Economy

• Wednesday, May 4th 2022 - 22:07 UTC

  Uruguay's inflation stable in April but still above target figures

  

  Uruguay's interannual inflation during the month of April of 2022 reached nearly 9.4%, as prices rose below projections thanks to sharp decreases in fruits, vegetables, and meat.

• Wednesday, May 4th 2022 - 10:43 UTC

  Brazilian Foreign Minister met with his Uruguayan counterpart to discuss the “flexibilization” of Mercosur

  

  Uruguayan Foreign Minister Francisco Bustillo received on Tuesday his Brazilian counterpart Carlos França at the headquarters of the Ministry of Foreign Affairs in Montevideo to discuss, among other issues, Mercosur's flexibilization and the reduction of the common external tariff.

• Wednesday, May 4th 2022 - 09:58 UTC

  Chilean president rejects a chronic dole claimers system; mentions the Argentine example

  

  Chilean president Gabriel Boric did not have kind words for Argentina's social relief policy when explaining how his administration was going to address support policies in the post-pandemic period and current global war situation, propping the economy and creating jobs.

• Wednesday, May 4th 2022 - 09:04 UTC

  Beijing boasts Chinese companies purchase Russian coal and oil paying with Yuans

  

  Several Chinese companies purchased Russian coal paying in Chinese currency in March, and the first shipment would be made in April, according to Fenwei Energy Information Service Co., China’s leading information and service provider to the coal and coke industries. This is also the first shipment of Russian commodities paid in Yuan to arrive in China after Russia was sanctioned by Western countries.

• Tuesday, May 3rd 2022 - 09:55 UTC

  Argentina's Economy Minister in President Fernández's Achilles tendon

  

  As Argentina's inflation continues to grow with no end in sight and the news is that guidelines agreed upon with the International Monetary Fund (IMF) already need to be reviewed because they were based on a CPI that is no longer attainable, Economy Minister Martín Guzmán is beginning to take flak from friends and foes alike, casting doubts on his chances of remaining in office.

• Tuesday, May 3rd 2022 - 09:18 UTC

  Uruguayan exports on the rise

  

  Uruguayan exports including duty-free zones for the month of April totaled US$ 1.115 billion, according to the Uruguay XXI Institute's monthly report released Monday.

• Tuesday, May 3rd 2022 - 08:01 UTC

  Brazil ready to take advantage of the “food inflation” despite higher production costs

  

  Soybeans, corn, sugar, coffee, beef, pork, and chicken are the main goods in Brazil’s export portfolio, and should benefit from the current 'food inflation' in world markets until probably 2023, says analyst Elizabeth Johnson from the TS Lombardy consultancy.

• Saturday, April 30th 2022 - 09:54 UTC

  Slowdown deepens in Latin America with regional growth forecasted at 1,8% this year, ECLAC report

  

  The economies of Latin America and the Caribbean face a complex situation in 2022 because of the Russia/Ukraine war with its shadow of uncertainty for the world economy. This is negatively affecting global growth, and at regional level, lower expected growth will be accompanied by higher inflation and slower employment recovery.

• Saturday, April 30th 2022 - 09:40 UTC

  Chinese citizens, economy fear measures more than they fear COVID-19 itself

  

  The COVID-19 pandemic has almost the whole world going in one direction and China doing quite the opposite and measures of the utmost severity have led to the strict confinement of some 343 million people to enforce a “zero-tolerance” policy as cases of the Omicron variant keep being detected through mass, compulsory testing.

• Friday, April 29th 2022 - 09:56 UTC

  Mercosur-Europe FTA now or never, EU diplomat in Buenos Aires says

  

  The European Union's Ambassador to Argentina said Thursday that if the trade agreement between the EU and Mercosur was to be revived it was now or never.