Economy

Wednesday, August 3rd 2022 - 08:50 UTC
Brazilian industrial exports to neighboring South American countries booming

As the global economy recovers from the Covid 19 pandemic and its contracting influence on production and trade, Brazil's commercial relations with South American neighboring countries soared by 64,7% last year, and is expected to do even better by the end of 2022. (7,3bn)
Wednesday, August 3rd 2022 - 08:00 UTC
Freight costs between Santos and Shanghai skyrocket 400% in two years

Sea freight cost between Santos, Brazil and Shanghai, China have risen 400% in two years. The hike was one of the main consequences of the covid-19 pandemic on Brazilian logistics, according to a study by a task force of the National Waterway Transportation Agency (Antaq) released last week
Monday, August 1st 2022 - 20:56 UTC
Brazilian customers have bought over 100,000 electric vehicles

The Brazilian market of battery-powered vehicles has crossed the psychologically relevant threshold of 100,000 units in circulation nationwide, as sales of this type of vehicle grew 47% yoy in the first semester of 2022, it was reported.
Saturday, July 30th 2022 - 10:09 UTC
IDB changes mind, and is again prepared to extend development loans to Argentina

Only last Monday Mauricio Claver-Carone, president of the Inter American Development Bank, IDB, published a letter in the Wall Street Journal blasting “Argentina's tumultuous financial record”, adding that IDB ”cannot rubber-stamp loan requests, without prudently ensuring it has a development impact.”
Saturday, July 30th 2022 - 08:10 UTC
No call, just a message from Argentine President to IMF Chief

Argentine President Alberto Fernandez sent International Monetary Fund (IMF) Managing Director Kristalina Georgieva a message explaining the cabinet reshuffle currently underway.
Friday, July 29th 2022 - 19:15 UTC
Boosted by Brazil and Mexico, Latin America's economy expected to expand 3% in 2022, IMF

Given the improved performance of Latin America's largest economies, particularly Brazil, Mexico, Colombia and Chile, the IMF has raised the 2022 growth projection for the Latam and the Caribbean.
Friday, July 29th 2022 - 09:55 UTC
Who's who in Argentina after Thursday's cabinet reshuffle

After Thursday's announcement of a large-scale cabinet reshuffle at Casa Rosada, the administration of President Alberto Fernández also announced the new destinations of the departing officials.
Friday, July 29th 2022 - 09:49 UTC
Slight increase in unemployment, Uruguayan statistics bureau reports

Unemployment in Uruguay has grown from 8.1% in May to 8.4% in June, according to a National Statistics Institute (INE) report on Activity, Employment and Unemployment released Thursday.
Thursday, July 28th 2022 - 09:55 UTC
Argentina: Massa denies he is to become Economy Minister

Argentina's Lower House Speaker Sergio Massa Wednesday denied rumors that he would take over as Economy Minister but that President Alberto Fernández was delaying the announcement until the incumbent Silvina Batakis returned from her US mission.
Thursday, July 28th 2022 - 09:10 UTC
Argentina's never ending tragic farce

By Andrés Velasco (*) - Argentine voters are no strangers to financial turmoil, but they keep electing politicians who run large fiscal deficits and finance them by printing pesos. Could it be that the only way for politicians to show they want to save the economy is to destroy it first?