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Montevideo, May 20th 2018 - 12:05 UTC

International

  • Friday, May 11th 2018 - 06:12 UTC

    Bank of England leaves interest rates unchanged, slashes 2018 growth prospects

    Governor Mark Carney said the Bank believed the “underlying pace of growth remains more resilient than the headline data suggest”. (Pic Bloomberg)

    The Bank of England has backed off from raising interest rates as it slashed 2018 growth forecasts, but said the economy would bounce back from a weather-hit “soft patch”. Policymakers kept the prospect of rate hikes firmly on the cards, although it sparked confusion over when the next increase may come.

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  • Friday, May 11th 2018 - 06:00 UTC

    “Lords should not undermine the will of the majority” that voted for Brexit

     Leader Andrea Leadsom said the Lords should not undermine the desire of voters who backed the UK leaving the EU at the 2016 referendum

    Peers should not undermine the will of those who voted Brexit, a senior minister has said after the UK Government suffered 14 defeats over key legislation. Commons Leader Andrea Leadsom said the Lords has made significant improvements to the European Union (Withdrawal) Bill, which transfers EU law into UK law, linked to devolution.

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  • Friday, May 11th 2018 - 05:39 UTC

    IMF and White House support Macri's economic reform program

    “I stressed my strong support for Argentina's reforms to date, and expressed the Fund's readiness to continue to assist the government,” Lagarde said

    International Monetary Fund chief Christine Lagarde said on Thursday she is ready to aid Argentina and wants talks on a financing package to be finalized quickly. Lagarde said she instructed the IMF team to continue discussions on a loan program with the goal to “reach a rapid conclusion.”

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  • Thursday, May 10th 2018 - 18:34 UTC

    IAATO’s Responsible Tourism Conference votes new and revised guidelines

    Over 140 people attended the meeting at Newport from May 1-3, representing IAATO member companies and invited stakeholders

    The International Association of Antarctica Tour Operators (IAATO) has concluded its 27th annual meeting in Newport, Rhode Island, USA having agreed to strengthen its mission of promoting the practice of safe, environmentally responsible travel to the Antarctic.

  • Thursday, May 10th 2018 - 08:28 UTC

    Swedish PM to testify in corruption case involving sale of 36 fighter jets to Brazil

    Lofven will be asked in a Swedish court about contacts with Brazil’s ex presidents Rousseff and Lula da Silva regarding the purchase of Saab Gripen fighters

    Swedish Prime Minister Stefan Lofven has been summoned to testify next month as a witness in a Brazilian corruption case involving the purchase of fighter jets by Brazil, the Stockholm District Court said on Wednesday. Lofven will be asked in a Swedish court about his contacts with Brazil’s former presidents Dilma Rousseff and Lula da Silva regarding the country’s purchase of Saab Gripen fighters in a deal struck five years ago.

  • Thursday, May 10th 2018 - 07:28 UTC

    Falklands caught in the post Brexit Galileo space controversy

    Michael Barnier, Brussels chief Brexit negotiator, triggered the controversy when he argued UK companies should be excluded from the Galileo project

    United Kingdom ministers are unilaterally considering stopping EU access to the Galileo satellite earth station in the Falklands and Ascension, according to reports in the UK press. The move comes after Brussels chief Brexit negotiator, Michael Barnier, stated that UK companies would have to be excluded from the development of sensitive Galileo infrastructure following Brexit due to security concerns.

  • Wednesday, May 9th 2018 - 08:39 UTC

    Despite Trump, Europe, Russia and China committed to the Iran nuclear deal

    UK, France and Germany say they “will work with all remaining parties” and urged the US not to obstruct its implementation of the Iran nuclear deal

    Western powers, Russia and China remain committed to the Iran nuclear deal - after the US announced it was withdrawing from the agreement. The UK, France and Germany say they “will work with all remaining parties” and urged the US not to obstruct its implementation and the other signatories to the 2015 deal - Russia and China - have also stressed their continuing support.

  • Wednesday, May 9th 2018 - 07:32 UTC

    Peso storm: Argentina requests a US$ 30bn precautionary credit from IMF

    “This will allow us to face the new global scenario and avoid a crisis like the ones we have faced before in our history,” President Macri said in a televised address

    Argentina asked the International Monetary Fund for financing to help stem a run from the Peso to the US dollar that is sparking a surge in interest rates and threatening to derail the country's economic recovery. The sum requested is estimated between 25 and 30bn dollars, 500% Argentina's IMF quota and could be disbursed in two forms, a flexible credit line or a precautionary credit line.

  • Wednesday, May 9th 2018 - 07:16 UTC

    UK appoints Trade Commissioner for Latin America and the Caribbean

    “With the IMF predicting that 90% of growth will come from outside the EU, we need to look at where the emerging markets are”, said Dr. Liam Fox.

    The United Kingdom's International Trade Secretary, Dr Liam Fox, named a new Trade Commissioner to champion British trade with Latin America and the Caribbean, as the UK prepares for future trade agreements with countries around the world.

  • Wednesday, May 9th 2018 - 07:10 UTC

    Latin American (and global) currencies hit by strong dollar and Trump's policies

    The market’s attention was on President Donald Trump’s decision to withdraw from the international nuclear agreement with Iran, a deal which eased economic

    The dollar hovered near a four-month high on Tuesday, continuing to draw support from higher Treasury yields and upbeat prospects for the U.S. economy, leaving its major rivals such as the Euro struggling and other Latin American currencies including the Argentine peso down sharply.