Economy

Saturday, December 7th 2024 - 10:59 UTC
FTA to represent 5.1% increase in Brazil's commerce with EU

A Brazilian expert foresees that the Free Trade Agreement (FTA) between the Southern Common Market (Mercosur) and the European Union (EU) will represent a 5.1% increase in commerce with the bloc that is already South America's largest country's second-largest partner, behind China, Agencia Brasil reported. These projections would mean a 0.34% rise in the Gross Domestic Product (GDP), the sum of goods and services produced in the country.
Add your comment!
Friday, December 6th 2024 - 23:07 UTC
Mercosur-EU FTA signed at last

The South American Common Market (Mercosur) and the European Union announced Friday in Montevideo the final signing of the Free Trade Agreement (FTA) between both blocs, thus creating the largest and most populated commerce zone worldwide. The understanding was reached after 25 years of negotiations and despite France's reluctance.
Add your comment!
Friday, December 6th 2024 - 10:55 UTC
Mercosur-EU FTA ratification imminent

Momentum is building up in Montevideo as the presence of European Commission President Ursula von der Leyen seems to herald the imminent signing of the Free Trade Agreement (FTA) with the Southern Common Market (Mercosur) as Brussels needs to halt China's commercial expansion in the region while Donald Trump's return to the White House looms over.
1 comment
Friday, December 6th 2024 - 10:23 UTC
Argentina's BCRA lowers basic interest rate again

Argentina's Central Bank (BCRA) announced Thursday a reduction in the basic interest rate (Nominal Annual Rate - TNA), from 35% to 32% while one for swaps will go down from 40% to 36%. The measure is effective as of Friday and impacts all fixed-term deposits.
Add your comment!
Friday, December 6th 2024 - 10:00 UTC
Relief in Brazil, EU negotiators agree to delay anti-deforestation bill until end of 2025

The implementation of the European Union Deforestation Regulation bill has been postponed until the end of 2025, following a provisional political agreement this week, between the European Parliament and the European Council.
Add your comment!
Thursday, December 5th 2024 - 10:55 UTC
Mercosur-EU deal at stake at Montevideo Summit starting Thursday

The Southern Common Market (Mercosur) hopes to clinch the Free Trade Agreement (FTA) with the European Union (EU) during the two-day regional bloc's Summit starting Thursday in Montevideo with European Commission President Ursula von der Leyen as the main guest.
Add your comment!
Thursday, December 5th 2024 - 06:05 UTC
Shipping sectors benefit from the Red Sea blockade, boosting demand for ships and higher fares

But the Red Sea shipping scenario with the Houthis attacks, and to a smaller extent, the drought in Panama – have had as can be expected in such situations, some sectors that can benefit. That is why most shipping sectors have experienced the strongest growth in ton-miles registered this year since 2010, helping prop up rates to highly profitable levels
Add your comment!
Wednesday, December 4th 2024 - 21:30 UTC
Brazil: IBGE says growth in 3Q reached 0.9%

Brazil's economy grew 0.9% in the third quarter of 2024, according to data released this week, Agencia Brazil reported Wednesday citing figures from Brazil's Institute of Geography and Statistics (IBGE), which represented a 4% yoy increase in the country's Gross Domestic Product (GDP)—the total of all goods and services produced nationwide.
Add your comment!
Wednesday, December 4th 2024 - 09:54 UTC
Uruguayans do their shopping in Brazil to capitalize on surging US dollar

Uruguayan retailers in cities bordering Brazil have expressed concern after residents increased their tendency to shop abroad in the face of the recent rise in the US dollar. Meanwhile, duty-free shops are looking for strategies to cushion the drop in sales to the Brazilian public, amid fears of a surge in smuggling.
Add your comment!
Tuesday, December 3rd 2024 - 20:46 UTC
China Eastern Airlines pivotal in Chilean exports

The role of China Eastern Airlines carrying Chilean exports into the Asian giant was highlighted Monday in Beijing, on the opening day of the Chile Week event. China's share in Chile's forestry and livestock shipments rose from 13% in 2013 to 30% in 2023, it was also explained.
Add your comment!