Tag: South America

Brazil's unemployment rate for the three months ended July fell to 7.9%, data released on Thursday by statistics agency IBGE revealed. This is the lowest unemployment rate that Latin America's largest economy has experienced in this period over the past nine years. This drop in...

Currencies of resource-rich Latin American countries mostly declined on Monday after the Chinese government decided to implement its latest measure to support its flailing economy. The government halved stamp duty on stock trading in an effort to fuel demand. Brazil's real edged 0.2% against the...

Venezuelan inflation remained steady in July at 6.2%, central bank data published on Friday revealed. The country's inflation remained at the same level as in June, with inflation for the first seven months of the year combined amounting to 121.3%. Among the highest price hikes...

The Brazilian unit of Ford Motors Co confirmed that it has reached an agreement with the government of Bahia state in Brazil whereby the auto manufacturer will receive ownership of a factory complex located in the Camacari industrial park that was shut down in...

Chile's central bank cut its benchmark interest rate by 100 basis points to 10.25% as inflation in the country cools at a quicker pace than expected. Annual inflation in the South American nation slowed to 7.6% in June, beating market expectations. This is lower than...

Colombia's government presented its budget proposal for 2024 to Congress on Saturday. The proposal, worth 502.6 trillion pesos ($127.8 billion), costs 19% more than this year's budget, the country's finance ministry stated. 94.52 trillion pesos have been allocated to debt servicing, with a further 97.75 trillion...