Economy

• Wednesday, June 29th 2022 - 09:57 UTC

  IMF wires nearly US$ 4bn to Argentina's coffers

  

  The International Monetary Fund (IMF) has wired US$ 3,980 million to Argentina, thus boosting the country's reserves to US$ 42,139 million, it was reported in Buenos Aires.

• Wednesday, June 29th 2022 - 09:43 UTC

  Job creation on the rise, Brazilian report shows

  

  Brazil has recorded the creation of 277,018 new formal jobs in May this year, according to a Labor Ministry report released Tuesday.

• Tuesday, June 28th 2022 - 09:45 UTC

  Uruguay foresees economic growth, job creation and tax cuts

  

  Uruguay's Economy Minister Azucena Arbeleche Monday said the Government foresees a 4.8% growth in 2022 and the creation of 40,000 jobs, which would make the lowering taxes feasible.

• Tuesday, June 28th 2022 - 09:40 UTC

  Unemployment for skilled laborers finds new ground in Argentina

  

  The German magazine Der Spiegel published back in 1993 an issue with a drawing on its cover mentioning “Dr. Arbeitslos” (Dr. Unemployed) which reported on the dubious future of holders of post-graduate degrees in a labor market that seemed to have no need for them.

• Tuesday, June 28th 2022 - 09:31 UTC

  BCB head says worst part of inflation in Brazil is over

  

  Brazil's Central Bank (BCB) CEO Roberto Campos Neto said Monday that the worst part of inflation in his country was over, after the proper tools to curb the process had been taken.

• Friday, June 24th 2022 - 00:20 UTC

  Brazil: Inflation and GDP projections up from March figures

  

  Brazil's Central Bank (BCB) Thursday announced it projected a 1.7% increase in the country's Gross Domestic Product (GDP) by the end of 2022, thus improving a previous forecast released in March, which mentioned merely 1%.

• Wednesday, June 22nd 2022 - 18:18 UTC

  Argentine minister vows to halt speculative imports of unnecessary items

  

  Argentina's Productive Development Minister Daniel Scioli has announced he would step in to curb speculative imports and stop those who take advantage of the existing dual exchange rate between the local peso and the US dollar.

• Wednesday, June 22nd 2022 - 10:44 UTC

  More poverty and misery ahead for most Argentines as food prices soar

  

  An Argentine household needs a monthly income of at least 100,000 Pesos equivalent to US$ 781 at the official rate, (128 Pesos to the dollar) or US$ 454 (free market, 220 Pesos to the dollar) to remain just above the poverty line, according to the latest estimate from the government's Stats Office, Indec.

• Tuesday, June 21st 2022 - 10:50 UTC

  “We have an enormous future,” Argentine President says

  

  Argentine President Alberto Fernández Monday said “Argentina is not the country without destiny that some people say it is.” He made those remarks during a celebration marking the national Flag Day holiday (commemoration of Flag creator General Manuel Belgrano's death on June 20, 1820).

• Monday, June 20th 2022 - 08:17 UTC

  Falklands extends support schemes for businesses impacted by Covid-19

  

  The Falkland Islands government, FIG, has reviewed support schemes in place to assist businesses impacted by Covid-19 and has created a number of temporary measures to assist businesses and individuals under certain circumstances.