News of economy

Brazil April inflation rate hits 26-year high

11-05-2022 16:18 Brazil's inflation rate hit a 26-year high for the month of April, the government said Wednesday, as spiralling prices continued to defy the central bank's push to rein them in.

Guzmán tells AmCham that Argentina needs ‘common sense,’ not ‘fairy tales’

11-05-2022 01:19 Argentina’s economy minister addresses coalition tensions and inflation at AmCham summit; Opposition leaders Horacio Rodríguez Larreta and Patricia Bullrich pitch their visions to business leaders.

A culture of irresponsibility

07-05-2022 00:02 Much as many dislike the idea, elected politicians have to take full responsibility for managing the country’s economy.

by James Neilson

Luciano Laspina: ‘The ideas Argentina needs today are similar to those pushed by Milei’

06-05-2022 00:01 Rosario-born economist and national deputy Luciano Laspina on Javier Milei, the Mauricio Macri government and the reforms Argentina needs to undertake.

by Jorge Fontevecchia

Argentina’s Ualá purchases e-commerce platform Empretienda

03-05-2022 14:14 Argentine fintech firm Ualá has bought the Empretienda e-commerce platform, its chief executive confirmed.

Two local banks allow customers to buy cryptocurrencies

03-05-2022 12:51 Banco Galicia, the country’s largest private bank by market value, and digital bank Brubank SAU will allow their customers to purchase crypto including Bitcoin, Ether and USDC starting Monday.

Ualá launches mobile payments for small businesses in Mexico

28-04-2022 10:19 Argentina’s Ualá mobile payments company is expanding into merchant services in Mexico.

Volatility roars back to Argentina's FX market on commodities drop

27-04-2022 20:26 Volatility has come roaring back to Argentina’s currency market.

Globant plans acquisitions to boost push into Asia and Europe

22-04-2022 18:37 Argentine software giant planning more growth through acquisitions that give it access to new markets and technologies.

Economy grew 9.1% year-on-year in February, says INDEC

22-04-2022 00:00 Argentina's economy regained momentum in February, growing at its fastest pace for several months.

Ualá founder raises US$30 million for LatAm venture capital fund

18-04-2022 15:13 Founder of Argentine fintech Ualá, Pierpaolo Barbieri, launches venture capital firm with US$30 million from a roster of investors.

Anything but a holy week

16-04-2022 00:01 Inflation at this level traps the government in the austerity it abhors since prices and government revenues both rising in real time leave wages and pensions trailing, thus turning the political debate into an uphill battle.

Argentina’s inflation surged to 20-year high in March

13-04-2022 21:07 Consumer prices in Argentina rose 6.7% in March, up 55.1% over past year; Rift between top two political leaders hampers inflation fight.

Chile shifts to damage control with new pension proposal

12-04-2022 18:37 Finance Minister Mario Marcel says Chilean government will submit a bill that will allow a withdrawal from pension savings for specific purposes, such as paying utility bills, alimonies, past-due mortgages and for a first home.

A demonised demon

08-04-2022 23:25 Vaccines against the coronavirus pandemic were discovered within a year but antibodies against inflation are still being sought after almost eight decades.

by Michael Soltys

Argentina, Bolivia call for preservation of democracy in Peru

07-04-2022 23:14 Luis Arce and Alberto Fernández express "concern" over events in Peru and called for “the attention of all Latin American leaders” to be directed at the troubled nation.

Seven Argentines make the cut on annual Forbes rich list of billionaires

07-04-2022 01:58 US magazine releases annual ranking of the richest businessmen in the world – who are they, how much do they accumulate over the past year and what is the size of their fortunes?

Wartime sunflower boom beckons for farmers on Argentina’s pampas plains

06-04-2022 15:21 Argentina is poised for a sunflower boom as farmers recalibrate plans in the wake of Russia's invasion of Ukraine.

War of the Roses: an inevitable divorce for Alberto & Cristina?

01-04-2022 21:47 Plenty of scenarios have been circulating over the past several weeks as the ruling Frente de Todos coalition endures an internal civil war between Kirchneristas and Albertistas.

by Agustino Fontevecchia

IMF admits new Argentina debt deal faces ‘high risks’

01-04-2022 19:50 Gerry Rice, spokesman for the multilateral lender, concedes agreement faces “high risks” due to social and economic situation, war in Ukraine.