Economy

• Tuesday, November 1st 2022 - 09:53 UTC

  Inflation forecast adjusted downward in Paraguay

  

  Paraguay's Central Bank lowered its inflation forecast for this year from 8.8% to 8.6%, it was reported Monday in Asunción. Meanwhile, Consumer Price Index (CPI) projections for 2023 remained unchanged from the BCP's previous outlook at 4.1%.

• Saturday, October 29th 2022 - 10:48 UTC

  Argentina clinches agreement with Paris Club

  

  Argentina's superminister Sergio Massa Friday announced a deal had been reached with the Paris Club for the repayment of Argentina's debt amounting to US$ 1.972 billion.

• Saturday, October 29th 2022 - 10:00 UTC

  Chile: Leading copper producer reports 10.4% drop in output

  

  Chile's state-owned copper producer Codelco reported Friday a 10.4 % decrease in output in the first three quarters of 2022.

• Saturday, October 29th 2022 - 09:30 UTC

  Further deflation reported in Brazil

  

  Brazil's General Price Index - Market (IGP-M) registered deflationary figures yet again in October this year (0.97%) after a 0.95% drop the month before, it was reported by Agencia Brasil.

• Friday, October 28th 2022 - 10:13 UTC

  Falklands approves package to support the community with the cost of living

  

  This week the Falkland Islands Executive Council, ExCo approved a paper which looks to support our community with the increased cost of living. The current programs which support those in need have been reviewed and targeted changes will be made to them. A new temporary scheme has also been developed to assist households with rising fuel and electricity prices.

• Thursday, October 27th 2022 - 10:16 UTC

  UK's Autumn's budget delay to Nov 17, leaves BoE on the dark as to interest rate increase next week

  

  Since British Chancellor of the Exchequer Jeremy Hunt pushed back this year's autumn statement (expected “mini budget”) --from Halloween to 17 November--. Bank of England who are meeting on 3 November have been left without guidance as to the government's tax and spending policies.

• Thursday, October 27th 2022 - 10:14 UTC

  Uruguay successfully issues US$ 1,5 billion “green linked bond,” with US$ 3,96 billon demand

  

  On Friday October 20, Uruguay issued its first sustainability-linked bonds (SLB), with a step-down mechanism that is activated if it reaches certain environmental targets. The purpose is to align the country’s sovereign debt policy with its climate goals by issuing a bond that links the coupon to compliance with the climate and environmental goals that the country set in its first Naturally Determined Contribution (NDC) to the Paris Agreement.

• Thursday, October 27th 2022 - 10:08 UTC

  Boosted by fertilizers, Brazil/Canada bilateral trade breaking records

  

  Another record year for Brazil/Canada bilateral trade. Between January and September of this year, the trade flow – which represents the sum of imports and exports – totaled US$ (FOB) 8.223 billion, surpassing the US$ (FOB) 7.497 billion accumulated in the 12 months of 2021.

• Thursday, October 27th 2022 - 09:50 UTC

  Car production halted in Argentine plant due to lack of imported parts

  

  Carmakers Fiat had to halt production Wednesday at its plant in the Argentine province of Córdoba due to the lack of imported inputs, the Stellantis group explained.

• Thursday, October 27th 2022 - 09:38 UTC

  Uruguayan customs to up smuggling controls

  

  Uruguayan Customs is to seize any package over 5 kilos to protect traders in border towns, who suffer the consequences of the depreciation of the Argentine peso which makes shopping across the border more convenient, it was announced.