Economy

Wednesday, November 16th 2022 - 10:18 UTC
Indec says Argentina's inflation for October reached 6.3%

Argentina's inflation reached 6.3% in October for an 88% interannual result, according to the latest report from the National Institute of Statistics and Census (Indec). According to current projections, it may reach 100% by the end of the year.
Tuesday, November 15th 2022 - 10:01 UTC
UK, US, EU discussing continuation of Black Sea Grain Deal with Russia

UK Foreign Secretary, High Representative of the European Union, and US Secretary of State gave a statement on global food security and Russia sanctions. The statement follows on Russia's complaints that it saw no progress on easing its exports of fertilizers and grain – parts of the Black Sea grain deal that Moscow views as fundamental to extending the initiative beyond next week.
Tuesday, November 15th 2022 - 09:30 UTC
Uruguayan Former Vice President Danilo Astori resigns from his Senate seat

Former Economy Minister Danilo Astori informed the Frente Amplio (Broad Front) party on Monday that he will resign his seat in the Senate on Tuesday.
Tuesday, November 15th 2022 - 09:00 UTC
World's largest meat producer slowdown begins to reflect in Mercosur cattle prices

Brazil’s JBS SA, the world’s largest meat producer reported last Friday that quarterly profit plunged 47.1%, with results still beating analysts’ estimates as higher revenues helped offset shrinking margins in its U.S. beef division.
Monday, November 14th 2022 - 19:56 UTC
Argentine Labor Minister said inflation is not a priority but Qatar World Cup

Only six days before the beginning of the World Cup, which has Argentina as the great favorite, the Minister of Labor, Employment and Social Security of that country, Kelly Olmos, did not hide her enthusiasm for the World Cup in Qatar and said: “Then we continue working on inflation, but first let Argentina win”.
Monday, November 14th 2022 - 10:25 UTC
Brazil's auto industry production and exports in solid recovery

In the first ten months of 2022, Brazil exported 406 thousand car units, representing an increase of 32.4% compared to the same period in 2021. In this context, exports to countries such as Chile, Colombia, and Mexico stood out as the main export destinations for the Brazilian automotive industry.
Saturday, November 12th 2022 - 12:58 UTC
Race plays a key role in personal development, Brazil's IBGE finds

A study released Friday by Brazil's Institute of Geography and Statistics (IBGE) showed that the average income of white workers was 75.7% higher than that of Afrodescendant people. White individuals have also been less affected by unemployment, the report pointed out.
Saturday, November 12th 2022 - 10:41 UTC
Argentina's prices too difficult to match, Uruguayan president admits

Uruguayan President Luis Lacalle Pou Friday insisted his country could not compete with Argentina's prices due to the difference in currency exchange rates and pledges to advance new measures to help businesses in bordering areas heavily affected by residents doing their shopping on the other side.
Friday, November 11th 2022 - 10:20 UTC
Falklands: additional funding for overseas students in higher education considered

Inflation is biting and additional funding for Falkland Islands students studying overseas for their higher or further education is being considered by Falkland Islands government as cost of living escalates globally, Penguin News was told by MLA Leona Roberts, portfolio holder for Education and Community.
Thursday, November 10th 2022 - 10:17 UTC
Mayor of Santos argues privatization of Brazil's largest port has to be addressed by Lula's incoming government

The mayor of the port city of Santos, Rogério Santos, argues that representatives of president-elect Lula da Silva should take part in the privatization process of the Santos Port Authority (SPA), whose auction is scheduled for December.