Economy

Thursday, July 31st 2025 - 21:26 UTC
Transformed St Helena veteran vessel will be visiting Falklands in 2026/2027

Falkland Islands residents, originally from the island of St. Helena, most probably during the next year, might see the revival of a vessel that for many decades was the only link with South Africa. However, this time refurbished, with different colors and as an exclusive boutique, at most 98 passengers, RMS St Helena, will be sailing the roaring forties and targeting Antarctica expeditions.
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Thursday, July 31st 2025 - 09:34 UTC
Chile dodges US's 50% tariffs on copper

US President Donald Trump's 50% tariff on copper imports will not apply to Chile's primary export to the United States: refined copper cathodes. This decision, announced in a White House proclamation, has been met with relief and celebration by officials in Santiago.
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Thursday, July 31st 2025 - 09:25 UTC
TikToker rattles Bolivia's financial system

Twenty-one-year-old TikToker Juan Carlos Villafuerte was arrested for allegedly damaging the credibility of Bolivia's system after the Financial System Supervisory Authority (ASFI) filed a complaint against him for creating videos that claimed “banks in Bolivia are in danger” and advised people to withdraw their savings.
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Wednesday, July 30th 2025 - 10:05 UTC
Products not grown in US might have zero tariffs, Lutnick hints

Amid the uproar surrounding the 50% tariffs on Brazilian products to be imported by the US administration of President Donald Trump, coffee producers saw some light at the end of the tunnel Tuesday when US Secretary of Commerce Howard Lutnick said in an interview with US network CNBC that some products not grown in the country could enter the United States without import tariffs.
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Wednesday, July 30th 2025 - 09:49 UTC
Chile's Central Bank lowers basic interest rates

Chile's Central Bank Council unanimously decided Tuesday to cut its monetary policy interest rate (TPM) by 25 basis points to 4.75%. This is the first reduction this year, bringing the rate to its lowest level since January 2022, after it had been held at 5% since December 2024.
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Tuesday, July 29th 2025 - 10:30 UTC
HSBC sells out operations in Uruguay to leading Brazilian bank

Brazilian bank BTG Pactual has acquired the Uruguayan operations of British bank HSBC for US$175 million, marking BTG Pactual's entry into Uruguay and HSBC's exit from the market as part of its global restructuring strategy. The deal, announced on Monday, includes both equity and additional capital instruments and is subject to regulatory approvals.
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Monday, July 28th 2025 - 10:57 UTC
Milei tells SRA his plans include FTA with US despite Mercosur

During his speech at the Argentina Rural Society's (SRA) Annual Exhibition in Buenos Aires, President Javier Milei emphasized his government’s first-year achievements, ongoing reforms, and vision for the future. Among other issues, Milei insisted that his government was seeking an FTA with the United States, circumventing Mercosur constraints.
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Monday, July 28th 2025 - 10:49 UTC
US and EU clinch trade agreement

The United States and the European Union have reached a trade agreement that will impose a 15% tariff on most European exports to the US, including automobiles, President Donald Trump announced Sunday after meeting with European Commission President Ursula von der Leyen at the former's golf resort in Turnberry, Scotland.
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Friday, July 25th 2025 - 09:49 UTC
Argentina and IMF reach technical agreement

The Argentine Government of President Javier Milei and the International Monetary Fund (IMF) announced Thursday that they have reached a technical agreement on the first review of the country's Extended Fund Facility (EFF) program. Once approved by the IMF Executive Board, this deal will enable a disbursement of approximately US$2 billion to the South American country.
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Thursday, July 24th 2025 - 08:36 UTC
Lula and Sheinbaum discuss joint developments

Presidents Luiz Inácio Lula da Silva of Brazil and Claudia Sheinbaum of Mexico held a telephone conversation on Wednesday to discuss strengthening bilateral relations and economic cooperation.
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