Economy

• Saturday, November 5th 2022 - 10:37 UTC

  Mercosur meatpackers concerned over weaker demand from the Chinese market

  

  Brazilian meatpackers, large and small, have seen a drop in exports during October, which have been considerably slower than during the month of September. Shipments dropped some 43,000 tons, particularly to China, which has caused certain unrest, because the Asian giant has long become Brazil's (and Mercosur) main export market.

• Saturday, November 5th 2022 - 10:20 UTC

  Despite “exceptional” profits, Maersk warns of “dark clouds in the horizon”

  

  Maersk, one of the world’s largest container shipping firms, on Wednesday posted a record profit for the third quarter on the back of high ocean freight rates but also cautioned about a slowdown in demand.

• Saturday, November 5th 2022 - 09:48 UTC

  Ex BoE governor blames much of UK's economic challenges on Brexit

  

  Former Bank of England governor, Mark Carney said that the fall in the pound and shrinking economy after the UK left the European Union, Brexit, had added to “inflationary pressure”.

• Friday, November 4th 2022 - 18:50 UTC

  Lula intent in amending the Mercosur/EU trade agreement: EU pleased with its current wording

  

  The first clash of the Brazilian president-elect with the European Union occurred, given Luiz Inácio Lula da Silva's anticipated intention to introduce modifications to the Mercosur/EU trade agreement, discussed for two decades.

• Friday, November 4th 2022 - 10:32 UTC

  Boric launches bill to change Chile's pension system

  

  Chilean President Gabriel Boric Font has submitted before Congress a bill to end the pension fund administrators system created under dictator Augusto Pinochet.

• Friday, November 4th 2022 - 10:22 UTC

  Venezuela announces return to Andean Community of Nations

  

  Venezuelan President Nicolás Maduro Thursday announced his administration's plan to rejoin the Andean Community of Nations (CAN), a subject he had discussed earlier this week with his Colombian colleague Gustavo Petro.

• Friday, November 4th 2022 - 10:15 UTC

  Argentine carmakers report inter-annual progress

  

  Despite the lack of auto parts and other foreign inputs due to government restrictions aimed at keeping US dollars within the Central Bank's reserves, Argentina's carmaking industry grew 27.8% year-on-year in October, it was reported in Buenos Aires.

• Thursday, November 3rd 2022 - 20:37 UTC

  Argentina's timber industry risks closure due to lack of foreign inputs

  

  The Argentine Chamber of the Wood Industry (CAIMA) has warned that local producers may soon be forced to halt all activity due to the lack of imported inputs stemming from the restrictions imposed by President Alberto Fernández's administration on purchases abroad.

• Thursday, November 3rd 2022 - 10:16 UTC

  Peru's post-pandemic economic recovery faster than that elsewhere

  

  Peru quickly bounced back from the COVID-19 pandemic, even if compared with other countries in the region and the world, according to reports released Wednesday in Lima.

• Wednesday, November 2nd 2022 - 20:23 UTC

  Brazil's Economy Ministry reports foreign trade surplus in October

  

  After Sunday's elections and the nationwide protests by supporters of President Jair Bolsonaro who refuse to admit former leader Luiz Inácio Lula da Silva will be once again head of state on Jan. 1, the Economy Ministry released this week a report showing the country had recorded a trade surplus of US$ 3.921 billion in October alone.