Economy

• Monday, November 13th 2023 - 20:47 UTC

  Argentine beef eaters turn to cheaper meats and veggie diets as incomes plunge and beef prices soar

  

  An Argentine university has elaborated a study on barbecue meat, one of the most common and popular beef cuts in the country, during a seven year period to include consumption habit changes and most importantly the increase in price of the product.

• Monday, November 13th 2023 - 10:55 UTC

  Private researchers underscore Paraguay's economic progress

  

  Private economic studies published recently showed Paraguay was on an upward trajectory. According to Banco Itaú, the South American country's economic activity expanded in the second quarter of 2023 following the normalization of agricultural production after a severe drought last year. In this scenario, the Gross Domestic Product (GDP) growth projection for the end of the year remained at 5.6%, the research showed.

• Monday, November 13th 2023 - 10:13 UTC

  House Speaker launched draft to avoid US gov't shutdown

  

  Republican Congressman Mike Johnson has submitted a last-minute budget proposal to avoid a shutdown of the government of the United States, it was reported in Washington DC.

• Saturday, November 11th 2023 - 10:16 UTC

  Former VP Astori, architect of Uruguay's 21st century economy, dead at age 83

  

  Former Uruguayan Vice President Danilo Astori (2010-2015) died Friday at the age of 83 from complications following a hip fracture for which he had been hospitalized since late October, it was reported in Montevideo. Astori had resigned his seat on the Senate late last year due to other health problems.

• Saturday, November 11th 2023 - 10:12 UTC

  APEC: No major breakthrough expected from Biden-Xi meeting

  

  San Francisco is finalizing its arrangements for the Asia-Pacific Economic Cooperation (APEC) Summit during which a key meeting between Presidents Joseph Biden of the United States and Xi Jinping of China is expected to take place on Nov. 15. Xi and Biden will get together to discuss a range of “potentially contentious” topics including the need for military-to-military dialogue.

• Friday, November 10th 2023 - 10:02 UTC

  US market reopened for Paraguayan beef

  

  The United States has reopened its doors to Paraguayan beef after 25 years, President Santiago Peña announced Thursday together with US Undersecretary of State for Economic Growth, Energy and Environment José W. Fernández and US Ambassador Marc Ostfield, it was reported in Asunción.

• Wednesday, November 8th 2023 - 19:06 UTC

  Brazil to become world's leading chicken meat exporter in 2024

  

  According to the United States Department of Agriculture (USDA), global chicken meat exports are expected to reach at least 14 million tons next year, marking a 2.91% growth compared to this year’s exports.

• Wednesday, November 8th 2023 - 10:55 UTC

  Argentina makes payment to IMF in yuan

  

  Argentina has complied with the payment of interests to the International Monetary Fund for US$ 790 million, it was reported Tuesday in Buenos Aires.

• Wednesday, November 8th 2023 - 09:01 UTC

  Peña praises ECLAC and wants more Chilean investments in Paraguay

  

  Paraguayan President Santiago Peña spoke Tuesday in favor of free trade and environmental protection during his appearance before the Economic Commission for Latin America (ECLAC) at its Santiago (Chile) headquarters.

• Tuesday, November 7th 2023 - 10:17 UTC

  Moody's says adjustment in Argentina inevitable

  

  A recent report from Moody's heralded that a macro-fiscal adjustment is inevitable in Argentina regardless of who wins the Nov. 19 runoff between Economy Minister Sergio Massa and Libertarian Congressman Javier Milei.