Economy

• Saturday, July 3rd 2021 - 11:12 UTC

  Paraguay's inflation reaches 0.4% in June

  

  Paraguay's inflation in June stood at 0.4%, according to a Central Bank report issued Friday in Asunción. The new data showed a slight improvement, compared to May's 0.6%, for a total of 1.5% in the first half of the year 2021.

• Saturday, July 3rd 2021 - 11:07 UTC

  Flybondi resumes services after pandemic-caused travel restrictions in Argentina

  

  Argentine budget carrier Flybondi is to resume domestic services after 15 months grounded due to restrictions on the circulation of people owing to sanitary reasons, it was announced.

• Friday, July 2nd 2021 - 09:20 UTC

  Chile's economy grows 18.1% thanks to pension withdrawals and state emergency funding

  

  Chile's Central Bank Thursday reported an 18.1% economic growth in May, which has brought it back to the pace of prepandemic levels.

• Friday, July 2nd 2021 - 08:49 UTC

  Uruguayan meat processing plant may resume shipments to China after labelling incident in April

  

  The Uruguayan BPU meat processing plant has been cleared to resume exports to China as of July 1 after it was banned April 9 due to a mislabelled shipment, it was announced Thursday.

• Friday, July 2nd 2021 - 08:32 UTC

  International tax rules reform: 130 countries support minimum 15% rate on large multinationals’ profits

  

  Following two days of discussions hosted by Paris based Organization for Economic Cooperation and Development, OECD, 130 countries, representing more than 90% of global GDP, joined a new two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate. But Ireland and eight other countries decline to accept the agreement.

• Friday, July 2nd 2021 - 08:04 UTC

  World Bank names new LatAm, Caribbean Chief Economist

  

  The Washington DC headquarters of the World Bank Thursday announced William Maloney has been appointed as of July 1 as its new Chief Economist for the Latin America and the Caribbean (LAC) Region.

• Thursday, July 1st 2021 - 09:30 UTC

  Soybean rise to US $ 532 a ton in Chicago

  

  The price of soybeans sprang back to above US $ 500 in the Chicago market Wednesday after a US $ 33.2 rise fueled by a new report on stocks and planting from the Department of Agriculture of the United States (USDA).

• Thursday, July 1st 2021 - 09:00 UTC

  Brazilian industry and unions request suspension of Mercosur talks on reducing the Common External Tariff

  

  The Brazilian Confederation of Industry, CNI and the IndustriALL-Brasil (which represents industry unions) have officially requested that in the next Mercosur meeting, scheduled for early this month, Brazilian representatives withdraw the proposal for a reduction of block trade tariffs with other countries. However, both institutions also backed the current flexibilization of current trade talks with third countries, such as South Korea.

• Wednesday, June 30th 2021 - 09:23 UTC

  Unemployment crosses double-digit psychological threshold in Uruguay

  

  Uruguay's unemployment rate rose from 9.7% in April to 10.2% at the end of May, which marked a return of the index to double-digit figures, according to a monthly report released Tuesday by the National Institute of Statistics (INE).

• Wednesday, June 30th 2021 - 09:13 UTC

  Floods and droughts mean yearly losses worth US $ 1 billion for Argentina, says World Bank

  

  A new report titled “Impact of Climate Crisis on Poverty and the Argentine macroeconomy” points out the serious consequences of the impact of climate change on the Argentine economy, mainly due to losses caused by floods and droughts, the World Bank announced Tuesday.