Economy

• Friday, December 17th 2021 - 11:56 UTC

  Uruguayan President completes mission in Qatar and faces a crisis in his coalition

  

  Uruguay's President Luis Lacalle Pou returned home from an official trip to Qatar in search of trade opportunities for his country. He reached an agreement regarding visas while air routes and direct investments are being studied.

• Friday, December 17th 2021 - 09:32 UTC

  China lifts ban on Brazilian beef, but UK and EU retailers will stop purchases because of deforestation

  

  Good and bad news for Brazil's beef exports. China finally lifted the ban on Brazilian beef and allowed the resumption of shipments to the great Asian market. But several of the main retailers in Britain and the European Union have announced the banning of Brazilian beef in their shelves because meat processors are using cattle linked to the Amazon and Pantanal deforestation.

• Thursday, December 16th 2021 - 09:43 UTC

  What is the Federal Reserve tapering; the end of rock bottom interest rates?

  

  By Edouard Wemy – Tapering refers to the Federal Reserve policy of unwinding the massive purchases of Treasury bonds and mortgage-backed securities it’s been making to shore up the economy during the pandemic.

• Thursday, December 16th 2021 - 09:41 UTC

  Fed faces inflation: taper concludes in March and three 0,25% rate hikes by end of 2022

  

  With US inflation reaching 6,8% in November, the highest in four decades, and following a two-day meeting, the Federal Reserve announced it was ending its asset purchase program earlier than expected anticipating several interest rate increases in 2022.

• Thursday, December 16th 2021 - 09:28 UTC

  FOMC Release, 15 December

  

  The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.

• Thursday, December 16th 2021 - 09:22 UTC

  Venezuelan exports grow 30% compared to 2020

  

  The president of the Venezuelan Association of Exporters (AVEX) Ramón Goyo Wednesday announced a 30% increase in sales abroad compared to 2020 figures, which has allowed producers to make up for a sharp decrease in domestic consumption.

• Thursday, December 16th 2021 - 09:17 UTC

  Venezuela, Belarus strengthen bilateral ties

  

  The Governments of Venezuela and Belarus agreed Wednesday to set up in Caracas the VIII High-Level Joint Committee between the two countries to foster trade agreements and bilateral ties, it was reported.

• Thursday, December 16th 2021 - 09:00 UTC

  World's largest sovereign fund screening companies for sustainability risk

  

  By Tsvetana Paraskova for Oilprice.com – The world's largest sovereign wealth fund, Norway's US$ 1.4 trillion Government Pension Fund Global (GPFG), is pre-screening companies for sustainability risk before deciding to invest in them and, within one decade, it has divested from 366 firms that it has assessed as lacking sustainable business models.

• Wednesday, December 15th 2021 - 20:43 UTC

  Argentina might raise interest rates to keep US dollar at bay

  

  Argentina's Central Bank (BCRA) is considering raising the interest rate, in accordance with a suggestion from the International Monetary Fund (IMF), it was reported Wednesday in Buenos Aires.

• Wednesday, December 15th 2021 - 09:55 UTC

  Argentina's November inflation “only” 2.5%

  

  Argentina's monthly inflation in November reached 2.5% for an accumulated 45.4% so far this year and 51.2% in the last twelve months, it was announced Tuesday in Buenos Aires by the National Institute of Statistics and Censuses (Indec).