Argentina's beef exports totaled 193,000 tons between January and October, up 10% from the same period last year, the government said, a year after it rescinded export taxes and restrictions.
Brazil's unemployment rate from September to November reached a record high of 11.9%, the country's statistics agency IBGE said. This new rate is a significant year-on-year hike over the same period in 2015, when it stood at 9%.
After months of bailing out Brazil's most iconic city and state, Rio de Janeiro will not be getting their debts renegotiated anytime soon. Brazil president Michel Temer said he will veto plans to renegotiate loans with Rio, Minas Gerais and Rio Grande do Sul states. All three states are economic powers of Brazil and have fallen on hard times over the last three years.
The Brazilian government has not pressured state-run banks to free up credit and reduce their spread, but interest rates are likely to fall as the central bank's benchmark Selic rate continues to drop, state-controlled Banco do Brasil Chief Executive Officer Paulo Rogerio Caffarelli said.
Through Resolution 109/2016 of the Regulatory Agency of the National System of Airports (Orsna), published Thursday in the Official Gazette, the supply of ”Wireless Internet Provision Service Standard (WIFI) at Group A airports” became mandatory.
Uruguayan oil company ANCAP announced Wednesday through a press release that one of its companies, Carboclor S.A., based in Argentina, had turned to the courts to start the reorganization proceedings, known in Argentinian law as Concurso Preventivo, which is very similar to the United States' Chapter Eleven bankruptcy mechanism.
Lord King, the former governor of the Bank of England, has said that the UK should be self-confident about leaving the European Union since there were real opportunities for economic reform and new trade deals which meant Brexit could be a success. He highlighted agricultural reform and a developing relationship with the Republic of Ireland as areas where the UK could be positive.
The Brazilian unit of French energy giant Total SA in Brazil, Total E&P do Brasil, plans annual investments of US$1 billion in Latin America’s largest economy, Valor Econômico quoted Maxime Rabilloud, who heads the Brazilian operation. Rabilloud said Total and Petrobras will keep in contact regarding the possibility of making other deals and forging future partnerships.
British ambassador in Uruguay Ian Duddy, on Monday, made the official presentation of his diplomatic credentials to President Tabaré Vázquez, thus completing the formalities of his post.
The Penguin News with background information from the Jane Cameron National Archives has published an interesting article about the Falkland Islands, economy and trade, a century ago in the midst of the First Great War. Wool from a flock of almost 700.000, and whale oil were the Islands main exports in 1916, while coal with soaring prices the main import. A century ago there were 61 births and 17 marriages.