Economy

Thursday, October 13th 2022 - 02:41 UTC
Mayor of Buenos Aires wants federal gov't to quit improvising

Following the President Alberto Fernández administration's creation of a so-called “Qatar dollar” for transactions abroad with credit cards, Buenos Aires Mayor and potential presidential candidate said nobody will “invest in Argentina with so many exchange rates.”
Thursday, October 13th 2022 - 02:34 UTC
Parts of Uruguay on brink of agricultural emergency due to poor rains

Uruguay's Livestock, Agriculture, and Fisheries Minister Fernando Mattos has not ruled out declaring a national emergency due to the water deficit caused by poor rains, despite western and southern parts of the country being the most severely affected by the lack of rainfall during the winter.
Wednesday, October 12th 2022 - 09:43 UTC
France with gasoline and diesel outages because of oil refineries strikes

Industrial conflict in French oil refineries has left many gasoline stations without fuel forcing the government to requisition with a court order, essential workers to staff oil depots of companies in conflict.
Wednesday, October 12th 2022 - 09:26 UTC
IMF anticipates recession in Germany and Italy next year and an almost halt for the UK economy

The International Monetary Fund (IMF) on Tuesday predicted that Germany and Italy would both fall into recession next year, while Great Britain the G7 best performing economy this year, will come to an almost halt in 2023, following on the announcement of the mini budget by the Liz Truss government.
Tuesday, October 11th 2022 - 17:56 UTC
Argentina burdened by high inflation and multiple exchange rates

Argentina's economy seems to have a dark future ahead, according to reports in Buenos Aires media highlighting that inflation in the first week of October alone reached 2.8 % in the price of food.
Tuesday, October 11th 2022 - 10:29 UTC
World Bank, IMF heads foresee recession ahead

The planet must prepare itself for a full-size recession, according to forecasts announced Monday by the heads of the International Monetary Fund (IMF) and the World Bank, who spoke of economic headwinds ahead.
Monday, October 10th 2022 - 18:55 UTC
Nobel Economics Prize split among 3 US scholars

The Nobel Prize in Economics was awarded to Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig of the United States “for their research on banks and financial crises,” it was announced in Stockholm Monday.
Saturday, October 8th 2022 - 10:16 UTC
Uruguay launches stamp, announces coin commemorating Andes plane crash

Uruguayan President Luis Lacalle Pou Friday took part in a ceremony marking the 50th anniversary of the so-called Andes tragedy, an airplane crash that made history since many victims survived after being left for dead.
Saturday, October 8th 2022 - 10:13 UTC
Colombian president desists from taxing extractive industries

The government of president Gustavo Petro is back stepping from one of his electoral campaign pledges, taxing extractive industries to have Colombia rapidly transit a green, environment friendly economy.
Saturday, October 8th 2022 - 10:05 UTC
Argentina passes IMF test, gets US$ 3.8 billion

The International Monetary Fund's Board of Directors Friday approved the 2022 second semester review, thus clearing the way for a US$ 3.8 billion disbursement in favor of Argentina.