Economy

Thursday, October 27th 2022 - 10:16 UTC
UK's Autumn's budget delay to Nov 17, leaves BoE on the dark as to interest rate increase next week

Since British Chancellor of the Exchequer Jeremy Hunt pushed back this year's autumn statement (expected “mini budget”) --from Halloween to 17 November--. Bank of England who are meeting on 3 November have been left without guidance as to the government's tax and spending policies.
Thursday, October 27th 2022 - 10:14 UTC
Uruguay successfully issues US$ 1,5 billion “green linked bond,” with US$ 3,96 billon demand

On Friday October 20, Uruguay issued its first sustainability-linked bonds (SLB), with a step-down mechanism that is activated if it reaches certain environmental targets. The purpose is to align the country’s sovereign debt policy with its climate goals by issuing a bond that links the coupon to compliance with the climate and environmental goals that the country set in its first Naturally Determined Contribution (NDC) to the Paris Agreement.
Thursday, October 27th 2022 - 10:08 UTC
Boosted by fertilizers, Brazil/Canada bilateral trade breaking records

Another record year for Brazil/Canada bilateral trade. Between January and September of this year, the trade flow – which represents the sum of imports and exports – totaled US$ (FOB) 8.223 billion, surpassing the US$ (FOB) 7.497 billion accumulated in the 12 months of 2021.
Thursday, October 27th 2022 - 09:50 UTC
Car production halted in Argentine plant due to lack of imported parts

Carmakers Fiat had to halt production Wednesday at its plant in the Argentine province of Córdoba due to the lack of imported inputs, the Stellantis group explained.
Thursday, October 27th 2022 - 09:38 UTC
Uruguayan customs to up smuggling controls

Uruguayan Customs is to seize any package over 5 kilos to protect traders in border towns, who suffer the consequences of the depreciation of the Argentine peso which makes shopping across the border more convenient, it was announced.
Wednesday, October 26th 2022 - 21:34 UTC
Argentine team off to France for Paris Club debt talks

A technical team headed by Argentina's National Institute of Statistics and Census Chief Marco Lavagna is on its way to Paris to renegotiate the nearly US$ 2.500 billion debt the South American country has with 24 agencies and banks from 16 countries.
Wednesday, October 26th 2022 - 19:30 UTC
Over a quarter of a million new jobs created in Brazil

According to a report from Brazilian economic authorities released Wednesday, South America's largest country generated around 278,000 new formal jobs in September this year.
Wednesday, October 26th 2022 - 19:26 UTC
Argentine ruling party creates yet a new tax by a 1-vote difference referred as “the Milei tax”

Argentina's Lower House passed the 2023 budget bill in the wee hours of Wednesday. Among the most significant changes was an Airport Security tax which will reportedly help support the Airport Security Police (PSA).
Wednesday, October 26th 2022 - 09:21 UTC
Lacalle off to Japan to boost Uruguay's foreign trade

Uruguayan President Luis Lacalle Pou is off on an official mission to Japan to boost bilateral trade, it was reported Tuesday in Montevideo. In the meantime, Vice President Beatriz Argimón will be in charge of the Executive until Oct. 31.
Wednesday, October 26th 2022 - 07:37 UTC
Challenge for Brazil beef market: plenty of cattle, domestic demand flat and China bargaining prices

Brazilian cattle prices are down this year and strong demand for the country’s beef exports will widen Brazilian meatpackers’ margins in the short term, according to analysts, though weakness in the domestic market could undercut those gains.