Economy

• Friday, September 9th 2022 - 07:53 UTC

  Euro zone adopts an aggressive rates policy: “inflation remains too high and is likely to stay”

  

  The European Central Bank decided on Thursday to increase the three key interest rates by 75 basis points, making a dramatic change from the prevailing transition accommodative rates' levels to ensure a timely return to the ECB's inflation target of 2%.

• Friday, September 9th 2022 - 03:00 UTC

  Lacalle participates in events boosting Uruguay's economy

  

  Uruguayan President Luis Lacalle Pou Thursday attended the celebrations of Laboratorio Industrial Montevideo's 75th anniversary. The 100% national company is specialized in food and electrical analysis, supporting exporting companies.

• Thursday, September 8th 2022 - 09:31 UTC

  Uruguayan FM headed for Berlin talks

  

  Uruguayan Foreign Minister Francisco Bustillo Wednesday met with French authorities in Paris before flying on to Berlin, where he will hold talks with his German colleague Annalena Baerbock.

• Wednesday, September 7th 2022 - 10:28 UTC

  Truss announces new cabinet to face “the storm”

  

  Britain's newly-appointed Prime Minister Liz Truss Tuesday vowed to weather the “the storm” the country is going through and appointed her new cabinet for that task.

• Tuesday, September 6th 2022 - 09:58 UTC

  Uruguayan FM off to brokering Mercosur deal approval with EU

  

  Uruguayan Foreign Minister Francisco Bustillo is off on a European tour seeking to further develop his country's trade ties as the last inflation index showed the government of President Luis Lacalle Pou was already above its 2022 targets.

• Monday, September 5th 2022 - 17:54 UTC

  Santiago's Stock Exchange booms after Rejection won

  

  Santiago's Stock Exchange reached peak figures Monday after Rejection prevailed in Sunday's referendum, which meant the welfare state failed at least for now to become a reality that would have also included differentiated judiciary systems for native groups.

• Monday, September 5th 2022 - 10:20 UTC

  Argentina creates “soybean dollar” to boost Central Bank reserves

  

  Argentina's Superminister of Economy Sergio Massa Sunday announced the creation of the so-called “soybean dollar” at a special parity of AR$ 200 / US$ 1 on the condition that exports be liquidated at the earliest.

• Monday, September 5th 2022 - 08:33 UTC

  IMF Approves Two-Year US$18.5 Billion Flexible Credit Line for Chile

  

  The Executive Board of the International Monetary Fund (IMF) has approved a two-year arrangement for Chile under the Flexible Credit Line (FCL) in the amount of SDR 13.954 billion (about US$18.5 billion; 800 percent of quota).

• Friday, September 2nd 2022 - 18:39 UTC

  Guedes: Brazil's GDP to beat most optimistic projections

  

  Brazilian Economy Minister Paulo Guedes said Monday that his country's Gross Domestic Product (GDP) would outpace the most optimistic projections by the end of 2022.

• Friday, September 2nd 2022 - 18:26 UTC

  Uruguayan exports keep blooming

  

  According to an Uruguayan Exporters Union (UEU) report released Thursday, orders from abroad have increased by 28% interannually, reaching a total of US$ 1.076 billion.