Economy

• Wednesday, October 20th 2021 - 22:55 UTC

  New world record for cryptocurrencies as Bitcoin soars past US $ 65,000

  

  Bitcoin, the world's most famous cryptocurrency, Wednesday set a new record as it breezed past the US $ 65,000 threshold at 9:43 a.m. Eastern time to ultimately reach the US $ 66,900 about an hour later, it was reported.

• Wednesday, October 20th 2021 - 09:25 UTC

  Brazilian markets plummet on new money support program that ignores budget expenditure cap

  

  Contrary to optimism in world markets, shares in Brazil dropped 3,28% on average following news of a new “Brazil Auxilio” program intended to give monetary support to some 17 million families described as vulnerable or suffering the consequences of Covid-19. But to achieve this the budget cap on expenditure must be violated or hidden behind some accounting cosmetics.

• Wednesday, October 20th 2021 - 09:20 UTC

  Argentine food prices grow below overall inflation

  

  Argentina's basic food basket rose 3.2% in September, according to data released Tuesday by the National Institute of Statistics and Census (Indec).

• Wednesday, October 20th 2021 - 09:05 UTC

  Brazil impatient as China has yet to return to purchase beef

  

  Brazil's minister of agriculture and livestock Tereza Cristina has sent a letter to the head of Beijing's Customs office in which she expresses her willingness to discuss the current ban on Brazilian beef exports to China, according to farm media.

• Tuesday, October 19th 2021 - 09:25 UTC

  Argentine Government extends tax benefits to Tierra del Fuego

  

  The Argentine government of President Alberto Fernández has extended the so-called industrial promotion regime for the Province of Tierra del Fuego, Antarctica and South Atlantic Islands (which technically includes British Overseas Territories like the Falkland Islands claimed by Argentina), it was announced.

• Tuesday, October 19th 2021 - 08:36 UTC

  Pig production recovers in China and pork prices fall

  

  Pork production in China soared in the third quarter of this year, according to official data released on Monday, as big farming businesses built huge industrial breeding establishments last year to recover the swineherd hit by the deadly African swine fever.

• Tuesday, October 19th 2021 - 08:20 UTC

  Gold booms in Argentine province of Salta

  

  Despite economic shortages stemming from sanitary restrictions in force during most of 2020 and 2021 amid the COVID-19 pandemic, gold has managed to become the second most exported product in the Argentine province of Salta, a study showed.

• Monday, October 18th 2021 - 23:59 UTC

  Brazil, Uruguay FMs stay mum after Montevideo meeting: rumors soar

  

  Silence prevailed Monday in Montevideo after Uruguay's Foreign Minister Francisco Bustillo Monday welcomed his Brazilian counterpart Carlos França to discuss bilateral issues, particularly a possible 10% reduction of Common External Tariffs among Mercosur members.

• Monday, October 18th 2021 - 10:05 UTC

  Buenos Aires key to the region's future, says Pepe Mujica

  

  Former Uruguayan President José “Pepe” Mujica said this weekend in a newspaper interview that the future of the River Plate area was at stake and it hinged on whatever happens in the Argentine capital.

• Monday, October 18th 2021 - 10:01 UTC

  Lula must appease markets or risk his presidential chance, point out advisors

  

  Brazilian former president Lula da Silva is preparing to “build bridges” with the business community to appease markets and economic agents, given some of his latest statements criticizing policy decisions from the current administration of president Jair Bolsonaro.