Economy

Wednesday, November 1st 2023 - 10:10 UTC
Paraguay increasingly attractive to direct investments

According to the Central Bank of Paraguay (BCP), direct investment in the South American country reached a record US$ 725 million last year, it was reported Tuesday in Asunción.
Wednesday, November 1st 2023 - 09:01 UTC
Brazilian government announces end of privatization process of the port of Santos

Brazilian minister of Ports and Airports Silvio Costa Filho, announced the termination of the Investment Partnership Program (PPI), which had originally set the conditions for the privatization of the management of the Port of Santos.
Wednesday, November 1st 2023 - 08:58 UTC
Brazil hopeful of de-globalization, as US/China technology clash escalates

Brazil did not enjoy the globalization process that started in the 1980s to its fullest potential. Still, it may have a second chance now amid the current de-globalization process – essentially an adjustment of globalization.
Tuesday, October 31st 2023 - 09:03 UTC
ECB leaves interest rates unchanged for the first time since July 2022

The European Central Bank, ECB left interests rates unchanged for the first time in more than a year at a meeting in Athens last Thursday. ECB said it would leave key rates unchanged at between 4 and 4.75%.
Monday, October 30th 2023 - 09:38 UTC
Lula tells Pedro Sanchez to make a last effort on EU-Mercosur deal

Brazilian President Luiz Inácio Lula da Silva told Spanish Prime Minister Pedro Sánchez during a telephone conversation last week that he was keen on finalizing the trade agreement between the European Union (EU) and Mercosur.
Friday, October 27th 2023 - 10:25 UTC
Sharp drop on “blue” dollar reported in Argentina

The “blue” (a euphemism for “black market”) dollar has fallen sharply against the Argentine peso this week after Sunday's elections and the subsequent fracture within the opposition JxC coalition regarding whether to support or not Libertarian Congressman Javier Milei's bid against Economy Minister Sergio Massa at the Nov. 19 runoff.
Friday, October 27th 2023 - 10:16 UTC
Fuel shortages reported in Argentina

Due to fuel shortages in several parts of Argentina, some pumps were forced to sell only up to a quota per customer while others simply closed their activities on Thursday, it was reported in Buenos Aires.
Wednesday, October 25th 2023 - 10:51 UTC
“The Croatian,” alleged mastermind behind the “blue” dollar, arrested in Buenos Aires

Argentine authorities Tuesday arrested Ivo Rojnica, a.k.a. “The Croatian,” who is believed to be the mastermind behind the US dollar black market, commonly referred to as “blue,” it was reported in Buenos Aires.
Tuesday, October 24th 2023 - 09:39 UTC
“Blue” dollar back on surging track day after Argentine elections

The “blue” (a euphemism for “black market”) dollar stood at AR$ 1,100 Monday, an AR$ 200 increase from Friday's quotation, after Sunday's elections which saw Economy Minister Sergio Massa and Libertarian Congressman Javier Milei advance to the Nov. 19 runoff, it was reported in Buenos Aires.
Saturday, October 21st 2023 - 10:16 UTC
Dollar “bluer than blue” ahead of Argentine elections

Argentina's bewildering economy recorded this week a new first: an “official” quotation for the black market dollar, commonly referred to as “blue” in addition to a new “bluer than blue” for the few transactions actually carried out ahead of Sunday's elections and amid raids on “cuevas” (illegal currency exchange parlors). However, there was no Michael Jackson singing Randy Goodrum's hit.