Economy

• Friday, July 22nd 2022 - 10:01 UTC

  Chilean women paid less than men in 2021, study showed

  

  Chilean women earned 21.7% less than men during 2021, according to a study released Thursday.

• Friday, July 22nd 2022 - 09:44 UTC

  Argentina's foreign trade balance yields deficit in June

  

  Argentina's foreign trade balance came out in the red in June of 2022 for the first time since 2018, it was reported in Buenos Aires by the National Institute of Statistics and Census (INDEC).

• Friday, July 22nd 2022 - 09:40 UTC

  Plenty of business opportunities available with China, Argentine report says

  

  A report released Thursday by Argentina's Undersecretary for Trade and Investment Promotion Pablo Sívori highlighted the progress over the past 20 years of trade between his country and China, which rose from US$ 1 billion to nearly US$ 20 billion yearly.

• Friday, July 22nd 2022 - 09:30 UTC

  European Central Bank raises benchmark interests, first time in eight years

  

  The European Central Bank on Thursday raised key interest rates for the first time in over a decade with the purpose of combating inflation, reflected in consumer prices of the Euro-zone which reached 8,6% in the first half of the year.

• Friday, July 22nd 2022 - 07:59 UTC

  Argentina creates differential exchange rate for foreign travelers

  

  Argentina's monetary authorities Thursday launched an initiative whereby foreign tourists may sell up to US$ 5,000 through official banking channels at a rate as close as possible to the so-called “blue” dollar.

• Thursday, July 21st 2022 - 21:20 UTC

  Uruguay refuses to sign Mercosur Summit's joint statement

  

  The Government of Uruguay Thursday refrained from signing the joint document penned at the Mercosur Summit in Asunción, on the grounds that it lacked any mention of flexibilization, which the Luis Lacalle Pou administration needs to broker one-on-one deals with other blocs or countries or blocs of the block.

• Wednesday, July 20th 2022 - 10:55 UTC

  Despite Mercosur summit in Paraguay, Bolsonaro keeps cutting tariffs for critical inputs of industry and medicine

  

  Although Brazilian president Jair Bolsonaro is not attending the Mercosur summit in Paraguay, his administration continues with its policy of unilaterally reducing the common external tariff. In this case Brazil's Foreign Trade Chamber Executive Committee approved the reduction of import tariffs on thirteen items, including medicines, medical equipment, printing ink and polypropylene resin. Tariffs were cut to zero or reduced to 2%, from 2% and 6,5%.

• Wednesday, July 20th 2022 - 10:50 UTC

  Rio Grande port in south Brazil plans to increase export shipments from Uruguay and Paraguay

  

  The Port of Rio Grande in the Brazilian southernmost state of Rio Grande do sul, will have continuous dredging of its access channel. The decision follows strong long-standing demand from operators and the fact that the main maritime port terminal in the state of Rio Grande do Sul also has close links with the three other Mercosur member countries, Paraguay, Argentina and Uruguay.

• Wednesday, July 20th 2022 - 10:45 UTC

  Argentina: unofficial dollar crosses psychological AR$ 300 barrier

  

  The unofficial exchange rate between the local peso and the US dollar most commonly used by Argentines, also referred to as “blue,” Tuesday crossed the iconic AR$ 300, reaching an all-time high.

• Wednesday, July 20th 2022 - 10:39 UTC

  EU eyes CELAC for food; Mercosur “a more complicated issue”

  

  Josep Borrell, the European Union's top diplomat, has said Latin America would host a CELAC meeting sometime next year, but admitted that ratifying the 2019 trade agreement with Mercosur was “a more complicated issue.”