Economy

Monday, May 3rd 2021 - 09:07 UTC
Argentina's metallurgic industry back at pre-pandemic levels

The Association of Metallurgical Industries of the Argentine Republic (Adimra) Sunday reported nationwide output had grown 24.9% in March of 2021, making it the seventh straight month in the upward direction.
Monday, May 3rd 2021 - 08:45 UTC
Foreign tourism in Chile drops 92.6% in first quarter of 2021

Foreign tourism in Chile registered a 92.6% drop year-to-year in the first quarter of 2021, according to a study published Sunday bu the journal Barómetro del Turismo (Tourism Barometer), released by the government's Tourism Undersecretariat and the National Tourism Service (Sernatur).
Saturday, May 1st 2021 - 09:57 UTC
Argentine President Fernández extends current covid-19 restrictions until May 21

Argentine President Alberto Fernández Friday announced the current restriction on the circulation of people in the Buenos Aires Metropolitan Area (AMBA) was being extended until May 21.
Saturday, May 1st 2021 - 08:04 UTC
US dollar stays on a slump in Uruguay

The US dollar kept its downward trend against the Uruguayan peso Friday, closing at US $ 1 = UR $ 43.8 for interbank operations, it was reported. In Brazil, the exchange rate fell 0.7% Friday and stood at 5.44 R$ per dollar.
Friday, April 30th 2021 - 08:20 UTC
Paraguay finds new markets for meat and plastic products

Paraguay has exported US $ 426,223 worth of meat, plastic and aluminium to new markets in the region and Europe in the first quarter of 2021, it was reported Thursday.
Wednesday, April 28th 2021 - 09:58 UTC
Piñera's future in suspense after Constitutional Court ruling regarding pension funds

Chile's Constitutional Court (TC) rejected on Tuesday a request by the government of Sebastián Piñera seeking to disapprove of a constitutional reform that Congress passed into law for a third withdrawal of 10 per cent of the pension funds.
Wednesday, April 28th 2021 - 09:53 UTC
Wealth tax returns twice as much as expected in Bolivia

Bolivian President Luis Arce announced on Tuesday his country's tax bureau had collected twice as much as originally estimated through the “very rich tax.”
Monday, April 26th 2021 - 09:03 UTC
Venezuela remains the most “miserable” country - Argentina not far behind

Venezuela easily held to the dubious honour of being at the top of the list of the 2020 Global Economic Misery Index, while Argentina was merely seven notches behind.
Monday, April 26th 2021 - 08:38 UTC
Bolivia's YPFB eyes oil income of US $ 1,900 million for this year

Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) CEO Wilson Zelaya announced the state-run company projected an oil income above 1,900 million US dollars for the year 2021, which would represent a 35% growth compared to 2020.
Saturday, April 24th 2021 - 09:08 UTC
Apple retailer iPlace lands in Montevideo thanks to better tax conditions than those in Argentina

Apple's largest retailer in South America, iPlace, which is present in 27 Brazilian states has landed this week in Uruguay. The company iPlace chose Montevideo to start its international expansion to be able to keep an eye on the Argentine market thanks to its geographical proximity, iPlace CEO Matheus Mundstock explained.