Economy

Monday, May 30th 2022 - 09:09 UTC
Uruguayan pumps ask gov't not to rise price of fuel until next month

Gasoline retailers in Uruguay have asked the Government of President Luis Lacalle Pou to put on hold “for a few more days” the increase in the price of fuel reportedly to be announced shortly.
Saturday, May 28th 2022 - 10:15 UTC
FTA with China would not make Uruguay dependent, Lacalle tells BBC

Uruguayan President Luis Lacalle Pou said in an interview with the BBC that in case or reaching a Free Trade Agreement with China, it would not generate dependence, because in his country politics and economics were separate issues.
Saturday, May 28th 2022 - 10:10 UTC
Falklands' Government publishes Budget for 2022/23: “stability and continuity”

Stability and continuity are at the heart of the Falkland Islands Government Budget for 2022/23. The Budget recognizes these two themes are essential in the time of continued uncertainty stemming from the global COVID-19 pandemic and the work on global recovery.
Saturday, May 28th 2022 - 10:05 UTC
Buddies getting together not a Summit, LatAm leaders agree

Bolivian President Luis Arce Catacora said Friday in Havana that buddies getting together was hardly a Summit, in reference to the US Government's decision not to invite Venezuela, Nicaragua, and Cuba to the regional gathering of heads of state next month in Los Angeles.
Friday, May 27th 2022 - 09:04 UTC
Biden negotiating Argentina's presence at Summit of the Americas

US President Joseph Biden's envoy Christopher Dodd arrived in Buenos Aires to talk Alberto Fernández into attending next month's Summit of the Americas in Los Angeles, a gathering many leaders intend to boycott following the host's decision not to invite the non-democratically ruled Nicaragua, Cuba, and Venezuela.
Thursday, May 26th 2022 - 10:40 UTC
Brazil cuts down Mercosur external tariffs yet again

In a move to contain inflation ahead of this year's Oct. 2 elections, Brazil's Chamber of Foreign Trade decided to cut down the Mercosur Common External Tariff (TEC) by 10% on items such as beans, meat, pasta, cookies, rice, and construction materials, the Ministry of Economy announced.
Thursday, May 26th 2022 - 10:20 UTC
Scioli: Argentina and Brazil will guarantee food and energy for the region

Argentina's Ambassador Daniel Scioli Wednesday highlighted the integration process with Brazil and the current relationship between South America's two largest countries, which will “together guarantee food and energy for the region.”
Thursday, May 26th 2022 - 10:08 UTC
GSK to open distribution hub in Montevideo

Pharmaceutical giant GlaxoSmithKline (GSK) will open one of its “three new regional vaccine distribution centers” in Uruguay, it was announced during President Luis Lacalle Pou's trip to London.
Thursday, May 26th 2022 - 08:20 UTC
Chinese economy stalling: combating Covid-19 and keeping jobs more significant than GDP growth criteria

The Chinese economy is not working as smoothly as expected and is facing many challenges, admitted Premier Li Keqiang during a major conference on Wednesday.
Thursday, May 26th 2022 - 07:45 UTC
Brazil expects a slowdown of China trade, but will still enjoy a healthy surplus

Brazil expects a slower growth of exports this year as China implements strict lockdown measures to contain the spread of Covid-19. Nevertheless, China will help to boost Brazil's trade surplus points out Foreign Trade Indicator (Icomex) data, released by Getulio Vargas Foundation (FGV), the country's leading think tank..