Economy

• Saturday, July 10th 2021 - 09:15 UTC

  Argentine Economy Minister wants common tax on multinational companies higher than 15%

  

  Argentina's Economy Minister Martín Guzmán Friday requested that a global tax to be applied to multinational companies was higher than the 15% put forward by the Organization for Economic Cooperation and Development (OECD).

• Friday, July 9th 2021 - 09:55 UTC

  Uruguay insists it has no intention of infringing Mercosur rules, just increasing trade opportunities

  

  The Mercosur trade block, now under the chair of Brazil for the next six months, will be facing one of its most significant potential disruption challenges after the virtual summit with the presidents of the four founding members openly exposing their differences, despite a limited coverage of the event.

• Thursday, July 8th 2021 - 18:09 UTC

  UK: Labour challenges Boris on China, but the PM is “instinctively” against boycotts

  

  British Prime Minister Boris Johnson said he was “instinctively” against boycotts after the main opposition Labour Party urged ministers and the royal family to snub the 2022 Beijing Winter Olympics over human rights claims.

• Thursday, July 8th 2021 - 15:10 UTC

  LATAM Brasil planning to sell nine Boeing 767-300

  

  The LATAM Group has applied to the US courts for authorization to sell nine Boeing 767-300 jets to the company JeTran. All aircraft are part of the Brazilian division of the airline, part of them stored due to the reduction of the flight network.

• Thursday, July 8th 2021 - 09:58 UTC

  Uruguay swears allegiance to Mercosur, but will negotiate independently with third countries

  

  On the eve of Thursday's Mercosur summit, Uruguay informed its partners that it will proceed with negotiations, expecting to reach trade agreements with third parties or blocks, outside of the four founding members group.

• Thursday, July 8th 2021 - 09:56 UTC

  Argentina takes action against foreign oil companies operating on South Atlantic continental shelf

  

  Argentina's Ministries of Foreign Affairs and Energy Wednesday announced sanctions were to be imposed on three companies for operating illegally in the South Atlantic.

• Thursday, July 8th 2021 - 09:48 UTC

  Three companies (two UK and one Israel) involved in Falklands' oil industry, added to Argentina's sanctions list

  

  Argentina announced it has launched a sanctions process against several foreign oil companies, the UK based Chrysaor Holdings Ltd, Harbor Energy Plc, and Israel's Navitas Petroleum for involvement in hydrocarbons activities, with illegitimate Falkland Islands licenses, in the Argentine continental shelf, more precisely at the Sea Lion project in North Malvinas basin

• Wednesday, July 7th 2021 - 10:11 UTC

  Uruguayan Supreme Court upholds conviction of former BROU CEO involved in scandal to purchase PLUNA aircraft

  

  Former Banco República of Uruguay (BROU) CEO Fernando Calloia's 20-month jail sentence was upheld Tuesday by Uruguay's Supreme Court, thus extinguishing the chain of appeals available to the defendant.

• Wednesday, July 7th 2021 - 09:06 UTC

  Peru's middle class shrinks from 43% to 24% during 2020

  

  A new study released Tuesday by the Institute of Economics and Business Development (Iedep) of the Lima Chamber of Commerce showed that some 6.3 million Peruvians fell from the country's middle-class social group during 2020.

• Tuesday, July 6th 2021 - 09:55 UTC

  Uruguay's yearly inflation set at 7.33% after Monday's figures

  

  Uruguay's yearly Consumer Price Index (CPI) was 7.33% as per data released Monday by the National Institute of Statistics (INE), slightly above the government's target.