Economy

• Wednesday, November 9th 2022 - 22:00 UTC

  Car sales in Brazil affected by pro-Bolsonaro demonstrations

  

  Brazil's National Association of Motor Vehicle Manufacturers (Anfavea) has reported this week that sales of brand-new cars fell in the past few days as demonstrators took to the streets in several cities nationwide claiming that incumbent President Jair Boolsonaro had defeated Luiz Inácio Lula Da Silva in the Oct. 30 runoffs, thus contradicting the announcement by the Superior Electoral Court (TSE).

• Tuesday, November 8th 2022 - 09:28 UTC

  Argentina to create yet another dollar exchange rate

  

  Argentina's Superminister of Economy, Industry, and Agriculture Sergio Massa Monday announced the creation of yet a new parity between the local currency and the US dollar to be applied to regional economies.

• Monday, November 7th 2022 - 09:30 UTC

  Uruguayan beef makes successful presentation in Shanghai

  

  An Uruguayan team has successfully persuaded would-be buyers at the 5th China International Import Expo (CIIE) in Shanghai of the benefits of a healthy diet containing beef from the South American country.

• Saturday, November 5th 2022 - 10:42 UTC

  Agreement between Argentina, U.S. on undeclared deposits ready to be signed

  

  Argentina's “Superminister” of Economy, Industry, and Agriculture Sergio Massa is counting on an agreement to be signed with the United States shortly to detect undeclared bank accounts abroad which would allow holders to evade taxes.

• Saturday, November 5th 2022 - 10:37 UTC

  Mercosur meatpackers concerned over weaker demand from the Chinese market

  

  Brazilian meatpackers, large and small, have seen a drop in exports during October, which have been considerably slower than during the month of September. Shipments dropped some 43,000 tons, particularly to China, which has caused certain unrest, because the Asian giant has long become Brazil's (and Mercosur) main export market.

• Saturday, November 5th 2022 - 10:20 UTC

  Despite “exceptional” profits, Maersk warns of “dark clouds in the horizon”

  

  Maersk, one of the world’s largest container shipping firms, on Wednesday posted a record profit for the third quarter on the back of high ocean freight rates but also cautioned about a slowdown in demand.

• Saturday, November 5th 2022 - 09:48 UTC

  Ex BoE governor blames much of UK's economic challenges on Brexit

  

  Former Bank of England governor, Mark Carney said that the fall in the pound and shrinking economy after the UK left the European Union, Brexit, had added to “inflationary pressure”.

• Friday, November 4th 2022 - 18:50 UTC

  Lula intent in amending the Mercosur/EU trade agreement: EU pleased with its current wording

  

  The first clash of the Brazilian president-elect with the European Union occurred, given Luiz Inácio Lula da Silva's anticipated intention to introduce modifications to the Mercosur/EU trade agreement, discussed for two decades.

• Friday, November 4th 2022 - 10:32 UTC

  Boric launches bill to change Chile's pension system

  

  Chilean President Gabriel Boric Font has submitted before Congress a bill to end the pension fund administrators system created under dictator Augusto Pinochet.

• Friday, November 4th 2022 - 10:22 UTC

  Venezuela announces return to Andean Community of Nations

  

  Venezuelan President Nicolás Maduro Thursday announced his administration's plan to rejoin the Andean Community of Nations (CAN), a subject he had discussed earlier this week with his Colombian colleague Gustavo Petro.