Economy

Tuesday, March 12th 2024 - 10:26 UTC
Argentina's Central Bank lowers interest rate

Argentina's Central Bank Monday lowered the annual interest rate from 110% to 80% “to strengthen the national economy and improve liquidity in the financial market,” it was reported in Buenos Aires. In addition, it was left up to each bank to decide on the minimum rate for fixed-term deposits.
Tuesday, March 12th 2024 - 10:00 UTC
With elections in June, EU plans to delay rules on imports from deforested areas and freeze the Green Deal

Following serious and combined complaints from Latin American, Asian and African countries, the European Union is prepared to delay the rules on exports from deforestation areas, it was reported in Brussels.
Monday, March 11th 2024 - 11:32 UTC
Milei caught red-handed “increasing” his own salary by 48%

Just a few days after ordering Lower House Speaker Martín Menem to reverse his decision together with Vice President Victoria Villarruel to increase the wages of lawmakers by around 30%, Argentine President Javier Milei was forced to announce that he would do the same regarding a pay hike of around 48% he had decreed for himself and the members of his cabinet, it was reported in Buenos Aires during the weekend.
Monday, March 11th 2024 - 11:04 UTC
Paraguay, the best place in the region for business, says FGV

The Latin American Economic Climate Index (ICE) released this weekend by Brazil's Getúlio Vargas Foundation (FGV) highlighted Paraguay as the Mecca for business ventures in the region given the country's outstanding performance.
Saturday, March 9th 2024 - 09:04 UTC
Brazil leads the world in exports of seven food commodities

Brazil has become the global leader in the export of at least seven food commodities, following on a report distributed by BTG Pactual to its clients this week.
Friday, March 8th 2024 - 10:54 UTC
Argentina: Libertarian gov't wants wage hike for lawmakers reversed

Argentina's Lower House Speaker Martin Menem admitted Thursday that a bill was to be submitted to backtrack on the resolution granting wage increases of nearly 30% to lawmakers amid strict austerity measures affecting most of the country's population, particularly the more vulnerable.
Thursday, March 7th 2024 - 10:17 UTC
Argentine lawmakers from the “political caste” get wage increase

Argentine Vice President Victoria Villarruel as head of the Senate and Lower House Speaker Martín Menem agreed to increase the wages of lawmakers by nearly 30% effective from January 1, it was reported Wednesday in Buenos Aires.
Wednesday, March 6th 2024 - 10:55 UTC
Argentina: Milei pledges to lower taxes soon

Argentine President Javier Milei said Tuesday at the Expoagro 2024 rural event in the city of San Nicolás in the province of Buenos Aires that “by improving the fiscal numbers, the door would be opened for us to start lowering taxes.”
Wednesday, March 6th 2024 - 09:59 UTC
Paraguay reports 0% inflation in February, but at what cost?

Paraguay's Central Bank (BCP) announced this week that inflation in February amounted to 0% from January's values despite increases in education and food, particularly eggs, it was reported in Asunción. In the same month last year, the Consumer Price Index (CPI) had gone up 0.5%. However, these achievements have a price tag.
Wednesday, March 6th 2024 - 09:59 UTC
Beijing ambitious 2024 growth target, 5%, but economists and circumstances are not convinced

China on Tuesday announced an ambitious economic growth target of 5% for 2024, vowing to “seek progress while maintaining stability” amid a sluggish economy and weak confidence among investors and consumers. This contrasts with the 5,2% reported for 2023 and 3% during 2022.