Economy

Economy
Saturday, July 4th 2015 - 07:33 UTC

Greece 'Yes' and 'No' voters tied for Sunday's referendum, shows latest poll

“This is not a protest. It is a celebration to overcome fear and blackmail,” Greek Prime Minister Alexis Tsipras told a crowd of 25,000

Greeks packed city squares for dueling rallies late into the night Friday, as polls showed a dead heat between the 'yes' and 'no' camps ahead of a bailout referendum Sunday that could be Greece's most important vote since it joined the European Union.

Saturday, July 4th 2015 - 06:32 UTC

Uruguay experienced poor 2014/15 cruise season; costs in the region limited vessel calls

 The number of cruise calls in the 2014/15 season was down 27.4% this season and visitor landings, 18.9% pointed out minister Liliam Kechichian

The 2014/15 cruise season was not encouraging for Uruguay which reported a drop in the number of vessels calling; passenger landings and money spent by the industry and visitors, according to the official assessment of the season presented by Tourism ministry officials and other government offices involved in the different operations.

Friday, July 3rd 2015 - 08:16 UTC

Magallanes Region retains second lowest unemployment rate in Chile

Despite a 1.2 percentage points increase to 4%, Magallanes region is below Chile's national average of 6.6% unemployment

Unemployment in Magallanes Region, extreme south of Chile reached 4% in the March/May quarter, which is 1.2 percentage points higher than a year ago, and 0.3 percentage points more than the previous mobile quarter, according to the latest report from the country's Stats Office, INE.

Friday, July 3rd 2015 - 08:04 UTC

US jobless rate drops to 5.3% in June, but factory orders fell strongly in May

Employment gains in June were made across a number of sectors, particularly business services, health care, retail, financial activities and transportation

US employment rose by 223,000 in June, while the April and May figures were revised down, official figures show. May's figure was revised from a rise of 280,000 jobs to a rise of 254,000, according to the US Labor Department.

Thursday, July 2nd 2015 - 06:37 UTC

Pacific Alliance summit takes off in Peru with business conferences

The Business Summit is taking place on parallel with the participation of 30 international speakers, chief executives and business leaders from the region.

The Xth summit of the Pacific Alliance took off on Wednesday with the attendance of presidents from Chile, Colombia, Mexico and Peru at the Peruvian sea-side resort of Paracas.

Thursday, July 2nd 2015 - 06:24 UTC

Chile insists with Pacific Alliance/Mercosur intelligent convergence

“We're making concrete strides so that our markets are connected, generate competition, more investment and better opportunities” said minister Valdés

Chile will insist at the two-day Pacific Alliance summit which took off on Wednesday in Paracas, Peru, that a convergence with Mercosur is needed to ensure the integration of Latina America, and this is more evident now that both groupings face similar challenges such as falling prices for commodities, normalization of US monetary policy and an international context of slow growth.

Thursday, July 2nd 2015 - 06:13 UTC

Mercosur summit will establish 'action plan' to speed discussions with Europe

“Discussions with the EU continue to advance. We're planning a meeting next September between Mercosur members”, said Nin Novoa

The Mercosur Council will establish an “action plan” at the next Mercosur presidential summit scheduled for 16/17 July in Brasilia, when the group's chair for the next six months will be handed to Paraguay by Brazil. Other issues on the agenda besides making Mercosur more flexible include addressing the 'special regimes' and the 'free trade zones' in the area, revealed Uruguay's foreign minister Rodolfo Nin Novoa.

Thursday, July 2nd 2015 - 06:04 UTC

Brazil's budget during May back in the red; Congress restless about austerity

A drop in tax revenues caused by a sharp economic contraction is complicating minister Levy's efforts to shore up the country's finances

Brazil reported a primary budget deficit for May that was its widest for 2015, making its annual savings goal more difficult to achieve despite government efforts to raise taxes and cut spending. Central bank data showed a primary budget deficit of 6.9 billion Reais ($2.23 billion). This compared with a primary surplus of 13.445 billion Reais in April.

Thursday, July 2nd 2015 - 05:24 UTC

Gibraltar hosts 35-country EU Small Business Association in Brussels office

In his welcome remarks to ESBA, Sir Graham Watson said: “European Small Business Association is the driving force of Europe’s economy.”

Gibraltar House in Brussels hosted a board meeting of the European Small Business Association (ESBA). The Gibraltar Federation of Small Businesses was a founding member of ESBA, and currently participates in it as a Board member. ESBA has its headquarters in the city and represents over one million small and medium-sized enterprises and self-employed people from 35 countries.

Wednesday, July 1st 2015 - 05:52 UTC

Obama and Rousseff agree their nations are 'natural partners' and working on an 'upward trajectory'

“I believe that this visit marks one more step in a new more ambitious chapter in the relations between our countries,” Obama said.

President Barack Obama and visiting Brazilian President Dilma Rousseff sought Tuesday to cast their nations as “natural partners” collaborating closely on critical issues like climate and regional diplomacy, glossing over recent tensions over spying that have strained relations between the first and seventh world economies.

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