Economy

• Saturday, April 22nd 2023 - 10:54 UTC

  Argentina: How did the President's announcement hit the foreign exchange market?

  

  President Alberto Fernández's announcement Friday that he would not seek reelection this year triggered the US dollar further up against the Argentine peso, reaching AR$437 / AR$442 (buy/sale) at the “blue” (a euphemism for “black market”) exchange rate. Meanwhile, the official rate stood at AR$217/AR$225 (buy/sale), for a gap of 102.26% between the two quotations.

• Saturday, April 22nd 2023 - 10:41 UTC

  Uruguayan banks and transport announce 24-hour strike for when?

  

  Uruguayan public transport drivers and bank clerks will stage a 24-hour nationwide strike to protest against President Luis Lacalle Pou's attempt to reform the country's pension system and increase the retirement age, which is causing concern, particularly when such a move was something the head of state had vowed during his campaign that he would not seek.

• Friday, April 21st 2023 - 10:08 UTC

  Except for Argentina, the ECLAC study highlights that in the region “inflationary pressures have slowed down”

  

  According to an ECLAC (Economic Commission for Latin America and the Caribbean: an organization of the United Nations that supports trade and economic growth in Latin America and the Caribbean) study released Thursday, Latin America's growth for the year 20023 was forecast to be averaging 1.2%.

• Friday, April 21st 2023 - 10:05 UTC

  Argentine peso keeps sinking against US dollar

  

  The Argentine peso kept sinking Thursday against the US dollar with the “blue” (a euphemism for “black market”) rate hitting AR$ 440 before closing at AR$ 437/AR$ 432 (buy/sale).

• Thursday, April 20th 2023 - 10:23 UTC

  How far up did the US dollar go Wednesday against the Argentine peso?

  

  Argentine Economy Minister Sergio Massa seems unable to find a way out of the country's current crisis. In this scenario, the “blue” dollar (a euphemism for “black market”) rose five more pesos Wednesday to close at AR$ 423 as the Central Bank (BCRA) ended with a negative balance of US$197 million, this bringing a streak of six positive rounds to an end. The country risk remained at 2,474 basis points, according to JP Morgan's index.

• Wednesday, April 19th 2023 - 10:44 UTC

  What triggered a new “blue” dollar rise in Argentina?

  

  Rumors about Economy Minister Sergio Massa's possible resignation, the “blue” (a euphemism for “black market”) US dollar rose again Tuesday against the Argentine peso. President Alberto Fernández was reported to have a name to replace Massa: that of his Chief Advisor Antonio Aracre, who turned in his resignation Tuesday afternoon in a move to appease the markets.

• Wednesday, April 19th 2023 - 10:35 UTC

  Which Latin American country is one of Russia's “most loyal partners”?

  

  During the second stop of his Latin American tour after Brasilia and ahead of Cuba and Nicaragua, Russian Foreign Minister Sergey Lavrov Tuesday said in Caracas in front of his local colleague Yván Gil Pinto that Venezuela was “without a doubt” one of Russia's “most loyal partners.”

• Wednesday, April 19th 2023 - 10:19 UTC

  UK twelve month inflation in March eases to 10,1%, but Food remains strong having risen 19,1%

  

  According to the Office for National Statistics, the consumer price inflation rate in the United Kingdom eased to 10.1% year-on-year in March 2023, down from 10.4% the month before.

• Wednesday, April 19th 2023 - 09:20 UTC

  Falklands collecting info for the launching of its Business Climate Survey 2023

  

  The Falkland Islands Development Corporation has launched the Business Climate Survey 2023 in partnership with the Falkland Islands Chamber of Commerce, the Falkland Islands Tourism Association and the Rural Business Association.

• Tuesday, April 18th 2023 - 10:50 UTC

  Argentina: “Blue” Dollar hits new ceiling of AR$ 408

  

  The “blue” (a euphemism for “black market”) dollar closed rose by AR$ 8 and closed at AR$ 408 Monday, reaching a new all-time high, it was reported in Buenos Aires. It had closed at AR$ 400 on Friday. The Argentine Central Bank bought US$ 73 million to add to its dwindled coffers.