Economy

Tuesday, April 21st 2026 - 13:41 UTC
Milei trapped between inflation and growth: admits “not everyone is better off” but vows no course change

Argentine President Javier Milei acknowledged for the first time that “not everyone is better off” under his government, but ruled out modifying his economic plan despite inflation that has accelerated for ten consecutive months, falling real wages and record household delinquency. “The chainsaw won't stop. We will tie ourselves to the ship's mast — we will not listen to the siren songs,” he said at the American Chamber of Commerce (AmCham) summit.
Friday, April 17th 2026 - 21:42 UTC
Iran declares Hormuz “fully open” until ceasefire ends; Trump insists on keeping Iranian port blockade

Iran announced on Friday that the Strait of Hormuz will remain “fully open” to merchant shipping until the ceasefire with the United States expires next Wednesday. The decision, linked to the start of the 10-day truce between Israel and Lebanon announced by Trump on Thursday, triggered an immediate drop in oil prices of nearly 10% and strong relief across global markets.
Wednesday, April 15th 2026 - 22:12 UTC
Trump says he will fire Powell if he stays past May as Senate stalls successor's confirmation

US President Donald Trump on Wednesday threatened to fire Federal Reserve Chair Jerome Powell if he does not leave when his term expires on May 15. “Well then, I'll have to fire him,” Trump said in an interview on Fox Business. “I've held back firing him. I've wanted to fire him, but I hate to be controversial. I want to be uncontroversial, but he will be fired.”
Wednesday, April 15th 2026 - 22:10 UTC
IMF approves second review of Argentina program, unlocking US$1 billion disbursement

The International Monetary Fund on Wednesday reached a staff-level agreement with Argentina on the second review of the country's extended fund facility, clearing the way for a disbursement of approximately $1 billion pending approval by the Fund's executive board. With this tranche, Argentina will have received roughly $15 billion of the $20 billion agreed in April 2025, Reuters reported.
Wednesday, April 15th 2026 - 10:23 UTC
Milei blames opposition and Iran war for 3.4% inflation and calls for patience

Argentine President Javier Milei devoted his speech on Tuesday at the American Chamber of Commerce (AmCham) summit to addressing the March inflation figure released hours earlier by statistics agency INDEC: a monthly 3.4%, the highest reading in a year and the tenth consecutive month of acceleration since the 1.5% recorded in May 2025.
Wednesday, April 15th 2026 - 10:20 UTC
Uruguay bets on international integration to attract investment amid global uncertainty

Uruguay's government responded on Tuesday to the International Monetary Fund's latest projections with a strategy centered on trade openness and investment attraction. Deputy Economy and Finance Minister Martín Vallcorba acknowledged the world is going through “a moment of great uncertainty” driven by the Middle East war, but said the country is working to create “positive and favorable conditions for investment and growth.”
Tuesday, April 14th 2026 - 01:39 UTC
Argentina awaits year's highest inflation reading as Caputo bets on “best 18 months”

Argentine Economy Minister Luis Caputo said on Monday that March inflation will exceed 3%, which would make it the highest monthly reading of 2026, hours before the national statistics agency INDEC is scheduled to release the Consumer Price Index on Tuesday, April 14, at 4:00 p.m.
Tuesday, April 14th 2026 - 01:34 UTC
Brazil coffee exports fall 21% in Q1 despite record crop forecast

Brazil, the world's largest coffee producer and exporter, shipped 8.4 million 60-kilogram bags between January and March 2026, a volume 21.2% below the same period in 2025, the Brazilian Coffee Exporters Council (Cecafé) reported on Monday. Export revenues also fell 13.6%, to US$3.371 billion.
Monday, April 13th 2026 - 21:52 UTC
Tankers turn back at Hormuz as crude jumps over 4% on US blockade

Two oil tankers reversed course as they approached the Strait of Hormuz on Monday, just hours after the US naval blockade against Iranian ports took effect, according to maritime tracking platform MarineTraffic. Brent crude for June delivery closed up 4.4% at $99.36 per barrel, while US benchmark WTI rose 2.6% to $99.08, according to Bloomberg.
Sunday, April 12th 2026 - 13:30 UTC
Trump escalates Gulf crisis with order for total blockade of Strait of Hormuz

US President Donald Trump announced on Sunday that the Navy would immediately begin blocking all maritime traffic attempting to enter or leave the Strait of Hormuz, and ordered the interception on the high seas of any vessel that has paid a toll to Iran.