Economy

• Friday, June 24th 2022 - 00:20 UTC

  Brazil: Inflation and GDP projections up from March figures

  

  Brazil's Central Bank (BCB) Thursday announced it projected a 1.7% increase in the country's Gross Domestic Product (GDP) by the end of 2022, thus improving a previous forecast released in March, which mentioned merely 1%.

• Wednesday, June 22nd 2022 - 18:18 UTC

  Argentine minister vows to halt speculative imports of unnecessary items

  

  Argentina's Productive Development Minister Daniel Scioli has announced he would step in to curb speculative imports and stop those who take advantage of the existing dual exchange rate between the local peso and the US dollar.

• Wednesday, June 22nd 2022 - 10:44 UTC

  More poverty and misery ahead for most Argentines as food prices soar

  

  An Argentine household needs a monthly income of at least 100,000 Pesos equivalent to US$ 781 at the official rate, (128 Pesos to the dollar) or US$ 454 (free market, 220 Pesos to the dollar) to remain just above the poverty line, according to the latest estimate from the government's Stats Office, Indec.

• Tuesday, June 21st 2022 - 10:50 UTC

  “We have an enormous future,” Argentine President says

  

  Argentine President Alberto Fernández Monday said “Argentina is not the country without destiny that some people say it is.” He made those remarks during a celebration marking the national Flag Day holiday (commemoration of Flag creator General Manuel Belgrano's death on June 20, 1820).

• Monday, June 20th 2022 - 08:17 UTC

  Falklands extends support schemes for businesses impacted by Covid-19

  

  The Falkland Islands government, FIG, has reviewed support schemes in place to assist businesses impacted by Covid-19 and has created a number of temporary measures to assist businesses and individuals under certain circumstances.

• Thursday, June 16th 2022 - 09:11 UTC

  US Fed raises rates to curb growing CPI

  

  The United States Federal Reserve Wednesday announced a 0.75% rate hike to between 1.5% and 1.75%, in a move to curb rising consumer prices. It is the first time since 1994 that the Fed has raised the rate this much.

• Thursday, June 16th 2022 - 07:39 UTC

  Brazil's central bank raises Selic rate to 13,75%, hoping to contain inflation

  

  Brazil's central bank raised its benchmark interest rate for the 11th straight time on Wednesday, bringing the Selic rate to 13,75%, in an attempt to contain inflation in Latin America’s biggest economy.

• Tuesday, June 14th 2022 - 10:25 UTC

  Brazil's trade balance positive, but below last year's figures

  

  Brazil's trade balance for the first five months of the year accumulates a surplus of US$ 25.128 billion, it was reported Monday.

• Tuesday, June 14th 2022 - 10:19 UTC

  Mercosur again divided on Ukraine conflict, Argentina and Brazil not in a WTO list condemning “aggression”

  

  Over 50 WTO members agreed a statement at the WTO's 12th Ministerial Conference (MC12), in full support of Ukraine, and condemning “aggression”. However, Mercosur was divided on the issue, while Uruguay and Paraguay figured among the over fifty, Argentina and Brazil were absent.

• Tuesday, June 14th 2022 - 09:26 UTC

  Brazilian team releases outlook ahead of BRICS Summit

  

  Brazil's Center for International Relations (CEBRI) Monday released a report on the country's expectations regarding its involvement in the BRICS (Brazil, Russia, India, China and South Africa) bloc.