News of economy

Argentina makes US$334-million interest payment to IMF

02-08-2021 18:57 Argentina makes US$334-million interest payment to the International Monetary Fund.

Peru's new finance minister says president backs economic agenda

02-08-2021 14:37 Peru’s Finance Minister Pedro Francke , a former World Bank economist, says he has been given assurances from the new government that he’ll be able to implement his economic programme.

Water crisis threatens grain, iron transport on key Brazil river

29-07-2021 16:12 Brazil issued a provisional measure to authorise exceptional and temporary efforts to optimize the use of hydro-energy resources and secure energy supply as country faces one of its worst water crisis.

WTO: Argentina among top 15 countries with most import barriers

28-07-2021 22:00 New WTO and UNCTAD technical report warns country is among those which slap the most levies on the entry of products, with Brazil next in 16th position.

Former vice-president Amado Boudou granted parole

23-07-2021 15:33 Argentina’s former vice-president, jailed for crimes related to the irregular acquisition of a major money-printing firm, granted parole after serving two-thirds of his 70-month prison sentence.

Echoing Trump, Bolsonaro attacks voting system ahead of elections

23-07-2021 02:51 President Jair Bolsonaro has ramped up his attacks on Brazil's long-established electronic voting system, suggesting he is bracing for defeat in elections next year – and to fight back, analysts say.

Private firms predict inflation will exceed 48% this year

20-07-2021 19:46 Several inflation projections for this year now top 50% – way above the government's stated target of 29%.

Sergio Chodos: ‘The fundamental thing is to get out of excessive debt’

20-07-2021 17:03 IMF Executive Director of the Southern Cone was a key member of the committee accompanying Economy Minister Martín Guzmán at the recent G20 summit. “The meeting with Janet Yellen was very good,” he reveals, regarding the US Treasury Secretary.

by Leandro Dario

Foreign tourist numbers down 90% in first five months of year

16-07-2021 00:42 Barely 6,800 tourists entered the country in May, while there were 30,000 residents travelling in the opposite direction.

Argentina spawns another FX rate as government clamps down

15-07-2021 14:49 Government steps to regain control over Argentina’s chaotic currency market has led a new unofficial exchange rate to rise to prominence.

Cracks emerge in Mercosur trade bloc as Uruguay looks to go it alone

09-07-2021 03:18 Deep cracks emerge in Mercosur trade bloc, as Uruguayan President Luis Lacalle Pou says he wants to negotiate trade deals without approval from other member nations.

US stocks fall amid worries over growth, Delta strain

08-07-2021 11:53 Wall Street stocks tumbled, threatening global growth due to bond yields and increasing prevalence of the Covid-19 Delta variant.

Biden reaffirms support for Venezuela opposition leader Guaidó

06-07-2021 15:27 Joe Biden reaffirms US support for Venezuelan opposition leader Juan Guaidó, even in the midst of efforts to resume negotiations with President Nicolas Maduro's government. 

Venezuela's Maduro blows hot and cold in bid for sanctions relief

06-07-2021 15:19 Embattled Venezuelan leader is hoping such assurances on upcoming elections will lead to a softening of the economic sanctions hanging over the country.

Historic global tax deal backed by 130 nations

01-07-2021 23:08 A total of 130 countries, including Argentina, agree global reform to ensure multinationals pay at least 15% tax wherever they operate. Move could add some US$150 billion to government coffers worldwide.

Argentina slows peso devaluation in an attempt to curb inflation

01-07-2021 07:55 Policy makers see slower peso depreciation, managed by the Central Bank in a so-called 'crawling peg,' as a key tool to curb rising inflation expectations.

In world’s worst Covid vaccine line, you wait hours and still get nothing

26-06-2021 00:06 Venezuelans wait in line for hours to receive a dose of the vaccine. Many leave without jabs in their arms.

Venezuela's public sector surviving on 'starvation salary’

25-06-2021 23:46 Highest monthly salary for someone working in public administration is less than US$10 – many working in the public sector now take second or even third jobs to make ends meet.

Brazil environment minister resigns amid graft investigation

24-06-2021 09:46 Ricardo Salles announces resignation, just over a month after the Supreme Court ordered an investigation into allegations he was involved in a timber-trafficking scandal.

Latin America rate hike pressure grows as Chile signals lift-off

24-06-2021 09:11 A shift toward tighter monetary policy is quickly taking shape across Latin America. Central banks played a crucial role in the region’s economic response to multiple waves of the coronavirus.