Economy

• Tuesday, July 5th 2022 - 09:48 UTC

  Final and total privatization of South America's largest port, Santos, scheduled for next December

  

  The privatization of South America's largest port terminal complex, Santos in Brazil is advancing although slowly, but progressing. Infrastructure minister Marcelo Sampaio said that the required studies and legal papers for the privatization should be arriving at the Federal Court of Accounts no later than July 30th.

• Tuesday, July 5th 2022 - 09:21 UTC

  Brazil launches US$ 65bn 'handouts' for the 2022/23 farming year

  

  The Brazilian federal government launched last week the 2022/2023 agribusiness financing plan (Plano Safra), which will provide a total of Reais 340.8 billion (some US$ 65 billion) in credit to support the agri-business industry during the next twelve months.

• Monday, July 4th 2022 - 22:09 UTC

  Argentina's new Economy Minister sworn in

  

  Argentina's newly-appointed Economy Minister, Silvina Batakis, made a brief statement to the press minutes after taking her oath of office, during which she vowed to stay on the present course of action left behind by her predecessor Martín Guzmán, who resigned Saturday.

• Monday, July 4th 2022 - 20:43 UTC

  No more foreign players for Argentine football clubs due to US dollar crisis

  

  Argentina's current economic crisis is taking its toll on football. Transactions involving foreign players who were about to be hired by local clubs have been put on hold after local clubs have been rendered unable to have access to the amount of US dollars needed for the deal to go through.

• Monday, July 4th 2022 - 10:43 UTC

  Alberto Fernández picks Silvina Batakis as new Economy Minister

  

  Argentine President Alberto Fernández chose Silvina Batakis as the new Economy Minister following the resignation of Martín Guzmán during the weekend, a move which has prompted a rise in the informal exchange rate between the local peso and the US dollar, thus fueling already seemingly unstoppable inflation.

• Sunday, July 3rd 2022 - 14:26 UTC

  Argentine Economy Minister resigns, President's fate at stake

  

  Martín Guzmán has turned in his resignation Saturday as Economy Minister of Argentina, dealing with what many regards as a coup de grace to the administration of President Alberto Fernández, amid rampant inflation and growing popular discontent following additional restrictive measures regarding imports and the purchase of hard currency (namely US dollars) for transactions abroad, where the local peso carries no weight.

• Saturday, July 2nd 2022 - 10:09 UTC

  Chile's gov't aims to tax the wealthiest and the mining companies

  

  The administration of Chilean President Gabriel Boric Font Friday moved on with its initiative to introduce a revolutionary tax reform, which targets the wealthiest 3% of the population and the large copper mining companies.

• Friday, July 1st 2022 - 22:45 UTC

  Lacalle arrives in Colombia to meet Duque but not Petro

  

  Uruguay's President Luis Lacalle Pou landed late Thursday local time at Bogotá's Eldorado international airport, where he was welcomed by Deputy Foreign Minister Francisco Echeverri.

• Friday, July 1st 2022 - 10:35 UTC

  Argentina insists Malvinas negotiations with UK are essential if bilateral relations are to advance

  

  On a few occasions and at such level, has Argentina had the opportunity to say that if the relation between Argentina and UK is to increase, first we must address the Falklands/Malvinas question, otherwise “that relation will not advance”.

• Friday, July 1st 2022 - 09:53 UTC

  Ecuadorian gov't and indigenist protesters reach agreement to lift strike

  

  The Ecuadorian administration of President Guillermo Lasso and indigenist demonstrators have agreed to lift the current series of protests following a cut in the price of fuel, it was reported in Quito.