Economy

Friday, July 15th 2022 - 20:41 UTC
Uruguay deal: China ratifies successful completion of FTA feasibility probe

China's Ministry of Commerce Spokeswoman Shu Jue Ting Thursday ratified her country deemed the possible conclusion of a Free Trade Agreement (FTA) with Uruguay to be of the utmost importance.
Friday, July 15th 2022 - 09:11 UTC
How did Fitch rate Brazil in its last report? Last time around it was negative

The worldwide-known risk rating agency Fitch Thursday released a new report in which the outlook for Brazil's public debt has been moved up from May 2020's negative grading after the onset of the COVID-19 pandemic.
Thursday, July 14th 2022 - 20:13 UTC
June's CPI rose 5.3% in Argentina

Argentina's National Institute of Statistics and Census (Indec) Thursday released its monthly report, which showed that the Consumer Price Index (CPI) had risen 5.3% in June 2022, after a 5.1% increase in May for a 64% yoy adjustment and 36.2% in the first half of 2022.
Thursday, July 14th 2022 - 09:52 UTC
Uruguay announces beginning of talks with China to reach FTA

Uruguayan President Luis Lacalle Pou Wednesday announced negotiations with China to reach a bilateral free trade agreement are to begin, after technical teams from the two countries found it feasible, it was reported in Montevideo.
Thursday, July 14th 2022 - 09:30 UTC
Argentina reshapes taxation to make up for gap between official and “blue” dollar

The Government of Argentina has adjusted the so-called PAIS tax from 35% to 45% as of Thursday to equate the exchange rate between the local currency and the US dollar to that existing in the unofficial “blue” market.
Thursday, July 14th 2022 - 09:10 UTC
Ukraine war: Euro cheaper than the US dollar for the first time in two decades

As Ukraine war continues and fears that Russia could further restrict Europe's supplies of gas, increasing the chances of a recession in the Eurozone, the European common currency has fallen below the dollar for the first time in nearly 20 years.
Thursday, July 14th 2022 - 08:01 UTC
Panamanian protesters to stay in the streets until their demands are met

Thousands of Panamanians took to the streets over the past few days to protest against the seemingly unstoppable inflation and Government corruption, while measures offered by the administration of President Laurentino Cortizo regarding the price of fuel and food were deemed insufficient.
Wednesday, July 13th 2022 - 22:47 UTC
Still 132 years before gender parity, World Economic Forum report heralds

The planet will reportedly need to wait another 132 years before total parity between men and women is achieved in the economic, political, educational, and health fields, according to a World Economic Forum (WEF) report on the gender gap released Wednesday.
Wednesday, July 13th 2022 - 09:47 UTC
Argentina targeting export industries, facilitates the import of fertilizers

Argentina has eased conditions for importers of fertilizers and crops' protection products, among other issues by facilitating access to much scarce foreign currency. The Central Bank has increased restrictions on sumptuary imports, traveling, and overseas purchases given the lack of sufficient dollar reserves for the purchase of industry imports.
Wednesday, July 13th 2022 - 09:45 UTC
Scioli off to Brazil in a move to cut down Argentina's trade deficit

Argentina's Productive Development Minister Daniel Scioli is taking center stage this week as he leaves Wednesday for Sao Paulo on a mission to overcome the sustained trade deficit between his country and Brazil, where he has served as Ambassador up until last month when he was summoned to Buenos Aires to replace Matías Kulfas.