Economy

• Monday, July 18th 2022 - 09:05 UTC

  Somber future ahead for Argentina's economy

  

  Foreign Analysts do not see a bright future ahead for Argentina's economy. While some place it among the countries most likely to default its debt, others fear it might not survive a new adjustment to the basic interest rates by the United States.

• Monday, July 18th 2022 - 08:56 UTC

  Chile injects US$ 25 billion liquidity to contain the exchange rate and inflation

  

  After the US dollar in Chile broke the milestone exchange rate of a thousand Pesos in June, the Central Bank reacted by announcing it will literally “flood” the market with 25bn dollars, of which 10bn to be supplied to the spot market, another 10bn covering future dollar operations, and 5bn in swap deals.

• Monday, July 18th 2022 - 08:33 UTC

  Brazilian businessmen eye Paraguayan move to escape inflation

  

  Businessmen in inflation-torn Brazil are eyeing Paraguay's stabler economy as a suitable destination for future investments, it was reported Sunday in Asunción.

• Monday, July 18th 2022 - 08:09 UTC

  CFK pushes for universal income for Argentines

  

  Argentine Vice President Cristina Fernández de Kirchner (CFK) has been reportedly pressing Economy Minister Silvina Batakis to move forward with a proposal to create the so-called Basic Universal Wage (BUW), as a way out of the current scheme of handouts in the form of endless unemployment subsidies.

• Friday, July 15th 2022 - 22:40 UTC

  Argentina insists Uruguay-China FTA must go through Mercosur

  

  Argentina's Foreign Ministry Friday issued a statement according to which Uruguay's negotiations with China towards a Free Trade Agreement must go through Mercosur.

• Friday, July 15th 2022 - 20:41 UTC

  Uruguay deal: China ratifies successful completion of FTA feasibility probe

  

  China's Ministry of Commerce Spokeswoman Shu Jue Ting Thursday ratified her country deemed the possible conclusion of a Free Trade Agreement (FTA) with Uruguay to be of the utmost importance.

• Friday, July 15th 2022 - 09:11 UTC

  How did Fitch rate Brazil in its last report? Last time around it was negative

  

  The worldwide-known risk rating agency Fitch Thursday released a new report in which the outlook for Brazil's public debt has been moved up from May 2020's negative grading after the onset of the COVID-19 pandemic.

• Thursday, July 14th 2022 - 20:13 UTC

  June's CPI rose 5.3% in Argentina

  

  Argentina's National Institute of Statistics and Census (Indec) Thursday released its monthly report, which showed that the Consumer Price Index (CPI) had risen 5.3% in June 2022, after a 5.1% increase in May for a 64% yoy adjustment and 36.2% in the first half of 2022.

• Thursday, July 14th 2022 - 09:52 UTC

  Uruguay announces beginning of talks with China to reach FTA

  

  Uruguayan President Luis Lacalle Pou Wednesday announced negotiations with China to reach a bilateral free trade agreement are to begin, after technical teams from the two countries found it feasible, it was reported in Montevideo.

• Thursday, July 14th 2022 - 09:30 UTC

  Argentina reshapes taxation to make up for gap between official and “blue” dollar

  

  The Government of Argentina has adjusted the so-called PAIS tax from 35% to 45% as of Thursday to equate the exchange rate between the local currency and the US dollar to that existing in the unofficial “blue” market.