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3 weeks ago | 
batimes.com.ar | Zijia Eleanor Song |Ken Parks |James Grainger
Membership in one of the world’s most protectionist trade blocs will help shield Paraguay from the worst of near-term disruptions caused by US tariffs, the country’s finance chief said in an interview.
Amid escalating global trade tensions, Paraguay is seeking to deepen political and economic ties with neighbouring countries like Brazil and Argentina within the Mercosur customs union, which includes those nations and Uruguay.
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1 month ago | 
batimes.com.ar | Ken Parks |James Grainger
Uruguay, a nation known for its love of red meat, is facing one of its biggest-ever retail investor fraud cases, with companies peddling cattle investments accused of bilking savers out of hundreds of millions of dollars.
Beef is a major industry in Uruguay, whose national identity is tied to ranching and bountiful weekend barbecues.
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Jan 28, 2025 | 
batimes.com.ar | Ken Parks |James Grainger
Argentina’s wealthier neighbours are vacationing far less in the country as President Javier Milei’s currency policies turn a dreamy tourist bargain into an expensive outlier.
Tourists visiting from Uruguay and Chile – countries that boast higher per capita incomes than their larger neighbour — fell at least 30 percent in December from a year ago, according to Argentina’s INDEC national statistics bureau.
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Jan 14, 2025 | 
news.bloomberglaw.com | Ken Parks
Payment services provider DLocal Ltd. is analyzing whether to buy a smaller fintech rival this year after the company itself was the target of takeover proposals, Chief Executive Officer Pedro Arnt said in an interview Monday. DLocal, a business-to-business payments platform, wants an acquisition that brings new products and services or market share, especially outside of Latin America, Arnt added.
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Dec 6, 2024 | 
bnnbloomberg.ca | Ken Parks
(Bloomberg) -- The European Union and the South American Mercosur bloc clinched a long-sought trade deal over the vehement objections of France, which has pledged to lead a charge to obstruct its ratification.
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Nov 19, 2024 | 
finance.yahoo.com | Ken Parks |Daniel Cancel
(Bloomberg) -- Higher cattle prices are here to stay in Brazil even if ranchers bring more animals to market in the first quarter of 2025, according to the head of one of South America’s top meatpackers. “I don’t think we are going to return to the very low prices of the past,” Jair de Lima, chairman and founder of Frigorifico Concepcion SA, said in a video interview from the company’s headquarters in Asuncion, Paraguay.
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Oct 23, 2024 | 
news.bloombergtax.com | Ken Parks
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Oct 23, 2024 | 
news.bloomberglaw.com | Ken Parks
A subsidiary of Paraguayan meatpacker Frigorifico Concepcion sold a 3-year bond for 174.1 million bolivianos (about $25 million) on the Bolivian Stock Exchange, according to an emailed statement from the parent company.
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Oct 16, 2024 | 
batimes.com.ar | Ken Parks |Cimran Naik
In Latin America’s haven for the rich, Uruguayans are about to decide whether to overhaul their social security system in a controversial US$23-billion proposal that’s overshadowing the upcoming presidential election. Voters will also select new legislators when they head to the polls October 27, but it’s the push to enshrine major pension changes in the constitution that has captured the attention of everyday citizens and international markets.
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Sep 25, 2024 | 
batimes.com.ar | Ken Parks
Uruguay’s leading presidential candidate Yamandu Orsi of the opposition Broad Front would aim to achieve a primary fiscal surplus by the end of his term and might narrow the country’s inflation target range if he wins the October election, according to his pick for finance chief, economist Gabriel Oddone.
