Economy

• Thursday, December 9th 2021 - 09:57 UTC

  No face-to-face Mercosur Summit, Bolsonaro decides

  

  Brazilian President Jair Bolsonaro Wednesday decided that the upcoming Mercosur Summit, scheduled for Dec. 16 and 17, which was to be the first in a long while under the old face-to-face format, has been reshaped to be held virtually like most recent ones.

• Wednesday, December 8th 2021 - 22:26 UTC

  Argentina shows marginal decrease in people below poverty lines

  

  Argentina's Catholic University (UCA) has released a study showing there were over 18.4 million poor people in the country, which would account for 43.8% of the population.

• Wednesday, December 8th 2021 - 09:44 UTC

  Chile's inflation: the highest since December 2008; Central Bank expected to further raise basic rate

  

  Chile's Consumer Price Index, CPI, in November climbed 0,5%, in line with market expectations, according to a report from the Stats Office, INE, In the eleven months of the year the IPC reached 6,3% and 6,7% in the last twelve months, which is the highest since December 2008 (7,1%), and far above the Central Bank's target of 3%.

• Wednesday, December 8th 2021 - 09:12 UTC

  Inflation once again brings on increase in poverty throghout Paraguay

  

  Analysts foresee official data for the year 2021 will show an increase in poverty for the second straight year in Paraguay and will reach almost 30% due mainly to increasing inflation, analysts said Tuesday.

• Tuesday, December 7th 2021 - 15:21 UTC

  With mind set in self sufficiency, China announces new record grain production in 2021

  

  In 2021, China's total grain production reached 1.37 trillion jin (685 billion kg), hitting a new record high, data from the National Bureau of Statistics (NBS) showed on Monday. A Jin is equivalent to 500 grams or half a kilo.

• Monday, December 6th 2021 - 21:18 UTC

  Argentina banks on the bright side of Brexit

  

  According to the Buenos Aires daily El Cronista, Argentina has largely benefitted from the United Kingdom's departure from the European Union, as more products from the South American country were in demand.

• Saturday, December 4th 2021 - 09:55 UTC

  Labour strife in port of Montevideo; increasing export volumes shipped from Rio Grande in Brazil

  

  Recurrent labour strife in the port of Montevideo is not only frustrating but is also seriously limiting activities, and only this week did the Union of Uruguayan exporters make public a release regretting the fact that several vessels abandoned the port given what is known as pearled stoppages.

• Saturday, December 4th 2021 - 09:31 UTC

  Argentina pays Paraguay part of the US $ 45 million of overdue Yacyretá energy

  

  Argentina Friday paid Paraguay US $ 19 million for overdue Yacyretá energy, Nicanor Duarte Frutos, head of Paraguay's side within Yacyretá's Binational Entity (EBY) announced.

• Saturday, December 4th 2021 - 09:21 UTC

  Uruguay is ending what is a promising year despite the pandemic and some long standing challenges

  

  Despite the pandemic, with its limitations and successes, Uruguay is ending what looks, according to the latest reports on jobs, exports, bond issuing and even inflation, like a positive year.

• Saturday, December 4th 2021 - 09:10 UTC

  Inflation beats the Fed: the word “transitory” eliminated from forecasts

  

  Federal Reserve policymakers finally acknowledge the increasing risk of more persistent inflation in months ahead and thus the word “transitory” has been eliminated from the inflation forecasts.