Economy

• Monday, July 19th 2021 - 09:11 UTC

  OPEC and Russia+10 will increase output, 400,00 bpd, as of August first

  

  The world's leading oil-producing countries agreed on Sunday to continue with the gradual increase of output, 400,000 barrels per day, beginning August first, to help global economic recovery following the pandemic, according to a release from the group's meeting in Vienna.

• Monday, July 19th 2021 - 09:00 UTC

  Chile increases basic interest rate to 0,75%, working on a two year horizon

  

  Chilean Central Bank board members decided unanimously to increase the reference inter-bank interest rate some 25 base points to 0.75%, which represents the first rise in over two and a half years, given the improved economic prospects since the pandemic was triggered.

• Friday, July 16th 2021 - 09:47 UTC

  CPI climbs 3.2% in June in Argentina, 25.3% in first semester of 2021

  

  The Argentine Central Bank's monthly Survey of Market Expectations (REM) has matched the National Institute of Statistics and Census (INDEC) announcement Thursday of a 3.2% increase in retail prices nationwide.

• Friday, July 16th 2021 - 08:18 UTC

  WTO edges closer to an agreement on fisheries limiting government subsidies

  

  The World Trade Organization edged closer on Thursday to an agreement that would set new rules for the global fisheries industry and limit government subsidies contributing to unsustainable fishing and the depletion of global fish stocks.

• Wednesday, July 14th 2021 - 23:44 UTC

  Disappointment in Gibraltar as Wizz Air cancels service

  

  Wizz Air has cancelled all Gibraltar flights to Luton for August saying it needs to meet higher demand in other European countries. Minister for Business and Tourism, the Hon Vijay Daryanani MP, said: “We understand Wizz Air’s need to remain flexible to client demands.

• Wednesday, July 14th 2021 - 09:05 UTC

  Brazilian President supports Cuban demonstrations, signs privatization of Eletrobras

  

  Brazilian President Jair Bolsonaro Tuesday expressed his support for the Cuban people protesting against their living conditions under the Communist Government of Miguel Díaz-Canel.

• Wednesday, July 14th 2021 - 09:00 UTC

  Uruguay central bank leaves reference rate unchanged waiting for stronger recovery signals

  

  The Uruguayan central bank is waiting for stronger signals of economic recovery before altering the current monetary policy, according to a release from the Monetary Policy Committee, Copom. In its third 2021 meeting, at the end of June, it ratified the current reference interest rate of 4,5% and anticipated it will wait for improved indicators from the pandemic battered economy.

• Wednesday, July 14th 2021 - 08:59 UTC

  US budget finances improving as labor market recovers and tax payments advanced two months

  

  The United States government recorded a budget deficit of 174 billion dollars in June, which is approximately a fifth of the 864 billion dollars the same month a year ago. Recovery of the labor and jobs markets, together with an advanced deadline to pay taxes this year helped to achieve the positive tendency.

• Wednesday, July 14th 2021 - 08:30 UTC

  Volkswagen picks Uruguay to make e-cars Latin American landing

  

  The traditional German automaker Volkswagen has chosen Uruguay as the first country in Latin America to receive its assortment of fully electricity-powered models, it was announced during a ceremony which was attended by President Luis Lacalle Pou.

• Tuesday, July 13th 2021 - 09:05 UTC

  Vote in parliament to reverse UK's decision to cut overseas aid

  

  The British parliament will vote this Tuesday on a reverse decision to cut the United Kingdom's overseas aid. Chancellor of the Exchequer Sunak addressed a statement to parliament on Monday that the decision to limit foreign aid would be reversed once the UK no longer needs to borrow to fund daily needs and public debt begins to fall.