Economy

• 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.

• Wednesday, April 13th 2022 - 09:41 UTC

  Abdo enacts law eliminating fuel subsidies to Paraguayan brand fuels

  

  Paraguay's President Mario Abdo Benítez Tuesday signed into law the suppression of subsidies to the price of fuel at pumps which helped the state-run Petróleos Paraguayos SA (Petropar) against all competitors.

• Tuesday, April 12th 2022 - 23:12 UTC

  New pricing system puts Brazil closer to joining OECD, says Guedes

  

  Brazil's Economy Minister Paulo Guedes Tuesday said his country was a step closer to joining the Organization for Economic Cooperation and Development (OECD) after a new transfer pricing system was introduced.

• Tuesday, April 12th 2022 - 10:55 UTC

  Fitch Ratings believes the Lacalle Pou coalition has sufficient political capital to face challenges and much needed reforms

  

  The ruling coalition of Uruguayan president Luis Lacalle Pou expects to use its political capital following victory in the 27 March referendum which rejected overturning a third of his government's program, enacting reforms in the second half of his five year period, according to the latest Fitch Rating report on Uruguay.

• Tuesday, April 12th 2022 - 09:04 UTC

  What is a non-dom? The tax status claimed by UK Chancellor Sunak’s wife and other wealthy people

  

  By Ronen Palan (*) – It has emerged that British Chancellor of the Exchequer Rishi Sunak’s wife, Akshata Murty, claims non-domicile (or “non-dom”) tax status, meaning that she does not have to pay UK taxes on income earned elsewhere. This revelation has drawn criticism, especially in light of Sunak raising taxes for working households. An expert answers our questions.

• Monday, April 11th 2022 - 23:39 UTC

  Argentina foresees foreign trade surplus for 2022, study shows

  

  Due to the international increase in the price of agricultural products, Argentine traders foresee a trade surplus of US$ 14.1 billion for this year, because while imports would total US$ 70.6 billion, exports would reach US$ 84.4, according to a report by the Department of Information and Economic Studies of the Rosario Stock Exchange (BCR).