Economy

• Wednesday, August 30th 2023 - 08:02 UTC

  Brazil closely monitoring evolution of Chinese economy: real estate sector linked to iron ore exports

  

  Brazil is keeping close track of events and performance of the Chinese economy, particularly those areas that might have an impact on the exports of the leading and largest South American economy.

• Tuesday, August 29th 2023 - 10:30 UTC

  Uruguayan businessmen concerned over shopping trips to Argentina

  

  Uruguayan businessmen have expressed their concern after over 100,000 residents crossed the border over to Argentina during the three-day Aug. 25 Independence Day long weekend to capitalize on a favorable exchange rate, it was reported on both shores.

• Tuesday, August 29th 2023 - 10:02 UTC

  Brazil: Temporary tax on the super-rich enacted

  

  Brazilian President Luiz Inácio Lula da Silva Monday enacted a provisional measure (MP) providing for the collection of taxes of between 15% and 20% on exclusive funds with a single shareholder, Agência Brasil reported.

• Tuesday, August 29th 2023 - 09:41 UTC

  New financing deal reached for trade between Argentina and Brazil

  

  Argentina's Economy Minister and presidential candidate Sergio Massa Monday announced after a meeting with his Brazilian colleague Fernando Haddad and with President Luiz Inácio Lula da Silva that an agreement had been reached to finance imports worth US$ 600 million, among other achievements.

• Tuesday, August 29th 2023 - 09:17 UTC

  Paraguayan banana exporters concerned over Argentina not paying for shipments

  

  Paraguayan banana exporters met Monday in Asunción with Foreign Minister Rubén Ramírez Lezcano to seek help from the government in order to collect the debt from Argentine buyers who are behind in their payments of some US$ 6 million, it was reported. The producers fear the problem might get worse if no action is taken.

• Tuesday, August 29th 2023 - 06:55 UTC

  Panama Canal restrictions expected to last for at least ten months; large containers to reroute to Suez Canal

  

  Global shipping has been urged to share transit plans at one of the world’s key maritime crossings following on Panama Canal Authority officials warning that water-conserving restrictions will be in place for at least the next 10 months, given this year's unprecedented drought which Panama is experiencing.

• Tuesday, August 29th 2023 - 06:28 UTC

  Chile expects a larger cherry harvest this season and increasing exports 20% is the goal

  

  Spring and summer are coming to the southern hemisphere and the Chilean Fruit Exporters Association, Asoex, anticipated that with the new season, the country can comfortably target a 20% target increase for Chilean cherries, (November to February).

• Tuesday, August 29th 2023 - 06:25 UTC

  Argentina has a medium term lithium export annual target of 400,000 tons

  

  Lithium exports from Argentina are poised to increase in the coming years, specifically from 34,000 tons to 400,000 tons of lithium carbonate, as mentioned by the Mining Secretary, Fernanda Ávila in Buenos Aires.

• Monday, August 28th 2023 - 11:29 UTC

  IMF report on Argentina calls for further expenditure control

  

  The latest International Monetary Fund (IMF) report on Argentina highlighted that the targets for reserve accumulation, fiscal deficit, and monetary financing of the deficit were missed “by wide margins.” As a result, imbalances have increased, so “further expenditure control will be needed throughout the election period.” The 1.9% GDP fiscal deficit target remained unchanged.

• Monday, August 28th 2023 - 09:00 UTC

  BRICS is the future, Bolivian FM says

  

  Bolivian Foreign Minister Rogelio Mayta insisted Sunndnay that his country was looking out “to the future and the future is BRICS,” the bloc made up of Brazil, Russia, India, China, and South Africa, to which six new members including Argentina will join effective Jan. 1, 2024.