Economy

• Wednesday, November 22nd 2023 - 10:10 UTC

  Argentina:“Blue” dollar bounces back nearing historic highs

  

  The “blue” (a euphemism for “black market”) dollar rose AR$ 125 Tuesday on the first working day after Sunday's presidential runoff and once again pierced the psychological AR$ 1,000 barrier upwards, closing at AR$ 1.025 / 1.075 (buy/sell), thus getting closer to its historical AR$ 1,100 high for a gap of 202% with the official quotation.

• Saturday, November 18th 2023 - 10:37 UTC

  World Bank grants Uruguay green-oriented loan

  

  Uruguay has been granted an unprecedented US$ 350 million loan by the World Bank (WB). Although there is nothing new with borrowing, the so-called Programmatic Loan for Development Policies and Reform Implementation will entail a reduction of the interest rate whenever certain environmental goals are met, it was explained in Montevideo.

• Saturday, November 18th 2023 - 10:30 UTC

  Argentine government and consultants anticipate a great 2023/24 agricultural year

  

  Under pressure from the Argentine incumbent presidential candidate for this Sunday's election runoff, and current Economy minister, Sergio Massa, grain markets in the country are forecasting a promising boom for the next agriculture year, with recovered crops and increased revenue to the tune of some US$ 20bn.

• Saturday, November 18th 2023 - 10:26 UTC

  IMF considering a 50% increase in quotas to reinforce global financial stability

  

  The International Monetary Fund, IMF, Executive Board has approved a proposal to be considered by the Board of Governors to conclude the 16 th General Review of Quotas (16 th Review) with a significant increase in quotas. The proposal follows the guidance from the International Monetary and Financial Committee (IMFC) at the 2023 Annual Meetings.

• Thursday, November 16th 2023 - 10:18 UTC

  Biden, Xi resume direct talks after over a year of top-level silence

  

  After going no contact for over a year, Presidents Joseph Biden of the United States and Xi Jinping of China met Wednesday in San Francisco on the sides of the Asia-Pacific Economic Cooperation (APEC) Summit.

• Thursday, November 16th 2023 - 07:57 UTC

  Hard times ahead for wine in Chile; climate change hits the industry in northern hemisphere

  

  Hard times for the grape and wine sector in Chile, with a drastic drop in exports and slower domestic consumption, hitting the profits of both small and large industries and farmers.

• Wednesday, November 15th 2023 - 09:38 UTC

  Paraguay's agriculture exports keep growing

  

  Paraguayan exports totaled US$ 14.438 billion in the first ten months of 2023, a 23.6% improvement from the same period last year, a foreign trade report released by the Central Bank of Paraguay (BCP) showed.

• Tuesday, November 14th 2023 - 09:19 UTC

  Argentina's monthly inflation back to one-digit figures

  

  Argentina's National Institute of Statistics and Census (Indec) announced Monday in Buenos Aires that October's Consumer Price Index (CPI) stood at 8.3% for a 142.7% year-on-year. These results showed a return to one-digit monthly inflation after 12.7% in September and 12.4% in August for an accumulated 120% in the first ten months of 2023, Indec also noted.

• Monday, November 13th 2023 - 20:54 UTC

  Panama Canal shipping queues: Punta Arenas dreams of a re-edition of pre 1914 scenario

  

  Punta Arenas in the extreme south of Chile and the South American continent is again illusioned with the re edition of pre 1914 times, before the United States finished the Panama Canal and created the state of Panama, significantly cutting the time of shipping wishing to cross from the Pacific to the Caribbean and vice versa, and ensuring safe and reliable links between the East and West coasts of the US.

• Monday, November 13th 2023 - 20:47 UTC

  Argentine beef eaters turn to cheaper meats and veggie diets as incomes plunge and beef prices soar

  

  An Argentine university has elaborated a study on barbecue meat, one of the most common and popular beef cuts in the country, during a seven year period to include consumption habit changes and most importantly the increase in price of the product.