Economy

Friday, September 20th 2019 - 08:35 UTC
UK biggest foreign investor in Peru, underlines Ambassador Harrisson

Britain's Ambassador to Peru Kate Harrisson Thursday highlighted that the United Kingdom is currently the biggest foreign investor in the Andean country, thanks to the sizeable mining projects currently under way.
Thursday, September 19th 2019 - 11:24 UTC
Senate passes emergency food bill in Argentina

Argentina's Senate Wednesday passed the food emergency bill submitted by the opposition parties as protests mount against the inflationary policies carried out by the administration of President Mauricio Macri, who is yet to sign the draft into law and has hinted he would do so without exerting his veto powers.
Thursday, September 19th 2019 - 10:32 UTC
Argentina defreezes fuel price meaning 4% increase at pumps

Effective this Thursday, the government of Argentina agreed to defreeze the price of fuel and thus authorize a 4 percent increase after yielding to pressure from province governors and oil companies as the barrel of crude also goes up globally.
Thursday, September 19th 2019 - 10:12 UTC
Uruguay avoids recession, but the economy is stagnant

The Central Bank of Uruguay (BCU) released the report of the country's quarterly economic situation, which reports that the Uruguayan economy grew by only 0.1% year-on-year and 0.3% in the second quarter of the year, compared to the first three months of the year, when it registered a 0.1% drop.
Wednesday, September 18th 2019 - 20:57 UTC
Angry Embraer workers threaten to go on strike in Brazil

Unions representing workers at Brazil's aircraft factory Embraer are ready to go on strike indefinitely strike as salary bargaining seems to be deadlocked. The measure could start as early as next Monday, sources at the company's commercial aircraft plant in São José dos Campos confirmed on Wednesday.
Tuesday, September 17th 2019 - 09:54 UTC
Brazil preparing fiscal reform and considers new value added tax at federal level

Brazilian President Jair Bolsonaro telephoned Economy Minister Paulo Guedes from hospital this week to express his opposition to the creation of a new “CPMF” financial transactions tax, Guedes said on Friday.
Tuesday, September 17th 2019 - 09:51 UTC
US markets in the red following attacks on Saudi oil production

US stocks tumbled into the red on Monday as attacks on Saudi crude production and record jumps in oil prices whipped up investor anxieties about the global economy.
Tuesday, September 17th 2019 - 09:14 UTC
US/China trade talks resume on Thursday but at deputy-level

Deputy-level US-China trade talks are scheduled to start in Washington on Thursday, the US Trade Representative's office said on Monday (Sep 16), paving the way for high-level talks in October aimed at resolving a bitter trade war.
Monday, September 16th 2019 - 09:47 UTC
IMF choice: to unlock or not to unlock the last tranche of funds for Argentina

The International Monetary Fund has a tough choice to make in Argentina: unlock US$5.4 billion in funds under the country’s loan deal as the government strains to stave off default, or hold the money back and risk sparking more market panic.
Monday, September 16th 2019 - 09:10 UTC
China opens its market to more Brazilian meat processing plants

Brazilian beef' packer Marfrig Global Foods SA said it is in the process of hiring 400 people to work at its Promissão plant in the state of São Paulo as Chinese demand warrants an increase in meat production.