Economy

• Thursday, September 18th 2014 - 05:14 UTC

  Philip Morris determined to make its legal battle over cigarette labeling with Uruguay, a lesson for other countries

  

  Whether you’re a Marlboro man or a Benson & Hedges smoker, if you pick up a pack in the South American nation you will be greeted by an image of decaying teeth, premature babies, horrific hospital scenes or some other terrifying scenario.

• Thursday, September 18th 2014 - 03:08 UTC

  The Scottish referendum

  

  By Gwynne Dyer - If the Scots vote “yes” to independence on Sept. 18, as one opinion poll now suggests they will, three things are likely to happen in the following week.

• Wednesday, September 17th 2014 - 05:20 UTC

  US dollar reaches new record in Argentina; the 'Dolar Demichelis' forecasted

  

  The US dollar in the informal market reached a new record high against the Argentine Peso at the end of trading on Tuesday. Earlier in the day the Central bank reported the biggest one-day drop in its international reserves since July 30.

• Wednesday, September 17th 2014 - 04:20 UTC

  Mantega announces yet another stimulus package for Brazil's economy

  

  Finance Minister Guido Mantega presented on Monday a package of tax measures aimed at stimulating Brazil's economy less than a month ahead of the presidential election.

• Wednesday, September 17th 2014 - 01:11 UTC

  Argentina warns US acting ambassador on 'default' statements and 'deplores lack of support'

  

  United States interim ambassador to Argentina Kevin Sullivan was summoned to foreign minister Hector Timerman's office and was informed of ”the profound and firm rejection of the Argentine government to the US diplomat’s inappropriate statements”, according to the statement from the ministry made public on Tuesday.

• Tuesday, September 16th 2014 - 05:57 UTC

  VisitBritain: UK to refund cost of visa for Chinese tourists in organized groups

  

  British Chancellor George Osborne has announced plans to refund the cost of up to 25,000 visas for Chinese tourists in an attempt to attract more visits to the UK. It was one of a series of measures announced at an economic summit in London, attended by Chinese vice premier Ma Kai.

• Tuesday, September 16th 2014 - 05:50 UTC

  HSBC reached 550m agreement with US banking regulators

  

  HSBC Holdings will pay 550 million dollars to resolve a US regulator's claims that the British bank made false representations in selling mortgage bonds to the federal mortgage companies Fannie Mae and Freddie Mac before the financial crisis.

• Tuesday, September 16th 2014 - 05:36 UTC

  Argentine seafood exports up 3.9% in value and 3% in volume in first half of 2014

  

  In the first half of this year, Argentina seafood exports totaled 778.8 million dollars with a slight increase of 30 million dollars, and 3.9% over the same period of 2013 (749.6 million), reported the Directorate of Fisheries Economics from the Fisheries and Aquaculture Under Secretariat.

• Tuesday, September 16th 2014 - 05:28 UTC

  Mercosur/Pacific Alliance foreign ministers plan to meet in Chile in November

  

  Foreign affairs ministers from Mercosur and the Pacific Alliance will be meeting next 24 November in Santiago de Chile to explore a possible integration between the two blocks according to Paraguay's foreign minister Eladio Loizaga.

• Tuesday, September 16th 2014 - 05:25 UTC

  Uruguay's economy expands 3.7% during the second quarter over a year ago

  

  Confirming ten years of sustained expansion the Uruguayan economy advanced 2% in the second quarter over the first quarter and 3.7% over the same period a year ago, according to the latest reports from the Central bank.