Economy

• Saturday, October 29th 2022 - 10:00 UTC

  Chile: Leading copper producer reports 10.4% drop in output

  

  Chile's state-owned copper producer Codelco reported Friday a 10.4 % decrease in output in the first three quarters of 2022.

• Saturday, October 29th 2022 - 09:30 UTC

  Further deflation reported in Brazil

  

  Brazil's General Price Index - Market (IGP-M) registered deflationary figures yet again in October this year (0.97%) after a 0.95% drop the month before, it was reported by Agencia Brasil.

• Friday, October 28th 2022 - 10:13 UTC

  Falklands approves package to support the community with the cost of living

  

  This week the Falkland Islands Executive Council, ExCo approved a paper which looks to support our community with the increased cost of living. The current programs which support those in need have been reviewed and targeted changes will be made to them. A new temporary scheme has also been developed to assist households with rising fuel and electricity prices.

• Thursday, October 27th 2022 - 10:16 UTC

  UK's Autumn's budget delay to Nov 17, leaves BoE on the dark as to interest rate increase next week

  

  Since British Chancellor of the Exchequer Jeremy Hunt pushed back this year's autumn statement (expected “mini budget”) --from Halloween to 17 November--. Bank of England who are meeting on 3 November have been left without guidance as to the government's tax and spending policies.

• Thursday, October 27th 2022 - 10:14 UTC

  Uruguay successfully issues US$ 1,5 billion “green linked bond,” with US$ 3,96 billon demand

  

  On Friday October 20, Uruguay issued its first sustainability-linked bonds (SLB), with a step-down mechanism that is activated if it reaches certain environmental targets. The purpose is to align the country’s sovereign debt policy with its climate goals by issuing a bond that links the coupon to compliance with the climate and environmental goals that the country set in its first Naturally Determined Contribution (NDC) to the Paris Agreement.

• Thursday, October 27th 2022 - 10:08 UTC

  Boosted by fertilizers, Brazil/Canada bilateral trade breaking records

  

  Another record year for Brazil/Canada bilateral trade. Between January and September of this year, the trade flow – which represents the sum of imports and exports – totaled US$ (FOB) 8.223 billion, surpassing the US$ (FOB) 7.497 billion accumulated in the 12 months of 2021.

• Thursday, October 27th 2022 - 09:50 UTC

  Car production halted in Argentine plant due to lack of imported parts

  

  Carmakers Fiat had to halt production Wednesday at its plant in the Argentine province of Córdoba due to the lack of imported inputs, the Stellantis group explained.

• Thursday, October 27th 2022 - 09:38 UTC

  Uruguayan customs to up smuggling controls

  

  Uruguayan Customs is to seize any package over 5 kilos to protect traders in border towns, who suffer the consequences of the depreciation of the Argentine peso which makes shopping across the border more convenient, it was announced.

• Wednesday, October 26th 2022 - 21:34 UTC

  Argentine team off to France for Paris Club debt talks

  

  A technical team headed by Argentina's National Institute of Statistics and Census Chief Marco Lavagna is on its way to Paris to renegotiate the nearly US$ 2.500 billion debt the South American country has with 24 agencies and banks from 16 countries.

• Wednesday, October 26th 2022 - 19:30 UTC

  Over a quarter of a million new jobs created in Brazil

  

  According to a report from Brazilian economic authorities released Wednesday, South America's largest country generated around 278,000 new formal jobs in September this year.