Economy

• Monday, September 25th 2017 - 13:02 UTC

  Ushuaia expects some 300 calls this 2017/18 cruise season; 42 vessels will be touring Antarctica

  

  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.

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• Monday, September 25th 2017 - 05:39 UTC

  Moody's downgrades UK credit rating on concerns about public finances and Brexit

  

  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.

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• Saturday, September 23rd 2017 - 10:01 UTC

  Brazilian central bank optimistic about next year; growth 2,2% and inflation 4.3%

  

  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.

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• Friday, September 22nd 2017 - 09:25 UTC

  Chilean central bank revokes reciprocal credit line with Venezuela

  

  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.

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• Friday, September 22nd 2017 - 09:07 UTC

  Brazil fears Venezuelan default on US$ 5bn contracts: it missed US$ 262m payments

  

  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.

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• Friday, September 22nd 2017 - 08:32 UTC

  Sale of tickets for the commercial air service to St Helena came live this Friday

  

  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.

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• Thursday, September 21st 2017 - 07:57 UTC

  Secretary of State for Scotland on a three/day visit to Argentina

  

  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.

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• Wednesday, September 20th 2017 - 22:26 UTC

  Petrobras recovers significant investment risk and trims debt burden

  

  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%.

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• Wednesday, September 20th 2017 - 22:12 UTC

  US current account deficit climbing, but so is net capital inflows

  

  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.

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• Wednesday, September 20th 2017 - 18:32 UTC

  Argentina 2018 budget bill forecasts growth of 3.5% and 15.7% inflation

  

  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.

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