Economy

• Tuesday, October 3rd 2023 - 09:59 UTC

  Argentina: Digital currency bill will not wait until election day

  

  Argentina's Economy Minister and presidential candidate Sergio Massa announced Monday that he would not wait for the results of the Oct. 22 polls to send to Congress the bill for the creation of the new digital currency he announced during Sunday's electoral debate. “We are going to launch the Argentine digital currency,” Massa told the C5N network.

• Tuesday, October 3rd 2023 - 09:43 UTC

  Uruguayan exports keep downhill path

  

  According to a foreign trade study by the Uruguay XXI Institute released Monday in Montevideo, the South American country's exports continued to fall in the month of September by 9% year-on-year and 18% so far in 2023.

• Monday, October 2nd 2023 - 09:25 UTC

  US: Last-minute proposal to avert shutown passed

  

  A last-minute temporary funding measure to prevent the US government from shutting down has been approved by the House of Representatives, it was reported in Washington DC. The measure does not include additional funding for Ukraine or border security, it was also explained.

• Monday, October 2nd 2023 - 09:07 UTC

  British national living wage is set to increase to £11 an hour from next April, Chancellor Hunt

  

  The British national living wage is set to increase to at least £11 an hour from next April, Chancellor of the Exchequer Jeremy Hunt is expected to confirm this Monday in a speech to the Conservative Party conference. The move will benefit two million of the lowest-paid workers, according to an advance of the speech shown to BBC.

• Monday, October 2nd 2023 - 07:11 UTC

  Credit Suisse agrees with Mozambique to settle a US$ 1,5bn tuna bonds fraud case

  

  Credit Suisse reached a last-minute settlement with Mozambique on Sunday in a US$1.5-billion (€1.42 billion) bribery and fraud case, its owner UBS was quoted as saying by Bloomberg news agency, a day before a London trial was due to start.

• Sunday, October 1st 2023 - 10:25 UTC

  Argentine presidential candidate Milei: “Should we dollarize?” or rather “Why should we keep the peso?”

  

  Next 22 October a presidential election will take place in Argentina, South America's second-largest economy and three candidates are competing for the job, Sergio Massa, the incumbent, Patricia Bullrich, from the traditional opposition when two coalitions prevailed in the Argentine political system, and Javier Milei, a declared libertarian, economist, and if published Argentine opinion polls can be trusted, the front runner.

• Friday, September 29th 2023 - 09:27 UTC

  Trade deal between Paraguay and the United States extended until 2025

  

  Authorities from Paraguay and the United States agreed in Asunción this week to extend until 2025 an agreement in place since 2019 to expedite the exchange, marketing, importation, and exportation of agricultural products.

• Friday, September 29th 2023 - 08:50 UTC

  Argentina: “Blue” dollar back on the rise

  

  The so-called “blue” (a euphemism for “black market”) US dollar climbed sharply against the Argentine peso on Thursday, reaching a rate of US$ 1 = AR$ 790, it was reported in Buenos Aires. This was the highest rate since August 16, when it reached AR$ 795, and represented an increase of AR$ 43 in three days and AR$ 15 in just one day.

• Friday, September 29th 2023 - 08:04 UTC

  China's leading property company again in financial trouble: debt of US$ 328 billion

  

  Trading of shares in Chinese property giant Evergrande and its two subsidiaries was suspended in Hong Kong on Thursday. A market statement on the Hong Kong Stock Exchange did not explain why trading in Evergrande Group's securities, and share certificates of Evergrande Property Services Group and Evergrande Electric Vehicle Group was halted.

• Wednesday, September 27th 2023 - 09:11 UTC

  Biden in Detroit supports and joins striking auto workers union

  

  United States President Joe Biden flew to Detroit on Tuesday where he joined members of the striking United Auto Workers , UAW, union on the picket line. The visit is thought to have been the first time a US president has ever joined striking workers.