Economy

• Thursday, June 24th 2021 - 03:04 UTC

  Dollar skids as Fed officials testify that stimulus tightening is “still quite a way off”

  

  With U.S. Federal Reserve officials including Chair Jerome Powell reaffirming that tighter monetary policy was still some way off, the US dollar slipped against major peers on Wednesday.

• Wednesday, June 23rd 2021 - 09:46 UTC

  Argentina skips default thanks to agreement with Paris Club

  

  Argentina's Economy Minister Martín Guzmán Tuesday announced that the Paris Club had agreed to give his country until March 31, 2022, to pay the US $ 430 million in instalments while the rest of the debt is renegotiated.

• Wednesday, June 23rd 2021 - 09:17 UTC

  Mercurial Bitcoin comes back from below US $ 30,000 but future remains uncertain

  

  Cryptocurrency investors could breathe again Tuesday after Bitcoin first fell below US $ 30,000 for the first time in five months, but eventually managed to rebound up to over US $ 32,000.

• Wednesday, June 23rd 2021 - 08:59 UTC

  Brazilian Government announces increased funding for agribusiness

  

  The Government of Brazilian President Jair Bolsonaro Tuesday launched what was called “The Harvest Plan 2021/2022” for which funding worth R$ 251.2 billion (US $ 50.6 billion) for national agribusiness was allocated.

• Wednesday, June 23rd 2021 - 06:42 UTC

  Argentina expects a 19 million tons 2021/22 wheat harvest, with 12 million tons for export

  

  Argentine wheat exports should reach 12 million tons in the 2021/22 winter harvest, according to a new estimate released by the Buenos Aires Cereals Exchange. If confirmed, the volume, the highest since 2016/17, will be 26.3% above this season's production.

• Tuesday, June 22nd 2021 - 09:33 UTC

  OECD's May report foresees 5.8% growth for 2021

  

  The world's economy is forecast to grow 5.8% in 2021, according to the Organization for Economic Cooperation and Development (OECD), “Economic prospects: an unusual recovery. Navigating towards the transition,” it has been announced.

• Monday, June 21st 2021 - 09:40 UTC

  Argentine freezes meat prices, exports to resume next week but not of all cuts

  

  Argentine Minister of Productive Development Matías Kulfas Sunday admitted the administration of President Alberto Fernández plans to both ban exports of the beef cuts most coveted by local consumers and freeze domestic prices until late this year.

• Saturday, June 19th 2021 - 12:15 UTC

  Brussels drops tariffs for 75,000 tonnes of Falklands squid

  

  The European Commission has reached an agreement to allow 75,000 tonnes of Falklands loligo to be imported tariff-free into the European Union, according to reports in Galician daily Faro de Vigo.

• Friday, June 18th 2021 - 09:46 UTC

  Argentina hopes to resume beef exports next week

  

  Argentina's Minister of Productive Development, Matías Kulfas, Thursday said meat exports are to resume next week after details to ensure proper supply to local consumers are fine-tuned.

• Friday, June 18th 2021 - 09:35 UTC

  Interest rates in Brazil need to stay high to contain 2022 inflation, former minister says

  

  Former Brazilian Finance Minister Maílson da Nóbrega (Jan. 6 1988 - March 18, 1990) under President José Sarney has pointed out that the country needs to keep interest rates at a high level at least until the Selic rate reaches 6.5% per year.