Economy

Saturday, November 27th 2021 - 09:40 UTC
“Auxilio Brasil” intended to benefit 17 million families with monthly payments approved in Congress

The massive social welfare program, Auxilio Brasil, promoted by the administration of president Jair Bolsonaro was passed this week in the Lower House and is expected to be approved in the Senate where leaders have promised to address it as a priority.
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Saturday, November 27th 2021 - 09:12 UTC
Canadian rating agency praises Uruguay's fiscal consolidation and raises BBB- trend from stable to positive

Canadian credit rating agency, DBRS Morningstar confirmed Uruguay's Long-Term Foreign and Local-Currency – Issuer Ratings at BBB-, and at the same time, elevated its prospect from stable to positive.
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Friday, November 26th 2021 - 07:52 UTC
Falkland Islands receives the first cruise visit since 2019/20 season

The first cruise ship to visit the Falklands since the 2019/2020 tourist season, Silver Explorer, was cleared on November 24 and in Stanley Harbor. The itinerary included visits to Bleaker Island and Bull Point. However, it is unknown how many other vessels will visit over the season.
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Thursday, November 25th 2021 - 18:48 UTC
Argentina not likely to extend special layoff measures, Labor Minister says

Argentine Labor Minister Claudio Moroni Thursday said it was “highly likely” that the double severance money and the ban on dismissals decreed as a part of the emergency measures to cope with the COVID-19 pandemic will not be extended after December 31, since the economic situation was getting back to normal.
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Wednesday, November 24th 2021 - 18:29 UTC
Toyota plant in Argentina to increase production as of 2022

Argentine President Alberto Fernández was told Wednesday at Casa Rosada that the Toyota automotive manufacturing plant in the city of Zárate will be producing 27,000 additional vehicles yearly, it was announced.
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Wednesday, November 24th 2021 - 09:16 UTC
Bi-Oceanic Corridor to bring Mercosur closer to Asia, Paraguay's FM says

Paraguay's Foreign Minister Euclides Acevedo said the Bi-Oceanic Corridor will bring Mercosur's entire economic development closer to Asia. His remarks came at a press conference after meeting with his Japanese counterpart Yoshimasa Hayashi in Tokyo earlier this week.
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Wednesday, November 24th 2021 - 09:16 UTC
IMF praises Chilean economy but insists on targeted support for the most vulnerable

An International Monetary Fund (IMF) mission, led by Ana Corbacho, met (virtually) with the Chilean authorities during November 15–19 to discuss recent economic developments, policies, and priorities for the country. The mission engaged with senior officials, analysts, and business representatives. At the conclusion of the visit, Ms. Corbacho issued the following statement:
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Wednesday, November 24th 2021 - 09:06 UTC
Several Swiss banks “reprimanded” for breaching laundering rules with Venezuelan clients

Several Swiss banks have been reprimanded for breaching laundering rules involving people linked to Venezuela's state oil company PDVSA, and have been ordered to terminate all business links with Venezuelan clients as well as with risky clients.
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Wednesday, November 24th 2021 - 08:46 UTC
Bolsonaro favors reviewing Petrobras' formula to adjust price of fuel

Brazil's President Jair Bolsonaro Tuesday said he intended to have Petrobras' international parity system reviewed, although he fell short of disclosing how he planned to go about it.
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Tuesday, November 23rd 2021 - 20:01 UTC
Biden endorses Powell for yet another term as Federal Reserve head

US President Joseph Biden has announced he wanted Republican lawyer Jerome Powell to stay at the helm of the United States Federal Reserve (Fed) for a second four-year term.
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