Economy

• Thursday, May 6th 2021 - 08:48 UTC

  Brazil's Central Bank ups basic interest rate to curb growing inflation

  

  In a move to curb growing inflation, Brazil's Central Bank Wednesday decided to raise the basic interest rate by 0.75 percentage points, to 3.5% per year. It was the second time in a row that the monetary authorities responded to this type of measure.

• Thursday, May 6th 2021 - 08:36 UTC

  London has a new, logical post-Brexit foreign ambassador

  

  The British government of Prime Minister Boris Johnson finally agreed to grant the representative of the European Union the diplomatic status held by all foreign ambassadors, which seemed natural after Brexit, but not for those who claimed the EU is not a nation-state.

• Tuesday, May 4th 2021 - 09:55 UTC

  Spanish Government pleads EU to speed up trade accords with Latin American partners to contain China's expansion

  

  Spanish Prime Minister Pedro Sánchez has petitioned the European Union to lift all barriers that prevent the bloc's trade agreement with Mercosur to become operational. Sánchez also requested similar action be taken in the cases of accords with Mexico and Chile.

• Tuesday, May 4th 2021 - 09:45 UTC

  CFK amazed at Biden plan's similarities with Argentina's economic policies

  

  Argentine Vice President Cristina Fernández de Kirchner (CFK) Monday was full of praise for US President's Joseph Biden's message before Congress, citing resounding Keynesian resemblances to her economic policies both in the current term since 2019 and also when she was President between 2007 and 2015.

• Tuesday, May 4th 2021 - 09:10 UTC

  Bolivia, Mexico agree to lift mutual visa requirement for short stays

  

  The governments of Bolivia and Mexico Monday announced they had agreed to lift the mutual visa requirement for citizens of either country wishing to travel to the other for stays of up to 180 days.

• Tuesday, May 4th 2021 - 08:50 UTC

  Uruguay: “Unicorn” dLocal eyes Wall Street and new Ford plant offers around 200 jobs to produce

  

  Uruguay's first “unicorn” (an emerging technology-based company worth over US $ 1 billion) local is reportedly planning to land on Wall Street, according to Bloomberg.

• Tuesday, May 4th 2021 - 08:43 UTC

  Colombian President Duque appoints new finance minister but unrest is far from under control

  

  Colombia's Finance Minister Alberto Carrasquilla turned in his resignation Monday President Iván Duque withdrew the controversial tax reform which triggered massive demonstrations nationwide, which have so far left 19 people dead.

• Monday, May 3rd 2021 - 09:29 UTC

  Former Brazilian President Temer highlights importance of ties with China

  

  Former Brazilian President Michel Temer has outscored the importance of his country's connections with China, which is their main export destination.

• Monday, May 3rd 2021 - 09:07 UTC

  Argentina's metallurgic industry back at pre-pandemic levels

  

  The Association of Metallurgical Industries of the Argentine Republic (Adimra) Sunday reported nationwide output had grown 24.9% in March of 2021, making it the seventh straight month in the upward direction.

• Monday, May 3rd 2021 - 08:45 UTC

  Foreign tourism in Chile drops 92.6% in first quarter of 2021

  

  Foreign tourism in Chile registered a 92.6% drop year-to-year in the first quarter of 2021, according to a study published Sunday bu the journal Barómetro del Turismo (Tourism Barometer), released by the government's Tourism Undersecretariat and the National Tourism Service (Sernatur).