Argentina announced it has approved the emergency use of the Indian-made Covishield vaccine. Health Minister Ginés González García signed a decree granting "emergency authorisation" for the the use of the vaccine, produced by India's Serum Institute. The Covishield vaccine is essentially the same as the British developed AstraZeneca/Oxford vaccine that previously received approval on December 30.
Argentina's Rede Oil SAS has unveiled a proposal to install new low-cost service stations across the country, intended to serve communities that do not have access to a nearby fuel pump. The new low cost stations will feature pumps for multiple fuels, lubricants, a LiderMarket c-store with food and beverages, and basic automotive services offering.
Argentines are turning to short-term deposits in the face of inflation and devaluation fears. The percentage of money in two-month peso instruments increased to 82 percent on February 1, compared to 73 percent in January 2020 and 6 percent in the same month of 2019, according to Central Bank data. On the other hand, deposits linked to inflation increased 81 percent during the last year.
UVA fixed-term deposits rose from Ar$56.65bn ($641.17m) in 2019 to Ar$70.32bn ($795.89m) in 2020, a growth of 24%, according to data from Argentina's central bank. These deposits tripled the growth of traditional deposits, which grew only 8% in 2020. However, UVA deposits represent only 3% of total deposits in Argentina. Source: El Cronista
Brazil's major retailers are preparing a complaint to the country's competition regulator, CADE, against MercadoLibre. The shops - which, because of the pandemic, have concentrated much of their activity in e-commerce - accuse the regional giant's subsidiary of distorting the market and engaging in unfair competition practices. The company denies this.