Economy

• Wednesday, September 6th 2023 - 11:06 UTC

  Car manufacturing continues to grow in Argentina

  

  Car manufacturing in Argentina grew year-on-year, according to a report released Tuesday by the Association of Automotive Manufacturers (Adefa), which showed production reached 408,486 units, 19.5% higher than the 341,788 units from the same period of 2022. Adefa also said 63,455 vehicles were built in August, 17.4% more than in the same month of 2022 and 28.8% above July's figures.

• Wednesday, September 6th 2023 - 10:40 UTC

  Chile's Central Bank lowers interest rate to 9.5%

  

  Chile's Central Bank Council agreed unanimously Tuesday to lower the basic interest rate from 10.25 to 9.5% given the reduction in global inflation, it was reported in Santiago.

• Tuesday, September 5th 2023 - 10:23 UTC

  Panama Canal congestion: “skipping the queue immensely costly”; east South America suffering

  

  Vessels in queue for transit across the Panama Canal stood at 128 ships on September first, some 42% above the 90 average, but 21% below the figure a month ago. While container ships, which have fixed schedules, tend to have reserved slots, the voyage plans for the tramp trades continue to be hit hard by the ongoing congestion brought about by drought and subsequent draft and transit restrictions put in place by the Panama Canal Authority (ACP).

• Monday, September 4th 2023 - 07:38 UTC

  Brexit tariffs, not the EU’s Malvinas blunder, are the real issue worrying Falkland Islanders

  

  Boris Johnson’s deal made no provision for exports from the UK overseas territories
  
  By Teslyn Barkman (*) – In July, a joint communiqué signed in Brussels by 60 European Union and Latin American nations referred to the Falkland Islands as the “Islas Malvinas” despite last-minute attempts by UK foreign secretary James Cleverly to persuade them to drop the reference.

• Monday, September 4th 2023 - 07:25 UTC

  Uruguay to resume meat exports to Mexico

  

  Uruguay announced the resumption of meat exports to Mexico after three years, with 22 slaughterhouses authorized to sell beef and sheep meat to that country for the next two years, it was reported in Montevideo.

• Saturday, September 2nd 2023 - 10:05 UTC

  Uruguayan exports suffer 17% YoY drop

  

  According to a study by consultants Uruguay XXI released Friday in Montevideo, exports from the South American country -duty-free zones included- totaled US$ 1.027 billion in August, which represented a 17% year-on-year drop.

• Friday, September 1st 2023 - 10:02 UTC

  Unemployment reaches lowest figures since 2015 in Brazil

  

  According to a report from Brazil's statistics bureau (IBGE) released Thursday, unemployment in South America's largest country stood at 7.9% (around 8.5 million people) in the second quarter of 2023, the lowest number since 2015 and a 0.6% decrease from the quarter ending in April.

• Friday, September 1st 2023 - 09:27 UTC

  Lula launches Brazil Without Hunger program

  

  President Luiz Inácio Lula da Silva Thursday launched the Brazil Without Hunger program in Teresina, the capital of the State of Piauí, Agencia Brasil reported.

• Thursday, August 31st 2023 - 15:25 UTC

  Fragile countries, impacted by conflict and climate change, threatened by hunger, IMF report

  

  Fragile countries, and those impacted most by conflict, are already being unevenly hit by the effects of climate change, and are less able than other countries to mitigate those impacts, according to a report published by the International Monetary Fund (IMF) on Wednesday.

• Thursday, August 31st 2023 - 09:21 UTC

  4 countries against Argentina collecting tolls on Paraná Waterway

  

  Paraguay, Brazil, Bolivia, and Uruguay insisted Wednesday on their objections to Argentina collecting tolls on the Paraná River Waterway and demanded the latter to halt that practice until it demonstrates services effectively rendered to navigation justify the measure.