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Current Edition
Monday, May 2nd 2016 - 08:13 UTC

Argentines worried about inflation and unemployment; fuels increase 10% in May

An overwhelming majority of respondents, 86% said inflation is the major concern, triggered by “the hikes in power and gas rates”

A clear majority of Argentines are most worried about inflation and unemployment, a report by the D’Alessio IROL and Berenzstein private consulting agencies have showed.

Monday, May 2nd 2016 - 08:07 UTC

Chile's economy slows down and unemployment climbs higher that forecasted

Unemployment rose to 6.3% from 5.9% in the month-earlier period and from 6.1% the year earlier, the statistics agency reported last Friday.

Chile's jobless rate rose more than expected in the first quarter as two years of sluggish growth finally caught up with the labor market, signaling stronger headwinds for South America's wealthiest economy.

Monday, May 2nd 2016 - 07:54 UTC

Argentine needs US$ 37bn to address the budget deficit and foreign debt payments

The government will “very soon” issue a new Treasury note to capture dollars that are being stored “under the mattress”, Finance Secretary Luis Caputo said.

Argentina will issue a fresh round of dollar-denominated debt notes worth an estimated US$8 billion in the next few days, top officials from the Finance Ministry confirmed. The government will “very soon” issue a new Treasury note to capture dollars that are being stored “under the mattress” in a process that will kick off with a meeting with bankers, Finance Secretary Luis Caputo said.The Argentine government hopes to bring in US$5 billion through the issuance.

Monday, May 2nd 2016 - 05:56 UTC

Maduro announces 30% increase in the minimum wage

The new minimum is equivalent to US$ 1.500 at the official exchange rate, but around US$ 50 at the current black market rate

Venezuela's president Nicolas Maduro has ordered a 30% increase in the minimum wage, the latest move by the socialist government to grapple with high inflation and economic stagnation.

Monday, May 2nd 2016 - 05:42 UTC

Rousseff pledges “to fight to the end” and some groups anticipate “civil disobedience”

“If they can do this to me, what will they do to working people?” she asked, announcing a new increase to the family allowance program called Bolsa Familia.

Brazil's populist president Dilma Rousseff vowed at a protest on Sunday, International Labour Day, that she would go down fighting ahead of what could be her final full week in power before impeachment.

Monday, May 2nd 2016 - 05:34 UTC

Venezuela moves local time 30 minutes up, back to normal

The measure is part of a government plan to attend to the electrical and water emergency caused by the drought, aggravated by this year's El Niño

Venezuelan government on Sunday moved local time up 30 minutes, to four hours behind UTC, with an eye toward dealing with the emergency caused by the ongoing severe drought. The time change will enter into effect as of this month and brings Venezuela back to the time schedule that prevailed until 2007, when the government shifted the nation's clocks back by half an hour.

Sunday, May 1st 2016 - 13:45 UTC

Consumers want seafood traceability, according to survey commissioned by MSC

In 21 countries 65% of consumers said they would like to know that their fish can be followed along the supply chain to a sustainable source.

The results of the latest market study commissioned by the Marine Stewardship Council (MSC) reveal an interest among consumers in seafood traceability. Surveys conducted among more than 16,000 seafood consumers globally indicate that over 55% do not trust the labeling of the seafood they consume. In Spain, this value is even higher: 61% of Spanish seafood consumers doubt whether the products they consume are what their packaging reads.

Sunday, May 1st 2016 - 13:43 UTC

Magallanes region unemployment during the first quarter reached 3.1%

By gender men's unemployment reached 3.4%, half a point percentage increase over a year ago and for women there was a 0.6 percentage point drop to 2.6%.

Magallanes Region in the extreme south of Chile has an unemployment rate of 3.1% during the first quarter of the year, which represents a 0.1 percentage point increase over the same period a year ago, according to the latest stats.

Sunday, May 1st 2016 - 08:55 UTC

International Trade Union Confederation May Day Statement - 2016

 ”When political and corporate leaders conspire to hide the vast wealth of the 1%, avoiding the taxes that are the bedrock of social protection, then all are vulnerable.

”Today is a day to celebrate the achievements that through generations union men and women have won: peace, democracy, rights and decent work for millions of people.

Saturday, April 30th 2016 - 13:52 UTC

South Atlantic poacher Hua Li 8, arrested by Indonesian for illegal fishing

On January 29, the Chinese flagged Hua Li 8 was detected fishing within the EEZ of Argentina, but managed to escape

Almost two months of efforts coordinated by Interpol with the cooperation of seven countries on four continents, the Indonesian Armed Forces arrested one of the most wanted poaching fishing vessels. On January 29, the Chinese flagged Hua Li 8 was detected fishing within the EEZ of Argentina, which triggered an immediate operation to arrest the vessel. But despite the display of patrol vessels and aircrafts, and warning shots, the vessel managed to escape.

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