Economy

Friday, May 13th 2022 - 09:55 UTC
Argentina's inflation for April of 2022 set at 6% – worst YoY data in 30 years

Argentina's National Institute for Statistics and Census (Indec) Thursday announced that inflation for the month of April of 2022 had reached 6% for a total of 58% in the last 12 months, which turned out to be the country's highest figure in 30 years.
Thursday, May 12th 2022 - 10:52 UTC
EU wants to sign stalled trade agreements, but with Mercosur objections persist

The European Union aims to finalize and sign at least three stalled trade agreements this year as the bloc looks to reinforce strategic alliances amid the turmoil caused by Russia’s invasion of Ukraine.
Thursday, May 12th 2022 - 10:10 UTC
Brazil consumer prices increased 1.06% in April and 12,13% in twelve months

Consumer prices in Brazil increased 1.06% from March, the fastest rise for the month of April since 1996, the Brazilian Institute of Geography and Statistics, or IBGE, said on Wednesday. Prices rose 12.13% from a year earlier, the fastest pace since 2003. In March, prices rose 1.62% from February and increased 11.30% from a year earlier. Again food and transport had a decisive impulse.
Thursday, May 12th 2022 - 09:52 UTC
UK signs defense deals with Sweden and Finland, ahead of the two countries decision on joining NATO

UK Prime Minister Boris Johnson on Wednesday signed defense deals with Sweden and Finland committing UK aid, including military support, in the event of an attack. Johnson made the pledge during a brief tour to the two Nordic nations, where he met first Swedish Prime Minister Magdalena Andersson at her official countryside residence; then Finnish President Sauli Niinistö in Helsinki.
Thursday, May 12th 2022 - 09:14 UTC
US inflation still strong, but can be expected to ease in second half of the year, analysts agree

Inflation in the United States seems to have started to taper off, as the rapid cost of goods and services did not change much in April compared to March. Consumer prices rose by 0.3% in April after having risen by 1.2% in March, according to data the Bureau of Labor Statistics released on Wednesday.
Wednesday, May 11th 2022 - 20:36 UTC
US Ambassador compliments Argentine gov't

The United States Ambassador to Buenos Aires was full of praise for Economy Minister Martín Guzmán's handling of the recent deal between Argentina and the International Monetary Fund (IMF), saying “the work he did was impressive.”
Wednesday, May 11th 2022 - 09:44 UTC
Argentina takes active steps to boost exports to Brazil

Argentina's Ambassador to Brazil Daniel Scioli has embarked on a trade mission seeking to expand the number of products to be exported to that country. For that purpose, over 600 business meetings are to take place, according to Buenos Aires' daily Ámbito.
Wednesday, May 11th 2022 - 09:14 UTC
FIH 12-month results to April will “significantly exceed” expectations; FIC less affected by pandemic

Financial and stock exchange media in London reported that the Falkland Islands and Britain-focused specialist services provider FIH, said in an update on Tuesday that trading activity was “heading back” to pre-pandemic levels, with its first-half progress continuing in the historically-stronger second half of the year.
Tuesday, May 10th 2022 - 10:45 UTC
More inflation in the pipeline for Argentina: estimates of 65,1% for 2022

The weekly survey of market expectations, REM, from the Central Bank anticipates a worsening of the inflation situation in Argentina, which once the April index is officially made public this week could represent 65% for the twelve months of 2022.
Saturday, May 7th 2022 - 10:45 UTC
Venezuela's inflation for April 2022 stands at 4.4%

Venezuela's Central Bank Friday reported April's inflation had reached 4.4% in April, according to the National Statistics Institute (INE). The new figures were significantly higher than the National Consumer Price Index (INPC) recorded in March but still notoriously better than 24.% from April 2021.