Economy

Economy
Tuesday, August 2nd 2016 - 06:24 UTC

UBS optimistic about evolution of Brazilian economic activity in second half of 2016

Brazil's new political landscape with interim president Michel Temer has boosted the Real.

Things are looking up for the Brazilian economy - but it won't be due to the Olympic games starting this week, according to a UBS report published last Friday.

Tuesday, August 2nd 2016 - 06:19 UTC

US and Brazil agree to open each others' beef market

USDA acknowledged that for the first time since 1999 the U.S. will allow imports of fresh and frozen Brazilian beef.

The United States and Brazil have agreed to allow access to each other's beef markets after more than a decade of negotiations. Brazil's Ministry of Agriculture, Livestock and Food Supply has agreed to imports of U.S. beef for the first time in 13 years, USDA announced today. And the U.S. will accept Brazilian beef for the first time since 1999.

Tuesday, August 2nd 2016 - 06:07 UTC

China's leading role in Argentina reviewed and confirmed by Macri

Argentina’s diplomatic relations with China were upgraded to “strategic integral alliance” status in the president Cristina Fernández de Kirchner administration

China’s role in Argentina’s foreign relations will be more balanced than during the Kirchner administrations, with a larger role played instead by the United States and European countries, the country’s ambassador to Beijing Diego Guelar said, claiming Chinese investment will have to be more competitive.

Monday, August 1st 2016 - 13:16 UTC

US economy grows at slower pace in second quarter despite strong consumer spending

Consumer spending surged in the three months to June by an annual pace of 4.2% - the fastest pace since the fourth quarter of 2014.

The United States economy grew at a much slower pace than expected in the second quarter and GDP was revised down in the first three months of the year. The world's largest economy grew at an annual rate of 1.2% in the three months to June, far below forecasts of 2.6%, Growth for the first quarter was revised down from 1.1% to 0.8%.

Monday, August 1st 2016 - 12:58 UTC

Argentina and Mexico pledge to reach “absolute integration and free trade”

Following a one hour private meeting the two presidents held a media conference and underlined the importance of “strengthening the ties” between the countries.

Argentina and Mexico agree on the need to reach absolute integration and free trade, as part of the closer bilateral relations confirmed with the visit to Buenos Aires of Mexican head of state Enrique Peña Nieto.

Saturday, July 30th 2016 - 08:38 UTC

Olympics equestrian sports have to live with glanders scare in Rio

Highly contagious and incurable, glanders has prompted Brazilian agricultural officials to destroy hundreds of horses across the country over the past two years

Brazil's summer Olympics, scheduled to be opened in less than a week, have added another challenge to the long list of complaints and disease-scares, such as Zika, but this time the culprits are not mosquitoes but an alleged outbreak of glanders disease, a deadly equine respiratory condition. And this has surfaced when the world's top riders and their mounts prepare to compete in Rio de Janeiro events.

Saturday, July 30th 2016 - 08:36 UTC

Unemployment in Magallanes Region climbs to the highest in five years

With 5.7% unemployment Magallanes region is 1.1 percentage points below the Chilean national average of 6.8%

Unemployment in Magallanes, extreme south of Chile climbed strongly during the March/May quarter, from 3.6% to 5.7%, marking the third consecutive mobile quarter increase. The 5.7% is the highest unemployment mark in five years, in 2015, 4%; 2014, 2.8%; 2013, 2.7%; 2012, 3% and in 2011, 4%.

Thursday, July 28th 2016 - 13:04 UTC

Fed sees current conditions remaining unchanged, at least until December

Fed chair Janet Yellen at the press conference following the cautious FOMC release

The United States Federal Reserve on Thursday left key interest rates untouched but acknowledged improved economic performance, suggesting a rate increase may be on the horizon in 2016.

Thursday, July 28th 2016 - 11:36 UTC

Ushuaia plans to expand main port pier 251 meters and improve facilities

Tierra del Fuego governor Rosana Bertone made the presentation of the project at Government House in Ushuaia

Ushuaia, the world's most extreme south city and the gateway for Antarctica cruise tours is planning to upgrade its port facilities including the expansion of the main pier by 251 meters increasing the docking capacity for tourism vessels during the summer season.

Wednesday, July 27th 2016 - 13:51 UTC

Temer vetoes foreign 100% ownership of Brazilian airlines

 While Temer has expressed support to open up the country's aviation sector to further foreign investment, he does not support their full ownership.

Brazil's interim President Michel Temer vetoed on Tuesday an article in a new law, which would allow foreign investors to take 100% ownership of Brazilian airlines, according to the official Gazette. The article is part of a law seeking to modify areas of the aviation sector, mainly in order to allow the state-owned airport infrastructure firm, Infraero, to restructure its debts.

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