Economy

• Tuesday, November 29th 2022 - 09:59 UTC

  Exports of Chilean fruit hindered by truckers' strike

  

  A week-long general strike by Chilean lorry drivers is beginning to affect the country's foreign trade as goods fail to reach their ports of shipment. The fruit guild reported Monday that some 30 million kilos of exportable cherries had remained ashore due to the measure.

• Monday, November 28th 2022 - 21:49 UTC

  Caps on fuel prices announced to curb Argentina's inflation

  

  Argentina's Superminister of Economy, Industry and Agriculture Sergio Massa reached an agreement with oil companies whereby fuel joins the list of care-for prices. Hence, the price at pumps may not go up above a 4% monthly ceiling until March, it was announced in Buenos Aires.

• Monday, November 28th 2022 - 10:59 UTC

  Argentine producers want unreined dollars, not “traps”

  

  Argentine rural producers have voiced their rejection of Super Economy Minister Sergio Massa's proposal to create a reload version of the soybean dollar and insisted on the need to leave currency exchange free.

• Monday, November 28th 2022 - 10:24 UTC

  Loan to Argentina to strengthen marine resources sustainability and agricultural health

  

  Argentina is receiving a US$ 125 million loan from the Inter-American Development Bank to help Argentina strengthen its agricultural health services and enhance the sustainability of its marine resources.

• Saturday, November 26th 2022 - 21:31 UTC

  Poverty in Latin America affects 32% of the total population; 28% don't study or have paid jobs, ECLAC report

  

  In Latin America and the Caribbean some 200 million people live in poverty, with 82 million in extreme poverty, points out a report from the UN Economic Commission for the region, ECLAC. The numbers are equivalent to 32,1% and 13,1% of the total population and need to be urgently addressed to avert the risk of a lost generation.

• Saturday, November 26th 2022 - 09:48 UTC

  Unions halt import of Argentine-brewed beer into Uruguay

  

  Unions have saved Uruguayan brewery workers from calamity after their actions prevailed in stopping FNC from importing domestic brands from Argentina, where production costs around half as much due to the currency exchange scenario.

• Friday, November 25th 2022 - 08:31 UTC

  IMF unveils guidelines for Paraguay to unblock foreign financing

  

  The Executive Board of the International Monetary Fund (IMF) has approved this week a technical two-year support program for Paraguay regarding macroeconomic policies.

• Thursday, November 24th 2022 - 13:10 UTC

  Brazilian agriculture record sales; China main client, soy and beef leading exports

  

  Brazilian agribusiness exports reached a record of US$ 136.10 billion in the first ten months of 2022, which represents a 33.0% increase in value over the same period in 2021, according to the country's official foreign trade office. China remained as the leading destination for Brazilian commodities, purchasing US$ 45.28 billion, equivalent to 33.3% of total exports Brazilian agriculture.

• Wednesday, November 23rd 2022 - 10:20 UTC

  Argentine exports hit historic highs in October

  

  Argentina's Foreign Ministry Tuesday announced that the country's exports had amounted to US$ 7.901 billion in October, thus reaching new historic highs for this month.

• Wednesday, November 23rd 2022 - 08:53 UTC

  DBRS ups Uruguay's credit rating

  

  Canadian rating agency DBRS Morningstar upgraded Uruguay's foreign currency sovereign debt score from BBB Low to BBB as a result of Montevideo's “substantial improvement” in the country's fiscal outlook, it was reported Tuesday.