Economy

Tuesday, July 18th 2023 - 22:46 UTC
Lacalle Pou urges swift action on EU-Mercosur Agreement: “Enough of 25 years of negotiations”

In a strong plea for progress on the Free Trade Agreement between the European Union and Mercosur, Uruguayan President Luis Lacalle Pou demanded an end to decades of fruitless negotiations, urging the involved parties to reach an agreement.
Tuesday, July 18th 2023 - 10:30 UTC
Growing concern in China over urban areas youth (16 to 24 years) unemployment

The jobless rate of 16 to 24 year olds in Chinese urban areas rose to 21.3% last month, official figures released by Beijing show. It comes as the world's second largest economy grew just 0.8% in the three months to the end of June.
Tuesday, July 18th 2023 - 09:34 UTC
Brazil's 2022/23 harvest is expected to reach 317,5 million tons with a planted area of 78,2 million hectares

Brazil is expected to harvest a record 317.5 million tons of grains in the 2022-23 agriculture cycle, which is 44.9 million tons (16.5%) more than the previous year, according to the 10th Grain Harvest Survey by Conab, the country’s food supply and statistics agency.
Monday, July 17th 2023 - 11:41 UTC
UK signs trade treaty to join Trans Pacific partnership, 'the world's fastest growing region'

The United Kingdom on Sunday formally signed a treaty to join a major Indo/Pacific block, in what is described as the biggest trade deal since the country left the European Union, (Brexit) at the beginning of 2020.
Monday, July 17th 2023 - 11:30 UTC
Massa might have to travel to US to finalize deal with IMF

Argentine Economy Minister and presidential contender Sergio Massa might travel to the United States later this week to close an agreement with the International Monetary Fund whereby the global agency would give the South American country some US$ 8.5 billion, it was reported in Buenos Aires.
Monday, July 17th 2023 - 11:05 UTC
Micro and small businesses behind 69% of jobs in Brazil

According to a study conducted by the Brazilian Micro and Small Business Support Service (Sebrae), micro and small businesses have been behind the creation of seven out of ten formal jobs nationwide, Agencia Brasil reported.
Saturday, July 15th 2023 - 10:52 UTC
Falklands extends payment increases to all FIG grades

Following representations from Falkland Islands Government Officers, Members of Legislative Assembly reconsidered their budget decisions to not award increments to officers in grades C-A and agreed in Executive Council on July 3 to extend the award to include the payment of increments to all grades.
Saturday, July 15th 2023 - 10:36 UTC
Argentina: “Blue” dollar keeps going up

The “blue” (an euphemism for “black market”) dollar kept soaring Friday against the Argentine peso, reaching AR$ 525 at some point but closing the week at AR$ 522, it was reported in Buenos Aires for an AR$ 31 increase in the last five days and AR$ 13 from Thursday.
Friday, July 14th 2023 - 10:50 UTC
Ecuador short of rice, looks to Mercosur members as a potential supplier

Mercosur members have been added to Ecuador’s list of potential rice suppliers as the Andean country seeks to import rice to keep its stocks full, as they have been significantly depleted due to crop issues. Ecuador shortfall production could reach some 200,000 tons.
Friday, July 14th 2023 - 10:50 UTC
IMF: Negotiations with Argentina continue; “no letter from China urging IMF to a quick solution”

Julie Kozack, Director of the IMF Communication Department held her weekly media conference and made some announcements referred to the current IMF/|Argentine negotiations. Ms. Kozack revealed that IMF/Argentina negotiations are ongoing, did not advance more details on possible closing dates and denied the existence of a letter from Chinese officials urging a quick solution to the Argentine case. Such as information was leaked in Argentina by government sources. Finally Ms Kozack anticipated that IMF officials and staff will be on holidays beginning July 31st until 11 August.