Economy

• Thursday, September 26th 2024 - 10:53 UTC

  Argentina's economy keeps falling, Indec report shows

  

  Argentina's National Institute of Statistics and Census (Indec) Wednesday released a report showing that the economic activity in the South American country fell by 1.3% year-on-year in July.

• Thursday, September 26th 2024 - 10:34 UTC

  Slight increase in Uruguay's unemployment reported

  

  According to a report from Uruguay's National Statistics Institute (INE) released in Montevideo Wednesday, unemployment in the South American country stood at 8.4% of the economically active population in August, which represented a slight setback from July's 8.3%.

• Wednesday, September 25th 2024 - 15:02 UTC

  Paraguay ambitious project to increase exports to UK

  

  Mercosur partner Paraguay, with a most disfavorable trade balance with UK is planning an ambitious project to enable the country in a few years reach an export bill of some US$ 900 million annually.

• Wednesday, September 25th 2024 - 14:46 UTC

  Falklands: Consultation on National Minimum Wage accommodation regulation

  

  Following approval at Executive Council on Tuesday 27 August, the Falkland Islands Government is holding a public consultation from this week to Tuesday 22 October 2024, on the Minimum Wage Accommodation offset rate.

• Wednesday, September 25th 2024 - 11:56 UTC

  Argentina to no longer remain neutral, Milei tells UN

  

  Argentine President Javier Milei Tuesday told the United Nations General Assembly in New York that his country would be dropping its traditional neutrality and taking sides in ongoing conflicts. He also said the global organization was seeking to “impose an ideological agenda” instead of “pursuing peace” in the world by allowing “bloody dictatorships” in.

• Monday, September 23rd 2024 - 13:47 UTC

  French shipping giants to buy over Brazilian port of Santos' container terminal

  

  Brazil's Opportunity investment group reached an understanding with French giants CMA CGM for the sale of its stake in the Brazilian Port Terminal of Santos (STBP3), it was announced late Sunday.

• Monday, September 23rd 2024 - 08:31 UTC

  Falklands Pound among the ten world oldest currencies still circulating

  

  The Falkland Islands pound is listed among the top ten oldest currencies still circulating in the world with the pound Sterling leading the ranking, having taken off back in the Middle Ages sometime in the 800s, according to the World of Statistics.

• Saturday, September 21st 2024 - 10:31 UTC

  Buenos Aires holds talks with Gol regarding Aerolineas Argentinas' future

  

  Argentina's Cabinet Chief Guillermo Francos and Economy Minister Luis Toto Caputo met Friday with representatives from the Brazilian airline Gol to discuss the possible handover of Aerolíneas Argentinas operations amid threats of additional strikes by pilots and cabin crewmembers. Earlier this month, some 37,000 travelers were affected by the protests seeking wage increases to cope with inflation.

• Friday, September 20th 2024 - 09:34 UTC

  Unemployment keeps growing in Argentina

  

  According to a report from Argentina's National Institute of Statistics and Census (Indec), unemployment in the South American country reached 7.6 % in the second quarter of 2024. The figures were consistent with the 7.7% recorded in the previous trimester but represented a sharp interannual deterioration from the 6.2% during the same period of 2023.

• Thursday, September 19th 2024 - 08:00 UTC

  Brazilian central bank raises Selic rate to 10,75%, fearing inflation resurgence

  

  While the United States Federal Reserve decided to cut its reference interest rate arguing inflation was under control, Brazil's Central Bank decided the opposite and actually hiked 25 bases point its already high Selic benchmark from 10,50% to 10,75%.