Economy

Thursday, May 15th 2014 - 07:14 UTC
Consumer prices in Argentina decelerate, but controversy on how much persists

The Argentine consumer-price index climbed 1.8% in April over March, which means that during the first four months of the year it reached 11.99%. The CPI announcement was made by Economy minister Axel Kicillof at a press conference on Wednesday. However private estimates and the Buenos Aires City index show greater percentages.
Thursday, May 15th 2014 - 00:31 UTC
Falklands drilling will resume in second quarter of 2015, announced Premier Oil

Exploration drilling in the waters off the Falkland Islands will resume in the second quarter of next year, according to Premier Oil. Negotiations are currently underway with rig contractors and joint venture partners, the company said in its interim management statement which was approved as the annual general meeting.
Thursday, May 15th 2014 - 00:22 UTC
Brazil forecasts 3bn boost to the economy with 3.7 million World Cup visitors

Brazil forecasts that the estimated 3.7 million people expected to visit during the World Cup, including Brazilian and foreign tourists, will boost the country's economy to the tune of 3.03bn. dollars.
Wednesday, May 14th 2014 - 05:24 UTC
Uruguay offers 'tremendous guarantees' and is a 'decent country' Mujica tells US investors

Uruguay offers “tremendous guarantees” for investors and is “a decent country”, said President Jose Mujica on his second day visit to Washington where he addressed 120 business people at the US Chamber of Commerce during a Tuesday morning work-breakfast.
Wednesday, May 14th 2014 - 05:19 UTC
Mujica meets Kerry to implement support at technology and education levels

President Jose Mujica addressing US Secretary of State John Kerry said that Uruguay has a significant deficit in technology and scientific education, and was hopeful that cooperation with the United States would help insisting that the goal is achieving equality and wealth distribution.
Wednesday, May 14th 2014 - 00:24 UTC
Cristina Fernandez ally union admits 18.8% (7 million) of Argentines are under the poverty line

At least 7 million Argentines, or 18.8% of the population, currently find themselves under the poverty line, with 1.7 million (4.2%) classed as in extreme poverty or indigence, according to a new report from the Argentine Workers' Central (CTA) union headed by the Cristina Fernandez government ally Hugo Yasky.
Tuesday, May 13th 2014 - 18:51 UTC
IMF warns Latin America about changing times and calls for fiscal prudence

The International Monetary Fund (IMF) has suggested that Argentina could benefit from cutting public spending destined for subsidies on energy costs, stating that such policies are “very costly and distort economic activity.”
Monday, May 12th 2014 - 23:56 UTC
Mujica asks Obama support for scientific knowledge and to combat smoking

In an enjoyable press conference at the White House Uruguay's President Jose Mujica spoke about the increasing importance for people in the US to be bilingual, the dangers of smoking and his interest in having access to U.S. knowledge and professors. President Barrack Obama praised the Uruguayan leader's 'extraordinary' credibility and leadership in democracy and human rights issues.
Monday, May 12th 2014 - 23:51 UTC
Lima ranks as the Latin American with best reputation for making business

Lima, capital of Peru outstands as the leading Latin American city to make business, followed by Santiago de Chile, Buenos Aires, Argentina and Sao Paulo, Brazil, although these last two actually dropped from the previous ranking, according to an annual list made by the Bogotá Rosario University.
Monday, May 12th 2014 - 20:03 UTC
Falklands' fisheries success story: 20 years of Consolidated and 10 of CFL Gambler

Falkland Islands Consolidated Fisheries Ltd (CFL) celebrated its 20th anniversary as a company at a reception and banquet at Malvina House Hotel. It also celebrated the 10th anniversary of its vessel CFL Gambler’s blessing and highlighted the MSC certification of the toothfish fishery.