Economy

• Saturday, August 27th 2022 - 09:51 UTC

  Federal Reserve pledges to keep lowering inflation, “until we are confident the job is done”

  

  The chairman of the Federal Reserve, Jerome Powell said on Friday that the job of lowering inflation is not done, and “we will keep at it until we are confident the job is done”. Powell was speaking at the Fed's annual conference in Jackson Hole, Wyoming, an event closely followed by markets and pundits, trying to anticipate future actions.

• Saturday, August 27th 2022 - 09:15 UTC

  Brazil estimates a grains and oilseeds 2022/23 harvest of 308 million tons

  

  Brazil's government CONAB, (National Supply Company) anticipated that the 2022/23 grains and oil seeds harvest would reach 308 million tons, given the good performance and strong international demand for corn, soybean, rice, beans and cotton.

• Friday, August 26th 2022 - 18:50 UTC

  Argentine Superminister Massa discusses bilateral ties with Indian FM

  

  Argentina's Superminister Sergio Massa Friday called for the strengthening of bilateral trade with India after a meeting with Foreign Minister Subrahmanyam Jaishankar, who is touring Latin America and held an encounter Thursday with President Alberto Fernández.

• Friday, August 26th 2022 - 10:09 UTC

  Ukraine conflict, inflation, tighter monetary policy slowing down global trade, WTO quarter report

  

  The World Trade Organization warns that uncertainty has increased as a result of the conflict in Ukraine, growing global inflation, and the predicted tightening of monetary policy by central banks in advanced nations.

• Thursday, August 25th 2022 - 09:53 UTC

  Employment grows in Uruguay after pandemic lull

  

  Uruguay's National Statistics Institute (INE) has published its latest measurement according to which the employment rate stood at 56.8% in July of 2022, one-tenth higher than the previous month.

• Wednesday, August 24th 2022 - 10:14 UTC

  Venezuelan civil servants march against salary-deteriorating instructions

  

  Retired and active Venezuelan civil servants marched Tuesday through the streets of Caracas to protest against the Government's policies that “are starving us to death.” They were greeted by pickets and blockades by the Bolivarian National Police (PNB) and the Bolivarian National Guard (GNB).

• Wednesday, August 24th 2022 - 09:54 UTC

  Ukraine grain exports still face obstacles and many farmers, fearful of the situation, will not sow winter crops

  

  Ukraine’s grain exports have slumped significantly since Russia invaded the country and closed off its Black Sea ports, pushing up global food prices and prompting fears of shortages in Africa and the Middle East.

• Wednesday, August 24th 2022 - 09:40 UTC

  Latin America's economy reported to be slowing down

  

  Latin America's Gross Domestic Product (GDP) has been reported to be slowing down, with a 2.7% expansion projected for the end of 2022, according to an Economic Commission for Latin America and the Caribbean (ECLAC) report released in Santiago on Tuesday.

• Wednesday, August 24th 2022 - 09:31 UTC

  Inflation in Argentina hits working-class neighborhoods harder

  

  According to a report by the Institute of Social, and Economic Research (Isepci) released Tuesday, inflation in suburban Buenos Aires where most working-class people reside, reached 11% in July, which is tantamount to saying it was 5 percentage points above the country's 6% average as per National Institute of Statistics and Census (Indec) figures.

• Tuesday, August 23rd 2022 - 10:10 UTC

  Brazil consolidates as China's main supplier of agriculture produce

  

  A new agreement to facilitate exports from the Brazilian agribusiness sector to China has been described by market experts in Sao Paulo as crucial to inaugurating the “biggest era of market openness in the last ten years” between the two countries.