Economy

• Tuesday, August 31st 2021 - 09:45 UTC

  Mercosur meat exports facing shortage of containers and regular vessels

  

  Disruptions of global maritime transport and major rivers struck by insufficient water flow to allow vessels to navigate are threatening beef exports Mercosur, including Brazil, Uruguay and Paraguay, when prices for food commodities are rising all over the world.

• Tuesday, August 31st 2021 - 09:08 UTC

  Brazil confident soybeans harvest will confirm it continues as the world's leader in the oilseed production

  

  Brazil's National Supply Company, Conab, anticipated forecasts for the coming grains and oilseeds season 2021/22. The soy crop is expected to reach some 141,26 million tons or a 3.9% increase over the current harvest.

• Monday, August 30th 2021 - 09:17 UTC

  Pandemic, unemployment and inflation increasing Brazilian families debts

  

  The percentage of Brazilian indebted families reached 72,9% in August, considered a new record and a direct consequence of the economic hardships because of the pandemic, unemployment and inflation, according to a release from the National Confederation of Retail, Services and Tourism, CNC.

• Monday, August 30th 2021 - 08:14 UTC

  Chilean central bank expected to hike the basic rate 25 points to 1%

  

  The Chilean central bank made public on Friday its latest Survey of Financial Operators, ahead of the Monetary Policy meeting scheduled to take place next Tuesday when most market analysts anticipate the bank will decide on a 25 points increase to its basic Monetary Policy rate from 0,75% to 1%.

• Monday, August 30th 2021 - 07:23 UTC

  US markets at new highs, following on the Fed's chair announcement

  

  Wall Street climbed on Friday while S&P and Nasdaq reached new historic highs for the fourth time in the week following on statements from Fed chairman Jerome Powell at the Jackson Hole symposium when he anticipated a moderate, non-aggressive calendar reduction in the purchase of bonds.

• Saturday, August 28th 2021 - 08:59 UTC

  Argentine intercity bus drivers go on strike for the entire weekend

  

  Argentine intercity bus drivers have gone on a 72-hour nationwide strike from Friday through Monday to demand better wages and labour conditions as well as overdue salaries.

• Thursday, August 26th 2021 - 11:55 UTC

  Falkland’s ExCo agrees to proceed with improved ITQ scheme

  

  Yesterday the Executive Council (ExCo) approved the referral of the Fisheries (Conservations and Management) (Amendment) Bill 2021 to the Legislative Assembly next month.

• Thursday, August 26th 2021 - 09:45 UTC

  Uruguayan meat exports surpass Argentina's thanks to restrictions

  

  Restrictions on meat exports imposed on producers by the Argentine administration of President Alberto Fernández, in a failed attempt to curb domestic prices, have led the country to lose ground to Uruguayan and Paraguayan competitors, Infobae reported Wednesday.

• Thursday, August 26th 2021 - 09:08 UTC

  “Mercosur needs urgent modernization” and Brazil can't be prisoner of an institutional accord

  

  Brazilian Economy minister Paulo Guedes told Congress that Mercosur no longer has for Brazil the same importance it had when it was launched, a kind of jumping board for the country to advance in competition terms.

• Thursday, August 26th 2021 - 08:21 UTC

  Bolsonaro mandates Brazilian federal gov't agencies to cut down electricity consumption

  

  Brazil's President Jair Bolsonaro has issued a decree ordering all federal agencies to cut down electricity consumption between 10 and 20% from September to April 2022, in the face of an unprecedented shortage in supply from less expensive sources.