Economy

Friday, December 3rd 2021 - 18:42 UTC
Savers withdraw US $ 400 million from Argentine accounts amid fears

Argentine savers have withdrawn more than US $ 400 million from their bank accounts this week amid growing rumours that the Central Bank (BCRA) was considering a new “corralito”, like the one implemented exactly 20 years ago in the days leading up to the resignation of President Fernando de la Rúa.
Thursday, December 2nd 2021 - 09:55 UTC
Guedes insists in privatizing Petrobras, since the world is heading for “a green and digital economy”

Brazilian economy minister Paulo Guedes underlined on Wednesday that the announced privatization plan of the government (some 100 companies) must include oil giant Petrobras because the “future is green” and in not so many years time the value of crude will be zero.
Thursday, December 2nd 2021 - 09:40 UTC
Fernandez and Bolsonaro seal close relations in the Day of Argentine/Brazilian Friendship

In anticipation of the coming Mercosur presidential summit, 16/17 December when Argentina will hand the rotating chair of the group to Brazil, and celebrate the 36th anniversary of the signing of the Foz de Iguazu Declaration, which set the foundations for Mercosur, big reception for some 300 guests was held at the Argentine embassy in Brasilia.
Thursday, December 2nd 2021 - 09:05 UTC
Argentina and China strengthen cooperation on several issues

The governments of Argentina and China Wednesday agreed to strengthen bilateral ties, particularly in science and technological developments, it was reported.
Wednesday, December 1st 2021 - 09:46 UTC
Famine takes a grip of Latin America and the Caribbean

A United Nations official from the Food and Agriculture Organization (FAO) Tuesday announced famine in Latin America and the Caribbean had increased at a higher rate compared to other regions in the world during the COVID-19 pandemic.
Wednesday, December 1st 2021 - 09:26 UTC
“Chile Day” in UK, British ministers and president Piñera will be attending

Wednesday and Thursday, December first and second, are “Chile Day” in UK, Corporation CEOs, investors, financial institutions, politicians, officials, country experts, diplomats, journalists get together for an annual two-day event with the purpose of promoting the Chilean brand, business opportunities, tourism and export goods.
Wednesday, December 1st 2021 - 08:56 UTC
US Fed chairman warns inflation will stay around longer than expected

Jerome Powell, chairman of the US Federal Reserve, the Republican who has just been entrusted by President Joseph Biden for another term in office, Tuesday told Congress inflation might be here to stay a while longer, in the face of the Omicron C19 variant.
Monday, November 29th 2021 - 19:18 UTC
LATAM Airlines plunges at Santiago stock exchange

Latam Airlines stock plunges over 80% at the Santiago market after a reshaping plan was announced, one which evaporated the value of current shares. The proposal is yet to be voted on by creditors between January and February 2022.
Monday, November 29th 2021 - 09:35 UTC
Argentines withdrew a record US$ 137 million during October

Uncertainty and lack of confidence in Argentine politics is not only reflected with ballots in the polls. In effect despite all the limitations and clamps to the purchase of US dollars, limited to 200 per individual, per month and with a bank account, during October some 762,000 Argentines purchased US$ 137 million.
Monday, November 29th 2021 - 09:25 UTC
Chile planning an optical fiber cable from Puerto Williams to Antarctica

The regional government of Magallanes extreme south of Chile signed an agreement with the Telecommunications ministry and Country Development Secretariat to study the feasibility of an optical fiber from the region to the Antarctic peninsula.