Economy

Wednesday, November 8th 2023 - 19:06 UTC
Brazil to become world's leading chicken meat exporter in 2024

According to the United States Department of Agriculture (USDA), global chicken meat exports are expected to reach at least 14 million tons next year, marking a 2.91% growth compared to this year’s exports.
Wednesday, November 8th 2023 - 10:55 UTC
Argentina makes payment to IMF in yuan

Argentina has complied with the payment of interests to the International Monetary Fund for US$ 790 million, it was reported Tuesday in Buenos Aires.
Wednesday, November 8th 2023 - 09:01 UTC
Peña praises ECLAC and wants more Chilean investments in Paraguay

Paraguayan President Santiago Peña spoke Tuesday in favor of free trade and environmental protection during his appearance before the Economic Commission for Latin America (ECLAC) at its Santiago (Chile) headquarters.
Tuesday, November 7th 2023 - 10:17 UTC
Moody's says adjustment in Argentina inevitable

A recent report from Moody's heralded that a macro-fiscal adjustment is inevitable in Argentina regardless of who wins the Nov. 19 runoff between Economy Minister Sergio Massa and Libertarian Congressman Javier Milei.
Tuesday, November 7th 2023 - 09:46 UTC
Falklands planning to redesign new themes on the Islands' banknotes; public consultations

The Falkland Islands Treasury Department is launching two consultations concerning changes to Falkland Islands currency and is keen for the public to provide their feedback. The consultations cover:
Tuesday, November 7th 2023 - 09:21 UTC
Importance of Brazilian SMEs highlighted

According to a study released Monday, small businesses account for 71% of the jobs created in Brazil until September this year, Agencia Brasil reported. The document showed some 1.5 million work opportunities had been opened nationwide, 211,764 of them formal.
Tuesday, November 7th 2023 - 08:25 UTC
Biden envoy visiting Chile, Uruguay and Paraguay

US Undersecretary of State for Economic Growth, Energy and Environment, José W. Fernández is on a South American tour with stops in Uruguay, Chile, and Paraguay to boost green energy developments in the region.
Monday, November 6th 2023 - 09:14 UTC
AP Moller-Maersk cutting jobs as global shipping business declines strongly

AP Moller-Maersk announced it will be cutting 3,500 jobs because of a downturn in business. This adds to another 6,500 jobs cut earlier this year. The Danish company one of the largest global shipping enterprises said profits plunged 92% and a policy of rigorous containment had to be applies. It said “worsening” prices for shipping by sea required further job cuts.
Sunday, November 5th 2023 - 10:23 UTC
UK economy on flat growth track, with decreasing inflation, BoE report

The UK economy is on flat growth for a couple of years, while government forecasts of greater activity vanish, and the Bank of England could still rise interest rates further. In effect the BoE has warned rates will remain high for some time or even rise higher. Rate currently stands at 5,25%, the highest in fifteen years.
Friday, November 3rd 2023 - 08:59 UTC
Paraguay just one notch short of Fitch's investment grade

Paraguay was given a BB+ rating in Fitch's latest report, which is one step away from investment grade. Although in Asunción the South American country's Economy Ministry highlighted the achievement, the agency also warned about challenges in terms of credibility.