News of economy

Pandemic slashes pay for workers in Latin America’s black economy

31-07-2021 00:28 Latin America's job market is going deeper into the dark, with a surge of off-the-books employment trapping millions in an abyss of worse pay, unstable work and dependence on government aid.

‘PyMEdemia’ – 20,000 SMEs closed, 100,000 jobs lost in 2020, says report

31-07-2021 00:07 New Ecolatina report says the number of small and medium sized companies in Argentina has dropped to 2008 levels in the midst of the coronavirus pandemic.

Government speeds up money printing ahead of election

28-07-2021 17:00 Central Bank was printing money for the Treasury at the fastest pace so far this year in July.

Mightier than the dollar

24-07-2021 00:34 The successive fates of the austral and convertibility would suggest that Argentina’s currency is like Icarus – the closer it flies to the sun, the harder the economy crashes.

by Michael Soltys

Felipe Solá: Brazil's 'hostile attitude has killed debate within Mercosur'

22-07-2021 22:01 Argentina’s foreign minister slams Brazilian government during visit to Rio to mark 30th anniversary of nuclear accord between two nations.

INDEC: Economic activity in May fell 2% from previous month

21-07-2021 22:00 Argentina's economy grew 13.6% in May year-on-year, but declined 2% on the previous month, reports INDEC.

María Apólito: ‘Argentina must export more intellectual property and patents'

17-07-2021 10:55 Argentina's software industry employs around 120,000 people. The government wants to raise that figure to half a million by 2030. Biotechnology and satellites targeted as other areas of high potential, says government’s Knowledge Economy Undersecretary María Apólito.

by Leandro Dario

Domingo Cavallo: ‘It'd be good if the government had a bad election’

17-07-2021 09:18 Economist, former government minister and ex-Central Bank chief warns that Argentina’s economy is “very badly oriented” and calls for a “major reorganisation.”

by Jorge Fontevecchia

Alberto and Cristina reunite to chart economic course for campaign

14-07-2021 14:27 President Alberto Fernández and Vice-President Cristina Fernández de Kirchner huddled with Santiago Cafiero, Martín Guzmán and Axel Kicillof recently at the Olivos presidential residence. Sides agreed on no more austerity in order to inject money into upcoming electoral tussle.

by Rosario Ayerdi

Argentina imposes new restrictions on parallel exchange rates

11-07-2021 08:31 Government moves to limit operations in the parallel exchange rate known as the blue-chip swap rate.

Venture capital surge delivers record for 'unicorn births'

08-07-2021 11:41 According to a report by US-based firms, startups globally raised $156 billion between April and June, the highest level in a decade for the second quarter.

Argentina's industry posts worst drop since beginning of pandemic

07-07-2021 22:01 Manufacturing sector posts worst decline in more than a year, reinforcing analysts' view that the economy contracted in the second quarter.

Hotels in Buenos Aires face long night of Covid-19

04-07-2021 00:38 Federal Capital is home to almost 900 hotels, of which roughly 70% are shuttered. Hoteliers say they’re in “total despair,” with tourism unlikely to rebound anytime soon.

Global tax overhaul nears historic deal amid last-minute hurdles

03-07-2021 13:31 Deal is a victory for the Joe Biden administration and its global allies, although it still faces multiple significant obstacles to completing an ambitious plan that has been years in the making.

Economic activity dropped 1.2% in April from previous month

30-06-2021 09:17 Argentina’s economy contracted more than expected in April 2021, thanks in most part to restrictions and conditions imposed by the coronavirus pandemic.

Lithium nationalism is taking root in region with most resources

29-06-2021 09:11 Politicians in Latin America, a region that accounts for more than half the world’s lithium resources, are looking to increase the role of the state in an industry that’s crucial for weaning the world off fossil fuels.

Can Maduro’s reluctant reforms halt Venezuela’s economic freefall?

25-06-2021 23:36 New policy mix bears little resemblance to the neo-Marxist “Socialism of the 21st century” that Venezuela pursued under the late Hugo Chávez.

Nicolás Maduro: ‘The sanctions are illegal, immoral and should be lifted'

25-06-2021 23:30 Venezuela, says Nicolás Maduro, has broken free of "irrational, extremist, cruel" US oppression. But in between his denunciations of Yankee imperialism, the president is making a public plea and aiming it directly at Joe Biden. The message? It's time for a deal.

Paris Club says Argentina has committed to IMF deal by next March

23-06-2021 18:50 The government has committed to reaching an agreement with the International Monetary Fund no later than the end of March as part of an understanding with the Paris Club to avoid default.

Guzmán confirms Argentina has reached deal with Paris Club

22-06-2021 18:04 Economy Minister Martín Guzmán confirms Argentina had reached an agreement with the Paris Club of creditor countries to avoid defaulting on a loan repayment in July.