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Montevideo, September 21st 2018 - 12:05 UTC

Stories for July 2017

  • Wednesday, July 5th 2017 - 08:11 UTC

    Argentine destroyer damaged as she leaves for international exercise

    The ARA La Argentina incident happened when the destroyer was involved in normal operations to abandon the port.

    Destroyer “La Argentina” was damaged when it rammed its bow against a jetty at the Punta Alta naval base while attempting to make it to the high seas. She is scheduled to join an international naval exercise in the Pacific and bring several helicopters on her return trip from Peru.

  • Wednesday, July 5th 2017 - 07:43 UTC

    Macri expects to talk Falklands with PM May at the G20 summit in Hamburg

    Macri and PM May met last September at a UN event in New York for world leaders hosted by then ex Secretary General Ban Ki-moon

    Argentine president Mauricio Macri is scheduled to meet in Hamburg with British Prime Minister Theresa May to reinforce cooperation and joint efforts but with the “difference” resulting from the dispute over the Falklands/Malvinas Islands remaining on the table, according to government sources in Buenos Aires.

  • Wednesday, July 5th 2017 - 07:30 UTC

    Britain's growth prospects downgraded because of “newly created uncertainty”

    The 2018 forecast reflects ”newly created political uncertainty”, lower business investment because of Brexit and weaker consumer spending.

    Economists have downgraded Britain’s growth prospects in the wake of political uncertainty following the general election and as a prolonged Brexit drag on business investment looms. New forecasts by the Centre for Economics and Business Research (Cebr) show that the UK economy will grow by just 1.3% in 2017, a substantial downward revision from an earlier forecast of 1.7%.

  • Wednesday, July 5th 2017 - 07:18 UTC

    Hammond tells business leaders that jobs and prosperity are first priorities of Brexit negotiations

    Hammond said the UK government had to “focus relentlessly” on the key components of a free trade deal and customs agreement that “minimizes friction”

    Brexit is not a dominant issue for European Union countries, Chancellor of the Exchequer Philip Hammond acknowledged as he called for jobs and prosperity to be the first priority in the negotiations. The Chancellor told business leaders that the UK had to remember that Brexit was “just one among many challenges” facing the other EU members.

  • Wednesday, July 5th 2017 - 03:31 UTC

    Brazil records brand new car sales recovery in first half of 2017

    Brazil has been a traditional top-10 global market for cars.

    The sale of brand new cars in Mercosur giant Brazil went up 3.65 percent in the first half of 2017 compared to the same period of 2016 and crossing the psychologically significant 1-million-unit mark, according to auto industry sources. Brazil has been a traditional top-10 global market for cars.

  • Wednesday, July 5th 2017 - 03:14 UTC

    Aerolineas carries 30% more passengers in first semester compared to 2015

    ”I was said to be coming to lead the downsizing,” Dell'Acqua pointed out ironically.

    Aerolineas Argentinas' CEO Mario Dell'Acqua Tuesday announced the national flag carrier had transported just over 6.2 million passengers, 30 percent more than the 4.5 million transported in the same period of 2015, the company's best year in that regard. In 2016 the figure was of around 5.5 million.

  • Wednesday, July 5th 2017 - 02:29 UTC

    Tabaré Vázquez concerned about Mercosur's political volatility

    Vázquez said the EU agreement should top the agenda during Mercosur's next summit.

    Uruguayan President Tabaré Vázquez Tuesday said that there are many internal problems in the countries that make up Mercosur, but that he was also “confident” that the main achievement this year will be the free trade agreement with the European Union.

  • Wednesday, July 5th 2017 - 01:34 UTC

    Tobacco 2017 harvest a boost for Cuban economy

    A successful tobacco harvest, yet below early estimates.

    Cuba's economy is to receive a significant boost from one of its main industries, as tobacco leaf production reached 19,000 tonnes this year, the best harvest of the last decade, it was announced Tuesday in Havana. The figure represents success, but it is still far below the 30,000 tonnes from early estimates.

  • Wednesday, July 5th 2017 - 01:15 UTC

    Macri tries to calm down Argentines as US dollar goes up

    Macri also said that fluctuations in the exchange rate are part of the ”supply and demand flows.

    Argentine President Mauricio Macri Tuesday said Argentines should “not worry about the dollar,” as the US currency rose 13 cents, closing at AR$ 17.18. It will “benefit regional economies and job creation,” he added during a radio interview.

  • Tuesday, July 4th 2017 - 02:57 UTC

    Announcement in Madrid: EU-Mercosur deal likely by end of year

    “I firmly believe that we can reach a balanced and mutually beneficial agreement...,” Malmström said.

    European Union (EU) Trade Commissioner Cecilia Malmström said Monday in Madrid that the EU bloc “hopes to announce a political agreement for this Christmas in Buenos Aires” with Mercosur “even though technical aspects remain to be discussed.”