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.

• Tuesday, October 18th 2022 - 10:09 UTC

  Arbeleche says Uruguay going through economic recovery

  

  Uruguay's Economy Minister Azucena Arbeleche Monday underlined her country was going through a process of economic recovery despite the global scenario.

• Tuesday, October 18th 2022 - 10:07 UTC

  Inflation projections in Brazil fall yet again

  

  Brazilian economic authorities have cut down projections regarding 2022's annual inflation from 5.71% to 5.62%, it was reported Monday. It was the 16th consecutive reduction of the National Wide Consumer Price Index (IPCA) estimate.

• Tuesday, October 18th 2022 - 10:00 UTC

  September, record export month for Brazilian agribusiness: US$ 14 billion

  

  Brazilian agribusiness exports reached US$ 13.97 billion in September 2022, a record for the month with a 38,4% increase compared to the corresponding period of 2021. In addition to the increase in prices, which rose 17.2% between September 2022 and September 2021, the volume exported was up 18.1%.

• Tuesday, October 18th 2022 - 09:55 UTC

  Stability, confidence the priorities, and hard times ahead said Chancellor Hunt in a momentous U-turn speech

  

  Financial markets reacted positively Monday after the United Kingdom's new Chancellor of the Exchequer scrapped Prime Minister Liz Truss' tax-cutting economic stimulus package. Jeremy Hunt, who was appointed to the role only on Friday, said the unfunded tax measures had been eliminated and underlined that stability, confidence and helping the most vulnerable, were now the government's goals and number one focus.

• Tuesday, October 18th 2022 - 09:52 UTC

  September inflation in Patagonia reached 6,1% and 66,2% in nine months

  

  Inflation across in Tierra del Fuego, Argentine Patagonia reached 6,1% during the month of September, 66,2% so far this year, and did not include modifications in basic services rates, but nevertheless was considered a great success in Buenos Aires because it was down from 7%, the previous month.