Inflation in Argentina reached 6% in January of 2023, according to a report from the National Institute of Statistics and Census (Indec) released Tuesday, which also showed the interannual consumer price index went up 98.8%. It was the highest monthly rate since 1991 when it reached 84%.
Brazil ended 2022 as the largest exporter of beef in the world, according to the Brazilian Association of Meat Exporters (Abisec). In effect, Abisec data showed Brazilian beef exports rose 40,8% rose between January and December 2022 compared to the same period in 2021
When looking for a global model, the Financial Times (FT) came up with Uruguay this week while the South American country's so-called “green bond” tied to environmental goals became the “Latin American Bond of the Year in 2022” according to the International Financial Review (IFR).
Brazil’s Real remained stable after one of President Luiz Inácio Lula da Silva’s cabinet members said the administration will respect a law that gives autonomy to the central bank despite the president’s growing attacks against the monetary authority.
Argentine authorities are admitting that inflation in January of 2023 was high and that in that scenario meeting the targets agreed upon with the International Monetary Fund (IMF) will not be easy. At the same time, Economy Ministry teams were reported to be planning new batches of measures to reverse the negative impact of prices going up, it was reported in Buenos Aires.
Jonathan Haskel, an external member of the Bank of England monetary policy committee, said a wave of investment stopped in its tracks in 2016 following the Brexit vote.
The Falklands/Malvinas and Gibraltar figure among the latest list of countries and territories, which are considered tax havens by the Spanish Government, allegedly involved in money laundering operations, following on the latest international concept of non-cooperative jurisdiction in the matter.
Under Argentina's pro-tempore presidency, Mercosur will try to clinch a Free Trade Agreement (FTA) with Singapore, according to Palacio San Martín (Foreign Ministry) sources quoted by BAE Negocios. The Alberto Fernández administration is particularly eager to show results, the report also said.
With poultry prices soaring (a dozen of eggs in California reached eight dollars, yes eight dollars and climbing) because of the intense culling of millions of chickens caused by the avian flu, no wonder then than poultry meat exports from Brazil during January reached 420.900 tons, up 20.6% compared to the same period of the previous year and a record for the month, claimed the ABPA (Brazilian Association of Animal Protein) this week.
The United States Federal Reserve is not satisfied with the evolution of inflation in the country and has warned the fight is not over, and could possibly result in higher interest rates that those markets are anticipating and despite of growing fears they could lead to a recession.