Economy

Economy
Tuesday, February 17th 2015 - 04:16 UTC

Argentina's January consumer inflation, make your pick: 1%, 2% or 2.08%

“Leisure” 4.6%, ”Healthcare” 1.9% and “Other services” 1.9% had the most influence during the first month of 2015

Argentina's monthly inflation controversy again erupted with the official Indec figure for January marking 1,1% and 20.9% in the last twelve months, while the private consultants index, channeled through the so called Congressional index reached 2.08% and 35.21%.

Monday, February 16th 2015 - 21:50 UTC

Falklands begins consultation on oil impact on society and local culture

The overall aim is to provide a detailed understanding of the many different ways that oil and gas developments could affect the daily lives of Falkland Islanders

Falkland Islands will this month begin to grapple with the big questions about how oil and gas development will impact on their society and culture. The start of a series of focus groups run as part of the Social Effects Monitoring Programme study, led by Regeneris Consulting, and Falkland Island partners Karen Lee and Carolyn Montgomerie, reports the Penguin News in its latest edition.

Monday, February 16th 2015 - 09:06 UTC

Researchers propose high seas fishing ban and concentrate on coastal catches

The study examined global fish catch and landed value data to determine how much fish is caught in the high seas and how much is caught in coastal waters

Closing the high seas to commercial fishing could distribute fisheries income more equitably among the world's maritime nations, according to research from the University of British Columbia (UBC).

Monday, February 16th 2015 - 08:51 UTC

Germany urges Brazil with an EU/Mercosur trade agreement

President Rousseff and minister Steinmeier after their meeting in Brasilia

Germany wants to speed negotiations for a free trade agreement between the European Union and Mercosur, said Foreign minister Walter Steinmeier in Brasilia. The agreement has been pending since 1999 when discussions started but so far have been unable to reach a deal or commit a date because of internal problems from both sides.

Saturday, February 14th 2015 - 06:52 UTC

London court rules English law applies to Euro-denominated Argentine debt

A London court ruled on Friday that English law applies to a disputed case involving interest payments on Euro-denominated Argentine debt, making a payout more likely in spite of conflicting orders from a US court.

Saturday, February 14th 2015 - 06:23 UTC

Argentina's tax office demands HSBC Swiss branch repatriate of 3bn dollars in undeclared accounts

AFIP accused HSBC in November of helping more than 4,000 Argentine citizens and companies evade taxes by stashing their money in secret bank accounts.

HSBC’s Swiss branch must repatriate the 3 billion dollars deposited in the 4,040 undeclared accounts held by Argentine citizens and companies, Argentina's AFIP tax bureau chief Ricardo Echegaray announced.

Friday, February 13th 2015 - 09:44 UTC

Argentina reports sharp fall in hake, squid and shrimp landings during January

Hake landings dropped 38.5%, shrimp. 47.5% and squid, 60.5% compared to January last year

Argentine fish landings have dropped dramatically during January, totaling 16,464 tons, 31.8% less than a year ago when the volume was 24,121.4 tons. Of this year's volume, 11,803.8 tons were of fish, 4,567.4 tons crustaceans and 92.8 tons shellfish, according to statistics from the Under-secretariat of Fisheries and Aquaculture.

Friday, February 13th 2015 - 09:13 UTC

Snail growth in Brazil's 2014 retail sales anticipate a very tough 2015

On news of retail sales the Real plunged to a ten-year low but on Thursday recovered some of the lost ground. However in six months the Real is down 19%

Retail sales in Brazil increased 2.2% in 2014 over the previous year, the smallest expansion in 11 years, the Brazilian Institute for Geography and Statistics, or IBGE, reported this week. The sector suffered its worst year since 2003 when sales tumbled 3.7%. In 2013, retail sales grew 4.3%.

Friday, February 13th 2015 - 04:13 UTC

Brazilian congress ignores Rousseff's call for spending cuts

The bill forces Rousseff to get congressional approval before cutting spending items added to the national budget by lawmakers for projects in their districts

Brazil's Congress passed legislation on Tuesday that limits the president's ability to reduce pork-barrel spending passed by lawmakers, a setback for President Dilma Rousseff's efforts to fight a fiscal deficit.

Thursday, February 12th 2015 - 20:57 UTC

Argentina and Brazil admit trade disagreements between Mercosur main partners

Timerman acknowledged trade between the two countries needs some “fine-tuning”, but for Argentina Brazil is its “most strategic partner.”

Argentina and Brazil failed to reach an agreement to help unlock the ongoing tension between the two key Mercosur allies over bilateral trade. Argentina's Hector Timerman and his counterpart Mauro Vieira met in Buenos Aires to try and ease Brazil’s growing concerns about restrictions on the flow of goods, but any decisions were pushed forward to an undetermined date.

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