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Montevideo, June 18th 2018 - 08:01 UTC

Economy

  • Wednesday, May 30th 2018 - 09:37 UTC

    State of the Nation: “incredibly exciting time for the Falkland Islands and its people”

    Governor Phillips CBE: in the next 12 months, the Government will lead a conversation about the future of the Falklands. (Pic credit:Falkland Islands Television (FITV)  website fitv.co.fk

    On Tuesday May 29, Governor Nigel Phillips CBE addressed the elected Legislative Assembly of the Falkland Islands with a message on the State of the Nation.

  • Wednesday, May 30th 2018 - 09:26 UTC

    Global markets and the Euro his hard by the Italian political stalemate

    Italy plunged into crisis when President Sergio Mattarella vetoed the nomination of a fierce euro skeptic as economy minister

    Asian equities and the euro sank Wednesday as turmoil in Italy sparked a frantic dash for safety, while investors have also been spooked by fresh worries about the China-US trade row. Global markets have been sent into a tailspin as a political crisis unfolding in Rome has thrust the stability of the Euro zone and European Union back on to the agenda.

  • Wednesday, May 30th 2018 - 09:19 UTC

    Falklands 2018/19 budget reflects strength of the Islands economy

    James Wilson, Appropriation Bill allows for a departmental operating budget expenditure in 2018/19 of £72m. Supported by budgeted 2018/19 revenues of £82m. (Pic Twitter B. Elsby MLA)

    The following is the Budget 2018/19 presentation made by the Falkland Islands Financial Secretary, James Wilson.

  • Wednesday, May 30th 2018 - 08:43 UTC

    Argentina set to expand fresh beef exports to Japan and China

    Minister Etchevehere said Argentina prides itself on the quality of its beef, and aims to carve out a significant portion of the Japanese market.

    Argentina is set to expand fresh beef exports to Asia, with Japan and China having already approved import deals, the country's agriculture minister said. Luis Miguel Etchevehere in Tokyo said that Argentina has signed a deal with the Japanese government under which Tokyo will authorize imports of fresh beef from Argentina by late July. His country has also inked a beef export agreement with Beijing.

  • Tuesday, May 29th 2018 - 09:09 UTC

    The Way Out of Argentina’s New Crisis

    Until now, Macri has shown he can be an able administrator and an astute politician. The currency crisis could not have happened to a nicer guy. But it did.

    The late MIT economist Rüdiger Dornbusch used to tell his students in the 1980s that there are four kinds of countries: rich, poor, Japan, and Argentina. No one frets anymore about Japan buying its way to world domination. But the world is worrying again about Argentina.

  • Tuesday, May 29th 2018 - 09:04 UTC

    Nicola Sturgeon in Brussels raised Scottish concerns over Brexit

    Sturgeon told Mr Barnier that the Scottish government believed the UK should remain within the customs union and single market after leaving the EU. (Reuters)

    Nicola Sturgeon has raised Scottish concerns over Brexit in a meeting with chief EU negotiator Michel Barnier. The first minister said they held a “constructive and positive discussion” during her trip to Brussels. She said she told Mr Barnier that the Scottish government believed the UK should remain within the customs union and single market after leaving the EU.

  • Tuesday, May 29th 2018 - 08:48 UTC

    Brazilian cocktail: Wall Street, oil prices, truckers strike and a weak government

    Truckers left economic hub Sao Paulo, and hundreds of communities across the country, without fuel, emptying normally gridlocked roads

    A nationwide protest by Brazilian truckers was slow to unwind on Monday, even after the week-long demonstrations against diesel price hikes got the government to cave to their demands, causing stocks and the currency to slide.

  • Monday, May 28th 2018 - 07:40 UTC

    Uruguay presented in London as main gateway to Latin America

    Ian Duddy, UK Ambassador to Uruguay said the Embassy in Montevideo can offer services in order to introduce Uruguay as a destination for British exports.

    A trade mission was held in London from 14 to 18 May to promote Uruguay to UK exporters. The mission was organized by Uruguay XXI, the investment, export and country brand promotion agency, along with the British Embassy in Montevideo, the British-Uruguayan Chamber of Commerce with the support of the UK Department for International Trade.

  • Monday, May 28th 2018 - 06:46 UTC

    Brazilian government yields to demands of truckers week-long strike

    “We gave everything they have asked for,” said Temer of the measures, expected to cost Brazilian taxpayers some 10 billion reais (US$ 2.7 billion).

    Brazil's President Michel Temer announced late on Sunday new measures to reduce operating costs for truckers in a bid to end a week-long protest that has severely hampered the flow of food, fuel and key exports in Latin America's largest economy.

  • Saturday, May 26th 2018 - 09:29 UTC

    Protectionism the “darkest cloud” for the solid upswing of the global economy

    “The good news today is that the sun is shining on the global economy”, after a decade of difficult time, the economy that is doing well, Lagarde said

    The threat of trade protectionism is the biggest concern looming over a solid upswing in the global economy, IMF managing director Christine Lagarde said. The “darkest cloud” on the economic horizon is the “determination of some to actually rock the system that has actually presided over the trade relationships that we have all undertaken and enjoyed to some extent over the last many decades”, said Lagarde.