Economy

Friday, April 21st 2023 - 10:05 UTC
Argentine peso keeps sinking against US dollar

The Argentine peso kept sinking Thursday against the US dollar with the “blue” (a euphemism for “black market”) rate hitting AR$ 440 before closing at AR$ 437/AR$ 432 (buy/sale).
Thursday, April 20th 2023 - 10:23 UTC
How far up did the US dollar go Wednesday against the Argentine peso?

Argentine Economy Minister Sergio Massa seems unable to find a way out of the country's current crisis. In this scenario, the “blue” dollar (a euphemism for “black market”) rose five more pesos Wednesday to close at AR$ 423 as the Central Bank (BCRA) ended with a negative balance of US$197 million, this bringing a streak of six positive rounds to an end. The country risk remained at 2,474 basis points, according to JP Morgan's index.
Wednesday, April 19th 2023 - 10:44 UTC
What triggered a new “blue” dollar rise in Argentina?

Rumors about Economy Minister Sergio Massa's possible resignation, the “blue” (a euphemism for “black market”) US dollar rose again Tuesday against the Argentine peso. President Alberto Fernández was reported to have a name to replace Massa: that of his Chief Advisor Antonio Aracre, who turned in his resignation Tuesday afternoon in a move to appease the markets.
Wednesday, April 19th 2023 - 10:35 UTC
Which Latin American country is one of Russia's “most loyal partners”?

During the second stop of his Latin American tour after Brasilia and ahead of Cuba and Nicaragua, Russian Foreign Minister Sergey Lavrov Tuesday said in Caracas in front of his local colleague Yván Gil Pinto that Venezuela was “without a doubt” one of Russia's “most loyal partners.”
Wednesday, April 19th 2023 - 10:19 UTC
UK twelve month inflation in March eases to 10,1%, but Food remains strong having risen 19,1%

According to the Office for National Statistics, the consumer price inflation rate in the United Kingdom eased to 10.1% year-on-year in March 2023, down from 10.4% the month before.
Wednesday, April 19th 2023 - 09:20 UTC
Falklands collecting info for the launching of its Business Climate Survey 2023

The Falkland Islands Development Corporation has launched the Business Climate Survey 2023 in partnership with the Falkland Islands Chamber of Commerce, the Falkland Islands Tourism Association and the Rural Business Association.
Tuesday, April 18th 2023 - 10:50 UTC
Argentina: “Blue” Dollar hits new ceiling of AR$ 408

The “blue” (a euphemism for “black market”) dollar closed rose by AR$ 8 and closed at AR$ 408 Monday, reaching a new all-time high, it was reported in Buenos Aires. It had closed at AR$ 400 on Friday. The Argentine Central Bank bought US$ 73 million to add to its dwindled coffers.
Monday, April 17th 2023 - 22:56 UTC
With “energy cooperation”, Russia/China trade booming using Yuan/Rouble currencies

Energy cooperation helped China's overall trade with Russia maintain its strong growth momentum in the first quarter with an increase of 38.7% from a year earlier, far outpacing the growth of China's total trade.
Monday, April 17th 2023 - 22:40 UTC
Brazilian analysts 2023 expectations: stronger Real vs the Dollar and economy will grow below 1%

The Brazilian Central Bank released its weekly Focus Bulletin this Monday, which brings together an estimate of the country's economy's future performance by leading financial markets analysts.
Sunday, April 16th 2023 - 23:28 UTC
Argentine Cabinet Chief admits war against inflation is being lost

Argentina's Cabinet Chief Agustín Rossi admitted the administration of President Alberto Fernández was losing the battle with inflation. “We thought we were getting there, but we weren't,” Rossi was quoted as saying by local media. “Nobody can be happy, least of all us”, he added.