Economy

• Thursday, November 10th 2022 - 10:10 UTC

  Paraguayan foreign traders concerned over Waterway toll

  

  Officials and exporters in Asunción continue to object to Argentina's announcement that shipments through the Paraná River Waterway will have to pay a toll, which would generate an extra cost of 7%.

• Thursday, November 10th 2022 - 10:07 UTC

  Chile's interannual inflation on downward path

  

  Chile's inflation in October reached 0.5 % over the previous month, the National Statistics Institute (INE) reported this week. The new figure means an accumulated 11.4 % in the first ten months of 2022 and 12.8 % interannually.

• Thursday, November 10th 2022 - 09:38 UTC

  Argentina's industries highlight exports needed to make up for lack of US dollars

  

  Leaders of Argentina's Industrial Union (UIA) Wednesday highlighted the country's export potential, particularly that of Vaca Muerta, to make up for the loss of foreign currency affecting the nation's coffers.

• Wednesday, November 9th 2022 - 22:00 UTC

  Car sales in Brazil affected by pro-Bolsonaro demonstrations

  

  Brazil's National Association of Motor Vehicle Manufacturers (Anfavea) has reported this week that sales of brand-new cars fell in the past few days as demonstrators took to the streets in several cities nationwide claiming that incumbent President Jair Boolsonaro had defeated Luiz Inácio Lula Da Silva in the Oct. 30 runoffs, thus contradicting the announcement by the Superior Electoral Court (TSE).

• Tuesday, November 8th 2022 - 09:28 UTC

  Argentina to create yet another dollar exchange rate

  

  Argentina's Superminister of Economy, Industry, and Agriculture Sergio Massa Monday announced the creation of yet a new parity between the local currency and the US dollar to be applied to regional economies.

• Monday, November 7th 2022 - 09:30 UTC

  Uruguayan beef makes successful presentation in Shanghai

  

  An Uruguayan team has successfully persuaded would-be buyers at the 5th China International Import Expo (CIIE) in Shanghai of the benefits of a healthy diet containing beef from the South American country.

• Saturday, November 5th 2022 - 10:42 UTC

  Agreement between Argentina, U.S. on undeclared deposits ready to be signed

  

  Argentina's “Superminister” of Economy, Industry, and Agriculture Sergio Massa is counting on an agreement to be signed with the United States shortly to detect undeclared bank accounts abroad which would allow holders to evade taxes.

• Saturday, November 5th 2022 - 10:37 UTC

  Mercosur meatpackers concerned over weaker demand from the Chinese market

  

  Brazilian meatpackers, large and small, have seen a drop in exports during October, which have been considerably slower than during the month of September. Shipments dropped some 43,000 tons, particularly to China, which has caused certain unrest, because the Asian giant has long become Brazil's (and Mercosur) main export market.

• Saturday, November 5th 2022 - 10:20 UTC

  Despite “exceptional” profits, Maersk warns of “dark clouds in the horizon”

  

  Maersk, one of the world’s largest container shipping firms, on Wednesday posted a record profit for the third quarter on the back of high ocean freight rates but also cautioned about a slowdown in demand.

• Saturday, November 5th 2022 - 09:48 UTC

  Ex BoE governor blames much of UK's economic challenges on Brexit

  

  Former Bank of England governor, Mark Carney said that the fall in the pound and shrinking economy after the UK left the European Union, Brexit, had added to “inflationary pressure”.