Economy

• Tuesday, December 27th 2022 - 08:11 UTC

  Opposition not happy with President Fernández paying CABA with bonds

  

  After Argentine President Alberto Fernández announced Monday that the federal government would abide by last week's Supreme Court (CSJN) ruling and pay the Autonomous City of Buenos Aires (CABA) its share of the so-called co-participation funds but not with pesos, Mayor Horacio Rodríguez Larreta's administration filed a complaint before the Supreme Court.

• Monday, December 26th 2022 - 20:40 UTC

  Argentine gov't now says it will pay City of Buenos Aires's tax share

  

  The Argentine government announced Monday that it will pay the Autonomous City of Buenos Aires (CABA) its share of the so-called co-participation funds after saying last week that the Supreme Court ruling ordering the measure was untenable and that further appeals “in extremis” would be filed.

• Monday, December 26th 2022 - 08:51 UTC

  Uruguay's cruise season in full swing; largest ever vessel MSC Seaview docks in Montevideo

  

  The cruise season in Uruguay is in full swing and according to local authorities, some 241 calls are expected this summer. On one day three cruises docked in Montevideo, the MSC Preziosa with 4,300 passengers, the Azamara Pursuit with 379 passengers, and the Oosterdam with 1,200 passengers.

• Saturday, December 24th 2022 - 10:06 UTC

  BB, World Bank team up to finance greener economy in Brazil

  

  The World Bank's Board of Directors Friday approved a US$ 500 million financing project for actions in Brazil linked to sustainability and the carbon credit market. The project was approved today (23), in Washington, by the World Bank Board of Directors. Joining the initiative to create a one-stop shop is Banco do Brasil (BB).

• Friday, December 23rd 2022 - 18:21 UTC

  Argentina's Central Bank reserves up after IMF disbursements

  

  Argentina's Central Bank (BCRA) reserves went up this week after the International Monetary Fund (IMF) agreed to disburse nearly US$ 6 billion following a successful review of the South American country's third-quarter targets. Thus, the BCRA reserves went up from US$ 39.052 billion to US$ 43.263 billion in the last 24 hours.

• Friday, December 23rd 2022 - 14:15 UTC

  Brazil's trade surplus in 2023 expected to reach US$ 72 billion

  

  Despite the global economic slowdown, the Brazilian Foreign Trade Association, AEB, indicated that the largest economy in South America is projected to have a higher trade surplus in 2023. Next year's positive result is expected to reach US$ 71,9 billion, which would be 14,3% higher than the US$ 62,9 billion this year.

• Friday, December 23rd 2022 - 14:11 UTC

  UK economy contracts more than expected in the third quarter

  

  The UK economy heading for recession, contracted more than expected in the third quarter with GDP falling 0.3% against an estimated 0.2%, according to the Office for National Statistics.

• Thursday, December 22nd 2022 - 10:12 UTC

  Indec reports Argentina's unemployment in 3Q at 7.1%

  

  Unemployment in Argentina in the third quarter of 2022 was 7.1%, according to a National Institute of Statistics and Census (Indec) report released Wednesday.

• Wednesday, December 21st 2022 - 09:48 UTC

  Chile and EU agree on a new trade association which eliminates most tariffs and promotes investment

  

  The European Union and Chile reached an understanding to modernize their successful twenty years old trade association agreement, which is part of the EU strategy to diversify its suppliers of critical commodities for the green transition and at the same time cut its dependence from China.

• Tuesday, December 20th 2022 - 20:09 UTC

  Uruguay's economy growing above global pace, Lacalle says

  

  Uruguayan President Luis Lacalle Pou said that while the world's economy would grow by 2.9%, that of his country would do so by over 5% by the end of 2022.