Economy

• Friday, October 29th 2021 - 09:00 UTC

  Argentine Central Bank wants tourists to exchange money through formal channels

  

  As borders are about to reopen and tourists are expected to pour in, Argentine authorities have devised a mechanism whereby foreigners may exchange currency (US dollars) at a rate closer to the unofficial (“blue”) one.

• Friday, October 29th 2021 - 08:45 UTC

  Argentina: Paraguayan guaraní becomes hard currency in the absence of US dollar bills

  

  The demand for Paraguayan guaranís in the Argentine province of Misiones has been developed as desperate locals are unable to find US dollar bills with which to protect their savings from rampant devaluation and growing inflation, it was reported.

• Thursday, October 28th 2021 - 09:55 UTC

  Brazil's Central Bank increases Selic rate above expectations

  

  Brazil's Central Bank (BCB) Monetary Policy Committee (Copom) decided once again Wednesday to increase the basic Selic interest rate from 6.25% to 7.75% annually, in what turned out to be the sharpest rise since December 2002, it was announced.

• Thursday, October 28th 2021 - 09:20 UTC

  COP26 Finance Delivery Plan still short of the US$ 100bn agreed by developed countries

  

  The UK COP26 Presidency has published a Climate Finance Delivery Plan to provide clarity on when and how developed countries will meet the US$ 100 billion climate finance goal pledged.

• Thursday, October 28th 2021 - 09:08 UTC

  France takes action against British trawlers as tension escalates

  

  French naval authorities have detained one British trawler and issued a verbal warning against another for operating off its coast, the Maritime Ministry announced.

• Wednesday, October 27th 2021 - 09:40 UTC

  Future US Ambassador to Buenos Aires says Argentina needs an economic plan

  

  Marc R. Stanley, the man chosen by US President Joseph Biden to become the next Ambassador to Buenos Aires, Tuesday said at his confirmation hearing before the Senate that the South American country needs an economic plan regarding its foreign debt.

• Tuesday, October 26th 2021 - 20:05 UTC

  Bright future ahead for Paraguay's economy

  

  Paraguay's Treasury Monday forecast economic growth of 4.5% by the end of 2021, it was announced.

• Monday, October 25th 2021 - 22:03 UTC

  Fuel goes up in Brazil amid international surge in crude oil

  

  Brazil's oil company Petrobras Monday decreed an increase in the price of gasoline of 7.04% at refineries and 9.15% in the case of diesel fuel, it was announced. These adjustments were to impact the price consumers pay at pumps as of Tuesday.

• Saturday, October 23rd 2021 - 09:55 UTC

  Brazilian financial markets get shaky after Bolsonaro insists on increasing social spending

  

  Brazil's President Jair Bolsonaro Friday insisted he would not take any adventurous steps as he expressed his full support for Economy Minister Paulo Guedes amidst a rocking financial market.

• Saturday, October 23rd 2021 - 09:34 UTC

  Brazil's Guedes pushing for higher interest rates to contain inflation

  

  Brazilian orthodox Economy minister Paulo Guedes has not resigned and has no intention of resigning despite the fact he will have to live with the exceptional expenditure of some 45bn Reais, as part of the Auxilio Brazil support program for vulnerable families and president Jair Bolsonaro's 2022 reelection plan.