Economy

Economy
Thursday, June 30th 2016 - 23:05 UTC

“Business as usual” for Falklands travel trade and consumer despite Brexit, says Tony Mason

Our message to the local Falkland Islands travel trade and consumer is that it's business as usual, pointed out Tony Mason.

“Business as usual”, because there will be no immediate effects to the way people travel, is the message to Falkland Islands travel trade and consumer, following the British people Brexit vote for change in the future, underlined in a release Tony Mason, Director of International Communications for the Falklands Tourist Board.

Thursday, June 30th 2016 - 15:46 UTC

Pacific Alliance summit in Chile convenes seven regional presidents

President Michelle Bachelet will be joined by her Alliance peers, Ollanta Humala (Peru); Juan Manuel Santos (Colombia), and Enrique Pena Nieto from Mexico.

Six Latin American leaders and a president-elect will be participating in the two day Pacific Alliance business forum and presidential summit hosted by Chile and beginning on Thursday.

Thursday, June 30th 2016 - 13:32 UTC

A harmonious NAFTA Tres Amigos Summit pledges to combat protectionism and xenophobia

Presidents Peña Nieto,Canadian PM Justin Trudeau and Obama finalized their reconciliation with the first North American leaders' summit since 2014

United States, Canada and Mexico on Wednesday in Ottawa held their first summit after years of aloofness and held themselves up as an example against growing protectionist tendencies around the world.

Thursday, June 30th 2016 - 13:22 UTC

Paraguay does not accept Venezuela as Mercosur pro tempore chair; group split in half

Loizaga said Paraguay will not accept Venezuela's presidency since “it's not a good message for Mercosur because we were not consulted, nor was Brazil”.

Mercosur is again split over Venezuela because Paraguay, and apparently Brazil, have not been consulted regarding the decision to hand the pro tempore presidency of the block to Venezuela in July, as was agreed in Montevideo by Uruguay and Argentina.

Thursday, June 30th 2016 - 06:40 UTC

Argentine economy grows 0.5% in first quarter: fishing and transport compensate fall in agriculture and construction

Latin America's third largest economy was helped by 7.5% growth in its fishing sector and 4.2% expansion in transport.

Argentina's economy grew 0.5% in the first quarter the government said on Wednesday, adding that it saw activity leveling out this year before accelerating in 2017. The year-on-year result, published by the newly revamped Indec statistics agency, followed analysts' forecasts for a 1.3% contraction for the January through March period.

Wednesday, June 29th 2016 - 11:22 UTC

“Welcome to Hell”, Rio police and firefighters tell arriving passengers

Police and firefighters don't get paid,“ the banners, in English and Portuguese, went on. ”Whoever comes to Rio de Janeiro will not be safe”.

There was a nasty surprise awaiting passengers in the arrivals hall at Rio De Janeiro's Galeao International Airport on Monday. Along with the relatives carrying flowers and taxi drivers waiting with name boards there were lines of off-duty police with banners that had a far more ominous message: “Welcome to Hell”.

Wednesday, June 29th 2016 - 11:04 UTC

US economy grows faster in the first quarter helped by stronger export sales

The Commerce Department said GDP grew at an annual pace of 1.1% in the quarter, up from an earlier estimate of 0.8%.

The US economy grew faster than previously estimated in the first quarter of the year, according to official figures. The Commerce Department said gross domestic product (GDP) grew at an annual pace of 1.1% in the quarter, up from an earlier estimate of 0.8%. The upwards revision was helped by stronger export sales.

Wednesday, June 29th 2016 - 05:37 UTC

'Squaring' single market access and free movement with immigration, emerges as the post Breixt challenge

Immigration was a “great concern” among UK voters and squaring this with access to the EU single market would be a “huge challenge”, said PM Cameron

Prime Minister David Cameron said on Tuesday in Brussels that the rest of the EU wants to have the “closest possible” relationship with the UK after Brexit. After discussing the vote to leave with other EU leaders, he said trade and security co-operation would be vital whatever the shape of future links.

Wednesday, June 29th 2016 - 05:23 UTC

Argentina cuts rate reference for eight weeks running as double/digit inflation eases

In a statement announcing the cut, the central bank cited “a declining tendency in inflation during the month of June.”

Argentina's double-digit inflation has shown signs of easing this month, the central bank said on Tuesday as it cut its 35-day reference rate for the eighth week in a row. As part of its effort to get Latin America's No. 3 economy out of the doldrums while containing consumer prices, the bank sliced 75 basis points off the interest rate to 30.75%.

Wednesday, June 29th 2016 - 05:12 UTC

Pacific Alliance, under Chilean presidency will speed closer links with Mercosur

Bachelet as the Alliance president will push to expand into the Asia-Pacific basin markets, as well as the 49 observer countries and Mercosur

The Pacific Alliance under the helm of Chile, beginning next July first will reach out for closer links with Mercosur, particularly since Argentina's decision to join the block as an observer. “The Argentine decision to join the Pacific Alliance as an observer fully harmonizes with Chile's strategy of making both blocks converge”, according to Andres Rebolledo, head of Chile's Directorate of International Economic Relations.

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!

Advertisement