Economy

Thursday, November 16th 2023 - 10:18 UTC
Biden, Xi resume direct talks after over a year of top-level silence

After going no contact for over a year, Presidents Joseph Biden of the United States and Xi Jinping of China met Wednesday in San Francisco on the sides of the Asia-Pacific Economic Cooperation (APEC) Summit.
Thursday, November 16th 2023 - 07:57 UTC
Hard times ahead for wine in Chile; climate change hits the industry in northern hemisphere

Hard times for the grape and wine sector in Chile, with a drastic drop in exports and slower domestic consumption, hitting the profits of both small and large industries and farmers.
Wednesday, November 15th 2023 - 09:38 UTC
Paraguay's agriculture exports keep growing

Paraguayan exports totaled US$ 14.438 billion in the first ten months of 2023, a 23.6% improvement from the same period last year, a foreign trade report released by the Central Bank of Paraguay (BCP) showed.
Tuesday, November 14th 2023 - 09:19 UTC
Argentina's monthly inflation back to one-digit figures

Argentina's National Institute of Statistics and Census (Indec) announced Monday in Buenos Aires that October's Consumer Price Index (CPI) stood at 8.3% for a 142.7% year-on-year. These results showed a return to one-digit monthly inflation after 12.7% in September and 12.4% in August for an accumulated 120% in the first ten months of 2023, Indec also noted.
Monday, November 13th 2023 - 20:54 UTC
Panama Canal shipping queues: Punta Arenas dreams of a re-edition of pre 1914 scenario

Punta Arenas in the extreme south of Chile and the South American continent is again illusioned with the re edition of pre 1914 times, before the United States finished the Panama Canal and created the state of Panama, significantly cutting the time of shipping wishing to cross from the Pacific to the Caribbean and vice versa, and ensuring safe and reliable links between the East and West coasts of the US.
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.