Economy

• Friday, July 23rd 2021 - 09:32 UTC

  “The cancer of Brazil is corruption... democracy is solid rock”, outgoing US ambassador

  

  Outgoing United States ambassador before Brazil, Todd Chapman said in an interview with O Estado de Sao Paulo that the threat of not holding elections in 2022, as expressed by some top officials from the president Jair Bolsonaro administration is not a serious problem. “Democracy is a solid rock in Brazil, the cancer is corruption”.

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• Thursday, July 22nd 2021 - 23:59 UTC

  Falklands' fishery exports to EU: small window opens but much negotiations still ahead

  

  James Wallace, CEO Fortuna Ltd., made the following comments regarding the European Union Council Regulation referred to Falkland Islands fishery exports to the EU. We welcome the publication today of Council Regulation (EU) 2021/1203 as regards autonomous union tariffs for certain fishery products (ATQ).

• Thursday, July 22nd 2021 - 09:46 UTC

  Argentina's economy continues to shrink, but some analysts see recovery imminent

  

  Argentina's Gross Domestic Product (GDP) has fallen 0.7% so far in 2021, which in addition to declines in 2018, 2019 and 2020, has led the country's economy to historic lows.

• Thursday, July 22nd 2021 - 09:00 UTC

  Former Argentine Economy Minister Sourrouille dies at age 80

  

  Former Argentine Economy Minister Juan Vital Sourrouille (1985-1989) has died because of colon cancer at the age of 80, it was reported.

• Tuesday, July 20th 2021 - 09:50 UTC

  Ushuaia satisfied with the resurgence of its fishing industry

  

  During the first half of the year, (Jan/Jun), 29,500 tons of fish products were landed at the port of Ushuaia which represents 53% over the same period a year (19,250 tons), according to the latest stats from Argentina's Fisheries Under Secretariat. Officials from Tierra del Fuego point out that much can be attributed to the fact that April 2020 was a “completely dead month”, because of the pandemic.

• Tuesday, July 20th 2021 - 09:39 UTC

  Forgotten Latin America; EU can ill afford to ignore its strategic importance

  

  By Ana Palacio (*) – The EU well knows that when it comes to expanding its influence within a country or region, China plays the long game. But China is also adept at identifying opportunities to make rapid progress, and Latin America’s escalating crises represent a golden one.

• Tuesday, July 20th 2021 - 09:25 UTC

  Patagonia lawmakers call for an end to export duties on fisheries produce, fruit, lamb and wool

  

  Argentina lawmaker from the province of Chubut, Gustavo Menna has called on the central government to eliminate export duties on fishery products, fruits, ovine meat and wool. The initiative was also drafted by lawmakers Lorena Matzen and Roxana Reyes from the provinces of Rio Negro and Santa Cruz.

• Monday, July 19th 2021 - 09:11 UTC

  OPEC and Russia+10 will increase output, 400,00 bpd, as of August first

  

  The world's leading oil-producing countries agreed on Sunday to continue with the gradual increase of output, 400,000 barrels per day, beginning August first, to help global economic recovery following the pandemic, according to a release from the group's meeting in Vienna.

• Monday, July 19th 2021 - 09:00 UTC

  Chile increases basic interest rate to 0,75%, working on a two year horizon

  

  Chilean Central Bank board members decided unanimously to increase the reference inter-bank interest rate some 25 base points to 0.75%, which represents the first rise in over two and a half years, given the improved economic prospects since the pandemic was triggered.

• Friday, July 16th 2021 - 09:47 UTC

  CPI climbs 3.2% in June in Argentina, 25.3% in first semester of 2021

  

  The Argentine Central Bank's monthly Survey of Market Expectations (REM) has matched the National Institute of Statistics and Census (INDEC) announcement Thursday of a 3.2% increase in retail prices nationwide.