Economy

• Sunday, December 11th 2022 - 07:59 UTC

  Venezuela's minimum monthly wage back below US$ 10

  

  Venezuela's Bolivar fell 17% against the US dollar from less than a week ago, leaving minimum monthly pensions and wages at around US$ 9.20, it was reported in Caracas Friday. Set at 130 bolivars in March, incomes went down 69% this year.

• Friday, December 9th 2022 - 09:51 UTC

  Ships sink in Montevideo Port dock collapse

  

  A floating dock of the Tsakos shipping company in the port of Montevideo, where five ships were under repair, collapsed and two cranes fell into the water Thursday, leading to the partial sinking of three vessels, it was reported.

• Friday, December 9th 2022 - 08:24 UTC

  Egypt joins BRICS' New Development Bank

  

  The government of Egypt announced this week that the country was joining the New Development Bank created by the BRICS bloc.

• Wednesday, December 7th 2022 - 12:26 UTC

  Cheaper gasoline and diesel fuel prices in Brazil

  

  Brazil's oil and gas giant Petrobras started implementing a reduction in fuel prices at its refineries gates, effective this week. Gasoline price with being reduced 6,1% from R$ 3,28 to R$ 3,08, while A diesel on average will be dropping from R$ 4,89 to R$ 4,49, equivalent to an 8,2% rebate.

• Wednesday, December 7th 2022 - 10:45 UTC

  Slight drop in Uruguayan inflation reported through new measurement

  

  Uruguay's inflation for the month of November of 2022 showed a -0.28% variation according to the National Institute of Statistics (INE) report released Monday. With these data, the accumulated CPI increase for the year reached 8.57% and 8.46% interannually (in the last 12 months).

• Tuesday, December 6th 2022 - 10:50 UTC

  Argentina to take over Mercosur's pro-tempore presidency amid Uruguay's solo deals

  

  Argentina is to take over Tuesday the pro-tempore presidency of Mercosur from Uruguay in Montevideo, where the hosts' unilateral search for other markets behind the regional bloc's back has stirred controversies.

• Tuesday, December 6th 2022 - 10:03 UTC

  Argentina signs deal with US regarding undeclared taxpayers' assets

  

  Argentina's Superminister of Economy, Industry, and Agriculture Sergio Massa Monday signed an agreement with US Ambassador Marc Stanley for the automatic exchange between the two countries of information about undeclared assets owned by local taxpayers.

• Tuesday, December 6th 2022 - 09:48 UTC

  Brazil's Central Bank adjusts 2022 inflation projections by 0.01%

  

  Brazil's yearly inflation has been projected to reach 5.92% by the end of 2022, a 0.01% increase from last week's estimates, according to the Central Bank's (BCB) bulletin released Monday, while the Gross Domestic Product is expected to close at 3.05%.

• Tuesday, December 6th 2022 - 08:30 UTC

  Remittances to Latin America and the Caribbean in 2022 grew 9,3% and reached US$ 142 billion, WB report

  

  Remittances to low- and middle-income countries (LMICs) in 2022 grew an estimated 5% to US$626 billion, according to the latest World Bank Migration and Development Brief.

• Monday, December 5th 2022 - 10:55 UTC

  Mercosur Summit to kick off in Montevideo with CPTPP issue topping the agenda

  

  The 61st Summit of the Southern Common Market (Mercosur) is starting Monday in Montevideo. During the two-day event, Uruguay is to hand over the six-month pro tempore presidency of the group to Argentina.