Economy

• Thursday, June 18th 2026 - 14:54 UTC

  Fed keeps rates unchanged; new chairman Warsh anticipates FOMC summaries will be shorter…and to facts

  

  The Federal Open Market Committee from the US Federal Reserve voted unanimously to keep its benchmark overnight borrowing rate anchored in a range of 3.5%-3.75%. It was the first meeting of the Fed with the newly appointed chairman, Kevin Warsh.

• Wednesday, June 17th 2026 - 19:21 UTC

  US-Iran memorandum sets Hormuz reopening, $300 billion reconstruction and sanctions relief

  

  The United States government on Wednesday released the official text of the agreement reached with Iran to end the war, a 14-point document called the “Islamabad Memorandum of Understanding” that provides for the reopening of the Strait of Hormuz, a reconstruction plan of at least $300 billion and the lifting of sanctions. The text, read by a senior official of Donald Trump's administration, will be signed on Friday in Switzerland and will open a 60-day period to negotiate the definitive agreement.

• Wednesday, June 17th 2026 - 08:27 UTC

  Uruguay enjoys 'positive discrimination' but must lift investment and productivity, BBVA says

  

  Uruguay enjoys a “positive discrimination” relative to other economies for its institutional solidity, respect for agreements and political maturity, but its economic growth has been low over the past decade and its potential GDP —now at 2.1%— is declining. That was the assessment of economists from BBVA Research, one of Europe's largest banks, at the “Situación Uruguay” webinar, where they said the country's main challenge is to boost investment and raise productivity.

• Monday, June 15th 2026 - 21:50 UTC

  Brazilian stocks slip as the US-Iran deal sinks oil prices and hits Petrobras

  

  São Paulo's stock exchange closed on Monday down 0.42%, dragged by the plunge of the state oil company Petrobras after the international crude price fell, linked to the preliminary agreement between the United States and Iran. The Ibovespa, the benchmark index of Latin America's main exchange, ended the session at 170,415 points.

• Monday, June 15th 2026 - 21:35 UTC

  Chile's Kast government reaffirms Valparaíso's bid to host the High Seas Treaty secretariat

  

  Chile's government on Monday reaffirmed its commitment to Valparaíso's candidacy to host the Executive Secretariat of the High Seas Treaty, a key instrument of ocean governance, and held that the port city has “relevant strengths” to secure it. The Foreign Ministry said the bid responds to the importance that Chilean foreign policy places on protecting the ocean and to the country's “maritime vocation.”

• Saturday, June 13th 2026 - 19:09 UTC

  Elon Musk becomes the world's first trillionaire after SpaceX's record stock debut

  

  Technology magnate Elon Musk became the world's first trillionaire on Friday, after his aerospace company SpaceX made its stock-market debut. Following the IPO, which raised a record roughly $75 billion and valued the company at about $1.77 trillion, the net worth of the owner of Tesla, the social network X and Neuralink stood at around $1.1 trillion.

• Friday, June 12th 2026 - 06:17 UTC

  Uruguay takes over the Mercosur presidency this month, with EU quotas a top priority

  

  Uruguay will assume the pro tempore presidency of Mercosur on June 30, during a summit of the bloc in Paraguay, with the distribution of the quotas from the agreement with the European Union (EU) among the main items on its agenda. Foreign Minister Mario Lubetkin said the country is already preparing to take on that role and that “the technical teams are already working.”

• Tuesday, June 9th 2026 - 21:45 UTC

  Uruguay sheep produce exports from July25 to May26 reached US$ 281 million

  

  Uruguay sheep produce exports grew 28% between July 2025 and May 2026, totaling US$ 281 million, boosted by wool, 72% of income while lamb and mutton the remaining 27%.

• Sunday, June 7th 2026 - 23:52 UTC

  Argentina seeks a trade pact that would link it with the UK for the first time since 1982

  

  Argentina has applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a step that, if completed, would place it for the first time since the 1982 Falklands War in a trade agreement that also includes the United Kingdom. Foreign Minister Pablo Quirno announced the decision during a tour of Europe and handed the formal letter of intent to New Zealand, the treaty's depositary.

• Saturday, June 6th 2026 - 08:09 UTC

  Falklands’ public meeting Monday 8th June on the 2026/27 annual budget, with Secretary Clunie attending

  

  The Falkland Islands Government will be holding a public meeting on Monday 8th June 2026 from 5-6pm in the Court & Assembly Chamber where the Financial Secretary, Pat Clunie will present the 2026-27 annual budget.