Economy

• Monday, September 12th 2022 - 10:07 UTC

  Argentina formalizes its BRICS membership application

  

  Argentina has sent a BRICS' formal membership application to Chinese authorities this week. Beijing since last June current holds the chair of the Brazil, Russia, India, China and South African powerful trade and cooperation block

• Saturday, September 10th 2022 - 10:35 UTC

  Latin America growth not looking bright for Moody's in 2023

  

  Credit rating consultants Moody's has warned that inflation and political risk will undermine Latin America's growth through 2023 amid recession both globally and in the region's main economies.

• Friday, September 9th 2022 - 09:25 UTC

  Carlos Slim wants fewer working days and retirement not before 75 years

  

  Mexican tycoon Carlos Slim insisted earlier this month on the need to cut down the working week to 3 days and said 75 was the right age for retirement.

• Friday, September 9th 2022 - 07:53 UTC

  Euro zone adopts an aggressive rates policy: “inflation remains too high and is likely to stay”

  

  The European Central Bank decided on Thursday to increase the three key interest rates by 75 basis points, making a dramatic change from the prevailing transition accommodative rates' levels to ensure a timely return to the ECB's inflation target of 2%.

• Friday, September 9th 2022 - 03:00 UTC

  Lacalle participates in events boosting Uruguay's economy

  

  Uruguayan President Luis Lacalle Pou Thursday attended the celebrations of Laboratorio Industrial Montevideo's 75th anniversary. The 100% national company is specialized in food and electrical analysis, supporting exporting companies.

• Thursday, September 8th 2022 - 09:31 UTC

  Uruguayan FM headed for Berlin talks

  

  Uruguayan Foreign Minister Francisco Bustillo Wednesday met with French authorities in Paris before flying on to Berlin, where he will hold talks with his German colleague Annalena Baerbock.

• Wednesday, September 7th 2022 - 10:28 UTC

  Truss announces new cabinet to face “the storm”

  

  Britain's newly-appointed Prime Minister Liz Truss Tuesday vowed to weather the “the storm” the country is going through and appointed her new cabinet for that task.

• Tuesday, September 6th 2022 - 09:58 UTC

  Uruguayan FM off to brokering Mercosur deal approval with EU

  

  Uruguayan Foreign Minister Francisco Bustillo is off on a European tour seeking to further develop his country's trade ties as the last inflation index showed the government of President Luis Lacalle Pou was already above its 2022 targets.

• Monday, September 5th 2022 - 17:54 UTC

  Santiago's Stock Exchange booms after Rejection won

  

  Santiago's Stock Exchange reached peak figures Monday after Rejection prevailed in Sunday's referendum, which meant the welfare state failed at least for now to become a reality that would have also included differentiated judiciary systems for native groups.

• Monday, September 5th 2022 - 10:20 UTC

  Argentina creates “soybean dollar” to boost Central Bank reserves

  

  Argentina's Superminister of Economy Sergio Massa Sunday announced the creation of the so-called “soybean dollar” at a special parity of AR$ 200 / US$ 1 on the condition that exports be liquidated at the earliest.