Economy

Friday, August 6th 2021 - 22:17 UTC
Peru tilts towards China, but taxing miners will become a controversial issue

Recently inaugurated Peruvian president Pedro Castillo seems to be clearly tilting his country towards China: cabinet members have met with the Beijing ambassador, an updating of the 2009 trade accord between the two countries is advancing and this Friday the president will be vaccinated with the SinoPharm Covid 19 shot.
Friday, August 6th 2021 - 07:52 UTC
In thirteen years Venezuela has eliminated 14 zeroes from the Bolivar currency

Because of the hyperinflation process, as of next October the Venezuelan currency, Bolivar, will lose six zeroes, the central bank announced on Thursday, This is the third time in thirteen years that monetary officials in the country appeal to eliminating ciphers.
Friday, August 6th 2021 - 07:44 UTC
Foreign airlines may continue to lift operations in Argentina if restrictions continue

Foreign airlines still operating in Argentina have voiced yet again their concerns over their future due to the country's restrictions on the number of flights allowed through Buenos Aires' Ezeiza international airport.
Friday, August 6th 2021 - 07:34 UTC
Latin America and Caribbean FDI in 2020 was the lowest since 2010, ECLAC annual report

Latin America and the Caribbean received US$105.48 billion in Foreign Direct Investment, FDI, in 2020 – 34.7% less than in 2019, 51% less than the record high achieved in 2012, and the lowest since 2010, the Economic Commission for Latin America and the Caribbean (ECLAC) indicated during the presentation of the annual “Foreign Direct Investment in Latin America and the Caribbean, 2021”
Thursday, August 5th 2021 - 18:45 UTC
Food prices fall slightly in July for the second month running, FAO report

Global food commodity prices fell in July for the second consecutive month, according to the benchmark United Nations FAO report. The FAO food price averaged 123.0 points in July 2021, 1.2% lower than the previous month although still 31.0% higher than its level in the same period of 2020.
Thursday, August 5th 2021 - 11:45 UTC
Uruguay plans to open up gradually, first to those vaccinated with any anti COVID-19 drug

Uruguay's Ministry of Tourism is planning to first allow in only foreigners who have taken a full coronavirus vaccination scheme, regardless of its brand, as the gradual reopening of borders seems imminent.
Thursday, August 5th 2021 - 08:44 UTC
Brazilian farmers plan to expand soybean area; protein producers short of corn import from Argentina

Brazilian farmers are planning to expand their soy area for the 15th consecutive year, according to a survey by consulting firm Datagro. The world’s largest soybean producer and exporter will increase the area sown by 4%, to 40.57 million hectares in the 2021/2022 season.
Wednesday, August 4th 2021 - 08:17 UTC
Decadence of Uruguay's fishing industry: from a catch of 147,000 tons to a mere 50,000 tons

The decadence and complicated situation of Uruguay's industrial fishing sector was exposed by Senator Gustavo Penadés in the Upper House as well as the need for urgent public support to help the country take advantage of the many aquatic resources in rivers, lagoons and the sea, the ocean.
Wednesday, August 4th 2021 - 07:42 UTC
Vietnam's clothing exports boom in 2020, WTO says

A report issued Tuesday by the World Trade Organization (WTO) for clothing exports in the year 2020 has shown that Vietnam has surpassed Bangladesh as the second-largest global trader.
Wednesday, August 4th 2021 - 07:13 UTC
Highest alert in Brazil with African Swine Fever outbreak in Dominican Republic, which spread from 2 to 11 provinces

Brazil said that it is closely monitoring the outbreak of African Swine Fever, ASF, in the Dominican Republic and is taking the necessary measures, including an alert on the control of imports, international agriculture surveillance, and animal health services.