Economy

Friday, May 9th 2014 - 06:47 UTC
Brazil says Mercosur/EU to meet in Brussels at the end of May for trade talks

At the end of May Mercosur will be ready to exchange tariff-reduction proposals with the European Union, announced Brazilian Industry minister Mauro Borges who also anticipated the trade block would be holding a preparatory meeting next week in Caracas, Venezuela.
Friday, May 9th 2014 - 06:42 UTC
Fed in no rush to address its balance sheet; calls on Senate for fiscal restraint

The US Federal Reserve is in no rush to decide the appropriate size of its balance sheet, but if it ultimately shrinks it to a pre-crisis size, the process could take the better part of a decade, Fed Chair Janet Yellen has said.
Thursday, May 8th 2014 - 04:34 UTC
Grim outlook for Argentine industry according to auto industry and Moody's

An estimated 12.000 workers from the auto industry and auto-parts manufacturing have been sent home on anticipated vacations or because of lesser working days, according to the mechanics union SMATA, a figure consistent with the level of domestic market sales and exports. However the industry leaders and unions have warned that the situation is set to worsen in coming months.
Thursday, May 8th 2014 - 04:30 UTC
Argentine manufacturers send a strong disappointment message to government

The Argentine Industrial Union, UIA, the country's manufacturers strongest lobby released the results of a poll on Wednesday warning about the lower level of economic activity expected this year. The poll covered 300 corporations belonging to the organization and forecasts no jobs creation and abundant layoffs.
Wednesday, May 7th 2014 - 01:44 UTC
Falklands: Slow start but sprint finish for 2014 squid fishery

In the last 25 years, the squid fishery has been one of the major contributors to the economy of the Falkland Islands. It is unique in the world as about 80 per cent of the total annual catch is squid. Both Illex and Loligo squid have annual life cycles, with a new generation recruiting into the fishery every year
Tuesday, May 6th 2014 - 07:49 UTC
Argentines pessimistic about jobs, household income and mid-term prospects

A pessimistic mood has taken over in Argentina, according to a recent public opinion poll and report on jobs, household income, and mid-term prospects, according to the latest economic expectations index, IGEE from the Catholic University supported by pollster TNS-Gallup.
Tuesday, May 6th 2014 - 06:19 UTC
Uruguay's inflation index down 0.06% in April; four-month index 4.68%

Uruguay's inflation index was down 0.06% during April with the annual index standing at 9.18% and 4.68% in the first four months of the year, according to the latest release from the country's stats office, INE.
Monday, May 5th 2014 - 07:04 UTC
Uruguay displaces Argentina as the main supplier of milk to Brazil

Uruguay's dairy industry has overtaken Argentina as the main supplier of milk to Brazil, according to Globo Rural, a Brazilian site which specializes in farming news. “Brazil's imports were globally 60% Argentine milk and the rest, 40% from Uruguay, but now Uruguay has moved to over 50%, meaning Argentina is losing ground in Latam largest economy and leading Mercosur partner”, Anibal Schaller manager of the Milk Industry Center, admitted to Globo Rural.
Monday, May 5th 2014 - 06:42 UTC
Foreign tourists in Britain expected to spend 46 billion dollars by 2017

Spending by foreign tourists in Britain is set to rise 34% to over 27 billion pounds (46 billion dollars) a year by 2017, according to research published on Friday, boosting the country's retail and leisure industries.
Monday, May 5th 2014 - 06:24 UTC
“Least difficult phase of economic growth is now over”, IMF top official tells Latam

IMF Director for the Western Hemisphere Department Alejandro Werner has once again called on Latin America to embark upon economic reforms, claiming that the “least difficult” phase of economic growth is now over.