Economy

• Thursday, August 25th 2022 - 09:53 UTC

  Employment grows in Uruguay after pandemic lull

  

  Uruguay's National Statistics Institute (INE) has published its latest measurement according to which the employment rate stood at 56.8% in July of 2022, one-tenth higher than the previous month.

• Wednesday, August 24th 2022 - 10:14 UTC

  Venezuelan civil servants march against salary-deteriorating instructions

  

  Retired and active Venezuelan civil servants marched Tuesday through the streets of Caracas to protest against the Government's policies that “are starving us to death.” They were greeted by pickets and blockades by the Bolivarian National Police (PNB) and the Bolivarian National Guard (GNB).

• Wednesday, August 24th 2022 - 09:54 UTC

  Ukraine grain exports still face obstacles and many farmers, fearful of the situation, will not sow winter crops

  

  Ukraine’s grain exports have slumped significantly since Russia invaded the country and closed off its Black Sea ports, pushing up global food prices and prompting fears of shortages in Africa and the Middle East.

• Wednesday, August 24th 2022 - 09:40 UTC

  Latin America's economy reported to be slowing down

  

  Latin America's Gross Domestic Product (GDP) has been reported to be slowing down, with a 2.7% expansion projected for the end of 2022, according to an Economic Commission for Latin America and the Caribbean (ECLAC) report released in Santiago on Tuesday.

• Wednesday, August 24th 2022 - 09:31 UTC

  Inflation in Argentina hits working-class neighborhoods harder

  

  According to a report by the Institute of Social, and Economic Research (Isepci) released Tuesday, inflation in suburban Buenos Aires where most working-class people reside, reached 11% in July, which is tantamount to saying it was 5 percentage points above the country's 6% average as per National Institute of Statistics and Census (Indec) figures.

• Tuesday, August 23rd 2022 - 10:10 UTC

  Brazil consolidates as China's main supplier of agriculture produce

  

  A new agreement to facilitate exports from the Brazilian agribusiness sector to China has been described by market experts in Sao Paulo as crucial to inaugurating the “biggest era of market openness in the last ten years” between the two countries.

• Tuesday, August 23rd 2022 - 10:06 UTC

  Paraguay's exports in seven months reached US$ 5,8bn; Mercosur represents 63%

  

  In the first seven months of this year, Paraguayan exports totaled US$ 5,8 billion and involved 136 countries. Data from the country’s Ministry of Finance show Brazil (36%) and Argentina (24.9%) as the main buyers, which added to Uruguay, Mercosur represents 63.1% of foreign sales.

• Tuesday, August 23rd 2022 - 10:01 UTC

  Home buyers rebellion in China: protestors in 100 cities refuse to pay mortgages on undelivered homes

  

  China is again facing a challenging real estate situation, with homeowners in different provinces refusing to pay mortgages on their undelivered, unfinished flats. This is happening only two months ahead of the Chinese communist party congress when comrade Xi Jinping is expected to confirm a third five-year term, following on the constitutional change of 2018 that scrapped presidential term limits.

• Tuesday, August 23rd 2022 - 09:27 UTC

  Yet another month of trade deficit for Argentina

  

  Argentina's trade balance came out in the red in July of 2022 after yielding a US$ 437 million deficit, the National Institute of Statistics and Census (Indec) showed Monday in a report.

• Monday, August 22nd 2022 - 17:32 UTC

  Fuel goes up at pumps in Argentina, but below inflation

  

  Argentina's state-run oil company increased the price of fuel at pumps by 7.5% on average Sunday but it remained well below figures in neighboring cities abroad. The accumulated devaluation since the last naphtha adjustment is 16%.