Economy

• Friday, March 11th 2022 - 08:41 UTC

  Petrobras increases price of fuel for distributors after 57 days

  

  Brazil's Petrobras has increased the price of refined gasoline and diesel for distributors as of March 11. The average price has gone up to R$3.86 (US$ 0.77) for regular fuel and R$4.51 (US$ 0.9) for diesel.

• Thursday, March 10th 2022 - 19:55 UTC

  Argentina less expensive than Uruguay, study shows

  

  According to a study by the Catholic University of Uruguay (UCU), that measured prices in Salto, Uruguay, and Concordia, Argentina, the former turned out to be 130.3% more expensive than the latter, it was reported.

• Thursday, March 10th 2022 - 19:51 UTC

  February inflation in Chile moderates but still high; beware of consequences of the Russia/Ukraine war

  

  Inflation in Chile during February climbed 0,3%, well below market expectations, but still 7,8% in the last twelve months, the highest recorded since November 2008. The release was done by the country's stats institute, INE, and was indeed a positive announcement given the private estimates (0,6% and 0,7%) and the fact that inflation was effectively surging, 1,2% in January.

• Thursday, March 10th 2022 - 09:55 UTC

  Dominican President signs bilateral deals with Argentina in Buenos Aires

  

  Argentine President Alberto Fernández and his Dominican Republic counterpart Luis Abinader Corona Wednesday signed a series of joint agreements during a meeting in Buenos Aires at Casa Rosada.

• Wednesday, March 9th 2022 - 21:10 UTC

  Argentina's monthly inflation above that of Venezuela in 2022

  

  Argentina's consumer price index (CPI) for the month of February of 2022 is expected to be around 3.9%, while Venezuela's would be below half that much, at 1.7%, it was reported.

• Wednesday, March 9th 2022 - 09:56 UTC

  Severe drought impacts on Argentine corn and soybean crop estimates

  

  Argentina’s corn 2021/22 crop has now been estimated at less than the 48 million tons of just a few weeks ago, according to the Rosario grains exchange, because a severe drought has slashed yields. Likewise with soybeans first estimate of 40,5 million tons.

• Tuesday, March 8th 2022 - 09:55 UTC

  “Nobody is happy with the IMF understanding, we all despise the Fund,” Argentine president

  

  Argentine president Alberto Fernandez admitted “nobody is happy” with the latest understanding reached with the International Monetary Fund, but under no circumstances does it condition the Argentine government economic policy, finally confessing he “despises” the IMF.

• Tuesday, March 8th 2022 - 09:46 UTC

  Ukraine/Russian conflict will have a severe impact on the global economy, anticipates IMF

  

  The International Monetary Fund (IMF) Executive Board addressed the economic impact of the war in Ukraine, price shocks of energy and commodity prices, and on possible fast-tracked financial assistance for affected countries since a severe impact on the global economy can be expected.

• Tuesday, March 8th 2022 - 09:36 UTC

  Brazilian economy expanded 4,6% in 2021, despite a 0,2% contraction of agriculture

  

  Contrary to foreign forecasts from multilateral organizations forecasts, Brazil’s Gross Domestic Product (GDP) ended 2021 with a 4.6% growth, totaling 8.7 trillion (about US$ 1,7 trillion at the current rate). The country managed to recover from the slowdown of 2020 when the Brazilian economy shrank 3.9% because of the pandemic.

• Tuesday, March 8th 2022 - 09:15 UTC

  Peru, UK further coordinate cooperation work

  

  Peru's Economy Minister Oscar Graham and British Ambassador to Lima Kate Harrisson Monday held a meeting to coordinate the upcoming mutual projects, such as Reconstruction with Change and Bicentennial Schools, it was reported.