Economy

• Monday, May 16th 2022 - 09:55 UTC

  Uruguay is Paraguay's gateway to the world, both Presidents agree

  

  Paraguayan President Mario Abdo Benítez Sunday stressed his country needed Uruguay's help to secure a sovereign presence to have a way out to the sea so that its exports can reach the world and that Montevideo “has always been a port of exit.”

• Monday, May 16th 2022 - 09:50 UTC

  Milei: “I will not apologize for having a penis”

  

  Argentine Congressman Javier Milei Saturday announced that if he is elected President next year one of his first measures would be to suppress the Ministry of Women (officially known as “Ministry of Women, Gender, and Diversity”).

• Monday, May 16th 2022 - 09:29 UTC

  Argentina preparing to become a BRICS member with support from China and Brazil

  

  Argentina has been invited by Chinese president Xi Jinping to participate in three BRICS events taking place in the coming four weeks. The first will be a get-together of political parties, social organizations and think tanks, a second on May 20th, is a summit of foreign ministers from Brazil, Russia, India, China, and South Africa, BRICS full members, and the Argentine minister guest. Finally, on June24 a summit of the five-plus one leaders is scheduled.

• Monday, May 16th 2022 - 09:26 UTC

  Weighting SDR's currency basket, Dollar and Yuan up; Euro, Yen and Pound down

  

  IMF increased the Chinese Yuan's weighting in the Special Drawing Rights (SDR) currency basket to 12.28% from 10.92% in its first regular review of the SDR valuation since the Chinese currency was first included in the basket in 2016, the Chinese central bank, PCB, reported on Sunday.

• Saturday, May 14th 2022 - 08:33 UTC

  Brazil invited to abide by OECD codes of good practices

  

  Brazilian economic authorities Friday announced they had received an invitation from the Organization for Economic Cooperation and Development (OECD) Council to abide by both the Capital Movements Liberalization Code and the Intangible Current Operations Liberalization Code.

• Friday, May 13th 2022 - 09:55 UTC

  Argentina's inflation for April of 2022 set at 6% – worst YoY data in 30 years

  

  Argentina's National Institute for Statistics and Census (Indec) Thursday announced that inflation for the month of April of 2022 had reached 6% for a total of 58% in the last 12 months, which turned out to be the country's highest figure in 30 years.

• Thursday, May 12th 2022 - 10:52 UTC

  EU wants to sign stalled trade agreements, but with Mercosur objections persist

  

  The European Union aims to finalize and sign at least three stalled trade agreements this year as the bloc looks to reinforce strategic alliances amid the turmoil caused by Russia’s invasion of Ukraine.

• Thursday, May 12th 2022 - 10:10 UTC

  Brazil consumer prices increased 1.06% in April and 12,13% in twelve months

  

  Consumer prices in Brazil increased 1.06% from March, the fastest rise for the month of April since 1996, the Brazilian Institute of Geography and Statistics, or IBGE, said on Wednesday. Prices rose 12.13% from a year earlier, the fastest pace since 2003. In March, prices rose 1.62% from February and increased 11.30% from a year earlier. Again food and transport had a decisive impulse.

• Thursday, May 12th 2022 - 09:52 UTC

  UK signs defense deals with Sweden and Finland, ahead of the two countries decision on joining NATO

  

  UK Prime Minister Boris Johnson on Wednesday signed defense deals with Sweden and Finland committing UK aid, including military support, in the event of an attack. Johnson made the pledge during a brief tour to the two Nordic nations, where he met first Swedish Prime Minister Magdalena Andersson at her official countryside residence; then Finnish President Sauli Niinistö in Helsinki.

• Thursday, May 12th 2022 - 09:14 UTC

  US inflation still strong, but can be expected to ease in second half of the year, analysts agree

  

  Inflation in the United States seems to have started to taper off, as the rapid cost of goods and services did not change much in April compared to March. Consumer prices rose by 0.3% in April after having risen by 1.2% in March, according to data the Bureau of Labor Statistics released on Wednesday.