Economy

• Tuesday, April 18th 2023 - 10:50 UTC

  Argentina: “Blue” Dollar hits new ceiling of AR$ 408

  

  The “blue” (a euphemism for “black market”) dollar closed rose by AR$ 8 and closed at AR$ 408 Monday, reaching a new all-time high, it was reported in Buenos Aires. It had closed at AR$ 400 on Friday. The Argentine Central Bank bought US$ 73 million to add to its dwindled coffers.

• Monday, April 17th 2023 - 22:56 UTC

  With “energy cooperation”, Russia/China trade booming using Yuan/Rouble currencies

  

  Energy cooperation helped China's overall trade with Russia maintain its strong growth momentum in the first quarter with an increase of 38.7% from a year earlier, far outpacing the growth of China's total trade.

• Monday, April 17th 2023 - 22:40 UTC

  Brazilian analysts 2023 expectations: stronger Real vs the Dollar and economy will grow below 1%

  

  The Brazilian Central Bank released its weekly Focus Bulletin this Monday, which brings together an estimate of the country's economy's future performance by leading financial markets analysts.

• Sunday, April 16th 2023 - 23:28 UTC

  Argentine Cabinet Chief admits war against inflation is being lost

  

  Argentina's Cabinet Chief Agustín Rossi admitted the administration of President Alberto Fernández was losing the battle with inflation. “We thought we were getting there, but we weren't,” Rossi was quoted as saying by local media. “Nobody can be happy, least of all us”, he added.

• Sunday, April 16th 2023 - 13:01 UTC

  Lower-income groups less affected by Brazil's inflation

  

  Inflation in Brazil decelerated for all income brackets in the month of March, according to a report from the Institute for Applied Economic Research (Ipea) released Friday, Agencia Brasil reported.

• Saturday, April 15th 2023 - 10:05 UTC

  Argentina: Inflation in March reaches 7.7%

  

  Inflation for the month of March was reported to have reached 7.7% for a 104.3% interannual and 21.7% in the first quarter of 2023, the National Institute of Statistics and Censuses (Indec) said Friday. In February, the Consumer Price Index (CPI) rose by 6.6%.

• Saturday, April 15th 2023 - 09:09 UTC

  China to open new opportunities for Brazil, Xi tells Lula

  

  Brazilian President Luiz Inácio Lula Da Silva was offered a grand welcome by his Chinese colleague Xi Jinping as both leaders set out the guidelines for a partnership that will undoubtedly play a role in world events. China “will open new opportunities for Brazil,” Xi said.

• Saturday, April 15th 2023 - 08:12 UTC

  US Deputy Secretary of State meets with Argentine FM in BA

  

  Argentine Foreign Minister and US Deputy Secretary of State Wendy Sherman met Friday in Buenos Aires to further discuss a bilateral agenda set out during the March 29 summit at the White House between Presidents Joseph Biden and Alberto Fernández.

• Friday, April 14th 2023 - 10:40 UTC

  Argentina: “Blue” dollar hits psychological AR$ 400 mark

  

  The unofficial exchange rate known as “blue” (a euphemism for “black market”) between the Argentine peso and the US dollar crossed the psychological US$ 1 / AR$ 400 barrier Thursday just a few days after the “agro” rate was implemented in a move to curb the volatile parity.

• Friday, April 14th 2023 - 10:00 UTC

  Lula visits BRICS development bank and Huawei's tech center

  

  Brazilian President Lula da Silva on Thursday in Shanghai visited the headquarters of the BRICS New Development Bank (NDB) and Huawei's technology development center. At the NDB, Lula met with NDB President Dilma Rousseff, and delivered a speech to the staff. It was the first time that a head of state had paid a visit to the bank.