Economy

• Wednesday, September 25th 2024 - 11:56 UTC

  Argentina to no longer remain neutral, Milei tells UN

  

  Argentine President Javier Milei Tuesday told the United Nations General Assembly in New York that his country would be dropping its traditional neutrality and taking sides in ongoing conflicts. He also said the global organization was seeking to “impose an ideological agenda” instead of “pursuing peace” in the world by allowing “bloody dictatorships” in.

• Monday, September 23rd 2024 - 13:47 UTC

  French shipping giants to buy over Brazilian port of Santos' container terminal

  

  Brazil's Opportunity investment group reached an understanding with French giants CMA CGM for the sale of its stake in the Brazilian Port Terminal of Santos (STBP3), it was announced late Sunday.

• Monday, September 23rd 2024 - 08:31 UTC

  Falklands Pound among the ten world oldest currencies still circulating

  

  The Falkland Islands pound is listed among the top ten oldest currencies still circulating in the world with the pound Sterling leading the ranking, having taken off back in the Middle Ages sometime in the 800s, according to the World of Statistics.

• Saturday, September 21st 2024 - 10:31 UTC

  Buenos Aires holds talks with Gol regarding Aerolineas Argentinas' future

  

  Argentina's Cabinet Chief Guillermo Francos and Economy Minister Luis Toto Caputo met Friday with representatives from the Brazilian airline Gol to discuss the possible handover of Aerolíneas Argentinas operations amid threats of additional strikes by pilots and cabin crewmembers. Earlier this month, some 37,000 travelers were affected by the protests seeking wage increases to cope with inflation.

• Friday, September 20th 2024 - 09:34 UTC

  Unemployment keeps growing in Argentina

  

  According to a report from Argentina's National Institute of Statistics and Census (Indec), unemployment in the South American country reached 7.6 % in the second quarter of 2024. The figures were consistent with the 7.7% recorded in the previous trimester but represented a sharp interannual deterioration from the 6.2% during the same period of 2023.

• Thursday, September 19th 2024 - 08:00 UTC

  Brazilian central bank raises Selic rate to 10,75%, fearing inflation resurgence

  

  While the United States Federal Reserve decided to cut its reference interest rate arguing inflation was under control, Brazil's Central Bank decided the opposite and actually hiked 25 bases point its already high Selic benchmark from 10,50% to 10,75%.

• Thursday, September 19th 2024 - 07:35 UTC

  Bank of England decides on interest rate; UK August consumer inflation, 2,2%

  

  Consumer inflation in UK during August remained at an annual 2,2%, helped by lower fuel prices together with hotels and restaurant services, as reported by the Office of National Statistics, ONS Wednesday.

• Wednesday, September 18th 2024 - 08:02 UTC

  Argentine grain exports have to be completed in the Atlantic because of insufficient draft along the Parana waterway

  

  With the Parana crucial waterway again beginning to suffer the consequences of lack of a sufficient water level, making the loading of cereals and oil seeds at the main Argentine exporting port of Rosario, it is estimated that in the remaining months of the year, Bahía Blanca directly on the Atlantic will be receiving probably half a million tons of additional grains to dispatch.

• Wednesday, September 18th 2024 - 08:00 UTC

  Brazil/China peace plan, rejected by Kiev, considered a chance by Russia

  

  Brazil has positioned itself as neutral in the Ukraine war, refusing to join sanctions or provide military aid to Kiev, while proposing a peace initiative in cooperation with China. The joint Brazil/China peace plan or at least to end hostilities, has been defined by Ukrainian president Zelensky as “destructive”.

• Monday, September 16th 2024 - 10:01 UTC

  Milei launches “zero deficit” budget bill for 2025

  

  Argentine President Javier Milei appeared before Congress Sunday to submit the 2025 budget bill foreseeing an exchange rate of AR$ 1,207 against the US dollar and annual inflation reaching 18.3% after a projected Gross Domestic Product (GDP) growth.