Economy

Monday, January 24th 2022 - 09:29 UTC
IMF chief warns indebted countries on Fed's announced policy of higher rates

The IMF managing director warned that interest rate hikes by the Federal Reserve could have serious implications for counties with high levels of debt in dollars, “cold water” on already weak economic recoveries, or in the process of negotiating debts.
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Monday, January 24th 2022 - 09:23 UTC
Global Inflation: Brazil's Guedes and Europe's Lagarde have opposing positions

Brazilian economy minister Paulo Guedes said that inflation will become a long-term challenge for Western countries, since “the beast is already out of the bottle”, and central bankers have been caught “sleeping at the driving wheel”.
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Monday, January 24th 2022 - 08:49 UTC
China concerned about a slowing economy cuts lending rates to boost consumption

The Chinese economy expanded 8,1% in 2021, following the 2,2% of 2020, as steadily growing industrial production and exceptional trade performance offset a drop in retail sales. Still, that figure fell short of economists' expectations for an 8.4% growth and year on year growth rate fell to 4,9% in the third quarter and 4% in the fourth quarter.
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Saturday, January 22nd 2022 - 09:45 UTC
Buquebús workers stage protest at Buenos Aires port

The Argentine union of maritime workers SOMU Friday staged a protest at the Buquebús terminal in the port of Buenos Aires to keep ships from sailing off to Uruguay in demand of a due wage increase of 23% agreed upon last year.
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Thursday, January 20th 2022 - 20:16 UTC
December 2021 marks record oil output for Argentina in last 9 years

In the last month of 2021, Argentina has recorded a total oil output of around 559,000 barrels per day (BPD), thus reaching the highest production for the country over the past nine years, it was reported Thursday.
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Thursday, January 20th 2022 - 09:52 UTC
Soap opera foreign policy: US tells Argentina keep up negotiations with IMF

Last October when Argentine president Alberto Fernandez left for Rome to the G20 leaders' summit, his office informed that he was expecting to meet with US president Joe Biden to among other issues address support for Argentina in its ongoing exhausting negotiations with the IMF.
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Thursday, January 20th 2022 - 09:38 UTC
Beijing and Taiwan jockeying for influence in Honduras

Next January 27, the president-elect of Honduras in Central America, a country known to live off the drugs trade and international aid will be taking office. Xiomara Castro, the first woman president of the country, and an icon of the left-wing progressive parties of Latin America promised during her campaign that her administration would cut diplomatic ties with Taiwan and establish full relations with Beijing, as recently happened in neighboring Nicaragua.
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Thursday, January 20th 2022 - 09:22 UTC
Venezuela's elderly demand better pensions

Retired Venezuelan health care workers Wednesday staged a protest in demand for better pensions, claiming that what they were earning were “miserable salaries” with which they were being “starved to death”
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Wednesday, January 19th 2022 - 09:50 UTC
Argentine FM holds meetings in DC as planned

Argentine Foreign Minister Santiago Cafiero was told Tuesday in Washington DC by his colleague, Secretary of State Anthony Blinken, that the United States “strongly supported negotiations with the IMF.”
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Wednesday, January 19th 2022 - 09:35 UTC
International market pushes dollar up in Brazil to R$ 5.56

The commercial dollar traded Tuesday in Brazil at R $ 5.561, a 0.61% increase compared to the previous day after pressure from international markets played their part.
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