Economy

• Friday, October 20th 2023 - 10:36 UTC

  China and Brazil should join forces, Xi Jinping tells House Speaker

  

  Chinese President Xi Jinping told Brazilian Lower House Speaker Arthur Lira in Beijing Friday that their countries should firmly support each other in the face of “a tumultuous world.” Xi also insisted the BRICS partners were the two largest developing nations on the planet.

• Thursday, October 19th 2023 - 10:41 UTC

  Blue dollar plummets in Argentina

  

  The “blue” (a euphemism for “black market”) dollar plunged on Wednesday, closing at AR$ 885/905 (buy/sell), down from AR$ 985 the previous day, after the extension of the swap with China was announced and raids on illegal exchange parlors known as “cuevas” (caves) intensified, leading to new arrests, it was reported in Buenos Aires.

• Thursday, October 19th 2023 - 09:16 UTC

  FIG have appointed a new Financial Secretary with Falklands' knowledge and experience

  

  The Falkland Islands Government has announced the appointment of Pat Clunie as the new Financial Secretary and will take up this post in January 2024.

• Wednesday, October 18th 2023 - 13:29 UTC

  Poor performance of Uruguay's ovine sector, hit by low international prices

  

  Exports of the Uruguayan ovine sector reached US$ 157 million in the first eight months of the year, (Jan/August), according to the Uruguayan Wool Secretariat, SUL, which represented a 17% drop in value.

• Tuesday, October 17th 2023 - 09:13 UTC

  Argentine President starts holding meetings in Shanghai

  

  Argentine President Alberto Fernández held meetings in Shanghai with businessmen and local authorities ahead of his participation at the Third Belt and Road Forum to which he was invited by Chinese leader Xi Jinping.

• Saturday, October 14th 2023 - 10:32 UTC

  Impoverished Argentines concern Uruguay's Chamber of Commerce

  

  As the summer season approaches and Argentina lives through a not-quite-unprecedented crisis, Uruguay's Chamber of Commerce and Services fears it may result in fewer travelers and ensuing economic losses when compared to other years.

• Saturday, October 14th 2023 - 10:10 UTC

  Gloomy IMF projections for Argentina this year

  

  The International Monetary Fund (IMF) foresees a 2.5% drop in Argentina's GDP and warned that the program between the South American country and the credit agency was in a “critical” state, barely over one week ahead of the presidential elections.

• Saturday, October 14th 2023 - 10:00 UTC

  Chilean fruit exporters sue major shipping line

  

  Chilean fruit exporters have filed a lawsuit for a “systematic succession of abuses” before the Court of Defense of Free Competition (TDLC) against the Mediterranean Shipping Company (MSC), it was reported in Santiago.

• Friday, October 13th 2023 - 09:26 UTC

  Argentina: “Blue” dollar falls back after illegal exchange parlors raided

  

  The “blue” (a euphemism for “black market”) dollar pierced the AR$ 1,000 threshold downward and closed Thursday at AR$ 980 after law enforcement raids at unofficial exchange parlors led to at least six people arrested ahead of the 4-day weekend, it was reported in Buenos Aires.

• Friday, October 13th 2023 - 08:49 UTC

  September's inflation hits new monthly ceilings in Argentina

  

  Argentina's National Institute of Statistics and Census (Indec) Thursday announced that the Consumer Price Index (CPI) went up 12.7% in September, thus hitting an all-time monthly high since 1991, it was reported in Buenos Aires.