Ushuaia, capital of Argentine Tierra del Fuego is expecting some 300 calls this 2017/18 cruise season, involving 42 vessels, 31 of which will be travelling on to Antarctica, according to InFueTur, the Tierra del Fuego tourism office.Add your comment!
UK's credit rating has been cut over concerns about the country's public finances and fears Brexit could damage the country's economic growth. Moody's, one of the major ratings agencies, downgraded the UK to an Aa2 rating from Aa1.Add your comment!
Brazil’s central bank trimmed its inflation forecast on Thursday and said it expected economic growth to pick up into next year, painting a rosier picture for Latin America’s largest economy as interest rates approach record lows.2 comments
Chile’s central bank said it had revoked a reciprocal credit line with its Venezuelan counterpart, citing what it called Venezuela’s failure to pay back its debts. In a statement, Chile’s central bank said it had notified Venezuela’s central bank and that the line would be cancelled within 10 days.6 comments
Brazilian officials plan to visit Venezuela next week to prevent Caracas from defaulting on contracts worth as much as US$5 billion after falling in arrears on a payment due to infrastructure contractors this month, newspaper Folha de Sao Paulo reported on Thursday.1 comment
The sale of tickets for the scheduled air service to the British Overseas Territory of St Helena went live on Friday. Airlink will operate a weekly service between St Helena and Johannesburg and St Helena and Cape Town, via the stopover at Windhoek International Airport in Namibia. Flights will commence on Saturday, October 14.Add your comment!
The Secretary of State for Scotland, David Mundell, will start an official visit to Argentina during which he will hold meetings with national authorities, private sector representatives, and members of the civil society. The purpose of his trip to South America, which started on Tuesday with a visit to Paraguay, is to promote Scottish business interests and build cultural and educational links.Add your comment!
Petrobras raised US$2 billion from the sale of seven- and 10-year securities, replacing more expensive shorter-dated bonds as it seeks to trim a debt burden that is the largest among major oil firms. Petrobras sold US$1 billion each worth of senior unsecured bonds due in 2025 and 2028, respectively. Market experts said Petrobras sold the January 2025 bond at a yield of 5.3%, and the January 2028 bond at 6%.1 comment
US current account deficit, which is the broadest measure of US trade, rose to US$123.1bn in the second quarter - its highest level since 2008. The rising gap was driven by a US$5.2bn fall in income receipts from foreigners, particularly in government fines and penalties.Add your comment!
Argentina’s 2018 budget bill forecasts economic growth of 3.5% next year and average annual inflation of 15.7%, Treasury Minister Nicolas Dujovne told Congress. The bill proposes a 2018 primary fiscal deficit of 3.2% of gross domestic product (GDP) as previously announced.Add your comment!