Economy

Wednesday, January 10th 2024 - 11:21 UTC
China and new Argentine government find areas to soothe relations

Argentine foreign minister Diana Mondino is proving to be an efficient peace maker. Despite president Javier Milei aggressive rhetoric towards the Beijing regime during and after the electoral campaign, Ms. Mondino seems to have managed a working understanding with the Chinese government.
Tuesday, January 9th 2024 - 10:59 UTC
Argentine FM to meet with Chinese ambassador amiid growing tension

Argentine Foreign Minister Diana Mondino is to meet on Thursday or Friday with Chinese Ambassador Wang Wei to discuss a US$ 6.5 billion currency swap brokered by former Economy Minister Sergio Massa last year, among other topics.
Monday, January 8th 2024 - 12:59 UTC
Back from Antarctica, Milei calls opponents “useful idiots” and defends 30% inflation

Argentine President Javier Milei returned this weekend to the mainland after touring the Marambio and Esperanza Bases in Antarctica, it was reported in Buenos Aires.
Monday, January 8th 2024 - 12:50 UTC
Milei praises Minister Caputo and says 30% monthly inflation would be ”a great achievement”

Argentine President Javier Milei praised Economy Minister Luis Toto Caputo for his management of the country's inflation for December 2023 and said that if it reached 30% it would be “a great number” because previous estimates spoke of 45%.
Monday, January 8th 2024 - 12:29 UTC
Uruguayan authorities project 4.9% inflation for 2024

Uruguayan authorities forecast a 4.9% inflation for 2024 while the target range will remain between 3 and 6%, the Macroeconomic Coordination Committee reported in Montevideo.
Monday, January 8th 2024 - 11:29 UTC
US Congress reaches deal to avert gov't shutdown

Lawmakers from both major parties have reached a deal to avoid a US government shutdown in 2024, Democratic leader Chuck Schumer and Republican House Speaker Mike Johnson announced Sunday in Washington DC.
Saturday, January 6th 2024 - 10:50 UTC
US farmers and beef lobbies want to stop the import of fresh meat from Paraguay

A wide ranging alliance of US government officials, cattle farmers and beef organizations gathered to strongly oppose the purchase and import of fresh beef from Paraguay, but a final ruling from the US Department of Agriculture's Animal and Plant Health Inspection Service decided in favor of the Mercosur country member. The decision became effective last December 14 and opens the doors to the Paraguayan produce.
Friday, January 5th 2024 - 10:19 UTC
Paraguayan pork exports record significant increase

According to a report from Paraguay's National Service of Animal Quality and Health (Senacsa) released this week in Asunción, pork exports have been recording growing numbers since 2019 and reached a 173% increase from 2022 to 2023.
Friday, January 5th 2024 - 10:15 UTC
Uruguay: Inflation within target for first time in many years

Inflation in Uruguay during the year 2023 amounted to 5.1%, it was reported in Montevideo. The South American country's lowest rate in 18 years was achieved mainly thanks to prices reasonably stable in household goods, transportation, and communications, it was explained by the National Institute of Statistics (INE). The Consumer Price Index (CPI) grew only 4.9% in 2005.
Thursday, January 4th 2024 - 10:42 UTC
Uruguayan exports fall but 2023 still a good year

Uruguay's sales abroad dropped 13% interannually, according to a study released this week in Montevideo. Uruguay XXI's Annual Uruguay Trade Report showed that “neither the external nor the internal context contributed to Uruguayan exports of goods.” Uruguay XXI also noted that despite the fall from 2022 figures, 2023 was “the second year with the highest value exports in the last decade.”