Economy

Friday, July 2nd 2021 - 08:49 UTC
Uruguayan meat processing plant may resume shipments to China after labelling incident in April

The Uruguayan BPU meat processing plant has been cleared to resume exports to China as of July 1 after it was banned April 9 due to a mislabelled shipment, it was announced Thursday.
Friday, July 2nd 2021 - 08:32 UTC
International tax rules reform: 130 countries support minimum 15% rate on large multinationals’ profits

Following two days of discussions hosted by Paris based Organization for Economic Cooperation and Development, OECD, 130 countries, representing more than 90% of global GDP, joined a new two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate. But Ireland and eight other countries decline to accept the agreement.
Friday, July 2nd 2021 - 08:04 UTC
World Bank names new LatAm, Caribbean Chief Economist

The Washington DC headquarters of the World Bank Thursday announced William Maloney has been appointed as of July 1 as its new Chief Economist for the Latin America and the Caribbean (LAC) Region.
Thursday, July 1st 2021 - 09:30 UTC
Soybean rise to US $ 532 a ton in Chicago

The price of soybeans sprang back to above US $ 500 in the Chicago market Wednesday after a US $ 33.2 rise fueled by a new report on stocks and planting from the Department of Agriculture of the United States (USDA).
Thursday, July 1st 2021 - 09:00 UTC
Brazilian industry and unions request suspension of Mercosur talks on reducing the Common External Tariff

The Brazilian Confederation of Industry, CNI and the IndustriALL-Brasil (which represents industry unions) have officially requested that in the next Mercosur meeting, scheduled for early this month, Brazilian representatives withdraw the proposal for a reduction of block trade tariffs with other countries. However, both institutions also backed the current flexibilization of current trade talks with third countries, such as South Korea.
Wednesday, June 30th 2021 - 09:23 UTC
Unemployment crosses double-digit psychological threshold in Uruguay

Uruguay's unemployment rate rose from 9.7% in April to 10.2% at the end of May, which marked a return of the index to double-digit figures, according to a monthly report released Tuesday by the National Institute of Statistics (INE).
Wednesday, June 30th 2021 - 09:13 UTC
Floods and droughts mean yearly losses worth US $ 1 billion for Argentina, says World Bank

A new report titled “Impact of Climate Crisis on Poverty and the Argentine macroeconomy” points out the serious consequences of the impact of climate change on the Argentine economy, mainly due to losses caused by floods and droughts, the World Bank announced Tuesday.
Wednesday, June 30th 2021 - 09:09 UTC
Argentina's economy keeps falling, INDEC data shows

Economic activity in Argentina fell 1.2% monthly in April and accumulated three months of decline, according to data released Tuesday by the National Institute of Statistics and Census (INDEC).
Tuesday, June 29th 2021 - 09:20 UTC
Argentina falls down to worst place to be during pandemic according to Bloomberg ranking – US the best

The United States is now the best country to be during the coronavirus pandemic while Argentina is the worst option, according to a list of 53 nations reviewed by economy media outlet Bloomberg released Monday.
Monday, June 28th 2021 - 09:07 UTC
UK suspends one of the world's largest cryptocurrency platforms

The United Kingdom's Financial Conduct Authority (FCA) has issued a note dated June 25 announcing the suspension of Binance Markets Ltd and warned customers the platform was falling under tighter scrutiny worldwide.