Economy

• Tuesday, September 21st 2021 - 09:37 UTC

  Argentine President appoints new ministers; measures coming up in coming days

  

  Argentine President Alberto Fernández Monday took the oath of office to the new members of his cabinet, with whom he intends to reconfigure his Government following a resounding loss at September 12's Mandatory, Open and Simultaneous (PASO) elections and its following political crisis.

• Tuesday, September 21st 2021 - 09:10 UTC

  Argentine farmers stage protests and activities in front of Congress

  

  Argentina's Union of Land Workers (UTT) Monday began a 48-hour protest in front of the National Congress building demanding lawmakers pass the Access to Land bill.

• Tuesday, September 21st 2021 - 08:55 UTC

  World markets sink on fears of a Chinese version of “Lehman Brothers 2008 bankruptcy”

  

  Asian stocks sank on Monday amid fears of a potential collapse of the beleaguered Chinese real estate company Evergrande could lead to a wave of defaults in China's bloated housing market that could extend from the second-largest economy to the rest of the world. The company must pay this week interests on loans and bonds and experts fear it will not be able to honour creditors.

• Tuesday, September 21st 2021 - 08:50 UTC

  Chinese giant Evergrande's debt spreads fears among world markets

  

  As the Chinese Evergrande Group falls into debt some regards as an encore of the Lehman Brothers crisis of 2008, markets around the globe have begun to brace for the worst despite little signs of encouragement in the opposing sense.

• Tuesday, September 21st 2021 - 08:46 UTC

  Argentina will pay IMF US$ 1,9bn plus interests on Wednesday, but no budget funds contemplated in 2022

  

  In the midst of the critical situation that emerged following the results of Sunday 12 September primary election, and the cabinet reshuffle a week later, the government of Argentine president Alberto Fernandez nevertheless confirmed that this week it will honor a US$ 1,9bn repayment plus interests to the IMF.

• Tuesday, September 21st 2021 - 08:30 UTC

  Uruguay expands meat sales business to Japan, South Korea

  

  Uruguayan meat sales to Japan have been growing at an increasingly faster pace, according to press reports. In 2019, trade was worth US $ 20 million; in 2020, US $ 24 million and so far in 2021, revenues in dollars have grown 72% compared to the same period of the previous year, according to Montevideo Portal.

• Monday, September 20th 2021 - 08:55 UTC

  Bradesco, one of Brazil's top leading banks is leaving Argentina

  

  Bradesco, Brazil's second-largest private bank is ceasing operations in Argentina. Mainly a commercial bank that works with corporations and foreign trade, Bradesco joins a long list of companies that stopped making business in Argentina and have left or are leaving.

• Saturday, September 18th 2021 - 09:24 UTC

  Latin America viewing Celac as a substitute for OAS during Summit starting in Mexico City

  

  The Community of Latin American and Caribbean States (Celac) Summit will start Saturday in Mexico City as the body seeks to replace the Organization of American States (OAS) in regional matters.

• Saturday, September 18th 2021 - 09:06 UTC

  Unemployment on the rise in Uruguay, INE study shows

  

  Unemployment continues to be on an upward trend in Uruguay, according to data released Friday by the National Institute of Statistics (INE).

• Saturday, September 18th 2021 - 09:05 UTC

  Brazilian President and British PM to meet privately in NYC before UN speech

  

  Brazil's President Jair Bolsonaro will meet British Prime Minister Boris Johnson, on Monday, in New York, before delivering the opening speech at the United Nations General Assembly, it was announced.