Economy

• Friday, August 5th 2022 - 08:47 UTC

  Brazil soybean exports down 8,87% in first half of 2022 compared to 2021

  

  Brazil shipped 55.1 million tons of soybeans in the first half of 2022, which is 8.87% less than in the same period of 2021 (60.5 million tons), according to the National Association of Cereal Exporters. (Anec).

• Thursday, August 4th 2022 - 22:43 UTC

  Uruguayan senator said that Argentina's crisis is “because it is full of Argentines” and caused a controversy

  

  The Senator for the left-wing coalition Frente Amplio (Broad Front), Daniel Caggiani, was interviewed by local Channel 12’s Desayunos Informales about the regional situation and the negotiation for an eventual Free Trade Agreement (FTA) between Uruguay and China, which has generated tensions between Mercosur partners.

• Thursday, August 4th 2022 - 10:01 UTC

  Brazil raises benchmark interest rate to 13,75%, and possibly more to come

  

  Brazil's central bank raised its benchmark interest rate 50 basis points to a record 13,75%, (the highest since January 2017), anticipating that the tightening cycle, may not be over given the stubborn high domestic inflation and “adverse and volatile” global situation.

• Thursday, August 4th 2022 - 09:59 UTC

  Massa sworn in as Argentina's new “Super” Economy Minister

  

  Former Lower House Speaker Sergio Massa has been sworn in Wednesday as Argentina's new Minister of Economy, Agriculture, and Production as the country seeks to regain some stability following the departure of Ministers Matías Kulfas and Martín Guzmán around a month ago.

• Wednesday, August 3rd 2022 - 21:32 UTC

  Colombia foresees stagnant coffee harvests in 2022

  

  Colombia's coffee production for the year 2022 will reach 12 million bags, weighing 60 kilos each, according to National Federation of Coffee Growers (FNC) Manager Roberto Velez.

• Wednesday, August 3rd 2022 - 08:50 UTC

  Brazilian industrial exports to neighboring South American countries booming

  

  As the global economy recovers from the Covid 19 pandemic and its contracting influence on production and trade, Brazil's commercial relations with South American neighboring countries soared by 64,7% last year, and is expected to do even better by the end of 2022. (7,3bn)

• Wednesday, August 3rd 2022 - 08:00 UTC

  Freight costs between Santos and Shanghai skyrocket 400% in two years

  

  Sea freight cost between Santos, Brazil and Shanghai, China have risen 400% in two years. The hike was one of the main consequences of the covid-19 pandemic on Brazilian logistics, according to a study by a task force of the National Waterway Transportation Agency (Antaq) released last week

• Monday, August 1st 2022 - 20:56 UTC

  Brazilian customers have bought over 100,000 electric vehicles

  

  The Brazilian market of battery-powered vehicles has crossed the psychologically relevant threshold of 100,000 units in circulation nationwide, as sales of this type of vehicle grew 47% yoy in the first semester of 2022, it was reported.

• Saturday, July 30th 2022 - 10:09 UTC

  IDB changes mind, and is again prepared to extend development loans to Argentina

  

  Only last Monday Mauricio Claver-Carone, president of the Inter American Development Bank, IDB, published a letter in the Wall Street Journal blasting “Argentina's tumultuous financial record”, adding that IDB ”cannot rubber-stamp loan requests, without prudently ensuring it has a development impact.”

• Saturday, July 30th 2022 - 08:10 UTC

  No call, just a message from Argentine President to IMF Chief

  

  Argentine President Alberto Fernandez sent International Monetary Fund (IMF) Managing Director Kristalina Georgieva a message explaining the cabinet reshuffle currently underway.