Economy

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.
Monday, October 24th 2022 - 19:14 UTC
Josep Borrell meets with Uruguayan President in Montevideo

Uruguayan President Luis Lacalle Pou, who holds the pro-tempore presidency of Mercosur, Monday welcomed European Union (EU) High Representative Josep Borrell in Montevideo to discuss the future of the agreement between the two trade blocs.
Monday, October 24th 2022 - 09:30 UTC
Moody's: Major devaluation of Mexican peso forecast

According to the credit rating agency Moody's, a devaluation of around 20% of the Mexican peso against the US dollar would be imminent and might take place later this year or in early 2023, it was reported.
Saturday, October 22nd 2022 - 10:20 UTC
Gloomy picture of UK economy: Sterling KO, retail sales down and government borrowing increasing

Pound sterling trading ended on Friday at US$ 1.12, after rallying on Thursday following the announcement of Prime Minister Liz Truss Thursday resignation. However new figures showed a gloomy picture of the UK economy.
Saturday, October 22nd 2022 - 10:00 UTC
Japanese rating agency ups Uruguay's grading

Japanese risk rating agency R&I raised Uruguay's status from BBB to BBB+, the best grading the South American country has ever received, it was announced Friday.
Friday, October 21st 2022 - 20:47 UTC
Costa Rica on brink of joining Pacific Alliance

Costa Rica may soon be joining the Pacific Alliance after the organization's Council of Ministers Thursday approved the Central American country's request to begin negotiations to join the regional bloc, it was reported.
Thursday, October 20th 2022 - 09:47 UTC
Milei plans to “dollarize” economy if elected President of Argentina

Argentine Libertarian Congressman Javier Milei told US Ambassador Marc Stanley he would “dollarize” Argentina if he is elected president in 2023 during a meeting Wednesday at the Embassy in Buenos Aires.
Wednesday, October 19th 2022 - 10:45 UTC
Lacalle Pou: Argentina's protectionist measures detrimental to Uruguay

Uruguayan President Luis Lacalle Pou criticized Argentina's recent economic measures saying they “do not go with the spirit of Mercosur.”
Tuesday, October 18th 2022 - 19:11 UTC
Argentine delegations tour Brazil seeking business opportunities

Argentina's Ambassador to Brazil Daniel Scioli Monday headed a trade mission in the Brazilian city of Porto Alegre searching for business opportunities at the Federation of Industries of the State of Rio Grande do Sul (FIERGS) which brings together 114 industrial unions and over more than 47,000 industries.