Economy

Monday, July 4th 2022 - 20:43 UTC
No more foreign players for Argentine football clubs due to US dollar crisis

Argentina's current economic crisis is taking its toll on football. Transactions involving foreign players who were about to be hired by local clubs have been put on hold after local clubs have been rendered unable to have access to the amount of US dollars needed for the deal to go through.
Monday, July 4th 2022 - 10:43 UTC
Alberto Fernández picks Silvina Batakis as new Economy Minister

Argentine President Alberto Fernández chose Silvina Batakis as the new Economy Minister following the resignation of Martín Guzmán during the weekend, a move which has prompted a rise in the informal exchange rate between the local peso and the US dollar, thus fueling already seemingly unstoppable inflation.
Sunday, July 3rd 2022 - 14:26 UTC
Argentine Economy Minister resigns, President's fate at stake

Martín Guzmán has turned in his resignation Saturday as Economy Minister of Argentina, dealing with what many regards as a coup de grace to the administration of President Alberto Fernández, amid rampant inflation and growing popular discontent following additional restrictive measures regarding imports and the purchase of hard currency (namely US dollars) for transactions abroad, where the local peso carries no weight.
Saturday, July 2nd 2022 - 10:09 UTC
Chile's gov't aims to tax the wealthiest and the mining companies

The administration of Chilean President Gabriel Boric Font Friday moved on with its initiative to introduce a revolutionary tax reform, which targets the wealthiest 3% of the population and the large copper mining companies.
Friday, July 1st 2022 - 22:45 UTC
Lacalle arrives in Colombia to meet Duque but not Petro

Uruguay's President Luis Lacalle Pou landed late Thursday local time at Bogotá's Eldorado international airport, where he was welcomed by Deputy Foreign Minister Francisco Echeverri.
Friday, July 1st 2022 - 10:35 UTC
Argentina insists Malvinas negotiations with UK are essential if bilateral relations are to advance

On a few occasions and at such level, has Argentina had the opportunity to say that if the relation between Argentina and UK is to increase, first we must address the Falklands/Malvinas question, otherwise “that relation will not advance”.
Friday, July 1st 2022 - 09:53 UTC
Ecuadorian gov't and indigenist protesters reach agreement to lift strike

The Ecuadorian administration of President Guillermo Lasso and indigenist demonstrators have agreed to lift the current series of protests following a cut in the price of fuel, it was reported in Quito.
Thursday, June 30th 2022 - 19:58 UTC
Chile reducing unemployment, albeit slowly

Chile's National Institute of Statistics (INE) Wednesday released a report showing a 7.8% unemployment rate for the March/May 2022 quarter, a 0.1% turn for the worse when compared to the February-April period, although, overall, nearly 96% of the jobs lost during the COVID-19 pandemic have been recovered.
Wednesday, June 29th 2022 - 23:39 UTC
Uruguayan peso keeps growing against US dollar

While the Argentine peso keeps losing ground against the US dollar, just the opposite is going on across the River Plate, where the Uruguayan currency is stronger every day, having undergone a 12.4% appreciation so far this year.
Wednesday, June 29th 2022 - 10:08 UTC
Russia endorses Argentine, Iran joining BRICS

Russia's Foreign Minister Sergey Lavrov Tuesday said his country would welcome the enlargement of the BRICS bloc made up of Brazil, Russia, India, China, and South Africa by adding Argentina and Iran to the list of member nations.