Economy

• Thursday, January 19th 2023 - 07:50 UTC

  Argentine announces repurchase of debt bonds

  

  Argentina's Superminister of Economy, Agriculture, and Production Sergio Massa Wednesday announced he had instructed his team to launch a “debt repurchase” process for over US$ 1 billion “to improve the debt profile and continue lowering the country risk,” while bringing it closer to accessing foreign credit.

• Wednesday, January 18th 2023 - 20:25 UTC

  UN Secretary-General warns many countries are on the brink of recession

  

  United Nations Secretary-General António Guterres denounced Wednesday during his appearance before the World Economic Forum (WEF) in Davos, Switzerland, that many countries were on the brink of recession, amid growing inflation in economies still to recover from the Covid-19 pandemic.

• Wednesday, January 18th 2023 - 15:36 UTC

  Brazilian rice exports jumped 85% during 2022 compared to 2021

  

  As Brazil continues to expand its agriculture frontiers and farming techniques, two cereals of which the country has been historically an importer are becoming increasingly self-sufficient. This is particularly true for wheat and rice, with most crops in the southern states of the country.

• Wednesday, January 18th 2023 - 10:46 UTC

  Latin American exports lose momentum in 2022 and 2023, report by IDB Bank

  

  Latin America and the Caribbean value of goods exported during 2022 rose at an estimated 18.8% rate, which represents a downward trend in the region's commerce figures of some 27,8% when comparing 2021 with 2022, according to a report from the Inter American Development Bank, IDB.

• Wednesday, January 18th 2023 - 10:40 UTC

  Paraguay trade deficit reached US$ 1,3billion in 2022 speared by a 16,1% increase in imports

  

  Mercosur junior member Paraguay ended 2022 with a negative trade balance of US$ 1,288.9 million, as a result of a 16,1% increase in total imports according to the country's Central Bank, BCP.

• Wednesday, January 18th 2023 - 09:43 UTC

  Uruguay extends agricultural emergency to support drought-hit producers

  

  Uruguay's Minister of Livestock, Agriculture, and Fisheries Fernando Mattos Tuesday announced that the Government of President Luis Lacalle Pou was extending the agricultural and livestock emergency until April.

• Wednesday, January 18th 2023 - 09:32 UTC

  “Blue” dollar hits new highs against Argentine peso

  

  The most widely spread exchange rate between the Argentine peso and the US dollar -known as “blue” - went up AR$ 8 Tuesday hitting a new all-time high of AR$ 378 = US$ 1, it was reported in Buenos Aires.

• Tuesday, January 17th 2023 - 19:59 UTC

  Alberto Fernández: Argentina was the “second fastest growing economy in the world after China”

  

  The President of Argentina, Alberto Fernández, highlighted Tuesday the growth of the Argentine economy in the last two years and valued the Government's progress in infrastructure.

• Tuesday, January 17th 2023 - 14:02 UTC

  Uruguay has the second highest minimum wage in Latin America: See how much is earned in each country

  

  The German media Statista, specialized in the disclosure of market data, shared in recent days a new report on minimum wages in Latin America for 2023.

• Tuesday, January 17th 2023 - 10:39 UTC

  Scarce encouragement for the ocean freight industry from the Chinese New Year

  

  In a severe display of the weak demand undermining the containerized ocean freight industry, the latest data from Xeneta reveals carriers blanked more than six times the number of sailings on the main Asia to US West Coast corridor leading up to Chinese New Year as they did in the equivalent period of 2019, just before the global ´pandemic.