Economy

• Tuesday, August 23rd 2022 - 09:27 UTC

  Yet another month of trade deficit for Argentina

  

  Argentina's trade balance came out in the red in July of 2022 after yielding a US$ 437 million deficit, the National Institute of Statistics and Census (Indec) showed Monday in a report.

• Monday, August 22nd 2022 - 17:32 UTC

  Fuel goes up at pumps in Argentina, but below inflation

  

  Argentina's state-run oil company increased the price of fuel at pumps by 7.5% on average Sunday but it remained well below figures in neighboring cities abroad. The accumulated devaluation since the last naphtha adjustment is 16%.

• Monday, August 22nd 2022 - 10:07 UTC

  Massa appoints Argentina's new Secretary of Economic Programming

  

  Argentina's Superminister Sergio Massa, who is not an economist himself despite having been entrusted with what used to be 3 Ministries (Economy, Agriculture and Production) Sunday confirmed through social media Gabriel Rubinstein would be joining his team as Secretary of Economic Programming.

• Monday, August 22nd 2022 - 09:33 UTC

  Santos outperforms other Brazilian ports, despite a drop in overall throughput

  

  As a lingering consequence of the covid-19 pandemic and a slowdown of the Chinese economy, cargo throughput in Brazilian ports fell by 3.3% in the first half of the year compared to the same period of 2021. On the other hand, the Port of Santos recorded an increase of 5.6% over the same period. The data are included in a report published by Brazil’s National Waterway Transportation Agency (Antaq).

• Saturday, August 20th 2022 - 09:37 UTC

  Uruguay's Ancap profitable despite adjusting prices below import parity

  

  Uruguay's state-run oil company Ancap yielded profits of US$128 million for the first semester of 2022 despite adjusting prices below the import parity price (IPP), it was announced Friday in Montevideo.

• Friday, August 19th 2022 - 10:15 UTC

  Superminister Massa says unemployment in Argentina is 6.7%

  

  Argentina's Economy Minister Sergio Massa said Thursday during an event at the Council of the Americas that unemployment had fallen to 6.7%. He added that his country had an enormous amount of resources, but it was not rich, although it was full of rich people.

• Friday, August 19th 2022 - 09:39 UTC

  Foreign ministers of Chile, China highlight bilateral ties and FTA

  

  While Europe plans to take steps to rebuild its ties with Latin America after Moscow and Beijing sneaked in as the region's new most important partners, the Foreign Ministers of China and Chile held a telephone conversation earlier this week, it was reported.

• Thursday, August 18th 2022 - 20:45 UTC

  EU working to stop Russian, Chinese expansion in Latin America

  

  The European Union has noticed of Russia's and China's advancements in Latin America and is devising a series of measures to counter those effects and avoid losing its traditional partners, it was reported.

• Thursday, August 18th 2022 - 09:19 UTC

  Uruguay's economy shows drop in sales

  

  Uruguay's domestic trade has recorded a 5.3% drop in sales of products and services during the second quarter of 2022, the Chamber of Commerce and Services reported Wednesday.

• Thursday, August 18th 2022 - 09:02 UTC

  Argentine unions, social groups demand favorable gov't actions

  

  Argentine unionist groups and social organizations took over the streets of Buenos Aires Wednesday causing traffic jams during office hours as they protested against rising inflation and unemployment and the deterioration of living conditions in general under the administration of President Alberto Fernández.