrande Electric Vehicle Group was halted.
Add your comment!United States President Joe Biden flew to Detroit on Tuesday where he joined members of the striking United Auto Workers , UAW, union on the picket line. The visit is thought to have been the first time a US president has ever joined striking workers.
Add your comment!ONE (Ocean Network Express) and Cosco Shipping are starting the new LUX container service. This route connects Europe and the Mediterranean with the east coast of South America with weekly stopovers.
Add your comment!Brazilian meatpacker Minerva said on Monday it had received a notification from Colombia’s government saying that China has approved a sanitary protocol in order to open its market for Colombian beef exports.
Add your comment!President Lula da Silva welcomed on Monday, in Brasilia, Vietnam prime minister Pham Minh Chinh and said the Asian country was interested in a trade deal with the Mercosur bloc. Lula, who currently chairs the group, said he wants to bring Mercosur members closer to Asian countries and highlighted there is room for trade with Vietnam to grow..
Add your comment!By Arminio Fraga, Guillermo Oritz and Andrés Velasco (*) – Since 1960, only a few countries in Latin America have narrowed the gap between their per capita income and that of the United States, while most of the region has lagged far behind. Making up for lost ground will require a coordinated effort, involving both technocratic tinkering and bold political leadership
Add your comment!Brazil’s central bank this week lowered its interest rate by 50 basis points to 12.75% -- its second consecutive rate cut. Banco Central do Brasil last made a rate hike of 50 basis points in August 2022, carrying the rate to 13.75%, the highest since early 2017, and significantly up from a record low of 2% in March 2021.
Add your comment!The Federal Reserve left its benchmark interest rate unchanged this week, pausing an aggressive inflation fight amid growing optimism that the United States can achieve normal price levels without falling into a recession.
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