Economy

Economy
Wednesday, September 14th 2016 - 13:18 UTC

Canada's Agrium and Potash create fertilizer and farm retailing giant

Potash Corp is the world's biggest crop nutrient company by capacity and Agrium, North America's largest farm retailer

Canada's Agrium and Potash Corp. of Saskatchewan said they would combine, a deal that would create a fertilizer and farm retailing giant with pro-forma enterprise value of US$36 billion but also trigger U.S. regulatory scrutiny.

Tuesday, September 13th 2016 - 19:56 UTC

Brazil launches ambitious program to auction off oil, power and infrastructure concessions

Temer's administration is selling assets and pushing for unpopular austerity reforms to prop fiscal accounts that has cost Brazil its investment-grade rating.

Brazil on Tuesday launched a multibillion-dollar plan to auction off oil, power rights and infrastructure concessions, in an attempt by the new government to bolster private investment in a moribund economy. The government will sell operating licenses for airports in the cities of Porto Alegre, Salvador, Florianopolis and Fortaleza by the first quarter of 2017. It also plans to sell rights to operate federal roads in the center-west and south regions later next year.

Tuesday, September 13th 2016 - 19:51 UTC

Macri announces top level meeting with UK to address ''all issues'', next week in New York

“We're planning a meeting in New York during the UN sessions. We're going to establish a round of conversations talking about all issues”, Macri was quoted

Argentine president Mauricio Macri described as a “gesture” the attendance of Foreign Office minister Alan Duncan at the Business and Investment forum in Buenos Aires, and anticipated that UK and Argentina are preparing a bilateral meeting next week in New York on the sidelines of the annual UN general assembly to address all issues including Falklands/Malvinas.

Tuesday, September 13th 2016 - 11:16 UTC

Fed expected to keep cautious approach to interest rates next week

Fed governor Lael Brainard said the risk with raising rates too soon is that it could damage the fragile economy.

North American stock markets rallied today after a U.S. Federal Reserve official hinted that the central bank remains cautious about interest rate hikes. Fed governor Lael Brainard said the risk with raising rates too soon is that it could damage the fragile economy.

Tuesday, September 13th 2016 - 10:58 UTC

UK a most unequal country; 10% of population own over half of the wealth

634,000 Britons were worth 20 times as much as the poorest 13 million. Oxfam has urged PM May to help close the gap between the “haves” and the “have-nots”.

The richest 1% of the UK population owns more than 20 times the wealth of the poorest fifth, according to Oxfam. That made Britain one of the most unequal countries in the developed world and contributed to the vote for Brexit, the charity said.

Tuesday, September 13th 2016 - 10:17 UTC

More than 230 cruise ships will pass through the Panama Canal this 2016/17 season

Cruise ship Coral Princess is slated to transit the Panama Canal on a voyage from Los Angeles, to the U.S. East Coast on October 4, 2016

Cruise ship Coral Princess is slated to transit the Panama Canal on a voyage from Los Angeles, Calif., to the U.S. East Coast on October 4, 2016, officially kicking off the canal’s 2016-2017 cruise season, which according to the Panama Canal Authority will see more than 230 cruise ships pass through the Panama Canal.

Tuesday, September 13th 2016 - 09:55 UTC

“If beef is not included”, there won't be no Mercosur-EU trade agreement, warns Uruguay

Nin Novoa said that among the goods to be negotiates is beef, which is one of the main products because, “if it does not include beef, there won't be any agreement”

“If beef is not included, there won't be any agreement”, said Uruguay's foreign minister Rodolfo Nin Novoa in anticipation of next week's meeting of European Union and Mercosur coordinators to adjust the list of goods and services the two blocks will formally exchange in mid October, the first formal meeting of its kind in fourteen years.

Monday, September 12th 2016 - 10:19 UTC

Guyana working to establish an onshore oil and gas facility to boost the incipient industry

 Guyana said that as industry continues to evolve, “early plans must be put in place to harness synergies and benefits that will arise” said minister Raphael Trotman

The Guyana government intends to establish an onshore oil and gas facility in the country as it seeks to fully optimize opportunities in petroleum exploration and production. The Ministry of Natural Resources, working in conjunction with the Ministries of Public Infrastructure and Business, says it believes that this facility is critical and said it is part of the raft of measures intended to ensure that Guyana keeps on the right trajectory in the development of the oil and gas industry.

Monday, September 12th 2016 - 07:35 UTC

“President Macri is a normal person, has a normal head and common sense”

With this change of mentality, “all things from the Kirchners' time abnormality are being knocked out” indicated Melconian, head of the Banco Nacion

“The president we have now is normal, he has common sense and he wants to make the country normal and sooner than later, we'll be there; he has a normal world in his head”, said Carlos Melconian, head of Argentina's Bank of the Nation in reference to president Mauricio Macri, during a conference in Montevideo where he was invited to talk about “Argentina, the new rules of the game and their impact for Uruguay”,

Monday, September 12th 2016 - 06:33 UTC

Trade, investments and Falklands in Sir Alan Duncan's agenda in Buenos Aires

Sir Alan Duncan will also be at the opening of a business and investment conference which will be attended by a delegation of forty top British companies

UK Foreign Office minister of state for the Americas and the Falkland Islands, Sir Alan Duncan begins this Monday a full agenda of activities in Buenos Aires with the purpose of promoting business, investments and normalizing bilateral relations, after more than a decade of distant when not frozen links under the Kirchner couple administrations. The Falkland Islands issue is also expected to be addressed but with “a constructive spirit”.

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