Economy

• Monday, March 21st 2022 - 09:43 UTC

  Petropar lowers price of fuel at pumps effective March 21

  

  The price of fuel at pumps in Paraguay will be reduced as of Monday, the state-run company Petropar has announced.

• Saturday, March 19th 2022 - 10:07 UTC

  Uruguay seeks to exonerate VAT on popular meat cut, announced Lacalle Pou

  

  Uruguayan President Luis Lacalle Pou said on Friday that the Executive Branch will send to the Legislative a bill to exonerate VAT on asado de tira, a popular meat cut, as the Ukraine war takes its toll on the cost of food worldwide.

• Saturday, March 19th 2022 - 09:40 UTC

  Argentine President announces measures to curb inflation

  

  Argentine President Alberto Fernández Friday announced through a recorded message from the Olivos Residence the creation of a “stabilization fund.” The head of state's words came on the day he had promised the fight against inflation would begin.

• Friday, March 18th 2022 - 20:35 UTC

  Truckers relax measures but remain on strike over fuel price in Paraguay

  

  Paraguayan lorry drivers have vowed to ease down their road-blocking measures after they were promised a reduction in the price of fuel.

• Friday, March 18th 2022 - 09:55 UTC

  Argentine Senate gives thumbs up to IMF deal

  

  Argentina's Senate Thursday approved the agreement with the International Monetary Fund (IMF) to repay the US$ 45 billion borrowed under the administration of former President Mauricio Macri in 2018.

• Thursday, March 17th 2022 - 20:56 UTC

  Uruguayan fruit company in the red has new owners

  

  The international produce company Frutura has bought over the Uruguay-based Citrícola Salteña, a leading global supplier and marketer of high-quality citrus and juice.

• Thursday, March 17th 2022 - 20:55 UTC

  Paraguayan truckers to lift protests if stabilization fund bill is approved

  

  A group of union leaders representing Paraguyay's lorry drivers Thursday announced they would lift the road blockades if the Senate passes the bill to create a fuel price stabilization fund.

• Thursday, March 17th 2022 - 10:06 UTC

  Fed raises interest rate, first time since 2018, and anticipates six/seven more increases this year

  

  The Federal Reserve announced on Wednesday it raised its target for short-term interest rates a quarter-percentage point to 0,50% and anticipated six/seven more rate increase for the rest of 2022, as the US faces the highest inflation in four decades.

• Thursday, March 17th 2022 - 09:36 UTC

  Those who disregard Argentina's market will be banned from exporting beef

  

  Argentina's Agriculture and Livestock Minister Julián Domínguez has warned beef exporters that those who fail to supply the local market in accordance with the Government's plan will be banned from selling their products abroad.

• Wednesday, March 16th 2022 - 22:55 UTC

  Brazil's Central Bank raises interest rate to 11.75%, highest since 2017

  

  Brazil's central bank (BCB) on Wednesday raised its benchmark interest rate by 1 percentage point to 11.75%, a high in nearly five years, in a bid to curb inflation that “continued to surprise” amid pressures exacerbated by the war in Ukraine. Last time with such a high inflation was last April, 2017.