Economy

• Wednesday, November 23rd 2022 - 08:53 UTC

  DBRS ups Uruguay's credit rating

  

  Canadian rating agency DBRS Morningstar upgraded Uruguay's foreign currency sovereign debt score from BBB Low to BBB as a result of Montevideo's “substantial improvement” in the country's fiscal outlook, it was reported Tuesday.

• Tuesday, November 22nd 2022 - 10:07 UTC

  Argentina promoting medium and small companies exports to UK

  

  Sponsored by the Argentine Foreign and International trade ministry, a business delegation from Argentina visited the UK for a round of negotiations involving companies linked to the food and beverage industries.

• Tuesday, November 22nd 2022 - 08:37 UTC

  Fourth Kirchner government climax, 12 month food inflation at 100%

  

  The basic food basket, CBA, in Ushuaia, Tierra del Fuego province, Argentina soared 9,5% during October while the overall food basket, CBT, 9%, according to the latest figures from Indec, the country's stats office. This is 50% higher than the inflation rate for the month of October which stood at 6,3%.

• Monday, November 21st 2022 - 10:44 UTC

  Goldfajn chosen new IDB boss

  

  Brazil's Ilan Goldfajn was elected Sunday as the new head of the Interamerican Development Bank (BID), it was reported in Washington DC.

• Monday, November 21st 2022 - 10:26 UTC

  Lacalle Pou to seek Uruguay's joining TPP

  

  Uruguayan President Luis Lacalle Pou announced his country would apply to join the Trans-Pacific Partnership, in a move to have access to more competitive tariffs, which has caused a stir with Mercosur and could jeopardize other negotiations with China, it was reported.

• Monday, November 21st 2022 - 10:13 UTC

  Brazilian 2022 exports of soybean estimated to reach 78 million tons, and corn some 40 million tons

  

  Brazil’s soybean exports are expected to reach 78 million tons this year, 9.3% down from 86.3 million tons in 2021, according to the grain exporters’ association Anec. But the figure is 2.5 million tons higher than the previous 75.5 million tons estimate for full-year soybean shipments.

• Monday, November 21st 2022 - 09:05 UTC

  Mar del Plata union requests lifting of measures banning offshore oil drilling

  

  The Mar del Plata branch of Argentina's General Labor Confederation Union sent a note to the Courts requesting all precautionary measures stopping offshore oil exploration be lifted so that the companies can start working in the North Argentina Basin.

• Saturday, November 19th 2022 - 10:06 UTC

  Economy Minister says Brazil's spending cap poorly constructed

  

  Brazil's Economy Minister Paulo Guedes Friday admitted the spending ceiling needed to be pierced because it was poorly constructed, but he insisted that the federal spending cap remains a necessary tool to ensure the stability of public accounts.

• Saturday, November 19th 2022 - 09:15 UTC

  Slight unemployment drop reported in Uruguay

  

  Uruguay's unemployment rate was reported Friday by the National Statistics Institute (INE) to have stood at 7.8% in the month of October, a slight decrease from September's 8.3%.

• Friday, November 18th 2022 - 09:23 UTC

  UK in recession; Autumn plan anticipates £30 billion in spending cuts and £25 billion in tax hikes.

  

  Chancellor of the Exchequer Jeremy Hunt announced on Thursday a £55 billion fiscal plan with £30 billion in spending cuts and £25 billion in tax hikes. The measures which anticipate a cold winter and long recession in the UK, included an extra two-year freeze on income tax thresholds and a lowering of the top rate of income tax to £125,140