Economy

• Wednesday, March 9th 2022 - 21:10 UTC

  Argentina's monthly inflation above that of Venezuela in 2022

  

  Argentina's consumer price index (CPI) for the month of February of 2022 is expected to be around 3.9%, while Venezuela's would be below half that much, at 1.7%, it was reported.

• Wednesday, March 9th 2022 - 09:56 UTC

  Severe drought impacts on Argentine corn and soybean crop estimates

  

  Argentina’s corn 2021/22 crop has now been estimated at less than the 48 million tons of just a few weeks ago, according to the Rosario grains exchange, because a severe drought has slashed yields. Likewise with soybeans first estimate of 40,5 million tons.

• Tuesday, March 8th 2022 - 09:55 UTC

  “Nobody is happy with the IMF understanding, we all despise the Fund,” Argentine president

  

  Argentine president Alberto Fernandez admitted “nobody is happy” with the latest understanding reached with the International Monetary Fund, but under no circumstances does it condition the Argentine government economic policy, finally confessing he “despises” the IMF.

• Tuesday, March 8th 2022 - 09:46 UTC

  Ukraine/Russian conflict will have a severe impact on the global economy, anticipates IMF

  

  The International Monetary Fund (IMF) Executive Board addressed the economic impact of the war in Ukraine, price shocks of energy and commodity prices, and on possible fast-tracked financial assistance for affected countries since a severe impact on the global economy can be expected.

• Tuesday, March 8th 2022 - 09:36 UTC

  Brazilian economy expanded 4,6% in 2021, despite a 0,2% contraction of agriculture

  

  Contrary to foreign forecasts from multilateral organizations forecasts, Brazil’s Gross Domestic Product (GDP) ended 2021 with a 4.6% growth, totaling 8.7 trillion (about US$ 1,7 trillion at the current rate). The country managed to recover from the slowdown of 2020 when the Brazilian economy shrank 3.9% because of the pandemic.

• Tuesday, March 8th 2022 - 09:15 UTC

  Peru, UK further coordinate cooperation work

  

  Peru's Economy Minister Oscar Graham and British Ambassador to Lima Kate Harrisson Monday held a meeting to coordinate the upcoming mutual projects, such as Reconstruction with Change and Bicentennial Schools, it was reported.

• Tuesday, March 8th 2022 - 09:11 UTC

  FAO food price soars in February but profit margins are squeezed by energy, fertilizer and feed costs

  

  The benchmark gauge for world food prices went up in February, reaching an all-time high, led by vegetable oils and dairy products, the Food and Agriculture Organization of the United Nations (FAO) has reported.

• Monday, March 7th 2022 - 09:40 UTC

  Globally-known credit cards no longer of use for Russians

  

  The world's leading credit cards issued by Russian banks will no longer be accepted outside the country, while those issued abroad will not be valid for transactions, it was announced over the weekend.

• Monday, March 7th 2022 - 09:38 UTC

  China's fisheries policy changing? Diverting fuel subsidies from vessels to good WTO fishing practices

  

  China is growing up to its international commitments: two coastal provinces following instructions from the Ministry of Agriculture and Rural Affairs have started to award “fishery stewardship subsidies” to its vessels depending on how they implement measures such as catch volumes, respecting opening and closure of seasons, during the previous year.

• Saturday, March 5th 2022 - 09:59 UTC

  Financial sanctions on Russia expected to hit harder on its ally Venezuela

  

  Measures and sanctions targeting Russia's economy and banking system because of its military invasion of Ukraine, are having a great impact in world trade but the situation is anticipated will be particularly worse for some Latin American countries close to Moscow and the Vladimir Putin regime.