Economy

Thursday, May 12th 2022 - 09:52 UTC
UK signs defense deals with Sweden and Finland, ahead of the two countries decision on joining NATO

UK Prime Minister Boris Johnson on Wednesday signed defense deals with Sweden and Finland committing UK aid, including military support, in the event of an attack. Johnson made the pledge during a brief tour to the two Nordic nations, where he met first Swedish Prime Minister Magdalena Andersson at her official countryside residence; then Finnish President Sauli Niinistö in Helsinki.
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Thursday, May 12th 2022 - 09:14 UTC
US inflation still strong, but can be expected to ease in second half of the year, analysts agree

Inflation in the United States seems to have started to taper off, as the rapid cost of goods and services did not change much in April compared to March. Consumer prices rose by 0.3% in April after having risen by 1.2% in March, according to data the Bureau of Labor Statistics released on Wednesday.
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Wednesday, May 11th 2022 - 20:36 UTC
US Ambassador compliments Argentine gov't

The United States Ambassador to Buenos Aires was full of praise for Economy Minister Martín Guzmán's handling of the recent deal between Argentina and the International Monetary Fund (IMF), saying “the work he did was impressive.”
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Wednesday, May 11th 2022 - 09:44 UTC
Argentina takes active steps to boost exports to Brazil

Argentina's Ambassador to Brazil Daniel Scioli has embarked on a trade mission seeking to expand the number of products to be exported to that country. For that purpose, over 600 business meetings are to take place, according to Buenos Aires' daily Ámbito.
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Wednesday, May 11th 2022 - 09:14 UTC
FIH 12-month results to April will “significantly exceed” expectations; FIC less affected by pandemic

Financial and stock exchange media in London reported that the Falkland Islands and Britain-focused specialist services provider FIH, said in an update on Tuesday that trading activity was “heading back” to pre-pandemic levels, with its first-half progress continuing in the historically-stronger second half of the year.
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Tuesday, May 10th 2022 - 10:45 UTC
More inflation in the pipeline for Argentina: estimates of 65,1% for 2022

The weekly survey of market expectations, REM, from the Central Bank anticipates a worsening of the inflation situation in Argentina, which once the April index is officially made public this week could represent 65% for the twelve months of 2022.
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Saturday, May 7th 2022 - 10:45 UTC
Venezuela's inflation for April 2022 stands at 4.4%

Venezuela's Central Bank Friday reported April's inflation had reached 4.4% in April, according to the National Statistics Institute (INE). The new figures were significantly higher than the National Consumer Price Index (INPC) recorded in March but still notoriously better than 24.% from April 2021.
Saturday, May 7th 2022 - 10:44 UTC
Booming beef industry and exports for Brazilian company

One of the largest beef companies in the world with operations in several continents presented its financial results for the first quarter of 2022. Brazil's Marfrig net revenue was 22.3 billion reais, up 29.6% year-on-year. Adjusted Ebitda reached 2.7 billion reais in 1Q22, up 60.9%, and the adjusted Ebitda margin was 12.3%.
Saturday, May 7th 2022 - 10:27 UTC
Bolsonaro makes trip to Guyana to expand business opportunities

Brazilian President Jair Bolsonaro and his Guyana counterpart Mohamed Irfaan Ali signed a series of cooperation agreements on mutual legal assistance in civil and criminal matters in Georgetown.
Saturday, May 7th 2022 - 09:51 UTC
Hungary, Slovakia, Czech Republic exempt from joining EU embargo on Russian oil imports

The European Union is set to give some member states heavily dependent on Russian oil – such as Hungary and Slovakia – time until the end of 2024 to comply with the proposed embargo on oil imports from Russia, as the bloc is looking to keep a united front against Putin and his invasion of Ukraine, reported Bloomberg on Friday.