Economy

• 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.

• Tuesday, August 24th 2021 - 09:34 UTC

  IMF largest allocation of SDRs, US$650 billion comes into effect; Ms Georgieva calls for wise use of funds

  

  The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva announced on Monday the largest allocation of Special Drawing Rights (SDRs) in history—about US$650 billion— and described the operation as a significant shot in the arm for the world and, if used wisely, a unique opportunity to combat this unprecedented crisis.

• Tuesday, August 24th 2021 - 09:07 UTC

  First case of Delta variant in Argentine province of Mendoza spotted in woman who had been in Spain

  

  Just when the Government of Spain has decided to lift a mandatory quarantine for travellers arriving from Argentina and other countries in the region, the first case of the coronavirus Delta variant has been detected in Mendoza in a patient who had arrived from there.

• Saturday, August 21st 2021 - 09:20 UTC

  Investors wary of South American debt in local currencies

  

  South American debt in local currency has become a painful experience for international investors, with little signals of relief and reversal of the situation.