Economy

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.
Monday, August 28th 2023 - 08:20 UTC
Massa announces measures for the poorest leading up to the elections

Argentina's Economy Minister and presidential candidate on behalf of the Ruling Unión por la Patria (UP) Sunday announced a series of measures towards improving the people's situation through the current crisis ahead of the Oct. 22 elections.
Sunday, August 27th 2023 - 00:37 UTC
Brighter future ahead for businesses in Latin America

According to a study by the Fundação Getúlio Vargas (FGV) released Thursday, businesses in Latin America are up to their best level in two years after hitting unusual lows from the third quarter of 2022 through the second quarter of 2023.
Sunday, August 27th 2023 - 00:22 UTC
Uruguayan wages already at pre-pandemic levels, minister says

Uruguay's Finance Minister Azucena Arbeleche Friday said her country's wages were competitive for workers and had already reached pre-pandemic levels and would hopefully continue to rise in the coming years.