Economy

• Monday, August 8th 2022 - 20:39 UTC

  Travel resumes to Easter Island, albeit under strict protocols

  

  Travel resumed to Easter Island last week after COVID-19 restrictions. Last weekend, the second regular flight was performed, thus reopening one of the most iconic tourist routes after sanitary measures halted all commercial airline services.

• Saturday, August 6th 2022 - 11:31 UTC

  World food commodity prices dropped significantly in July, FAO report

  

  The benchmark for world food commodity prices declined significantly in July, with major cereal and vegetable oil prices recording double-digit percentage declines, the Food and Agriculture Organization of the United Nations (FAO) has reported.

• Friday, August 5th 2022 - 09:07 UTC

  International reports cast doubts on Argentine peso's exchange rate

  

  Despite Superminister Sergio Massa's announcement that he would not moot for a devaluation of the Argentine peso, banking entities have issued separate reports raising doubts as to the newly-appointed official's strategy, with the spotlight on the exchange rate issue.

• Friday, August 5th 2022 - 08:47 UTC

  Brazil soybean exports down 8,87% in first half of 2022 compared to 2021

  

  Brazil shipped 55.1 million tons of soybeans in the first half of 2022, which is 8.87% less than in the same period of 2021 (60.5 million tons), according to the National Association of Cereal Exporters. (Anec).

• Thursday, August 4th 2022 - 22:43 UTC

  Uruguayan senator said that Argentina's crisis is “because it is full of Argentines” and caused a controversy

  

  The Senator for the left-wing coalition Frente Amplio (Broad Front), Daniel Caggiani, was interviewed by local Channel 12’s Desayunos Informales about the regional situation and the negotiation for an eventual Free Trade Agreement (FTA) between Uruguay and China, which has generated tensions between Mercosur partners.

• Thursday, August 4th 2022 - 10:01 UTC

  Brazil raises benchmark interest rate to 13,75%, and possibly more to come

  

  Brazil's central bank raised its benchmark interest rate 50 basis points to a record 13,75%, (the highest since January 2017), anticipating that the tightening cycle, may not be over given the stubborn high domestic inflation and “adverse and volatile” global situation.

• Thursday, August 4th 2022 - 09:59 UTC

  Massa sworn in as Argentina's new “Super” Economy Minister

  

  Former Lower House Speaker Sergio Massa has been sworn in Wednesday as Argentina's new Minister of Economy, Agriculture, and Production as the country seeks to regain some stability following the departure of Ministers Matías Kulfas and Martín Guzmán around a month ago.

• Wednesday, August 3rd 2022 - 21:32 UTC

  Colombia foresees stagnant coffee harvests in 2022

  

  Colombia's coffee production for the year 2022 will reach 12 million bags, weighing 60 kilos each, according to National Federation of Coffee Growers (FNC) Manager Roberto Velez.

• Wednesday, August 3rd 2022 - 08:50 UTC

  Brazilian industrial exports to neighboring South American countries booming

  

  As the global economy recovers from the Covid 19 pandemic and its contracting influence on production and trade, Brazil's commercial relations with South American neighboring countries soared by 64,7% last year, and is expected to do even better by the end of 2022. (7,3bn)

• Wednesday, August 3rd 2022 - 08:00 UTC

  Freight costs between Santos and Shanghai skyrocket 400% in two years

  

  Sea freight cost between Santos, Brazil and Shanghai, China have risen 400% in two years. The hike was one of the main consequences of the covid-19 pandemic on Brazilian logistics, according to a study by a task force of the National Waterway Transportation Agency (Antaq) released last week