Economy

Saturday, November 29th 2014 - 07:41 UTC
Chile and UK sponsor 'Mining and sustainability' seminar in Antofagasta

The British Embassy joined the Chilean British Chamber of Commerce and Plan CREO from the city of Antofagasta to host the Seminar “Antofagasta: City, Mining and Sustainability, Where are we headed?” which took place last week at the National Library of the city.
Saturday, November 29th 2014 - 07:11 UTC
IDB loan for Uruguay to promote quality investments and exports

The Inter-American Development Bank (IDB) has approved a 120 million dollars loan to finance the second phase of Uruguay's Strategic International Positioning Program. Its goal is to consolidate the country's international positioning, contributing to an increase in investments—mainly those aimed at high value-added sectors— and exports.
Friday, November 28th 2014 - 06:46 UTC
New Brazilian minister pledges realistic fiscal targets and balanced economic growth

Brazilian President Dilma Rousseff finally announced on Thursday the appointment of Joaquim Levy, as her next Finance minister who is also known as the 'scissors man', who pledged more realistic fiscal targets and promised more balanced economic growth.
Friday, November 28th 2014 - 06:38 UTC
Mercosur and EU could not establish a date for the exchange of new proposals

European Union and Mercosur representatives analyzed the current state of negotiations for an association and free trade agreement but could not establish a date for the exchange of new proposals because “the European Commission has yet not concluded the consultation process with member states to harmonize its proposal”.
Friday, November 28th 2014 - 06:30 UTC
Uruguay praises Mercosur as the “main buyer” of the country's exports

Uruguay’s Foreign Minister Luis Almagro highlighted that Mercosur is the “main buyer” of Uruguayan exports and strongly defended the country's presence in the regional group, a controversial issue since much of the country's political system and most of the business community want a more dynamic, open trade block.
Friday, November 28th 2014 - 06:23 UTC
Oil price plunges as OPEC decides against cutting output despite world glut

Brent and US crude oil plunged as much as 6.50 dollars a barrel on Thursday, the steepest one-day falls since 2011 following on OPEC's decision against cutting output despite a huge oversupply in world markets.
Friday, November 28th 2014 - 06:17 UTC
Griesa rejects payment request from investors holding Argentine bonds in Euros

US Federal judge Thomas Griesa has rejected a request by European investors seeking payment on Argentine titles currently blocked in New York, despite an ongoing parallel court battle over the issue in London.
Friday, November 28th 2014 - 05:58 UTC
Argentine industrial activity contracts 6.1% in October compared to a year ago

A private report revealed that industrial activity in Argentina dropped 6.1% in October compared to the same period last year, as the manufacturing sector continues to contract pushed by big drops in the auto industry.
Thursday, November 27th 2014 - 06:19 UTC
Mercosur/Pacific Alliance agree on flexible integration but no talk on tariffs

Mercosur and the Pacific Alliance explored this week in Chile the possibilities of a gradual, and flexible, integration but left aside all possibility of a near future agreement on tariffs.
Wednesday, November 26th 2014 - 10:30 UTC
OECD warns about Euro zone 'prolonged' stagnation with global impact

Global economic growth in the coming two years is facing difficulties because of problems of recession in Japan and stagnation in the European economies and prospects for healthy growth “are stuck in low gear,” the Organization for Economic Cooperation and Development said on Tuesday.