Economy

• Tuesday, October 1st 2013 - 17:40 UTC

  Falklands cruise season: Ushuaia warns “Gaucho Rivero” bill will be fully enforced

  

  The “Gaucho Rivero” bill which bans the access of British flagged (red ensign) or convenience flagged vessels which call in the Falkland Islands remains fully in force for Ushuaia, said Marcelo Echazú, head of the Tierra del Fuego Tourism Institute, Infuetur, on announcing this year’s cruise season.

• Tuesday, October 1st 2013 - 06:46 UTC

  Cristina Fernandez and Mujica in a prudent silence over the pulp mill controversy

  

  Argentine President Cristina Fernández met on Monday with her Uruguayan counterpart José Mujica after the pair inaugurated a new vessel belonging to the ferry company Buquebús, (which joins Montevideo with Buenos Aires), in order to discuss matters related to the controversial UPM pulp plant formerly known as Botnia.

• Tuesday, October 1st 2013 - 04:12 UTC

  Has Brazil blown it, asks The Economist; Who bets against Brazil, always loses, replies Dilma

  

  Last week Brazil’s Dilma Rousseff reopened her official twitter, closed since January 2011 when she was inaugurated, but now a year ahead of elections has reappeared with the character “Dilma Bolada”, full of music, colour and satire. “Sou Linda, sou diva, sou Presidenta, Sou Dilma” is the slogan of her Facebook with over half a million fans in just a few days

• Monday, September 30th 2013 - 21:40 UTC

  The Shale Boom, Just Getting Started: Interview with Tyler Cowen

  

  Thanks to the shale boom, markets already perceive the trade balance optimizing, energy prices are cheaper than they would otherwise be and we've even cut carbon emissions. And we are only getting started, according Tyler Cowen, New York Times best-selling author and one of the most influential economists of the decade.

• Monday, September 30th 2013 - 19:31 UTC

  Chile expects to harvest over 50.000 tons of walnuts, most for export in 2013/14

  

  The walnut production in Chile has experienced a growth in the fiscal year 2013/2014, reports the German Agrarmarkt Informations-Gesellschaft (AMI) on its website. Not only the favourable weather conditions, but also the extension of the cultivation area in recent years has contributed to this.

• Monday, September 30th 2013 - 19:06 UTC

  Outgoing Piñera announces a 2014 tight budget for the next government

  

  The Chilean government plans to raise spending 3.9% next year, the second-smallest increase since 2003 and below the central bank’s forecast for economic growth in 2014. The budget will focus on employment, education, crime, poverty, children, pensioners and infrastructure, President Sebastian Piñera said in a televised address without giving details.

• Monday, September 30th 2013 - 17:00 UTC

  Argentina hopes US Supreme Court hears its case with the hedge funds

  

  The US Supreme Court was scheduled to meet behind closed doors on Monday to decide whether to hear a high-profile appeal by Argentina over its battle with hedge funds that refused to take part in two debt restructurings that sprang from the country's 2002 default.

• Monday, September 30th 2013 - 16:39 UTC

  Paraguayan economy boosted by agriculture expanding at an annual 13.3%

  

  Paraguay’s GDP expanded 13.3% in the second quarter of this year boosted by agriculture and beef exports, according to the latest release from the Central bank. Agriculture has proved the most dynamic sector with 6.2% growth helping Paraguay to have the fastest growing economy this year in Latam following on a 0.9% retraction last year, because of an extended drought.

• Saturday, September 28th 2013 - 05:08 UTC

  Petrobras makes ‘beautiful’ discovery and generates a new promising oil province

  

  Brazil's Petrobras and its Indian partners have made a “beautiful” oil discovery off Brazil's northeast coast, Sergipe-Alagoas basin, and it will produce a minimum 100,000 barrels of petroleum a day starting in 2018, the company's CEO said on Friday.

• Friday, September 27th 2013 - 22:01 UTC

  Mujica inclined to support UPM pulp production expansion but conditioned to environment improvements

  

  Uruguay’s president Jose Mujica anticipated that his intention is to authorize the UPM pulp mill to expand production, as the Finnish company had requested, but conditioned to certain additional environmental measures, which will not be made public until talks with Argentine president Cristina Fernandez on Monday.