Economy

Wednesday, March 15th 2023 - 10:50 UTC
Argentina's interannual inflation reaches three digits

Argentina's Consumer Price Index (CPI) for February of 2023 was reported to stand at 6.6%, according to the National Institute of Statistics and Census (Indec), which resulted in interannual inflation of 102.5%. In this scenario, Economy Ministry sources quoted by Buenos Aires media admitted the possibility of not meeting the 60% annual target outlined in the 2023 Budget.
Tuesday, March 14th 2023 - 13:51 UTC
Following the failure of Silicon Valley Bank, the Fed and BoE have issued statements

The Federal Reserve Board on Monday announced that Vice Chair for Supervision Michael S. Barr is leading a review of the supervision and regulation of Silicon Valley Bank, in light of its failure. The review will be publicly released by May 1.
Tuesday, March 14th 2023 - 09:52 UTC
Biden says US banking system safe after Silicon Valley Bank collapse

US President Joseph Biden said his country's banking system was “safe” in the aftermath of last week's collapse of Silicon Valley Bank, a California financial giant specialized in the technology sector. Biden insisted Monday that Americans can “trust that the banking system is safe,” and said he would seek to move forward with stronger regulations.
Monday, March 13th 2023 - 08:48 UTC
Argentina's industry grows 6.3% YoY in January

Argentina's industrial output recorded a 6.3% interannual growth in January of 2023 and 9.6% against the same month of 2019, the Secretariat of Industry and Productive Development reported. It was the second-highest January, only surpassed by 2018. Against January 2022, the sectors that grew the most were Food and Beverages (+9.1%), Automotive (+24.8%), Metal Industries (+8.9%), and Metal Products (+15.2%).
Thursday, March 9th 2023 - 10:55 UTC
Uruguay, Brazil agree on joint infrastructure works

Brazilian and Uruguayan officials have reached an understanding whereby the Rivera airport will become binational, a waterway will be developed, and a new bridge will be built over the Yaguarón river, it was announced after Tuesday's encounter in Brasilia featuring Foreign Ministers Francisco Bustillo and Mauro Viera, among other dignitaries.
Thursday, March 9th 2023 - 10:20 UTC
Chile shows negative inflation in February

Chile recorded a 0.1% decrease in its Consumer Price Index (CPI) for the month of February of 2023 for an interannual 11.9% increase, the National Statistics Institute (INE) reported in Santiago Wednesday. It was the first negative monthly variation since November 2020.
Wednesday, March 8th 2023 - 10:10 UTC
Uruguay generates certainty for Argentine migrants, Lacalle says

Uruguayan President Luis Lacalle Pou Tuesday explained that many Argentines had decided to migrate and settle “across the pond” because his country was one that “generates certainty.”
Monday, March 6th 2023 - 09:55 UTC
Massa announces “wine dollar” for Argentine producers

The Government of Argentina announced during the weekend the creation of yet another foreign currency exchange rate; one to be applied particularly to wine exports, effective next month.
Thursday, March 2nd 2023 - 10:14 UTC
Key members of the Irish Diaspora recognised at the inaugural Business Post Global Irish Diaspora Awards

The Business Post Global Irish Diaspora Awards were held at the Waldorf Hilton, London on Friday, February 24, 2023. With over 70 million people across the globe who claim Irish ancestry, these awards have been established to recognize and celebrate the vast contribution to the world of business that Ireland and its people have made.
Thursday, March 2nd 2023 - 08:53 UTC
Uruguayan February exports 8% less than same month last year

Uruguay's exports, including those shipped out of duty-free zones, totaled US$ 939 million in February of 2023, which represented an 8% decrease. The main reason for this setback was reported to be a drop in sales of beef and by-products, rice, wood, and wooden by-products.