Economy

• Sunday, April 30th 2023 - 09:46 UTC

  Argentina needs a way out of the dollar gamble, Mujica says

  

  Former Uruguayan President José “Pepe” Mujica said Argentines have long lost confidence in their currency; hence the jump of the “blue” (a euphemism for “black market”) dollar.

• Saturday, April 29th 2023 - 10:33 UTC

  Fitch highlights Peru's performance

  

  Peru's macroeconomic strength proved decisive for the international agency Fitch Ratings to grade the South American country with a BBB quotation thanks also to its moderate public debt, strong external liquidity, and its fiscal discipline, it was reported.

• Friday, April 28th 2023 - 11:15 UTC

  “Blue” dollar keeps backtracking in Argentina

  

  The “blue” (a euphemism for “black market”) dollar dropped to AR$ 467 Thursday after further announcements and measures from Argentine authorities, after reaching an intraday record of AR$ 497 on Tuesday. It is still an AR$ 72 peso (18.2%) increase for the month of April.

• Friday, April 28th 2023 - 10:59 UTC

  Uruguayan Senate gives nod to pension reform bill

  

  Uruguay's Senate Thursday approved at around 9 pm the pension reform bill which is now up to President Luis Lacalle Pou to be signed into law.

• Thursday, April 27th 2023 - 10:55 UTC

  Spanish PM promises Lula he will push for EU-Mercosur deal closure

  

  Brazilian President Luiz Inácio Lula da Silva Wednesday insisted in Madrid on his unorthodox view regarding the war in Ukraine but the approval of the Mercosur-European Union (EU) deal signed in 2019 that still needs to be ratified looked closer following Prime Minister Pedro Sánchez's comments.

• Thursday, April 27th 2023 - 10:32 UTC

  Argentina: US dollar recoils after Minister Massa's measures

  

  After the “blue” (a euphemism for “black market”) dollar reached nearly AR$ 500 on Tuesday, Superminister Sergio Massa's measures “in order to avoid speculative maneuvers” resulted in a drop to AR$ 474, it was reported in Buenos Aires.

• Thursday, April 27th 2023 - 10:27 UTC

  How well did Uruguay do with S&P's latest ratings?

  

  The credit rating agency Standard & Poor's Wednesday upgraded Uruguay BBB+, with a stable outlook, the highest level in the country's history, it was announced. This index reflects the level of risk involved in lending money to governments according to their economic conditions.

• Wednesday, April 26th 2023 - 03:45 UTC

  Debate in UK Parliament on impacts of Brexit; request for a public inquest

  

  Brexit and its consequences is not a closed issue and remains very much alive. Not only did Scotland, Northern Ireland, Gibraltar reject Brexit, but other Overseas Territories such as the Falkland Islands have suffered from the 2016 initiative.

• Wednesday, April 26th 2023 - 03:23 UTC

  Germany divided on the idea of a four-day working week on full pay; ex communist landers and Free Democrats skeptical

  

  Contrary to recent legislation in Chile and in other European countries, a survey found that 55% of people living in Germany do not consider four-day working weeks on full pay desirable, according to the results published on Tuesday. The four-day model, as opposed to the five-day workweek that is customary in most industrialized countries, has been the subject of many trials in recent times.

• Tuesday, April 25th 2023 - 19:46 UTC

  Argentine gov't losing grip: peso keeps plummeting

  

  By Mordechai Taji – Argentina's authorities are losing grip of the economy as the “blue” (a euphemism for “black market”) dollar hit AR$ 497 Tuesday before recoiling to AR$ 487, then bouncing back to AR$ 490, down again to AR$ 487 and back up once more to AR$ 495 amid growing unrest.