Economy

• 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.

• Saturday, May 3rd 2014 - 06:18 UTC

  Uruguay interested in joining negotiations to liberalize trade in services

  

  Uruguay has expressed an interest in actively participating in negotiations to liberalize trade in services in the framework of TISA, Trade in Services Agreement which recently held its seventh round of talks in Geneva.

• Saturday, May 3rd 2014 - 06:06 UTC

  Construction in Argentina down 6% in March; industry demands price stability

  

  Argentina's National Statistics Bureau, Indec revealed that construction activity fell 6% in March compared with the same period in 2013. The Argentine government, as has happened with the poverty figures, at first was reluctant to release the index, but finally delivered the latest data.

• Saturday, May 3rd 2014 - 05:43 UTC

  Pope says Vatican finances must be transparent and aimed at helping the needy

  

  Vatican administrators need a “change of mentality” and must ensure that the Holy See's finances are efficient, transparent and primarily aimed at helping the most needy, Pope Francis said on Friday.