Economy

• Tuesday, August 17th 2021 - 11:15 UTC

  Uruguay central bank raises “price of money” reference from 4,5% to 5%

  

  The Uruguayan central bank following the meeting of its Copom, Monetary Policy Committee, decided last week to raise the basic monetary policy rate from 4,5% to 5%, in line with what has been happening in other central banks in the region.

• Tuesday, August 17th 2021 - 09:21 UTC

  Paraguayan Police takes action to clear roads besieged by striking truckers

  

  Paraguay's National Police Monday took action to clear the roads which were being blocked by striking lorries in Guairá and Alto Paraná, it was reported.

• Monday, August 16th 2021 - 19:48 UTC

  How a secret meeting in August 1971 transformed the global economy

  

  By Atish Rex Ghosh (*) - History is a confluence of underlying forces and specific triggering events. Think of the start of World War I: economic, imperial, and nationalistic tensions that had simmered for years exploded into open conflict when Archduke Franz Ferdinand’s motorcade took a wrong turn, putting him in the path of an assassin’s bullet.

• Monday, August 16th 2021 - 06:40 UTC

  Departure of foreign companies from Argentina and also from Brazil on the rise and with no end in sight

  

  Foreign companies keep leaving Argentina and claiming those moves are part of global strategies. Local analysts are reluctant to believe these explanations, but perhaps they would reconsider their stance if they see a similar exodus also taking place in Brazil.

• Friday, August 13th 2021 - 15:38 UTC

  Relief for Peruvian investors: orthodox central bank president remains in the post

  

  Julio Velarde will remain as president of the Peruvian Central Bank for another five years, the same job he has held since 2006, and is acknowledged as the man who helped stabilize the country's markets, with low inflation. The news should come as a relief for investors and holders of Peruvian bonds.

• Friday, August 13th 2021 - 09:37 UTC

  Argentina's inflation for July 2021 measured at 3%

  

  Argentina's Consumer Price Index (CPI-Cost of Living) increased 3% in July, according to a report from the National Institute of Statistics and Censuses (Indec) released Thursday.

• Thursday, August 12th 2021 - 14:31 UTC

  Some 2,5 billion tons of food goes to waste, WWF

  

  WWF and Tesco released Driven to Waste, a new report that quantifies the total amount of food lost on farms globally; revealing an estimated 2.5 billion tons of food goes uneaten around the world each year.

• Thursday, August 12th 2021 - 08:34 UTC

  South Korea/Mercosur round of trade talks at the end of the month

  

  South Korea wants to advance with trade negotiations with Mercosur. Discussions started back in 2018 and at the end of the month, a seventh-round is slated to take place.

• Tuesday, August 10th 2021 - 17:22 UTC

  Brazil protein giant JBS moves into the fish production industry

  

  Brazil's JBS, one of the world's largest protein processors with interests in three continents is moving into the fish industry following a deal for the purchase of Australia's salmon farming company Huon Aquaculture for the equivalent of US$ 315 million.

• Tuesday, August 10th 2021 - 08:06 UTC

  Toyota Argentina can't find 200 new workers who have finished secondary education

  

  Despite the pandemic, Toyota Argentina has become a success story. During 2020 it managed to keep production and this year it will have manufactured 140,000 Hilux and SW4 models, with a six months waiting list of customers, and negotiations with main offices in Japan for an investment to expand the plant in Zaraté, Buenos Aires province.