Argentina's unemployment rate rose to 10.1% in the first quarter from 9.1% in the first three months of last year, the official INDEC statistics agency said. This is the highest level since current president Mauricio Macri took office, and the worst in thirteen years.4 comments
Highly satisfied is how visitors to the Falkland Islands feel according to the Falkland Islands Tourist Board’s (FITB) annual assessment of TripAdvisor ratings. Executive Director of FITB Stephanie Middleton told Penguin News that there were over 4,300 ratings of accommodation, attractions, pubs, restaurants and tours in the Falklands on TripAdvisor, with 800 of those posted over the last 12 months.Add your comment!
Argentina’s economy contracted 5.8% in the first quarter of 2019, the country’s statistics agency said on Wednesday, a reflection of the biting recession that has hammered domestic consumption and production.1 comment
The International Association of Antarctica Tour Operators (IAATO) has welcomed ten new members into the responsible tourism fold. Members welcomed Provisional Operators Cookson Adventures and Princess Cruises into the Association, while granting provisional operator Albatros Expeditions full Operator status and welcoming Across Latin America – China, Caissa Tourism Group – China, Damen Shipyards, Lamei Tours China, Mystic Cruises, Pelorus and Pro Fuels as Associate Members, at its annual meeting, held in Cape Town, South Africa.Add your comment!
Torrential rains in central and southern Uruguay in the past several days have caused massive floods and forced some 7,400 people to leave their homes, according to the latest update by the country's National Emergency System.Add your comment!
Brazilian miner Vale SA said on Wednesday that it will fully resume operations at its Brucutu mine within 72 hours after an appeals court overturned an earlier ruling that halted processing because of concern about the safety of a nearby dam.1 comment
A divided Federal Reserve held the line on interest rates Wednesday and indicated formally that no cuts are coming in 2019. The decision came amid divisions over what is ahead and still leaves open the possibility that policy loosening could happen before the end of the year depending on how conditions unfold.Add your comment!
Brazil’s central bank held its benchmark interest rate at a record-low 6.50% on Wednesday, as expected, holding back from signalling looser policy because of doubts on economic reforms. The scenario outlined by policymakers was one of anaemic economic growth and high levels of economic slack putting downward pressure on inflation at home, plus the prospect of interest rates coming down in major developed economies.1 comment
Argentine politician Sergio Massa, who recently pledged his support to the main opposition challengers to President Mauricio Macri, is in line to play a key role in the country's Congress if his new allies win national elections later this year.11 comments
Latin American stocks and currencies surged on Tuesday with a dovish boost from the European Central Bank and positive headlines from the U.S.-China trade tensions boosting sentiment.1 comment