Economy

Saturday, April 24th 2021 - 07:02 UTC
Paraguay and South Korean finalize details for joint electric car parts production to start in 2022

Paraguay's Minister of Industry and Commerce (MIC) Luis Alberto Castiglioni Friday discussed with South Korean Ambassador To Asunción In Shik Woo the establishment of an Auto Parts Technology Center for electric cars in the South American country, which is due to commence in 2022 and last for about five years, it was reported.
Friday, April 23rd 2021 - 22:08 UTC
Uruguay's Central Bank concerned about growth projections for 2021 in coronavirus context

Uruguay's Central Bank Friday released its report for the first quarter of 2021 which highlighted the entity's concern regarding “three relevant risks” in a growth scenario of just 3.5% this year.
Friday, April 23rd 2021 - 09:20 UTC
Canadian bitcoin producer picks Argentina for new development

Canadian bitcoin miner Bitfarms has announced its plans to start operations in Argentina in early 2022, with a total of 55,000 machines, it was reported. The country emerged as a logical choice due to its relative low expenses in local pesos with all profits in bitcoin, analysts said.
Friday, April 23rd 2021 - 09:16 UTC
Tourism in South America will not bounce back at least until 2022

In the absence of foreign travellers from Europe, the United States, Canada or Japan, tourism in South America is unble to hide its fragility going through the coronavirus pandemic, which has caused a major drop in visitors, it was reported. And there's not a single sign of recovery before 2022, according to industry analysts.
Friday, April 23rd 2021 - 04:38 UTC
Brazil, Judge orders beaches and bars of Rio de Janeiro must go back to business as usual

The beaches of Rio de Janeiro were allowed to start welcoming visitors again since Wednesday, following a court order which found Mayor Eduardo Paes' ban was unconstitutional.
Wednesday, April 21st 2021 - 20:16 UTC
Paraguay redirects funds from binational electric plants to anticovid effort

Paraguayan President Mario Abdo Benítez wants funds belonging to both binational hydroelectric plants, namely Itaipú and Yacyretá, redirected to the anticovid-19 effort and has instructed Directors Manuel María Cáceres and Nicanor Duarte Frutos to proceed accordingly.
Wednesday, April 21st 2021 - 06:32 UTC
Colombia, South Korea strengthen bilateral relations during Seoul envoy trip to Bogota

During his Bogota stop, South Korea's First Vice Foreign Minister Choi Jong-Kun expressed his country's concerns over Japan's intentions to release the contaminated water into the Pacific Ocean from the wrecked Fukushima nuclear plant, the Asian nation's Foreign Ministry announced Tuesday in a statement.
Tuesday, April 20th 2021 - 15:02 UTC
Big Pharma companies gross 152bn dollars since the beginning of the pandemic

Despite setbacks with patients dying or suffering from undesired side effects which led to the suspension of some vaccines in various countries, the market value of pharmaceutical companies continues to rise, having amassed 152 billion US dollars in profits since the beginning of the coronavirus pandemic, it was reported.
Monday, April 19th 2021 - 21:41 UTC
Brazil's GDP on track to better results than expected

Brazil's Economic Activity Index (IBC-Br), released by the Central Bank and believed to be an omen of the country's Gross Domestic Product (GDP) rose 1.70% in February 2021, against January's figures, it was announced Monday.
Monday, April 19th 2021 - 10:24 UTC
Argentine officials rule out banning beef exports or setting quotas

Argentine beef industry sources quoted by local media Sunday announced the administration of President Alberto Fernández was not planning to ban beef exports or set up quotas, after announcing last week a series of measures to detect under-invoicing.