Economy

• Tuesday, October 18th 2022 - 10:00 UTC

  September, record export month for Brazilian agribusiness: US$ 14 billion

  

  Brazilian agribusiness exports reached US$ 13.97 billion in September 2022, a record for the month with a 38,4% increase compared to the corresponding period of 2021. In addition to the increase in prices, which rose 17.2% between September 2022 and September 2021, the volume exported was up 18.1%.

• Tuesday, October 18th 2022 - 09:55 UTC

  Stability, confidence the priorities, and hard times ahead said Chancellor Hunt in a momentous U-turn speech

  

  Financial markets reacted positively Monday after the United Kingdom's new Chancellor of the Exchequer scrapped Prime Minister Liz Truss' tax-cutting economic stimulus package. Jeremy Hunt, who was appointed to the role only on Friday, said the unfunded tax measures had been eliminated and underlined that stability, confidence and helping the most vulnerable, were now the government's goals and number one focus.

• Tuesday, October 18th 2022 - 09:52 UTC

  September inflation in Patagonia reached 6,1% and 66,2% in nine months

  

  Inflation across in Tierra del Fuego, Argentine Patagonia reached 6,1% during the month of September, 66,2% so far this year, and did not include modifications in basic services rates, but nevertheless was considered a great success in Buenos Aires because it was down from 7%, the previous month.

• Monday, October 17th 2022 - 19:02 UTC

  Real estate prices fall in 90% of Buenos Aires

  

  According to a survey published by Buenos Aires' daily Ámbito, 90% of Buenos Aires' areas recorded a drop in the sale price of real estate property in September of 2022 when compared to the previous month.

• Saturday, October 15th 2022 - 14:50 UTC

  Falklands MLA will report on trade agreements with EU, UK following on Brexit

  

  The UK represented the Crown Dependencies and British Overseas Territories in relations with the EU while a member of the block. But since Brexit, how is it performing at engaging the EU to represent their individual interests?

• Saturday, October 15th 2022 - 06:27 UTC

  Mercosur wheat: Argentina lack of water, in Brazil is has been pouring for the last month

  

  Extreme situations with the Mercosur wheat crop: while in Argentina drought is drastically cutting production volumes, in Parana, one of the leading wheat states in Brazil, rainfall has plagued harvests.

• Saturday, October 15th 2022 - 06:17 UTC

  PM Truss U-turn on tax cuts, names new Chancellor, to avoid her own sacking

  

  After only turbulent 38 days and a quick return from Washington, Britain's Chancellor of the Exchequer on Friday was fired and a former foreign minister Jeremy Hunt was appointed to replace him.

• Friday, October 14th 2022 - 10:30 UTC

  Argentina close to new deal with Paris Club

  

  Economy Minister Sergio Massa Thursday announced he was close to reaching an agreement with the Paris Club for the repayment of Argentina's debt due by May 2020, which was affected by the COVID-19 crisis.

• Friday, October 14th 2022 - 10:20 UTC

  Bank of England to the rescue, “to restore orderly market conditions”

  

  The Bank of England unveiled further measures to calm market turmoil triggered by the UK mini budget announcement. The bank said it would spend up to 5 billion pounds (€5.7 billion, US$5.5 billion) per day on inflation-linked government debt bonds, or gilts, to further prop up Britain's £2.1-trillion bond market.

• Friday, October 14th 2022 - 10:08 UTC

  IMF experts foresee economic slowdown in the region for 2023

  

  Growth projections in the region next year have been trimmed downwards due to inflation and skyrocketing interest rates, the International Monetary Fund (IMF) announced Thursday.