Economy

• Monday, August 2nd 2021 - 08:13 UTC

  Paraguay stays “Ba1” according to Moody’s risk rating scale

  

  The risk assessment agency Moody's continued to give Paraguay a stable “Ba1” rating at the end of July, despite the current shaky coronavirus economic scenario.

• Saturday, July 31st 2021 - 10:00 UTC

  Gasoline goes up yet again in Uruguay

  

  The Government of Uruguay Friday announced an increase in the price of fuel as of July 31. It is the third rise in less than two months.

• Saturday, July 31st 2021 - 09:32 UTC

  “Only a miracle can save Argentina's economy,” says Brazilian President Bolsonaro

  

  Brazilian President Jair Bolsonaro has said in his social media broadcast that “only a miracle will save the Argentine economy,” as he referred to the administration of his colleague Alberto Fernández as “a regime that did not work anywhere in the world.”

• Saturday, July 31st 2021 - 09:20 UTC

  Port workers' strikes hinder Argentine exports of cereals

  

  With most Argentine ports along the Paraná river unoperational due to the historic downspout, Quequén, Necochea, and Bahía Blanca on the Atlantic coast would have become an alternative way out for agri-food exports had it not been for union strikes.

• Saturday, July 31st 2021 - 07:13 UTC

  Hard times for Argentine families to remain above the poverty line

  

  An Argentine standard family of two adults and two children needed the monthly equivalent of US$ 664 or US$ 380 (depending on the official or free money exchange market) to be considered above the poverty line during the month of June. July figures will be released in fifteen days.

• Saturday, July 31st 2021 - 06:56 UTC

  Russia plans to dominate Arctic sea routes with the largest fleet of icebreakers

  

  Hoping to develop the Northern Sea Route across the Arctic into an international shipping lane, Russia is building a group of icebreakers to be powered with liquefied natural gas.

• Friday, July 30th 2021 - 07:23 UTC

  Chinese investors eye Paraguay for Bitcoin production

  

  Paraguay is to receive large investments to install 500,000 Bitcoin miners, as at least eight Chinese economic groups have expressed their interest in relocating their operations to the South American country thanks to its favorable legislation.

• Thursday, July 29th 2021 - 07:58 UTC

  Fed leaves rates unchanged but admits inflation could force a change of policy

  

  The United States Federal Reserve kept interest rates unchanged, close to zero, despite an inflation spike during June when it soared to an annual 5,4%, its highest in thirteen years.

• Thursday, July 29th 2021 - 07:46 UTC

  Uruguay economy forecasted to grow 3,5% in 2021, with inflation above target, Central bank report

  

  The Uruguayan Central bank in its second-quarter Monetary Policy report forecasted a 3,5% expansion for the country's economy, the same as the estimate of the Finance ministry, but anticipated higher inflation because of an increase in public rates and commodities.

• Thursday, July 29th 2021 - 07:39 UTC

  Chilean agriculture short of manpower: some crops could remain without harvesting

  

  Chile's National Agriculture Society, SNA, has warned that up to 30% of crops could remain without harvesting because of a lack of manpower. SNA head Cristian Allendes participated in a conference on the labor problem and incentives to attract people to work in the fields, which was presented under the title of “How is the 2020/21 season coming along?”.