Economy

• Tuesday, April 19th 2022 - 03:38 UTC

  Brazil again top global beef exporter, followed by India, USA and Australia

  

  Brazil during March exported 203,490 tons of beef, up 28% year on year, and the UN Department of Agriculture anticipated that the country is projected to become once again the largest beef exporter in 2022., with shipments 12,1% higher than in 2021.

• Monday, April 18th 2022 - 22:55 UTC

  Pepe Mujica against blanket VAT reduction

  

  Former Uruguayan President José “Pepe” Mujica said the Government's blanket cut to the VAT should apply only to the needy people; otherwise, it becomes a benefit to those who can actually afford to pay full tax.

• Monday, April 18th 2022 - 15:29 UTC

  China lowers banks' reserves to stimulate the economy

  

  China's central bank announced last Friday a flat reduction of 25 basis points of in banks' reserve requirements, as part of the anticipated pro-growth measures to stimulate the world´s second-largest economy. The slowing down of domestic consumption in the first half of the year, flared by the outbreaks in Shanghai, are expected to be stronger in the second half.

• Monday, April 18th 2022 - 08:37 UTC

  Argentina has too many pensioners, according to an IMF report

  

  A recent report by the International Monetary Fund (IMF) has underlined the fact that Argentina has a larger proportion of citizens earning pensions when compared to other countries in the world.

• Saturday, April 16th 2022 - 10:00 UTC

  Inflation in LatAm highest in 15 years, IMF says

  

  According to the International Monetary Fund (IMF), inflation in Latin America's leading economies has reached its highest levels in 15 years. The finance agency Friday reported that these results were the consequence of the “impact on the pandemic and the war between Russia and Ukraine.”

• Friday, April 15th 2022 - 09:57 UTC

  Video of Argentine provincial minister admitting to irregularities goes viral

  

  The Finance Minister of the Argentine Province of La Pampa admitted on record that most officials would end up in jail if he told the truth about an oil company during his virtual audience with local lawmakers, thus sparking a major scandal.

• Friday, April 15th 2022 - 09:44 UTC

  European central bank will raise interest rates after ending assets' purchasing program

  

  The European Central Bank Governing Council said on Thursday that in the current conditions of high uncertainty it will maintain “gradualism and flexibility” as the guidelines for its monetary policy anticipating that the assets purchase program will be concluded by the third quarter.

• Friday, April 15th 2022 - 09:28 UTC

  “Inflation pandemic” displaces Covid-19 in leading countries

  

  United Kingdom inflation accelerated to 7% in the 12 months through March, the highest annual rate since March 1992, the Office for National Statistics said. A day before the United States US Labor Department said that its consumer price index jumped 8.5% last month.

• Thursday, April 14th 2022 - 09:52 UTC

  Argentina's Central Bank raises reference rate to cope with inflation

  

  Argentina's Central Bank (BCRA) has adjusted the basic interest rate by 250 basis points to 47% per annum in nominal terms in a move to counter the effects of rampant inflation.

• Wednesday, April 13th 2022 - 09:49 UTC

  Brazilian pork exports in a recovery tendency: China remains the main market

  

  The Brazilian Animal Protein Association (ABPA) has reported that pork exports (all products, raw and processed included) reached 91.4 thousand tons in March, which is 16.3% lower than the February 2021 record with 109,2 thousand tons.