Economy

Wednesday, March 16th 2022 - 09:55 UTC
Argentina's inflation for February of 2022 reaches 4.7%

Argentina's inflation for the month of February of 2022 has reached 4.7% on average, the National Institute of Statistics and Census (Indec) announced Tuesday. It was the highest percentage since March of last year and was driven chiefly by increases in the price of food due to droughts, heatwaves, and fires.
Wednesday, March 16th 2022 - 09:54 UTC
Lacalle Pou signals price of meat to go up in Uruguay

Uruguay's President Luis Lacalle Pou Tuesday heralded there would be news regarding the price of meat and some other “fundamental inputs.” He also announced the measures will be announced at different times, and they also will be “internal, except for some imports of meat cuts.”
Wednesday, March 16th 2022 - 09:10 UTC
US will sponsor home production of fertilizers to cut dependence from imports

United States Department of Agriculture (USDA) is planning to invest an initial sum of US$250 million for the production of fertilizers in the country. USDA said the goal is the reduction of input costs, which have been strongly affected by the sanctions imposed on Russia, (a leading global supplier) and stimulate competition in the US.
Tuesday, March 15th 2022 - 20:00 UTC
Puerto Rico formally out of bankruptcy

The Government of Puerto Rico Tuesday announced the largest public debt restructuring in US history, thanks to which the island has formally managed to avoid bankruptcy after a debt of US$ 70 billion seven years ago was beyond its repayment capacity.
Tuesday, March 15th 2022 - 09:50 UTC
Mercosur and associate members want fertilizers off Russia's sanctions list

Mercosur country members plus associate Chile and Bolivia (in the process of joining the block) want fertilizers excluded from the list of sanctions on Russia, according to Brazilian Agriculture minister Tereza Cristina da Costa Dias.
Tuesday, March 15th 2022 - 09:39 UTC
The IMF understanding does not solve Argentina's problems, “it's only a breathing space”

Gustavo Grobocopatel, one of Argentina's most successful farming businesspeople said that the understanding reached with the IMF does not solve the country's problems, IMF merely agreed “to kick the can down the road” and give Argentina time to change its production matrix.
Tuesday, March 15th 2022 - 09:38 UTC
Ecuadorian banana producers seek declaration of emergency

Ecuadorian banana producers in the coastal provinces of Guayas, Los Rios, and El Oro, have staged road blockades demanding the government to step in and purchase the surplus resulting from Russia's military operation in Ukraine.
Tuesday, March 15th 2022 - 09:37 UTC
PM Johnson hosted a roundtable of leaders in the UK’s offshore oil and gas industry

Prime Minister Boris Johnson hosted on Monday a roundtable of leaders in the UK’s offshore oil and gas industry today to discuss domestic energy security. This is part of a series of engagements by the Government across the UK’s energy sectors, including with renewable and nuclear companies in the coming days and weeks.
Tuesday, March 15th 2022 - 09:32 UTC
Three provinces concentrated 74% of Argentine US$ 78bn. exports in 2021

Three mainly agricultural provinces in Argentina, Buenos Aires, Santa Fe, and Córdoba accounted for 74% of the US$ 78 billion exported by the country in 2021, reported the National Institute of Statistics and Censuses (Indec).
Tuesday, March 15th 2022 - 09:31 UTC
Argentine FM lands financing deals for transition infrastructure

Argentine Foreign Minister Santiago Cafiero, who is on a Middle East official tour, Monday announced he had reached agreements worth over US$ 1 billion to finance infrastructure works regarding energy and climate change through 2023.