Economy

Wednesday, July 14th 2021 - 09:05 UTC
Brazilian President supports Cuban demonstrations, signs privatization of Eletrobras

Brazilian President Jair Bolsonaro Tuesday expressed his support for the Cuban people protesting against their living conditions under the Communist Government of Miguel Díaz-Canel.
Wednesday, July 14th 2021 - 09:00 UTC
Uruguay central bank leaves reference rate unchanged waiting for stronger recovery signals

The Uruguayan central bank is waiting for stronger signals of economic recovery before altering the current monetary policy, according to a release from the Monetary Policy Committee, Copom. In its third 2021 meeting, at the end of June, it ratified the current reference interest rate of 4,5% and anticipated it will wait for improved indicators from the pandemic battered economy.
Wednesday, July 14th 2021 - 08:59 UTC
US budget finances improving as labor market recovers and tax payments advanced two months

The United States government recorded a budget deficit of 174 billion dollars in June, which is approximately a fifth of the 864 billion dollars the same month a year ago. Recovery of the labor and jobs markets, together with an advanced deadline to pay taxes this year helped to achieve the positive tendency.
Wednesday, July 14th 2021 - 08:30 UTC
Volkswagen picks Uruguay to make e-cars Latin American landing

The traditional German automaker Volkswagen has chosen Uruguay as the first country in Latin America to receive its assortment of fully electricity-powered models, it was announced during a ceremony which was attended by President Luis Lacalle Pou.
Tuesday, July 13th 2021 - 09:05 UTC
Vote in parliament to reverse UK's decision to cut overseas aid

The British parliament will vote this Tuesday on a reverse decision to cut the United Kingdom's overseas aid. Chancellor of the Exchequer Sunak addressed a statement to parliament on Monday that the decision to limit foreign aid would be reversed once the UK no longer needs to borrow to fund daily needs and public debt begins to fall.
Tuesday, July 13th 2021 - 09:00 UTC
Latam expected to grow 5,2% this year but 2,9% in 2022: structural problems remain, ECLAC report

The Economic Commission for Latin America and the Caribbean (ECLAC) raised its average growth estimate for the region in 2021 to 5.2%, reflecting a rebound from the deep contraction of 6.8% registered in 2020 as a consequence of the adverse effects of the COVID-19 pandemic.
Monday, July 12th 2021 - 08:23 UTC
Brazil: São Paulo's elderly unable to cope with inflation, study shows

More than 50% of São Paulo's senior citizens interviewed during a survey have admitted they could not make ends meet.
Monday, July 12th 2021 - 05:09 UTC
FAO Food Price Index, down 2,55 in June but still 33.9% higher than a year ago

Global food commodity prices fell in June for the first time in 12 months, according to a benchmark United Nations report. The FAO Food Price Index averaged 124.6 points in June 2021, down 2.5% from May, but still 33.9% higher than its level in the same period last year. The decline in June marked the first drop in the Index following twelve consecutive monthly increases
Saturday, July 10th 2021 - 09:15 UTC
Argentine Economy Minister wants common tax on multinational companies higher than 15%

Argentina's Economy Minister Martín Guzmán Friday requested that a global tax to be applied to multinational companies was higher than the 15% put forward by the Organization for Economic Cooperation and Development (OECD).
Friday, July 9th 2021 - 09:55 UTC
Uruguay insists it has no intention of infringing Mercosur rules, just increasing trade opportunities

The Mercosur trade block, now under the chair of Brazil for the next six months, will be facing one of its most significant potential disruption challenges after the virtual summit with the presidents of the four founding members openly exposing their differences, despite a limited coverage of the event.