Economy

Thursday, February 10th 2022 - 21:27 UTC
St Valentine's Day rise in bread to hit beleaguered Argentine families

The price of bread in Argentina is to rise between 20% and 25% as of next Monday, Feb. 14 in a very special St Valentine's Day gift both to consumers and to a Government that is struggling to curb inflation and keep the exchange rate of the local peso against the US dollar from skyrocketing.
Thursday, February 10th 2022 - 09:22 UTC
Excellent prospects for Mercosur beef exports, except Argentina

The Argentine beef industry is optimistic about world meat production and global demand this year, with China again playing a leading market role. A report issued by Argentina's Rosario Stock Exchange (BCR) and the Mercado Ganadero Department (Rosgan), world beef production will reach 58 million tons, representing a 1% increase over 2021.
Thursday, February 10th 2022 - 09:10 UTC
Starving Venezuelan pensioners take it to the streets of Caracas

Venezuelan senior citizens Wednesday marched through Caracas' Plaza de La Moneda, not far from the presidential Miraflores Palace, to launch an “SOS” message and call for help as they can barely survive on their pay.
Thursday, February 10th 2022 - 09:00 UTC
The Future of Money: Gearing up for Central Bank Digital Currency

By Kristalina Georgieva, IMF Managing Director – Let me start by thanking the Atlantic Council for providing a fitting venue to discuss central banks’ forays into Digital Currencies.
Wednesday, February 9th 2022 - 22:08 UTC
No harm in Uruguay's banking system dollarized, Moody's report says

Although 76% of deposits in Uruguayan banks are in US dollars, credit rating consultants Moody's have said there was nothing to fear.
Wednesday, February 9th 2022 - 22:03 UTC
Argentina's industrial activity on a recovery path

Argentina's National Institute of Statistics and Censuses (Indec) Wednesday reported local industrial output had recorded a 15.8% growth in the year 2021, boosted by automotive and transport which showed a 50.9% increase.
Tuesday, February 8th 2022 - 09:37 UTC
2021 was a good year for foreign direct investment in Chile, the highest since 2015

Foreign Direct Investment, FDI, in Chile during the twelve months of 2021 reached US$ 16,782 billion, the best amount since 2015, according to the Central bank which added it represented a 95% increase over 2020. Overall it was 62% higher than the average of the last five years, and 16% above the 2003/2021 average.
Monday, February 7th 2022 - 09:13 UTC
New gas well found in Bolivia, expected to generate millions of dollars

Bolivian President Luis Arce Catacora has confirmed over the weekend the discovery of large gas reserves which -he hoped- would yield substantial profits to the country.
Sunday, February 6th 2022 - 19:32 UTC
Cuban official says ok to withhold surplus earnings of foreign company workers

Cuba's Foreign Trade Minister Rodrigo Malmierca has said in an interview with local current news magazine Bohemia last week that he saw a contradiction in workers of global companies earning more than those who did the same job for the local State.
Saturday, February 5th 2022 - 15:41 UTC
Moody's warns Argentina's unwritten IMF deal does not avert default

Credit rating consultants Moody's Friday issued a report according to which Argentina's ”long history of failure when implementing International Monetary Fund (IMF) programs” meant the risk of default had not been averted.