Economy

• Tuesday, June 11th 2024 - 18:41 UTC

  Paraguay enacts “linked towns” bill for residents of border locations

  

  Paraguayan President Santiago Peña signed into law a bill providing for the creation of the so-called “linked towns” bordering Argentina and Brazil. The measure grants residents a preferential status in economic, labor, health, and cultural issues, it was explained.

• Monday, June 10th 2024 - 21:19 UTC

  Gloomy future for SMEs in Argentina, studies find

  

  According to a survey published by the Argentine Confederation of Medium-Sized Companies (CAME) report released Monday in Buenos Aires, retail sales in Argentina fell 7.3% year-on-year in May as President Javier Milei's chainsaw economic policies took a deeper toll on the purchasing power of the population.

• Monday, June 10th 2024 - 07:07 UTC

  Christine Lagarde: Why we adjusted interest rates

  

  By Christine Lagarde
  
  The ECB has cut interest rates, 6th June. President Christine Lagarde explains why and sets out what still needs to be done to bring inflation back to 2% over the medium term. (*)

• Saturday, June 8th 2024 - 10:10 UTC

  Alckmin underlines China's importance for Brazil

  

  In an interview with Brazilian reporters during his Chinese trip, Vice President Geraldo Alckmin underlined the importance of the China-Brazil High-Level Coordination and Cooperation Committee (COSBAN).

• Friday, June 7th 2024 - 09:47 UTC

  Uruguay's Ancap posts US$ 48 million losses in three months

  

  Uruguay's state-owned oil company Ancap reported this week losses worth US$ 48 million in the last three months after needing to import fuel to meet local demand following the shutdown of the La Teja refinery for maintenance work starting Sept. 4, 2023.

• Thursday, June 6th 2024 - 19:50 UTC

  Bolivian President thanks Putin for Russia's partnership

  

  Bolivian President Luis Arce Catacora held a meeting with his Russian colleague Vladimir Putin on the sides of the St. Petersburg International Economic Forum (SPIEF) during which both leaders agreed on joint undertakings in the South American country regarding lithium battery production in addition to discussing other bilateral topics of interest.

• Wednesday, June 5th 2024 - 21:22 UTC

  Argentine air traffic controllers announce 18-day strike

  

  Argentine air traffic controllers nationwide announced an 18-day strike starting this coming Sunday to demand better salaries as people's incomes in the South American country have been dwindled by inflation. The measure is expected to affect air travel, albeit to a limited extent.

• Wednesday, June 5th 2024 - 20:53 UTC

  Uruguay's interannual inflation stands at 4.1% in May

  

  Uruguay's National Statistics Institute (INE) released a report Wednesday in Montevideo showing that the Consumer Price Index (CPI) went up 0.4% in May for an accumulated 3.25% in 2024 and a 4.1% yoy. In May 2023, inflation for the previous 12 months amounted to 7.1%.

• Wednesday, June 5th 2024 - 16:59 UTC

  Falkland Islands Government publishes Budget for 2024/25

  

  Focusing on our current and future generations is at the heart of the Falkland Islands Government Budget for 2024/25. The Budget recognises these two themes are essential for the community to mitigate against the continued global cost of living crisis, and the uncontrollable situations happening around the world, which ultimately impact our economy.

• Wednesday, June 5th 2024 - 10:11 UTC

  Low river levels affecting Paraguay's shipments

  

  Paraguayan foreign trade operators have expressed concern this week amid dropping water levels at the Paraguay and Paraná rivers affecting transportation capacity.