Economy

Monday, September 27th 2021 - 09:29 UTC
Argentina's revamped cabinet needs to lift cap on meat exports asap

Argentina's new Cabinet Chief Juan Manzur is said to be speeding up the path towards the lifting of caps on meat exports in an attempt to bring in hard currency as the government of President Alberto Fernández desperately tries to recover from defeat at Sept. 12's Mandatory, Simultaneous and Open Primary (PASO) elections.
Monday, September 27th 2021 - 08:54 UTC
Paraguayan meat production set to achieve historic profits in 2021

Paraguayan livestock traders foresee profits near the US $ 2 billion by the end of a most favourable 2021 for the activity, National Service for Animal Quality and Health (Senacsa) José Carlos Martín announced over the weekend in Asunción.
Monday, September 27th 2021 - 08:37 UTC
British gov't to offer 10,500 visas as shortage of workers hit post-Brexit country

The Government of British Prime Minister Boris Johnson has announced Saturday it would be offering 10,500 temporary visas in the absence of a foreign labour force that was forced to leave the country after it cut itself loose from the European Union in addition to travel restrictions stemming from the COVID-19 pandemic.
Saturday, September 25th 2021 - 09:31 UTC
Brazil expects to harvest a record 143,75 million tons of soybeans in 2021/22

With different climate prospects, clearly more positive than last season, Brazil expects to harvest in 2021/22 a new record of some 143,75 million tons of soybeans, according to a survey with information from the main sowing states.
Friday, September 24th 2021 - 18:27 UTC
Chinese financial move tumbles down cryptocurrencies

A regulatory decision Friday by The People’s Bank of China (PBOC) has led to a sharp fall in the price of cryptocurrencies such as Bitcoin and Ethereum, which have dropped over 6% and 10% respectively after bouncing back in previous weeks.
Thursday, September 23rd 2021 - 15:34 UTC
US Court backs DOC change of mind regarding Argentine biodiesel trade

The United States Court of International Trade Wednesday upheld tariffs or Argentine biodiesel which ensued a redefinition by the Department of Commerce which had at first stood against them.
Thursday, September 23rd 2021 - 09:52 UTC
Argentina makes payment to IMF and strives to stay afloat

While Argentine President Alberto Fernández described his country's situation facing the International Monetary Fund (IMF) as “decide” before the United Nations, a US 1,885 million dollar capital payment was made Wednesday to the global organization.
Thursday, September 23rd 2021 - 09:29 UTC
Relief in world markets, China's mega Evergrande will pay some of its debts

China's largest real estate group, Evergrande and on the brink of bankruptcy announced on Wednesday an agreement with a creditor to avoid the nonpayment of a bond that matured this Thursday. In a release to the Shenzhen stock exchange, its affiliate announced it had reached a plan to pay the bond's interests, (not capital) and of which markets feared the worst.
Wednesday, September 22nd 2021 - 09:20 UTC
OECD down plays impact of China's mega group Evergrande possible downfall

“We believe the Chinese authorities have the fiscal and monetary capacity to ”shock absorb“ giant real estate promoter Evergrande”, said OECD chief economist Laurence Boone.
Wednesday, September 22nd 2021 - 09:19 UTC
Argentine social organizations stage protest to demand minimum wage rise

Demonstrators from Argentine social organizations convened Tuesday at Buenos Aires' iconic Plaza de Mayo to demand a minimum wage increase, which in their view should be no less than AR $ 70,000 (US $ 378 at the unofficial exchange rate).