Economy

• Monday, October 18th 2021 - 08:08 UTC

  China confirms its position as the main trade partner of Brazil

  

  Trade between Brazil and China surpassed the 2020 record during the first nine months of this year, with overall exchange reaching US$ 100bn. Total 2021 bilateral trade is expected to reach US$ 108bn.

• Sunday, October 17th 2021 - 08:05 UTC

  ILO insists world needs global accelerator for jobs as well as social protection

  

  International Labour Organization (ILO) Director-General Guy Ryder Friday called on countries to back the Global Accelerator for Jobs and Social Protection launched by UN Secretary-General Antonio Guterres together with the ILO, during last month's General Assembly.

• Saturday, October 16th 2021 - 09:50 UTC

  Mercosur: Argentina, Paraguay agree to review CET

  

  Argentine Foreign Ministers Santiago Cafiero Friday welcomed his Paraguayan counterpart Euclides Acevedo at the Palacio San Martín in Buenos Aires to discuss bilateral issues.

• Saturday, October 16th 2021 - 09:15 UTC

  Argentina has become a Chinese Yuan testing ground in trade and investment

  

  Following several currency swaps by which China has helped to support the Argentine central bank depleted international reserves, the administration of president Alberto Fernandez intensified relations with Beijing and a year ago allowed transactions between the two countries to be made in Yuan.

• Friday, October 15th 2021 - 09:30 UTC

  Argentina's Domestic Trade Secretary announces price freezing agreement to be policed by social and political organizations

  

  Argentina's newly-appointed Domestic Trade Secretary Roberto Feletti Thursday announced authorities would closely monitor compliance on the part of retailers regarding 1,247 food and other basic items made available at affordable prices until January 7, 2022.

• Friday, October 15th 2021 - 09:20 UTC

  IDB 2022 Annual Assembly to be held in Uruguayan resort of Punta del Este

  

  The Inter-American Development Bank (IDB) will hold its 2022 annual meeting of governors between March 17 and 20, 2022 at the most exclusive Uruguayan beach resort of Punta del Este, it was announced this week in Washington DC.

• Friday, October 15th 2021 - 01:27 UTC

  Bolsonaro now wants Petrobras privatized

  

  Brazil's President Jair Bolsonaro Thursday hinted he might put the national oil company Petrobras up for sale after being criticized for an increase in the price of fuel. During the 2018 presidential campaign, the retired Army Captain said he would only privatize it “if there was no other solution.”

• Thursday, October 14th 2021 - 21:34 UTC

  Fed minutes: tapering round the corner but inflation remains controversial

  

  The United States Federal Reserve is expected to begin cutting on emergency support for the US economy in mid-December at the latest, if not even in mid-November, according to the minutes from September's meeting released this week.

• Thursday, October 14th 2021 - 09:21 UTC

  Chilean central bank surprises markets, increases basic rate from 1,5% to 2,75%

  

  Given the latest spike of inflation in Chile which jumped 1,2% in September, the central bank council surprised markets by increasing the basic monetary lending rate 125 points, that is from 1,5% to 2,75%, the highest since 2001. The five-member Council decision was unanimous.

• Thursday, October 14th 2021 - 08:59 UTC

  Central Bank of Brazil takes action to reverse real shrinking

  

  Brazil's Central Bank Wednesday took an active role in the currency exchange market and sold US $ 1 billion to avoid a devaluation of the real, which has already lost a third of its value against the US dollar in 2021 alone