Economy

Tuesday, December 13th 2022 - 10:26 UTC
Despite political chaos, Peruvian economy remains strong based on an independent central bank

When Peruvian president Dina Boluarte took office becoming the sixth head of state in four years, world media pointed out to the mineral rich South American country as an example of instability and total political chaos. This however is not necessarily true since Peru has one of the most stable and sustainedly growing economies in the region.
Tuesday, December 13th 2022 - 10:19 UTC
Argentine Foreign Minister highlights 2022 record exports

Argentina's Foreign Minister Santiago Cafiero Monday underlined that his country would exceed US$ 100 billion in exports this year after visiting two of the main plants where products sold abroad are produced.
Tuesday, December 13th 2022 - 09:20 UTC
Uruguayan exporters worried about falling US dollar

The Uruguayan Exporters Union (UEU) Monday expressed its concern about the current parity between the local currency and the US dollar which was in its view affecting foreign trade.
Tuesday, December 13th 2022 - 09:14 UTC
Guyana opens offshore oil bidding round to diversify explorers and expand the state role

The Cooperative Republic of Guyana opened a bidding round for 14 oil and gas blocks in its oil-rich offshore, hoping to award exploration contracts by the end of May. Guyana has become home to one of the largest oil discoveries in the last decade, with about 11 billion barrels of oil and gas found by a consortium led by Exxon Mobil.
Tuesday, December 13th 2022 - 08:48 UTC
World Bank US$ 200 million to help close the digital divide in Argentina

The World Bank approved a US$ 200 million loan to support Argentina's digital transformation and the closing of the digital divide by expanding the connectivity offer, building a network of data centers, and implementing digital skills training for individuals and enterprises.
Monday, December 12th 2022 - 18:36 UTC
United Kingdom calls for global community to continue fight against corruption

At the International Anti-Corruption Conference in Washington DC, the United Kingdom delegation emphasized the need for the global community to continue fighting illicit finance and corruption.
Monday, December 12th 2022 - 10:28 UTC
Latin America, the EU's strategic investment target for 2023

Ursula von der Leyen convened the first meeting of the Global Gateway Board on Sunday to review the achievements of the first year of implementation of this plan. The President of the European Commission said the EU wants to counter the new Chinese Silk Road and identify projects for 2023 in Africa, Latin America, the Caribbean, and the Pacific.
Monday, December 12th 2022 - 09:48 UTC
Brazil: Cachaça exports hit record figures in 2022

Exports of Brazil's traditional alcoholic beverage cachaça have bounced back following a drop due to the COVID-19 pandemic restrictions, it was reported. A rum made of sugar cane juice and one of the key ingredients of caipirinha, cachaça is currently sold to 72 countries.
Sunday, December 11th 2022 - 08:30 UTC
Brazilian central bank keeps Selic rate at 13,75%; anticipates hawkish approach to combat future inflation

The Brazilian central bank maintained the benchmark Selic at 13.75% for a third consecutive meeting this week, as expected by all analysts. It was the last rate meeting before Lula da Silva assumes the country’s presidency on January first.
Sunday, December 11th 2022 - 08:09 UTC
China's lockdown policy and global slower demand reflect strongly in foreign trade

Chinese exports fell at the steepest pace in more than two years in November, the latest indication of how COVID-19 restrictions and slumping global demand are stifling the economy.