Economy

• Tuesday, July 26th 2022 - 10:55 UTC

  Argentina: Unofficial dollar falls after Batakis meets IMF Chief

  

  The unofficial exchange rate between the US dollar (also known as “blue”) and the Argentina peso fell between AR$ 16 and 17 Monday after Economy Minister Silvina Batakis met in Washington DC with International Monetary Fund (IMF) Managing Director Kristalina Georgieva and the World Bank agreed on a US$ 200 million loan to boost the country's coffers.

• Monday, July 25th 2022 - 23:30 UTC

  Uruguayan FM hopes other Mercosur countries will join Chinese FTA talks

  

  After meeting Monday with members of a Chinese delegation who are in Montevideo since Saturday, Uruguayan Foreign Minister Francisco Bustillo said he hoped the other members of Mercosur would soon join the Free Trade Agreement negotiations because the Asian giant was “open to cooperation both with Mercosur and with the particular member country.”

• Monday, July 25th 2022 - 10:30 UTC

  Kirchnerite Senator wants more repression on parallel dollar traders

  

  Hardline Kirchnerite Senator Juliana Di Tullio has demanded Argentine police play a deeper role in chasing currency exchange parlors where US dollars are traded at the unofficial “blue” rate of around AR$ 337.

• Monday, July 25th 2022 - 10:08 UTC

  Downspout threatens Paraguay's foreign trade yet again

  

  Paraguayan exporters have decried over this weekend their latent concern about the Paraguay and Parana rivers' low levels which might affect the grain season in January and February if no improvement is recorded, it was reported in Asunción.

• Saturday, July 23rd 2022 - 22:49 UTC

  Falklands’ black gold rush might at last be a reality

  

  By Dominic O’Connell, The Times- Head north from the Falkland Islands, across the South Atlantic waves where albatross wheels and whales sound, and you pass over what could be a big new oil province — a significant source of hydrocarbons controlled not by sheiks or oligarchs, but by the United Kingdom.

• Friday, July 22nd 2022 - 10:01 UTC

  Chilean women paid less than men in 2021, study showed

  

  Chilean women earned 21.7% less than men during 2021, according to a study released Thursday.

• Friday, July 22nd 2022 - 09:44 UTC

  Argentina's foreign trade balance yields deficit in June

  

  Argentina's foreign trade balance came out in the red in June of 2022 for the first time since 2018, it was reported in Buenos Aires by the National Institute of Statistics and Census (INDEC).

• Friday, July 22nd 2022 - 09:40 UTC

  Plenty of business opportunities available with China, Argentine report says

  

  A report released Thursday by Argentina's Undersecretary for Trade and Investment Promotion Pablo Sívori highlighted the progress over the past 20 years of trade between his country and China, which rose from US$ 1 billion to nearly US$ 20 billion yearly.

• Friday, July 22nd 2022 - 09:30 UTC

  European Central Bank raises benchmark interests, first time in eight years

  

  The European Central Bank on Thursday raised key interest rates for the first time in over a decade with the purpose of combating inflation, reflected in consumer prices of the Euro-zone which reached 8,6% in the first half of the year.

• Friday, July 22nd 2022 - 07:59 UTC

  Argentina creates differential exchange rate for foreign travelers

  

  Argentina's monetary authorities Thursday launched an initiative whereby foreign tourists may sell up to US$ 5,000 through official banking channels at a rate as close as possible to the so-called “blue” dollar.