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Montevideo, May 21st 2018 - 15:06 UTC

Stories for February 9th 2018

  • Friday, February 9th 2018 - 20:26 UTC

    Fed member forecasts three interest rate hikes this year

    Dallas Fed president Robert Kaplan said that any removal of stimulus would be done gradually and patiently, without pre-commitment to any particular rate path.

    The U.S. Federal Reserve is likely to continue removing policy accommodation gradually and could hike rates three times this year, Dallas Fed President Robert S. Kaplan told a business conference in Frankfurt on Thursday.

  • Friday, February 9th 2018 - 20:23 UTC

    US extends Timerman a new visa who can now fly to New York

    A month ago Timerman arrived at Ezeiza with the purpose of travelling to New York and was informed by American Airlines the State Department decision.

    United States handed this week a new visa to Argentina's ex foreign minister Hector Timerman, after having revoked the document almost a month ago. Current foreign minister Jorge Faurie was instrumental in obtaining the visa, according to Buenos Aires diplomatic sources.

  • Friday, February 9th 2018 - 20:18 UTC

    Brazilian current soy crop estimated at 110.4m tons, but 3.2% less than last year

    After a slow start, the rainy season has been beneficial for the soybeans since early November and as a result, Conabs soybean estimate could move higher. Pic: Cadu Gomes/CB/D.A Press

    In their latest monthly report, Conab (National Supply Company) increased their estimate of the 2017/18 Brazilian soybean crop by 1.2 million tons and they slightly increased their Brazilian corn estimate. Conab is now estimating the 2017/18 Brazilian soybean crop at 110.4 million tons which is 1.2 million tons more than last month's estimate (109.1 million tons). If realized, the 2017/18 crop would be 3.6 million tons lower than the 114.0 million tons produced last year (-3.2%).

  • Friday, February 9th 2018 - 20:10 UTC

    Essential EU poly-lingual staff for UK inbound tourism at risk with Brexit

    “The industry needs to hire poly-lingual graduates. This is a group of people the UK is not good at producing but the other EU countries are”. said Jenkins.

    The CEO of the European Tourism Association, ETOA, Tom Jenkins told Parliament that Brexit is already harming the inbound travel industry, damaging productivity and asked for assurances that hiring non-UK EU workers remains free from bureaucratic burdens, since language skills are particularly important in the industry.

  • Friday, February 9th 2018 - 20:00 UTC

    Five European countries have become a top travel destination for the US

    The U.K. saw the biggest increase in interest among U.S. travelers, rising from tenth to fifth place year over year.

    Europe is once again a top travel destination for Americans. Five European countries, Italy, Ireland, France, Iceland and the United Kingdom, comprised half of the top 10 spots for vacation plans in 2018.

  • Friday, February 9th 2018 - 19:58 UTC

    Cancelled Machu Picchu airport triggers international dispute between Peru and contractors

    The proposed Chinchero airport was aimed at helping tourists get to and from the Incan ruins of Machu Picchu, near the city of Cusco in southeastern Peru.

    The Peruvian-Argentine consortium Kuntur Wasi said that it plans to sue Peru in an international arbitration court after failing to reach a deal with the government over the cancellation of its US$525 million Chinchero airport project.

  • Friday, February 9th 2018 - 10:45 UTC

    Bank of England expects pace of interest rate increases to accelerate

    Bank of England said rates would need to rise “earlier” and by a “somewhat greater extent” than they thought at their last review in November.

    The Bank of England has indicated that the pace of interest rate increases could accelerate if the economy remains on its current track. Bank policymakers voted unanimously to keep interest rates on hold at 0.5% at their latest meeting. However, they said rates would need to rise “earlier” and by a “somewhat greater extent” than they thought at their last review in November. Economists think the next rate rise could come as soon as May.

  • Friday, February 9th 2018 - 10:31 UTC

    National Geographic apologizes for publishing Malvinas pictures as from the Falklands

    Last January it was announced that National Geographic February 2018 would document the Falkland Islands' diverse ecosystem by wildlife photographer Paul Nicklen.

    National Geographic has apologized to Tierra del Fuego governor Rosana Bertone for publishing in Instagram pictures identified as taken in the Falklands, instead of the Malvinas Islands. According to Ushuaia reports, aware of this situation, the Environment Secretary of Tierra del Fuego Mauro Pérez Toscani, on instructions from Ms Bertone addressed the National Geographic Foundation to express disappointment and demaning rectification of the Malvinas controversy.

  • Friday, February 9th 2018 - 10:16 UTC

    Brazilian inflation in January below the official Central bank target

    The report supported trader bets on a March interest rate cut even after the central bank stated on Wednesday it considered appropriate to end the easing cycle

    Lower power tariffs pulled Brazil's inflation rate below the official target range and even the lowest of forecasts in January. Consumer prices tracked by the benchmark IPCA index rose 2.86% in the twelve months through January, government statistics agency IBGE said on Thursday.

  • Friday, February 9th 2018 - 10:12 UTC

    Colombia and Brazil tighten controls along Venezuelan border: thousands pouring in

    Speaking in Cucuta Santos warned that his government would strictly prosecute any unlawful behavior by Venezuelans, amid concerns over rising crime.

    Colombia and Brazil tightened border controls with Venezuela on Thursday as both nations grapple with a mounting influx of hundreds of thousands of desperate migrants fleeing a worsening economic crisis In a visit to the border region, Colombian President Juan Manuel Santos said he would impose stricter migratory controls, suspend new daily entry cards for Venezuelans and deploy 3,000 new security personnel along the frontier, including 2,120 more soldiers.

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