Economy

Thursday, April 27th 2023 - 10:32 UTC
Argentina: US dollar recoils after Minister Massa's measures

After the “blue” (a euphemism for “black market”) dollar reached nearly AR$ 500 on Tuesday, Superminister Sergio Massa's measures “in order to avoid speculative maneuvers” resulted in a drop to AR$ 474, it was reported in Buenos Aires.
Thursday, April 27th 2023 - 10:27 UTC
How well did Uruguay do with S&P's latest ratings?

The credit rating agency Standard & Poor's Wednesday upgraded Uruguay BBB+, with a stable outlook, the highest level in the country's history, it was announced. This index reflects the level of risk involved in lending money to governments according to their economic conditions.
Wednesday, April 26th 2023 - 03:45 UTC
Debate in UK Parliament on impacts of Brexit; request for a public inquest

Brexit and its consequences is not a closed issue and remains very much alive. Not only did Scotland, Northern Ireland, Gibraltar reject Brexit, but other Overseas Territories such as the Falkland Islands have suffered from the 2016 initiative.
Wednesday, April 26th 2023 - 03:23 UTC
Germany divided on the idea of a four-day working week on full pay; ex communist landers and Free Democrats skeptical

Contrary to recent legislation in Chile and in other European countries, a survey found that 55% of people living in Germany do not consider four-day working weeks on full pay desirable, according to the results published on Tuesday. The four-day model, as opposed to the five-day workweek that is customary in most industrialized countries, has been the subject of many trials in recent times.
Tuesday, April 25th 2023 - 19:46 UTC
Argentine gov't losing grip: peso keeps plummeting

By Mordechai Taji – Argentina's authorities are losing grip of the economy as the “blue” (a euphemism for “black market”) dollar hit AR$ 497 Tuesday before recoiling to AR$ 487, then bouncing back to AR$ 490, down again to AR$ 487 and back up once more to AR$ 495 amid growing unrest.
Tuesday, April 25th 2023 - 12:57 UTC
“Blue” dollar hits AR$ 462 in Argentina

The “blue” (a euphemism for “black market”) dollar went up another AR$S 20 Monday to close at AR$ 462 and somehow match inflation in other items of the country's economy, which it was lagging.
Monday, April 24th 2023 - 17:02 UTC
Argentine inflation has the country printing money in France, Malta, Spain, China and Brazil

The explosive inflation situation in chaotic Argentina, close to 120% in twelve months, with the CPI at 7,7% in March ( and roaring during the three weeks of April) is showing that the country is incapable of supplying the necessary demand for bills and thus must appeal to the printing in foreign mint houses, of billions of Argentine bills.
Monday, April 24th 2023 - 16:53 UTC
ECLAC downgrades growth estimates to 1,2% this year for Latin America and the Caribbean

New projections released by the United Nations Economic Commission for Latin America and the Caribbean, ECLAC, estimate all sub-regions will experience lower growth this year compared with 2022.
Monday, April 24th 2023 - 16:32 UTC
Moscow warns Ukraine's Black Sea “export channel” conditioned by West obstacles to Russian trade

Moscow warned that the outlook for extending a deal beyond May 18 that allows the safe wartime export of grain and fertilizer from several Ukrainian Black Sea ports was “not great” as Russia’s own such exports still faced obstacles.
Monday, April 24th 2023 - 10:59 UTC
Brazilian official says Mercosur-EU deal may be closed this year

Márcio Elias, executive secretary of Brazil's Ministry of Development, Industry, Trade, and Services, said Sunday that the federal government intends to close the free trade agreement between Mercosur and the European Union this year.