Economy

• Saturday, October 15th 2022 - 06:27 UTC

  Mercosur wheat: Argentina lack of water, in Brazil is has been pouring for the last month

  

  Extreme situations with the Mercosur wheat crop: while in Argentina drought is drastically cutting production volumes, in Parana, one of the leading wheat states in Brazil, rainfall has plagued harvests.

• Saturday, October 15th 2022 - 06:17 UTC

  PM Truss U-turn on tax cuts, names new Chancellor, to avoid her own sacking

  

  After only turbulent 38 days and a quick return from Washington, Britain's Chancellor of the Exchequer on Friday was fired and a former foreign minister Jeremy Hunt was appointed to replace him.

• Friday, October 14th 2022 - 10:30 UTC

  Argentina close to new deal with Paris Club

  

  Economy Minister Sergio Massa Thursday announced he was close to reaching an agreement with the Paris Club for the repayment of Argentina's debt due by May 2020, which was affected by the COVID-19 crisis.

• Friday, October 14th 2022 - 10:20 UTC

  Bank of England to the rescue, “to restore orderly market conditions”

  

  The Bank of England unveiled further measures to calm market turmoil triggered by the UK mini budget announcement. The bank said it would spend up to 5 billion pounds (€5.7 billion, US$5.5 billion) per day on inflation-linked government debt bonds, or gilts, to further prop up Britain's £2.1-trillion bond market.

• Friday, October 14th 2022 - 10:08 UTC

  IMF experts foresee economic slowdown in the region for 2023

  

  Growth projections in the region next year have been trimmed downwards due to inflation and skyrocketing interest rates, the International Monetary Fund (IMF) announced Thursday.

• Friday, October 14th 2022 - 09:40 UTC

  Guedes underlines Brazil's economic recovery

  

  Brazil's Economy Minister Paulo Guedes told a group of worldwide dignitaries in Washington DC about the South American nation's economic recovery:

• Thursday, October 13th 2022 - 21:30 UTC

  Macri reminds he has not signed up for next year's Argentine primaries

  

  Former Argentine President Mauricio Macri Thursday said in a radio interview that he would not be a candidate in the 2023 elections, despite all signs pointing in that direction after the announcement of his new book to be released on Oct. 18.

• Thursday, October 13th 2022 - 20:57 UTC

  IMF Chief praises Argentine gov't

  

  International Monetary Fund Managing Director Thursday praised the commitment of Argentine President Alberto Fernández's administration to comply with the debt-repayment program agreed upon.

• Thursday, October 13th 2022 - 10:18 UTC

  Chile ups TPM to curb inflation

  

  Chile's Central Bank Wednesday announced an increase of 50 basis points to the Monetary Policy Rate (TPM) which has been now set at 11.25% in a unanimous decision by the Board aimed at tackling inflation.

• Thursday, October 13th 2022 - 09:56 UTC

  IDB grants Argentine US$ 700 mn loan

  

  Argentina is to receive US$ 700 million to increase the Central Bank's reserves after the IDB Board of Directors agreed Wednesday to a Special Development Financing (SDL) package in light of Superminister Sergio Massa's presence in Washington DC for the annual meeting of the International Monetary Fund (IMF) and the World Bank.