Economy

• Friday, September 10th 2021 - 09:25 UTC

  Argentina heads to the primary election with almost record country risk and the US dollar at 186 Pesos

  

  As a direct consequence of political uncertainty ahead of the primary elections to be held by the different Argentine political parties on Sunday, the US dollar in the black market climbed 5 Pesos during the first seven working days of September, reaching 187 Argentine Pesos.

• Thursday, September 9th 2021 - 09:55 UTC

  Brazil terminates bilateral shipping agreements with Argentina and Uruguay

  

  Brazil's President Jair Bolsonaro has decided to terminate both bilateral maritime transport agreements with Argentina and Uruguay, it was announced.

• Thursday, September 9th 2021 - 09:44 UTC

  Brazilian Supreme Judges react to Bolsonaro and call for his impeachment; markets plunge

  

  The leading index of Sao Paulo's stock exchange Bovespa dropped on Wednesday 3,78% to 113,413 points in reaction to Tuesday's “anti-democratic” speeches from Brazilian president Jair Bolsonaro, and his attacks on the Federal Supreme Court, STF, precisely on Tuesday 7 September, Independence Day.

• Thursday, September 9th 2021 - 09:26 UTC

  Truckers support Bolsonaro, block many roads all across Brazil

  

  Brazilian lorry drivers were placing their vehicles to block the country's main roads in the sign of protest as well as in support of President Jair Bolsonaro after Tuesday's speeches during the Independence Day celebrations.

• Thursday, September 9th 2021 - 09:24 UTC

  Ecuador and IMF reach agreement for disbursement of frozen US$ 6bn funds

  

  Ecuador and the International Monetary Fund, IMF, finally reached a technical agreement involving 6 billion US dollars, according to the country's economy minister Simon Cueva. The accord must still be approved by the IMF governing board but will unblock “international funds”, which have been frozen for months.

• Thursday, September 9th 2021 - 08:50 UTC

  British Pavilion in Expo Prado focuses on climate change; Falklands stand promotes trade and tourism

  

  The British Embassy will be present at the Uruguayan Expo Prado 2021 for the eighth consecutive year with a pavilion focused on promoting different initiatives to help combat climate change. In November this year, the UK will host the United Nations Climate Change Conference, COP26, in Glasgow, Scotland.

• Wednesday, September 8th 2021 - 09:55 UTC

  Uruguay brokers one-on-one free trade deal with China hoping it will not affect Mercosur

  

  Uruguay's President Luis Lacalle Pou Tuesday announced his country had begun negotiations with China to reach a Free Trade Agreement (FTA), which has been regarded as the beginning of the end of Mercosur.

• Wednesday, September 8th 2021 - 08:52 UTC

  Brazilian industry in bilateral trade talks with UK, wants to include Mercosur

  

  The Brazilian National Confederation of Industry, CNI, has launched a Brazil/UK Task Group to explore and identify trade and investment opportunities in both countries, as part of the UK initiative to increase and open markets in the post-Brexit scenario.

• Wednesday, September 8th 2021 - 08:18 UTC

  Brazil's 'mad cow's care over; China willing to continue purchasing beef

  

  The quick reply from the World Animal Health Organization, OIE, acknowledging that the two cases of 'mad cow' reported in Brazil were atypical and China's willingness to accept the diagnosis, according to the Brazilian Ministry of Agriculture should strongly mitigate the impact on beef exports to China and Hong Kong.

• Monday, September 6th 2021 - 09:48 UTC

  Macri, “in Argentina if your want to make money, you must avoid paying taxes”

  

  Argentine former president Mauricio Macri in the midst of the campaign for next Sunday's political parties primary admitted during a television interview that “we are living in a country where if you want to make money, you must avoid taxes”