Economy

• Wednesday, June 30th 2021 - 09:23 UTC

  Unemployment crosses double-digit psychological threshold in Uruguay

  

  Uruguay's unemployment rate rose from 9.7% in April to 10.2% at the end of May, which marked a return of the index to double-digit figures, according to a monthly report released Tuesday by the National Institute of Statistics (INE).

• Wednesday, June 30th 2021 - 09:13 UTC

  Floods and droughts mean yearly losses worth US $ 1 billion for Argentina, says World Bank

  

  A new report titled “Impact of Climate Crisis on Poverty and the Argentine macroeconomy” points out the serious consequences of the impact of climate change on the Argentine economy, mainly due to losses caused by floods and droughts, the World Bank announced Tuesday.

• Wednesday, June 30th 2021 - 09:09 UTC

  Argentina's economy keeps falling, INDEC data shows

  

  Economic activity in Argentina fell 1.2% monthly in April and accumulated three months of decline, according to data released Tuesday by the National Institute of Statistics and Census (INDEC).

• Tuesday, June 29th 2021 - 09:20 UTC

  Argentina falls down to worst place to be during pandemic according to Bloomberg ranking – US the best

  

  The United States is now the best country to be during the coronavirus pandemic while Argentina is the worst option, according to a list of 53 nations reviewed by economy media outlet Bloomberg released Monday.

• Monday, June 28th 2021 - 09:07 UTC

  UK suspends one of the world's largest cryptocurrency platforms

  

  The United Kingdom's Financial Conduct Authority (FCA) has issued a note dated June 25 announcing the suspension of Binance Markets Ltd and warned customers the platform was falling under tighter scrutiny worldwide.

• Friday, June 25th 2021 - 17:45 UTC

  Argentine shares on Wall Street plummet following MSCI downgrading

  

  Friday dawned in Wall Street with the news that MSCI had decided to demote Argentina's economy two notches, from Emerging to Stand Alone and what Buenos Aires analysts feared by Thursday evening has become true.

• Friday, June 25th 2021 - 16:09 UTC

  Argentina downgraded to “independent market” in MSCI ratings

  

  MSCI, formerly Morgan Stanley Capital International, a US company that measures stock performances worldwide to advise potential investors on their decisions, has removed Argentina from their various listings and added it to the dishonourable category of “stand-alone” economies.

• Thursday, June 24th 2021 - 09:22 UTC

  Uruguay's blooming economy shows covid-induced setback

  

  Uruguay's Gross Domestic Product (GDP) fell 2.8% in the first quarter of 2021 compared to the same period of 2020, according to a Central Bank (BCU) report released Wednesday.

• 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.