Economy

Saturday, January 8th 2022 - 12:34 UTC
Alberto Fernández takes over CELAC's pro-tempore presidency

Argentine President Alberto Fernández Friday said that the Community of Latin American and Caribbean States (CELAC) “was not born to oppose or confront other institutions” as he took over the body's leadership from Mexico.
Friday, January 7th 2022 - 11:52 UTC
Argentina, Cuba sign bilateral deals to foster food sovereignty

Bruno Rodríguez Parrilla and Santiago Cafiero, Foreign Ministers of Cuba and Argentina respectively, Thursday signed in Buenos Aires a bilateral cooperation agreement for Agricultural Development “to promote the food sovereignty of Cuba,” it was announced.
Thursday, January 6th 2022 - 22:11 UTC
Black Thursday for Argentina's economy – no agreement with IMF

Argentine President Alberto Fernández and Economy Minister Martín Guzmán agreed not to give in to additional demands from the International Monetary Fund (IMF) regarding the US $ 44 billion loan from the previous national administration.
Thursday, January 6th 2022 - 08:23 UTC
Apple, first company to reach a market value of US$ 3 trillion

Apple Inc. reached a market value of US$ 3 trillion (twelve zeroes) during intraday trading on Monday, when its share price hit US$ 182,86. Although the milestone is mainly symbolic, (Wednesday shares were down to US$ 175) it shows investors remain bullish on Apple stock.
Thursday, January 6th 2022 - 07:55 UTC
Bank of England answers, “Why can't we just print more money?”

“Can’t we just print more money?” is a new pop-economics book, written by the Bank of England, which will be published this May in partnership with Cornerstone Press (Penguin Random House).
Thursday, January 6th 2022 - 07:37 UTC
UK/Falklands 2021 trade in goods and services was down 9,7% compared to the previous year

Total trade in goods and services (exports plus imports) between the UK and Falkland Islands was £112 million in the four quarters to the end of Q2 2021, a decrease of 9.7% or £12 million from the four quarters to the end of Q2 2020. Figures are from the UK ONS, Office for National Statistics.
Thursday, January 6th 2022 - 07:27 UTC
GM no longer King of the Hill; Toyota tops car sales in US market for the first time

General Motors is no longer King of the Hill. Japanese carmaker Toyota led United States automobile sales for the first time in 2021 indicated Automotive News. The shift at the top of the rankings came after a year in which assembly lines were plagued by a scarcity of crucial computer chips, resulting in steep fourth-quarter sales declines for both companies.
Wednesday, January 5th 2022 - 10:17 UTC
In three decades the Argentine Peso equivalent to one dollar, is now worth less than 5 US cents

Some three decades ago the new Argentine democratically elected government takes office determined to put an end to endemic inflation when not hyperinflation. The new scheme was convertibility, making the Peso equivalent to one US dollar. Following strictly to the book, this meant a tight rein on spending and selling government companies that only accumulated deficits.
Tuesday, January 4th 2022 - 17:57 UTC
Foreign trade yield US $ 15 billion to Argentina's Central Bank in 2021

Foreign trade has meant around US $ 15 billion for Argentina's Central Bank (BCRA) in 2021, according to projections reported Monday in Buenos Aires. It became the fifth best surplus so far in the 21st century, despite November's US $ 117 million deficit, the first setback since 2018.
Tuesday, January 4th 2022 - 06:45 UTC
Cannabis developers eye Paraguay to further expand their business

As cannabis gradually transitions from a cultural drug to just an agricultural product like any other, Paraguay's unique conditions make it a destination of choice for those trying to develop the newly-legalized business, according to a report carried by the Buenos Aires daily Perfil.