Economy

Wednesday, October 26th 2022 - 21:34 UTC
Argentine team off to France for Paris Club debt talks

A technical team headed by Argentina's National Institute of Statistics and Census Chief Marco Lavagna is on its way to Paris to renegotiate the nearly US$ 2.500 billion debt the South American country has with 24 agencies and banks from 16 countries.
Wednesday, October 26th 2022 - 19:30 UTC
Over a quarter of a million new jobs created in Brazil

According to a report from Brazilian economic authorities released Wednesday, South America's largest country generated around 278,000 new formal jobs in September this year.
Wednesday, October 26th 2022 - 19:26 UTC
Argentine ruling party creates yet a new tax by a 1-vote difference referred as “the Milei tax”

Argentina's Lower House passed the 2023 budget bill in the wee hours of Wednesday. Among the most significant changes was an Airport Security tax which will reportedly help support the Airport Security Police (PSA).
Wednesday, October 26th 2022 - 09:21 UTC
Lacalle off to Japan to boost Uruguay's foreign trade

Uruguayan President Luis Lacalle Pou is off on an official mission to Japan to boost bilateral trade, it was reported Tuesday in Montevideo. In the meantime, Vice President Beatriz Argimón will be in charge of the Executive until Oct. 31.
Wednesday, October 26th 2022 - 07:37 UTC
Challenge for Brazil beef market: plenty of cattle, domestic demand flat and China bargaining prices

Brazilian cattle prices are down this year and strong demand for the country’s beef exports will widen Brazilian meatpackers’ margins in the short term, according to analysts, though weakness in the domestic market could undercut those gains.
Tuesday, October 25th 2022 - 18:26 UTC
Brazil's GDP forecast to grow by 2.76% in 2022

Brazilian economists have released a study whereby the country's Gross Domestic Product (GDP - the sum of all goods and services produced nationwide) is projected to grow 2.76% by the end of 2022, it was reported Monday.
Tuesday, October 25th 2022 - 09:25 UTC
Argentine President welcomes Chinese investors

Argentine President Alberto Fernández Monday met at Casa Rosada with China Railway International Group (CRIG) President Bi Yanchun to discuss future investments in infrastructure, energy, and technology projects.
Tuesday, October 25th 2022 - 09:24 UTC
ECLAC's 39th session gets underway in Buenos Aires

Argentine President Alberto Fernández and Economic Commission for Latin America and the Caribbean (ECLAC) Executive Secretary José Manuel Salazar-Xirinachs Monday opened the United Nations agency's 39th session in Buenos Aires.
Tuesday, October 25th 2022 - 09:10 UTC
Foreign tourists near spending in Brazil to 2016 figures

Brazil's Central Bank (BCB) Monday confirmed foreign travelers had spent US$416 million in the country during September of 2022, the highest figure for the month since September of 2016, the year of the Olympic and Paralympic Games in Rio de Janeiro, which recorded US$ 446 million in revenues.
Tuesday, October 25th 2022 - 09:10 UTC
UK faces an era which could be more difficult than 2008, Lord King, ex BoE governor

Lord Mervyn King, governor of the Bank of England from 2003 to 2013 said the United Kingdom faces an era of much austerity to stabilize the economy, with the average person having to face “significantly higher taxes” to fund public spending.