Economy

• Wednesday, December 7th 2022 - 12:26 UTC

  Cheaper gasoline and diesel fuel prices in Brazil

  

  Brazil's oil and gas giant Petrobras started implementing a reduction in fuel prices at its refineries gates, effective this week. Gasoline price with being reduced 6,1% from R$ 3,28 to R$ 3,08, while A diesel on average will be dropping from R$ 4,89 to R$ 4,49, equivalent to an 8,2% rebate.

• Wednesday, December 7th 2022 - 10:45 UTC

  Slight drop in Uruguayan inflation reported through new measurement

  

  Uruguay's inflation for the month of November of 2022 showed a -0.28% variation according to the National Institute of Statistics (INE) report released Monday. With these data, the accumulated CPI increase for the year reached 8.57% and 8.46% interannually (in the last 12 months).

• Tuesday, December 6th 2022 - 10:50 UTC

  Argentina to take over Mercosur's pro-tempore presidency amid Uruguay's solo deals

  

  Argentina is to take over Tuesday the pro-tempore presidency of Mercosur from Uruguay in Montevideo, where the hosts' unilateral search for other markets behind the regional bloc's back has stirred controversies.

• Tuesday, December 6th 2022 - 10:03 UTC

  Argentina signs deal with US regarding undeclared taxpayers' assets

  

  Argentina's Superminister of Economy, Industry, and Agriculture Sergio Massa Monday signed an agreement with US Ambassador Marc Stanley for the automatic exchange between the two countries of information about undeclared assets owned by local taxpayers.

• Tuesday, December 6th 2022 - 09:48 UTC

  Brazil's Central Bank adjusts 2022 inflation projections by 0.01%

  

  Brazil's yearly inflation has been projected to reach 5.92% by the end of 2022, a 0.01% increase from last week's estimates, according to the Central Bank's (BCB) bulletin released Monday, while the Gross Domestic Product is expected to close at 3.05%.

• Tuesday, December 6th 2022 - 08:30 UTC

  Remittances to Latin America and the Caribbean in 2022 grew 9,3% and reached US$ 142 billion, WB report

  

  Remittances to low- and middle-income countries (LMICs) in 2022 grew an estimated 5% to US$626 billion, according to the latest World Bank Migration and Development Brief.

• Monday, December 5th 2022 - 10:55 UTC

  Mercosur Summit to kick off in Montevideo with CPTPP issue topping the agenda

  

  The 61st Summit of the Southern Common Market (Mercosur) is starting Monday in Montevideo. During the two-day event, Uruguay is to hand over the six-month pro tempore presidency of the group to Argentina.

• Saturday, December 3rd 2022 - 13:00 UTC

  Shanghai Freight Index shows that rates this month will be at pre Covid-19 pandemic level and sliding

  

  Further slides in the Shanghai Containerized Freight Index (SCFI) are continuing, and it is expected that by mid December, freight levels will be at pre-pandemic levels. Last 18 November SCFI stood at 1,307 points, plunging 74% from an all-time high of 5,110 points on 7 January, and bringing the index near the 1,000 points seen in January 2020, just before the Covid-19 crisis erupted.

• Saturday, December 3rd 2022 - 12:02 UTC

  Brazil bilateral trade with Qatar has leaped in the buildup to the World Cup

  

  Despite a last shock surprise defeat against Cameroon, Brazil is in the Round of 16 and still standing as one of the favorites to reach the final round of Qatar 2022 World Soccer Cup. And despite its sporting performance, Brazil has had a huge leap in bilateral trade with the buildup to the Qatar event.

• Saturday, December 3rd 2022 - 09:40 UTC

  Lula to give free rein to economic team, but not too loose

  

  Brazil's President-elect Luiz Inácio Lula da Silva Friday said that whoever is appointed economy minister under him will have the necessary autonomy so long as he or she does not forget who was the one elected for the people to rule the country, which meant that the head of state will not be absent from the most relevant decisions.