Economy

• Tuesday, July 25th 2023 - 11:00 UTC

  Federal Reserve anticipates a 0.25% interest rate increase this week

  

  Despite calls to the contrary the Federal Reserve is expected to raise interest rates by another 0.25% this week with Fed Chair Jay Powell expected to leave the door open to additional rate hikes later this year.

• Tuesday, July 25th 2023 - 10:54 UTC

  Solution wanted at Mercosur level: mobility platforms need local HQs

  

  According to Paraguay's Juan Marcelo Estigarribia, Executive Secretary of the South American country's Consumer and User Defense Secretariat (Sedeco), a Mercosur Technical Committee has received a complaint from his agency about the lack of representation of mobility platforms such as Uber and Bolt.

• Saturday, July 22nd 2023 - 10:59 UTC

  Argentine President confident about ongoing negotiations with IMF

  

  Argentine President Alberto Fernández Friday spoke with International Monetary Fund (IMF) Managing Director Kristalina Georgieva to discuss a new understanding ahead of this year's elections, it was reported in Buenos Aires.

• Friday, July 21st 2023 - 10:28 UTC

  Brazil's gov't wants the “super rich” to pay income tax on funds abroad

  

  Brazil's Finance Minister Fernando Haddad said the federal government was considering additional taxes to the country's largest fortunes to “correct absurd things in the tax system,” it was reported. According to the former presidential candidate, the government wants to tax the “super rich” who have offshore funds or hold their investments in exclusive funds that currently do not pay income tax.

• Thursday, July 20th 2023 - 09:17 UTC

  Buenos Aires: “Blue” dollar keeps going up amid police raids

  

  Argentina's Central Bank (BCRA) Wednesday sold US$ 130 million and 288 million yuan (around US$ 40 million) in a desperate move to keep the “blue” (a euphemism for “black market”) quotation from soaring any further after reaching AR$ 527 / US$ 1.

• Wednesday, July 19th 2023 - 10:38 UTC

  Argentine team starts talks with IMF toward new deal

  

  Argentina's Economic Policy Secretary Adolfo Rubinstein; Chief Advisor Leonardo Madcur; and Central Bank (BCRA) Vice-President Lisandro Cleri started Tuesday in Washington DC a new round of negotiations with a technical team of the International Monetary Fund (IMF) to finalize a new agreement ahead of this year's presidential elections, it was confirmed by an IMF spokesperson.

• Tuesday, July 18th 2023 - 22:46 UTC

  Lacalle Pou urges swift action on EU-Mercosur Agreement: “Enough of 25 years of negotiations”

  

  In a strong plea for progress on the Free Trade Agreement between the European Union and Mercosur, Uruguayan President Luis Lacalle Pou demanded an end to decades of fruitless negotiations, urging the involved parties to reach an agreement.

• Tuesday, July 18th 2023 - 10:30 UTC

  Growing concern in China over urban areas youth (16 to 24 years) unemployment

  

  The jobless rate of 16 to 24 year olds in Chinese urban areas rose to 21.3% last month, official figures released by Beijing show. It comes as the world's second largest economy grew just 0.8% in the three months to the end of June.

• Tuesday, July 18th 2023 - 09:34 UTC

  Brazil's 2022/23 harvest is expected to reach 317,5 million tons with a planted area of 78,2 million hectares

  

  Brazil is expected to harvest a record 317.5 million tons of grains in the 2022-23 agriculture cycle, which is 44.9 million tons (16.5%) more than the previous year, according to the 10th Grain Harvest Survey by Conab, the country’s food supply and statistics agency.

• Monday, July 17th 2023 - 11:41 UTC

  UK signs trade treaty to join Trans Pacific partnership, 'the world's fastest growing region'

  

  The United Kingdom on Sunday formally signed a treaty to join a major Indo/Pacific block, in what is described as the biggest trade deal since the country left the European Union, (Brexit) at the beginning of 2020.