Economy

• Saturday, November 12th 2022 - 10:41 UTC

  Argentina's prices too difficult to match, Uruguayan president admits

  

  Uruguayan President Luis Lacalle Pou Friday insisted his country could not compete with Argentina's prices due to the difference in currency exchange rates and pledges to advance new measures to help businesses in bordering areas heavily affected by residents doing their shopping on the other side.

• Friday, November 11th 2022 - 10:20 UTC

  Falklands: additional funding for overseas students in higher education considered

  

  Inflation is biting and additional funding for Falkland Islands students studying overseas for their higher or further education is being considered by Falkland Islands government as cost of living escalates globally, Penguin News was told by MLA Leona Roberts, portfolio holder for Education and Community.

• Thursday, November 10th 2022 - 10:17 UTC

  Mayor of Santos argues privatization of Brazil's largest port has to be addressed by Lula's incoming government

  

  The mayor of the port city of Santos, Rogério Santos, argues that representatives of president-elect Lula da Silva should take part in the privatization process of the Santos Port Authority (SPA), whose auction is scheduled for December.

• Thursday, November 10th 2022 - 10:10 UTC

  Paraguayan foreign traders concerned over Waterway toll

  

  Officials and exporters in Asunción continue to object to Argentina's announcement that shipments through the Paraná River Waterway will have to pay a toll, which would generate an extra cost of 7%.

• Thursday, November 10th 2022 - 10:07 UTC

  Chile's interannual inflation on downward path

  

  Chile's inflation in October reached 0.5 % over the previous month, the National Statistics Institute (INE) reported this week. The new figure means an accumulated 11.4 % in the first ten months of 2022 and 12.8 % interannually.

• Thursday, November 10th 2022 - 09:38 UTC

  Argentina's industries highlight exports needed to make up for lack of US dollars

  

  Leaders of Argentina's Industrial Union (UIA) Wednesday highlighted the country's export potential, particularly that of Vaca Muerta, to make up for the loss of foreign currency affecting the nation's coffers.

• Wednesday, November 9th 2022 - 22:00 UTC

  Car sales in Brazil affected by pro-Bolsonaro demonstrations

  

  Brazil's National Association of Motor Vehicle Manufacturers (Anfavea) has reported this week that sales of brand-new cars fell in the past few days as demonstrators took to the streets in several cities nationwide claiming that incumbent President Jair Boolsonaro had defeated Luiz Inácio Lula Da Silva in the Oct. 30 runoffs, thus contradicting the announcement by the Superior Electoral Court (TSE).

• Tuesday, November 8th 2022 - 09:28 UTC

  Argentina to create yet another dollar exchange rate

  

  Argentina's Superminister of Economy, Industry, and Agriculture Sergio Massa Monday announced the creation of yet a new parity between the local currency and the US dollar to be applied to regional economies.

• Monday, November 7th 2022 - 09:30 UTC

  Uruguayan beef makes successful presentation in Shanghai

  

  An Uruguayan team has successfully persuaded would-be buyers at the 5th China International Import Expo (CIIE) in Shanghai of the benefits of a healthy diet containing beef from the South American country.

• Saturday, November 5th 2022 - 10:42 UTC

  Agreement between Argentina, U.S. on undeclared deposits ready to be signed

  

  Argentina's “Superminister” of Economy, Industry, and Agriculture Sergio Massa is counting on an agreement to be signed with the United States shortly to detect undeclared bank accounts abroad which would allow holders to evade taxes.