Economy

Monday, November 29th 2021 - 09:35 UTC
Argentines withdrew a record US$ 137 million during October

Uncertainty and lack of confidence in Argentine politics is not only reflected with ballots in the polls. In effect despite all the limitations and clamps to the purchase of US dollars, limited to 200 per individual, per month and with a bank account, during October some 762,000 Argentines purchased US$ 137 million.
Monday, November 29th 2021 - 09:25 UTC
Chile planning an optical fiber cable from Puerto Williams to Antarctica

The regional government of Magallanes extreme south of Chile signed an agreement with the Telecommunications ministry and Country Development Secretariat to study the feasibility of an optical fiber from the region to the Antarctic peninsula.
Monday, November 29th 2021 - 09:10 UTC
Saudi Arabia's FM visits Buenos Aires to strengthen ties with Argentina

Saudi Arabia's Foreign Minister Prince Faisal al Saud said in a newspaper interview published Saturday in Buenos Aires' daily Infobae that “Argentina is our friend and ally, that will not change at the IMF.” The diplomat thus did not rule out a handout to reinforce Argentina's Central Bank's reserves.
Saturday, November 27th 2021 - 09:40 UTC
“Auxilio Brasil” intended to benefit 17 million families with monthly payments approved in Congress

The massive social welfare program, Auxilio Brasil, promoted by the administration of president Jair Bolsonaro was passed this week in the Lower House and is expected to be approved in the Senate where leaders have promised to address it as a priority.
Saturday, November 27th 2021 - 09:12 UTC
Canadian rating agency praises Uruguay's fiscal consolidation and raises BBB- trend from stable to positive

Canadian credit rating agency, DBRS Morningstar confirmed Uruguay's Long-Term Foreign and Local-Currency – Issuer Ratings at BBB-, and at the same time, elevated its prospect from stable to positive.
Friday, November 26th 2021 - 07:52 UTC
Falkland Islands receives the first cruise visit since 2019/20 season

The first cruise ship to visit the Falklands since the 2019/2020 tourist season, Silver Explorer, was cleared on November 24 and in Stanley Harbor. The itinerary included visits to Bleaker Island and Bull Point. However, it is unknown how many other vessels will visit over the season.
Thursday, November 25th 2021 - 18:48 UTC
Argentina not likely to extend special layoff measures, Labor Minister says

Argentine Labor Minister Claudio Moroni Thursday said it was “highly likely” that the double severance money and the ban on dismissals decreed as a part of the emergency measures to cope with the COVID-19 pandemic will not be extended after December 31, since the economic situation was getting back to normal.
Wednesday, November 24th 2021 - 18:29 UTC
Toyota plant in Argentina to increase production as of 2022

Argentine President Alberto Fernández was told Wednesday at Casa Rosada that the Toyota automotive manufacturing plant in the city of Zárate will be producing 27,000 additional vehicles yearly, it was announced.
Wednesday, November 24th 2021 - 09:16 UTC
Bi-Oceanic Corridor to bring Mercosur closer to Asia, Paraguay's FM says

Paraguay's Foreign Minister Euclides Acevedo said the Bi-Oceanic Corridor will bring Mercosur's entire economic development closer to Asia. His remarks came at a press conference after meeting with his Japanese counterpart Yoshimasa Hayashi in Tokyo earlier this week.
Wednesday, November 24th 2021 - 09:16 UTC
IMF praises Chilean economy but insists on targeted support for the most vulnerable

An International Monetary Fund (IMF) mission, led by Ana Corbacho, met (virtually) with the Chilean authorities during November 15–19 to discuss recent economic developments, policies, and priorities for the country. The mission engaged with senior officials, analysts, and business representatives. At the conclusion of the visit, Ms. Corbacho issued the following statement: