Economy

• Monday, January 23rd 2023 - 09:57 UTC

  Lula da Silva overshadowing Mercosur diplomacy and trade agreements

  

  A free trade agreement between Uruguay and China would destroy Mercosur since it contradicts the block's integration policies, according to Brazilian Foreign Minister Mauro Vieira said in a Sunday interview with Folha de Sao Paulo, a leading daily of the country's financial capital.

• Saturday, January 21st 2023 - 11:33 UTC

  Argentine mining exports hit highest level since 2012

  

  According to a report released this week by Argentina's Mining Secretariat, the South American country's sales abroad of these minerals totaled US$ 322 million in December of 2022, with 98% of shipments stemming from the provinces of Santa Cruz (44.6%), San Juan (22.4%), Jujuy (19.1%), Salta (7.7%) and Catamarca (4.0%).

• Saturday, January 21st 2023 - 10:22 UTC

  UK cost of living: King Charles wants profits from his wind farm be distributed among the public

  

  King Charles III has requested that the annual profits from his wind farm deal be directed towards helping the cost of living crisis in the UK rather than support the royal family, the Crown Estate confirmed this week.

• Saturday, January 21st 2023 - 10:18 UTC

  Brazilian 2022 agribusiness exports totaled US$ 160bn, up 32% from previous year

  

  Brazilian agribusiness exports totaled almost US$ 160 billion in 2022, up 32% over the previous year, influenced by the performance of international prices, according to the Secretariat of Trade and International Relations (SCRI) from the Ministry of Agriculture and Livestock

• Saturday, January 21st 2023 - 10:10 UTC

  US/Brazil bilateral trade reaches a new record, US$ 88,7 billion

  

  Trade between Brazil and the United States in 2022 reached a historic level of US$ 88.7 billion. An original analysis of Amcham’s “Brazil-US Trade Monitor”, release by Canal Rural, indicates that the value surpassed the previous record set in 2021 by US$18.2 billion (25.8%).

• Friday, January 20th 2023 - 10:07 UTC

  Argentina's trade surplus in 2022 shows significant drop

  

  Argentina recorded a trade surplus in 2022 of US$ 6.923 billion, according to a National Institute of Statistics and Census (Indec) report released Thursday. It was a significant setback from the US$ 14.751 billion recorded in 2021, particularly after additional restrictions were placed on imports in the second semester after Super Economy Minister Sergio Massa took office.

• Thursday, January 19th 2023 - 19:46 UTC

  ECLAC sees great stress ahead for Latin America

  

  The Economic Commission for Latin America and the Caribbean (ECLAC) foresees “great stress” and a “cascade of crises” including rampant inflation and increasing climate change that will affect the livelihoods of people in the region.

• Thursday, January 19th 2023 - 10:30 UTC

  Darwin Plus Local funding scheme for South Georgia projects' applicants

  

  The Government of South Georgia & the South Sandwich Islands (GSGSSI) is proud to promote and encourage science that contributes to developing and upholding best-practice environmental management and that supports the active management and good governance of the Territory.

• Thursday, January 19th 2023 - 10:02 UTC

  Paraguay's Central Bank foresees 4% inflation for 2023

  

  Paraguay's Central Bank (BCP) will target a 4% inflation for the year 2023 after a slowdown has already been detected, BCP Chief Economist Miguel Mora said Wednesday. The monetary authority will also seek to guarantee price stability for local consumers despite a depreciation of the guaraní (₲) against the US dollar.

• Thursday, January 19th 2023 - 09:59 UTC

  IMF and IDB willing to help Brazil manage spending cap

  

  Brazil's Economy Minister Fernando Haddad said Tuesday after a meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva that the agency was willing to help South America's largest country handle its fiscal situation, Agencia Brasil reported.