Economy

• Tuesday, January 10th 2023 - 10:28 UTC

  US trade deficit contracts the most in 14 years; fears the Fed is hiking rates too fast

  

  The United States trade deficit contracted by the most in nearly 14 years in November as slowing domestic demand amid higher borrowing costs depressed imports.

• Tuesday, January 10th 2023 - 09:15 UTC

  FAO food prices dipped 1,9% in December but overall 2022 prices are 14,3% higher than 2021

  

  The index of world food prices dipped for the ninth consecutive month in December 2022, declining by 1.9% from the previous month, the Food and Agriculture Organization of the United Nations (FAO) reported.

• Monday, January 9th 2023 - 09:51 UTC

  Argentina finalizes currency swap with China

  

  Argentina's Central Bank (BCRA) and the People's Bank of China (PBC) have reactivated a currency swap to help the South American country offset foreign exchange market operations and strengthen reserves.

• Saturday, January 7th 2023 - 07:00 UTC

  Port of Santos goal, becoming one of ten largest container ports, and definitively, “no privatization” under Lula

  

  Recently appointed Brazilian Minister of Ports and Airports, Márcio França, said that his goal is to make the Port of Santos one of the ten largest ports in terms of container movement in the world. The statement was made at a press conference after the ceremony in which he took office, in Brasília.

• Saturday, January 7th 2023 - 06:57 UTC

  Ecuador expects to ink a wide ranging free trade agreement with China

  

  Ecuador has reached a free trade agreement with China which is expected to increase the country's exports by a billion US dollars as well as boost the growth in the industrial sector, it was announced.

• Saturday, January 7th 2023 - 06:55 UTC

  Uruguay goods' exports up 16,5% in value year to year and reach US$ 13,36bn

  

  Uruguay’s goods exports grew 16.5% in value during the past year, to reach a record high of US$ 13.36 billion, according to the country's trade promotion agency.

• Friday, January 6th 2023 - 19:33 UTC

  Argentina lifts export duties for automotive exports

  

  Argentina's Economy Sergio Massa has announced that exports linked to the so-called automotive chain will not be charged in 2023 the additional duties applicable to other products sold abroad. Automotive exports are expected to grow between 10 and 15% this year after a 23.5% output increase in 2022.

• Friday, January 6th 2023 - 09:59 UTC

  Argentines flock to Chile to buy new tires

  

  Argentine drivers are flocking across the Andes into Chile for the summer vacations and also to purchase new tires which are in short supply nationwide and sell for up to twice as much, it was reported.

• Friday, January 6th 2023 - 09:51 UTC

  Shortages forecast in Argentina due to restrictions on input imports

  

  Argentina's Chamber of Chemical Products warned that due to the restrictions on imports, some critical inputs have been arriving in the country in smaller quantities, which might result in shortages of medicines, soft drinks, and shampoo, among other items.

• Thursday, January 5th 2023 - 22:10 UTC

  Uruguay's unemployment in 2022 below pre-pandemic times

  

  According to Uruguay's Labor Ministry data released Wednesday, unemployment in the South American country during 2022 was lower than that of times before the Covid-19 pandemic broke out.