Economy

Saturday, July 9th 2022 - 09:06 UTC
Food-commodity prices in June remain 23,1% higher than a year ago, FAO report

The barometer for world food commodity prices declined slightly in June for the third consecutive month, the Food and Agriculture Organization of the United Nations (FAO) reported on Friday
Friday, July 8th 2022 - 08:28 UTC
Batakis: Dollars needed from agriculture and from not vacationing abroad

Argentina's newly-appointed Economy Minister Silvina Batakis Wednesday insisted the country needed a more efficient agricultural productivity and the ensuing liquidation of assets through the official currency exchange scheme to add to the Treasury's coffers.
Thursday, July 7th 2022 - 10:00 UTC
“Falklands offers a different lifestyle, but if you love it, you tend to really love it,” MLA Leona Roberts

“The Falklands Islands are a funny place, it's not for everybody, it's quite a different lifestyle, but if you love it, you tend to really love it. People who come to the Falklands and make the Islands their home generally stay,” MLA Leona Roberts told the Spanish news agency EFE, in an interview at the Falklands House in London.
Thursday, July 7th 2022 - 09:30 UTC
Brazilian beef exports booming with an even brighter second half expected

Brazilian exports of beef during the second half of the year should keep their bullish pace anticipates a report from Netherlands Rabobank, given the strong demand from China, United States, Egypt and the United Arab Emirates, reflected in an estimated 10% tonnage increase over 2021.
Tuesday, July 5th 2022 - 20:16 UTC
IMF vows to keep working alongside Argentina

The International Monetary Fund (IMF) has insisted on the need to keep working together with Argentina following the resignation of Martín Guzmán as Economy Minister and the subsequent appointment of Silvina Batakis.
Tuesday, July 5th 2022 - 09:48 UTC
Final and total privatization of South America's largest port, Santos, scheduled for next December

The privatization of South America's largest port terminal complex, Santos in Brazil is advancing although slowly, but progressing. Infrastructure minister Marcelo Sampaio said that the required studies and legal papers for the privatization should be arriving at the Federal Court of Accounts no later than July 30th.
Tuesday, July 5th 2022 - 09:21 UTC
Brazil launches US$ 65bn 'handouts' for the 2022/23 farming year

The Brazilian federal government launched last week the 2022/2023 agribusiness financing plan (Plano Safra), which will provide a total of Reais 340.8 billion (some US$ 65 billion) in credit to support the agri-business industry during the next twelve months.
Monday, July 4th 2022 - 22:09 UTC
Argentina's new Economy Minister sworn in

Argentina's newly-appointed Economy Minister, Silvina Batakis, made a brief statement to the press minutes after taking her oath of office, during which she vowed to stay on the present course of action left behind by her predecessor Martín Guzmán, who resigned Saturday.
Monday, July 4th 2022 - 20:43 UTC
No more foreign players for Argentine football clubs due to US dollar crisis

Argentina's current economic crisis is taking its toll on football. Transactions involving foreign players who were about to be hired by local clubs have been put on hold after local clubs have been rendered unable to have access to the amount of US dollars needed for the deal to go through.
Monday, July 4th 2022 - 10:43 UTC
Alberto Fernández picks Silvina Batakis as new Economy Minister

Argentine President Alberto Fernández chose Silvina Batakis as the new Economy Minister following the resignation of Martín Guzmán during the weekend, a move which has prompted a rise in the informal exchange rate between the local peso and the US dollar, thus fueling already seemingly unstoppable inflation.