Latin America

Wednesday, September 1st 2021 - 09:24 UTC
Inflation-15 in Brazil reached a twelve-month 9,30% in August

The anticipated inflation for the eighth month of the year in Brazil, which measures the second half of July and the first half of August, reached 0,89% according to the official stats office IBGE and is the highest since August 2002.
Wednesday, September 1st 2021 - 09:20 UTC
Chilean central bank surprises markets: basic interest rate doubled to 1,5%

The Monetary Council of the Chilean central bank surprised markets on Monday by deciding to increase the basic interest rate 75 base points to 1,5%, the highest jump since August 2001. According to a bank release, the decision from the council was unanimous, and well beyond market expectations that had estimated an increase of 25 to 50 base points.
Wednesday, September 1st 2021 - 09:10 UTC
Ecuador wants to become full member of the Pacific Alliance

Ecuador has requested to become a full member of the Pacific Alliance, an issue that was discussed by the country's president Guillermo Lasso during a recent visit to his Mexican peer Andres Manuel Lopez Obrador. Mexico allegedly announced its full support for Ecuador to join the four countries, Mexico, Colombia, Peru and Chile block, considered the most dynamic of the Americas.
Wednesday, September 1st 2021 - 09:03 UTC
Bolivia's economy shows positive signs of recovery

Bolivia's General Index of Economic Activity (IGAE) showed an 8.7% growth in the first semester of 2021, Economy and Public Finance Minister Marcelo Montenegro announced Tuesday.
Wednesday, September 1st 2021 - 08:58 UTC
WHO names coronavirus Colombian strain “Mu” and says it is “of interest”

The World Health Organization (WHO) has identified a new SARS-Cov-2 variant which has been named “Mu” and was first detected in Colombia last January.
Tuesday, August 31st 2021 - 09:45 UTC
Mercosur meat exports facing shortage of containers and regular vessels

Disruptions of global maritime transport and major rivers struck by insufficient water flow to allow vessels to navigate are threatening beef exports Mercosur, including Brazil, Uruguay and Paraguay, when prices for food commodities are rising all over the world.
Tuesday, August 31st 2021 - 08:58 UTC
Piñera's “Ten Pillars” to save water in drought stricken Chile

Chile presented on Monday a “Plan to combat Drought” to increase the provision of water and improve its efficient use thus ensuring the supply for human consumption and the production of food.
Tuesday, August 31st 2021 - 08:53 UTC
Argentina, Cuba ratify willingness to strengthen bilateral ties

Argentina's International Economic Relations Secretary Jorge Neme held a meeting Monday in Havanna with Cuba's Foreign Minister Bruno Rodríguez, during which both countries ratified their intention to strengthen bilateral ties.
Monday, August 30th 2021 - 09:48 UTC
New limits dispute arises between Chile and Argentina

A new controversy regarding boundaries between Chile and Argentina has erupted following the issuance of charts allegedly violation of a 1984 treaty.
Monday, August 30th 2021 - 09:38 UTC
Chile and Argentina agree to discuss ongoing continental shelf differences south of Cape Horn

Chile and Argentina have resurfaced an ongoing dispute over the extent of the continental shelf in the extreme south of the South American continent, but hopefully, both sides have agreed to sit and discuss the issue bilaterally, peacefully and abstaining from any statement and/or action that can hamper the process of a harmonious dialogue.