Economy

Tuesday, July 12th 2022 - 07:54 UTC
US dollar soars in Colombia as Petro's inauguration looms over

The Colombian peso Monday suffered a historic devaluation amid uncertainty less than a month ahead of President-elect Gustavo Petro's inauguration.
Monday, July 11th 2022 - 22:22 UTC
Batakis announces spending cuts for Argentine gov't

Argentina's Economy Minister Silvina Batakis Monday warned that the government of President Alberto Fernández “will not spend more than we have,” while launching a series of measures aimed at curbing inflation and restoring federal reserves.
Monday, July 11th 2022 - 10:17 UTC
Argentine authorities ready to launch batch of economic measures

Argentine President Alberto Fernández and newly-appointed Economy Minister Silvina Batakis reviewed over the weekend a series of measures to be launched shortly in a move to curb inflation and strengthen the Treasury's coffers.
Saturday, July 9th 2022 - 10:15 UTC
Contradicting messages from Batakis herald split devaluation

Argentine Economy Minister Silvina Batakis has been reported Friday to be evaluating several possible scenarios, all of which involve some forms of devaluation of the local peso.
Saturday, July 9th 2022 - 10:03 UTC
Uruguay Central Bank raised interest rate policy 50 basis point to 9,75%

Uruguay's Central Bank of Uruguay this week ordered a 50 basis point increase in the interest rate policy, the eighth straight increase since last August. The move, which brings the monetary policy rate to 9.75%, means the central bank has ordered 525bp of increases in total over the past 11 months. The 50bp hike was somewhat smaller than the four previous hikes, which included April’s 125bp increase and three 75bp hikes.
Saturday, July 9th 2022 - 09:52 UTC
Biden signs executive order to lessen effects of Roe overturning on abortion

US President Joseph Biden Friday issued an Executive Order which would mitigate the effects of the recent overturning by the US Supreme Court of the 1973 Roe v Wade ruling which had cleared the way for abortions nationwide.
Saturday, July 9th 2022 - 09:30 UTC
Brazil grains crop estimate, 272.5 million tons helped by corn and wheat despite a slide in soybeans

Given more optimistic prospects for the supply of corn and wheat, Brazil's National Supply Company, Conab, increased, slightly, the estimate for the 2021/22 market year grain harvest. Overall this has meant that Brazil is expected to have a crop of 272.5 million tons of grains in the current season, 6.7% greater than the previous season.
Saturday, July 9th 2022 - 09:06 UTC
Food-commodity prices in June remain 23,1% higher than a year ago, FAO report

The barometer for world food commodity prices declined slightly in June for the third consecutive month, the Food and Agriculture Organization of the United Nations (FAO) reported on Friday
Friday, July 8th 2022 - 08:28 UTC
Batakis: Dollars needed from agriculture and from not vacationing abroad

Argentina's newly-appointed Economy Minister Silvina Batakis Wednesday insisted the country needed a more efficient agricultural productivity and the ensuing liquidation of assets through the official currency exchange scheme to add to the Treasury's coffers.
Thursday, July 7th 2022 - 10:00 UTC
“Falklands offers a different lifestyle, but if you love it, you tend to really love it,” MLA Leona Roberts

“The Falklands Islands are a funny place, it's not for everybody, it's quite a different lifestyle, but if you love it, you tend to really love it. People who come to the Falklands and make the Islands their home generally stay,” MLA Leona Roberts told the Spanish news agency EFE, in an interview at the Falklands House in London.