Economy

Saturday, November 19th 2022 - 09:15 UTC
Slight unemployment drop reported in Uruguay

Uruguay's unemployment rate was reported Friday by the National Statistics Institute (INE) to have stood at 7.8% in the month of October, a slight decrease from September's 8.3%.
Friday, November 18th 2022 - 09:23 UTC
UK in recession; Autumn plan anticipates £30 billion in spending cuts and £25 billion in tax hikes.

Chancellor of the Exchequer Jeremy Hunt announced on Thursday a £55 billion fiscal plan with £30 billion in spending cuts and £25 billion in tax hikes. The measures which anticipate a cold winter and long recession in the UK, included an extra two-year freeze on income tax thresholds and a lowering of the top rate of income tax to £125,140
Friday, November 18th 2022 - 09:17 UTC
Inflation projections in Brazil lowered yet again

Brazil's Economy Ministry Thursday released its Macrofiscal Bulletin, which showed that inflation for the year 2022 is projected to amount to 5.85%, an improvement from the previous 6.3% forecast.
Friday, November 18th 2022 - 09:12 UTC
Argentina granted US$ 125mn loan from IDB

The Inter-American Development Bank (IDB) approved a US$ 125 million loan for Argentina to strengthen the country's agricultural health services and the sustainability of its marine resources, it was announced Thursday.
Thursday, November 17th 2022 - 19:17 UTC
No devaluation needed for now in Argentina

The Argentine administration of President Alberto Fernández has been reported to have under its sleeve a strong trade surplus for the month of October with which pressure to devalue the local peso will be deflected, at least for now.
Thursday, November 17th 2022 - 19:09 UTC
Unemployment drops in Brazil

According to the Quarterly Continuous National Household Sample Survey (PNAD) released Thursday by Brazil's Institute of Geography and Statistics (IBGE), the unemployment rate in the third quarter of this year went down from 9.3% to 8.7% overall from the previous quarter, thanks to drops in six states: Paraná (-0.8 %), Minas Gerais (-0.9 %), Maranhão (-1.1%), Acre (-1.8%), Ceará (-1.8%) and Rondônia (-1.9%).
Thursday, November 17th 2022 - 18:51 UTC
Shares of Uruguayan unicorn plummet after rumors of fraud

Shares of the first and only Uruguayan unicorn dLocal, a company that debuted on Wall Street in June 2021 fell up to 43% this from $21 to $10 a piece Wednesday after rumors of fraud went public.
Thursday, November 17th 2022 - 10:00 UTC
UK's double shock, highest inflation in 41 years and a draconian Autumn budget

Chancellor of the Exchequer Jeremy Hunt will unveil this Thursday before Parliament his long-awaited Autumn budget statement, having anticipated to the UK population that “we will be asking everyone for sacrifices.”
Thursday, November 17th 2022 - 10:00 UTC
Considerable container freight rate decline from Asia to Eastern South America

The latest S&P Global Monday release on Platts Americas Container Freight shows that non-Asian export cargo bound for the East Coast of South America saw the greatest freight rate decline, dropping 51.9%, or US$ 2,700, throughout the week, to settle at US$ 2,500/FEU.
Thursday, November 17th 2022 - 09:58 UTC
Moody's: Argentina remains high-risk for 2023

The credit-risk rating agency Moody's insisted this week that Argentina's main concern for the foreseeable future was its domestic debt in local pesos while the country keeps swerving through its financial mercuriality in an electoral year.