Economy

• Wednesday, March 3rd 2021 - 09:56 UTC

  Uruguayan president addresses Congress and anticipates a year of structural reforms

  

  Uruguayan president Luis Lacalle Pou addressed Congress on Tuesday to report on his first year and one day in office, underlining the extraordinary 2020 pandemic year which surprised the world, and Uruguay, but he also made several announcements referred to future activities and investments.

• Wednesday, March 3rd 2021 - 08:40 UTC

  Brazil's currency losing ground: central bank chief says it is not justified by economic fundamentals

  

  With public finances threatened, Brazil’s Real has suffered as investors adjust to changing liquidity conditions globally, but some of it has not been justified by economic fundamentals, central bank President Roberto Campos Neto said on Tuesday.

• Wednesday, March 3rd 2021 - 08:38 UTC

  Producer price inflation in Brazil anticipates Central bank will raise interest rates

  

  Brazil's statistics agency IBGE said on Tuesday the monthly rate of producer price inflation kicked off this year at its second highest, with prices rising across all 24 activities surveyed.

• Tuesday, March 2nd 2021 - 09:58 UTC

  Argentine president attacks opposition, Judiciary, media and economic powers

  

  In a defiant speech before the Legislative that launched the campaign for the October midterm elections, Argentine president Alberto Fernandez on Monday opened the 139th Congressional period of ordinary sessions with a barrage of attacks on the opposition, Judiciary, media and the concentrated economic powers.

• Tuesday, March 2nd 2021 - 09:54 UTC

  Bolsonaro promises to sign on Tuesday a decree suspending a tax on diesel to prevent a truckers strike

  

  Brazilian President Jair Bolsonaro said on Tuesday he would suspend a tax on diesel fuel, to try and placate truckers, but the government would instead hike taxes on banks to offset lost revenue.

• Sunday, February 28th 2021 - 11:21 UTC

  A million foreign workers are believed to have left Britain: reverse migration, lockdown, Brexit

  

  Foreign workers are leaving Britain at the fastest pace since World War II, presenting a challenge to an economy already roiled by Brexit and the coronavirus. London alone has lost 700,000 people over the last year, recent research suggests.

• Sunday, February 28th 2021 - 10:35 UTC

  Bolsonaro argues state controlled companies should fulfill a social function

  

  Brazilian President Jair Bolsonaro said that the country’s state-controlled companies should fulfill a social function and any different understanding by their chief executives was unacceptable.

• Sunday, February 28th 2021 - 10:11 UTC

  Caged cattle in a rogue vessel stranded in the Mediterranean will be sacrificed

  

  Some 864 head of cattle aboard the ship “Karim Allah” are to be sacrificed, Spanish authorities confirmed on Saturday, following days of controversy over the animals' health.

• Friday, February 26th 2021 - 13:54 UTC

  IMF admits discussions with Argentina continue but no meeting planned for May

  

  IMF has no date yet set for its next visit to Argentina to discuss replacement to a failed 2018 program, a spokesman for the Fund advanced on Thursday. The parties could next meet in Washington soon, as Argentine Economy Minister Martin Guzman will visit the U.S. capital next month, according to Buenos Aires sources.

• Friday, February 26th 2021 - 11:46 UTC

  WTO new chief admits reforming the dispute resolution body “won't be easy”

  

  Reforming the World Trade Organization’s paralyzed dispute-resolution body will be a key priority for the institution, but the process won’t be easy, incoming Director-General Ngozi Okonjo-Iweala said.