Economy

• Tuesday, April 19th 2022 - 09:50 UTC

  Bolsonaro, WTO chief agree on Brazil's role as food supplier

  

  President Jair Bolsonaro Monday acknowledged Brazil's role amid increasing global food insecurity as he met with the World Trade Organization (WTO) Director-General of Ngozi Okonjo-Iweala of Nigeria in Brasilia.

• Tuesday, April 19th 2022 - 09:42 UTC

  Record, two Falklands' full year inflation in a month in Argentina

  

  The Falkland Islands inflation during the last decade, on average has been below 4% annually. This however does not mean the Falklands are not vulnerable to the volatility of world energy and food prices.

• Tuesday, April 19th 2022 - 09:33 UTC

  Argentine Gov't proposes new tax to alleviate burden on the neediest

  

  The Argentine Government of President Alberto Fernández Monday announced it planned a new tax which was called “the windfall income,” to be levied on companies that last year had profits over AR$ 1 billion (around US$ 5 million at the unofficial exchange rate).

• Tuesday, April 19th 2022 - 03:38 UTC

  Brazil again top global beef exporter, followed by India, USA and Australia

  

  Brazil during March exported 203,490 tons of beef, up 28% year on year, and the UN Department of Agriculture anticipated that the country is projected to become once again the largest beef exporter in 2022., with shipments 12,1% higher than in 2021.

• Monday, April 18th 2022 - 22:55 UTC

  Pepe Mujica against blanket VAT reduction

  

  Former Uruguayan President José “Pepe” Mujica said the Government's blanket cut to the VAT should apply only to the needy people; otherwise, it becomes a benefit to those who can actually afford to pay full tax.

• Monday, April 18th 2022 - 15:29 UTC

  China lowers banks' reserves to stimulate the economy

  

  China's central bank announced last Friday a flat reduction of 25 basis points of in banks' reserve requirements, as part of the anticipated pro-growth measures to stimulate the world´s second-largest economy. The slowing down of domestic consumption in the first half of the year, flared by the outbreaks in Shanghai, are expected to be stronger in the second half.

• Monday, April 18th 2022 - 08:37 UTC

  Argentina has too many pensioners, according to an IMF report

  

  A recent report by the International Monetary Fund (IMF) has underlined the fact that Argentina has a larger proportion of citizens earning pensions when compared to other countries in the world.

• Saturday, April 16th 2022 - 10:00 UTC

  Inflation in LatAm highest in 15 years, IMF says

  

  According to the International Monetary Fund (IMF), inflation in Latin America's leading economies has reached its highest levels in 15 years. The finance agency Friday reported that these results were the consequence of the “impact on the pandemic and the war between Russia and Ukraine.”

• Friday, April 15th 2022 - 09:57 UTC

  Video of Argentine provincial minister admitting to irregularities goes viral

  

  The Finance Minister of the Argentine Province of La Pampa admitted on record that most officials would end up in jail if he told the truth about an oil company during his virtual audience with local lawmakers, thus sparking a major scandal.

• Friday, April 15th 2022 - 09:44 UTC

  European central bank will raise interest rates after ending assets' purchasing program

  

  The European Central Bank Governing Council said on Thursday that in the current conditions of high uncertainty it will maintain “gradualism and flexibility” as the guidelines for its monetary policy anticipating that the assets purchase program will be concluded by the third quarter.