Economy

Monday, August 28th 2023 - 08:20 UTC
Massa announces measures for the poorest leading up to the elections

Argentina's Economy Minister and presidential candidate on behalf of the Ruling Unión por la Patria (UP) Sunday announced a series of measures towards improving the people's situation through the current crisis ahead of the Oct. 22 elections.
Sunday, August 27th 2023 - 00:37 UTC
Brighter future ahead for businesses in Latin America

According to a study by the Fundação Getúlio Vargas (FGV) released Thursday, businesses in Latin America are up to their best level in two years after hitting unusual lows from the third quarter of 2022 through the second quarter of 2023.
Sunday, August 27th 2023 - 00:22 UTC
Uruguayan wages already at pre-pandemic levels, minister says

Uruguay's Finance Minister Azucena Arbeleche Friday said her country's wages were competitive for workers and had already reached pre-pandemic levels and would hopefully continue to rise in the coming years.
Saturday, August 26th 2023 - 19:18 UTC
Chilean economy in recession: declines in consumption and investments

Chile’s economy has contracted for three consecutive quarters, with significant weakness in household consumption and decline in investments. The last negative figure was reported last week by the Central Bank, showing GDP contracted by -1.1% over the same period between April and June 2023. previous year.
Saturday, August 26th 2023 - 19:03 UTC
China insists in taking over Rio Grande port in Patagonia as established in a MoU with Tierra del Fuego

One of Buenos Aires' main dailies, La Nacion, is reporting that China will not back down from its port plan in Patagonia, as promised by the regional and national governments. In early June, Argentine Governor of Tierra del Fuego Gustavo Melella revived an old controversy concerning a deal with a Chinese company to build a multipurpose port in Rio Grande
Saturday, August 26th 2023 - 18:56 UTC
Brazil assessing risks and reactions from a sustained slowdown of China's economy

The slowdown of the Chinese economy, where Brazil shipped 30% of its exports in the first seven months of the year are underscoring the nation’s substantial vulnerability to the fluctuations in the Asian giant, and President Lula da Silva electoral promises of a quick recovery to his followers.
Saturday, August 26th 2023 - 16:44 UTC
Main opposition candidates against Argentina joining BRICS

Libertarian Congressman and Presidential candidate Javier Milei Thursday rejected Argentina joining the BRICS on the ground that “I will not promote a deal with Communists.”
Thursday, August 24th 2023 - 11:46 UTC
Argentina is invited to join BRICS along with six other countries

The BRICS group, consisting of Brazil, Russia, India, China, and South Africa, has announced its plan to expand its membership by adding six new countries, including Argentina. The decision was revealed during a press conference jointly conducted by South African President Cyril Ramaphosa and leaders from the existing BRICS nations.
Thursday, August 24th 2023 - 11:00 UTC
Paraguay reforms Finance Ministry

Paraguayan President Santiago Peña Wednesday signed into law a bill suppressing the Finance Ministry and creating a Ministry of Economy and Finance instead, it was reported in Asunción. The motion had been passed by the Lower House earlier this month.
Thursday, August 24th 2023 - 10:58 UTC
IMF Board approves US$ 7.5 bn disbursement for Argentina

The International Monetary Fund's (IMF) board of directors Wednesday approved a US$ 7.5 billion disbursement for Argentina, the South American country's Economy Minister and presidential candidate Sergio Massa announced from Washington DC. The decision was adopted unanimously, it was also explained.