Economy

Monday, June 13th 2022 - 10:40 UTC
Uruguay, Brazil agree on zero-tariff for certain products

While the spotlight at the Summit of the Americas was focused on heads of state not shaking hands and some countries being excluded, the Foreign Ministers of Uruguay and Brazil agreed on a zero tariff in free trade zones and special customs areas for an unlimited period of time.
Friday, June 10th 2022 - 23:25 UTC
Sharp increase reported in Argentine intra-Mercosur exports

Argentina has recorded a sharp increase in intra-Mercosur exports, with trade reaching its highest figures in 7 years, it was reported in Buenos Aires. Intra-Mercosur trade during 2021 reached US$ 41 billion and achieved the highest value since 2014, while Argentine exports to the bloc exceeded US$ 14 billion, according to the CXXIII Meeting of the Common Market Group (GMC) in Asunción.
Wednesday, June 8th 2022 - 09:49 UTC
War in Ukraine to increase LatAm poverty, ECLAC foresees

Poverty in Latin America will grow to 33.7% and extreme poverty to 14.9% this year as a direct consequence of the war between Russia and Ukraine, the Economic Commission for Latin America and the Caribbean (ECLAC) has warned.
Wednesday, June 8th 2022 - 09:29 UTC
BRICS countries agree to deepen financial, customs cooperation

Following a virtual meeting Tuesday, dignitaries of all five BRICS nations (Brazil, Russia, India, China, and South Africa) have pledged to deepen financial and customs cooperation.
Wednesday, June 8th 2022 - 09:20 UTC
Commercial air link Falklands/Chile scheduled to resume 2nd July. Ticket booking begins

Following the announcement made on 7 April 2022, the air link between the Falkland Islands and Chile will resume on Saturday 2 July 2022. LATAM flight schedules will be reinstated with flights stopping in Punta Arenas and Santiago, and once a month stopping in Rio Gallegos.
Wednesday, June 8th 2022 - 09:00 UTC
Chile's trade balance on the rise

Chile's foreign trade reached US$ 86.149 billion between January and May of 2022, according to data from the Undersecretariat of International Economic Relations, which showed a 20% interannual increase, it was reported Tuesday.
Tuesday, June 7th 2022 - 20:54 UTC
Job openings in Brazil show positive figures in April

Brazilian authorities have announced nearly 197,000 new formal jobs had been created in the month of April, according to the General Cadastre for Employed and Unemployed (Caged), released Monday by the Labor Ministry.
Monday, June 6th 2022 - 15:36 UTC
Although still below 2019 levels, tourism arrivals picking up in Europe and the Americas

The World Tourism Organization is reporting that tourism continues to recover at a strong pace. Globally, destinations welcomed almost three times as many international arrivals in the first quarter of 2022 as in the same period of 2021, with Europe leading the sector’s rebound. Experts are also looking into the future with more optimism.
Saturday, June 4th 2022 - 10:30 UTC
Argentina: Alberto and Cristina make joint appearance again

Argentine President Alberto Fernández and Vice-President Cristina Fernández de Kirchner (CFK) spoke to each other once again Friday during the celebration of the state-run oil company YPF's 100th anniversary.
Saturday, June 4th 2022 - 08:12 UTC
Uruguay's inflation above target but exports hit new records

Year-on-year inflation in Uruguay in the month of May of 2022 has been reported to still be nearly 35% above the target range set by the government of President Luis Lacalle Pou, while exports amounted to US$ 1.5 billion, which set a record high.