Economy

• Monday, July 11th 2022 - 10:17 UTC

  Argentine authorities ready to launch batch of economic measures

  

  Argentine President Alberto Fernández and newly-appointed Economy Minister Silvina Batakis reviewed over the weekend a series of measures to be launched shortly in a move to curb inflation and strengthen the Treasury's coffers.

• Saturday, July 9th 2022 - 10:15 UTC

  Contradicting messages from Batakis herald split devaluation

  

  Argentine Economy Minister Silvina Batakis has been reported Friday to be evaluating several possible scenarios, all of which involve some forms of devaluation of the local peso.

• Saturday, July 9th 2022 - 10:03 UTC

  Uruguay Central Bank raised interest rate policy 50 basis point to 9,75%

  

  Uruguay's Central Bank of Uruguay this week ordered a 50 basis point increase in the interest rate policy, the eighth straight increase since last August. The move, which brings the monetary policy rate to 9.75%, means the central bank has ordered 525bp of increases in total over the past 11 months. The 50bp hike was somewhat smaller than the four previous hikes, which included April’s 125bp increase and three 75bp hikes.

• Saturday, July 9th 2022 - 09:52 UTC

  Biden signs executive order to lessen effects of Roe overturning on abortion

  

  US President Joseph Biden Friday issued an Executive Order which would mitigate the effects of the recent overturning by the US Supreme Court of the 1973 Roe v Wade ruling which had cleared the way for abortions nationwide.

• Saturday, July 9th 2022 - 09:30 UTC

  Brazil grains crop estimate, 272.5 million tons helped by corn and wheat despite a slide in soybeans

  

  Given more optimistic prospects for the supply of corn and wheat, Brazil's National Supply Company, Conab, increased, slightly, the estimate for the 2021/22 market year grain harvest. Overall this has meant that Brazil is expected to have a crop of 272.5 million tons of grains in the current season, 6.7% greater than the previous season.

• Saturday, July 9th 2022 - 09:06 UTC

  Food-commodity prices in June remain 23,1% higher than a year ago, FAO report

  

  The barometer for world food commodity prices declined slightly in June for the third consecutive month, the Food and Agriculture Organization of the United Nations (FAO) reported on Friday

• Friday, July 8th 2022 - 08:28 UTC

  Batakis: Dollars needed from agriculture and from not vacationing abroad

  

  Argentina's newly-appointed Economy Minister Silvina Batakis Wednesday insisted the country needed a more efficient agricultural productivity and the ensuing liquidation of assets through the official currency exchange scheme to add to the Treasury's coffers.

• Thursday, July 7th 2022 - 10:00 UTC

  “Falklands offers a different lifestyle, but if you love it, you tend to really love it,” MLA Leona Roberts

  

  “The Falklands Islands are a funny place, it's not for everybody, it's quite a different lifestyle, but if you love it, you tend to really love it. People who come to the Falklands and make the Islands their home generally stay,” MLA Leona Roberts told the Spanish news agency EFE, in an interview at the Falklands House in London.

• Thursday, July 7th 2022 - 09:30 UTC

  Brazilian beef exports booming with an even brighter second half expected

  

  Brazilian exports of beef during the second half of the year should keep their bullish pace anticipates a report from Netherlands Rabobank, given the strong demand from China, United States, Egypt and the United Arab Emirates, reflected in an estimated 10% tonnage increase over 2021.

• Tuesday, July 5th 2022 - 20:16 UTC

  IMF vows to keep working alongside Argentina

  

  The International Monetary Fund (IMF) has insisted on the need to keep working together with Argentina following the resignation of Martín Guzmán as Economy Minister and the subsequent appointment of Silvina Batakis.