Economy

• Tuesday, November 1st 2022 - 10:06 UTC

  Argentine wages trail inflation

  

  Salaries in Argentine rose 6.5% on average in August 2022, the National Institute of Statistics and Census (Indec) reported Monday. According to these figures, incomes were below the 7% inflation rate for the same month.

• Tuesday, November 1st 2022 - 10:00 UTC

  Argentine drought will force Brazil to purchase wheat in non-Mercosur suppliers

  

  Brazil will need alternative wheat sources because Argentina, its traditional supplier, is facing a serious crop insufficiency as a result of a serious drought that has curtailed production and compromised export volumes. Market analysts expect Brazil will thus have to look for supplies in potential providers such as the United States, Canada and even Russia.

• Tuesday, November 1st 2022 - 10:00 UTC

  Central banks and stubborn inflation, to Hike, Early to Thrive?

  

  By Andrés Velasco – Several central banks that began raising interests well before US and Euro-zone policymakers are still facing persistent inflation. But it was the right choice, because inflation was always likely to prove stubborn in today’s conditions, and waiting would have required even larger hikes later, with a heavier output cost.

• Tuesday, November 1st 2022 - 09:53 UTC

  Inflation forecast adjusted downward in Paraguay

  

  Paraguay's Central Bank lowered its inflation forecast for this year from 8.8% to 8.6%, it was reported Monday in Asunción. Meanwhile, Consumer Price Index (CPI) projections for 2023 remained unchanged from the BCP's previous outlook at 4.1%.

• Saturday, October 29th 2022 - 10:48 UTC

  Argentina clinches agreement with Paris Club

  

  Argentina's superminister Sergio Massa Friday announced a deal had been reached with the Paris Club for the repayment of Argentina's debt amounting to US$ 1.972 billion.

• Saturday, October 29th 2022 - 10:00 UTC

  Chile: Leading copper producer reports 10.4% drop in output

  

  Chile's state-owned copper producer Codelco reported Friday a 10.4 % decrease in output in the first three quarters of 2022.

• Saturday, October 29th 2022 - 09:30 UTC

  Further deflation reported in Brazil

  

  Brazil's General Price Index - Market (IGP-M) registered deflationary figures yet again in October this year (0.97%) after a 0.95% drop the month before, it was reported by Agencia Brasil.

• Friday, October 28th 2022 - 10:13 UTC

  Falklands approves package to support the community with the cost of living

  

  This week the Falkland Islands Executive Council, ExCo approved a paper which looks to support our community with the increased cost of living. The current programs which support those in need have been reviewed and targeted changes will be made to them. A new temporary scheme has also been developed to assist households with rising fuel and electricity prices.

• Thursday, October 27th 2022 - 10:16 UTC

  UK's Autumn's budget delay to Nov 17, leaves BoE on the dark as to interest rate increase next week

  

  Since British Chancellor of the Exchequer Jeremy Hunt pushed back this year's autumn statement (expected “mini budget”) --from Halloween to 17 November--. Bank of England who are meeting on 3 November have been left without guidance as to the government's tax and spending policies.

• Thursday, October 27th 2022 - 10:14 UTC

  Uruguay successfully issues US$ 1,5 billion “green linked bond,” with US$ 3,96 billon demand

  

  On Friday October 20, Uruguay issued its first sustainability-linked bonds (SLB), with a step-down mechanism that is activated if it reaches certain environmental targets. The purpose is to align the country’s sovereign debt policy with its climate goals by issuing a bond that links the coupon to compliance with the climate and environmental goals that the country set in its first Naturally Determined Contribution (NDC) to the Paris Agreement.