Economy

• Wednesday, May 12th 2021 - 09:30 UTC

  Argentine President Fernández vows strategic agreement with Spain to be built

  

  Argentina's President Alberto Fernández Tuesday said in Madrid after separate meetings with King Felipe VI and Prime Minister Pedro Sánchez that “we are going to consolidate a strategic agreement and we can relaunch it with your visit and deepen it as much as necessary.”

• Tuesday, May 11th 2021 - 09:36 UTC

  Falklands plans to borrow US$ 85 million for the port, and manages a credit rating of A+ from S&P Global

  

  Reuters has reported that the Falkland Islands got its first sovereign credit rating, an investment-grade A+ score from S&P Global on Monday, as the tiny British-run territory looks to dip into borrowing markets to pay for improvements to its main port.

• Tuesday, May 11th 2021 - 01:49 UTC

  Vigo anticipates a 50,000 tons Falklands' Loligo catch but it will have to pay tariff to access the EU

  

  The Falkland Islands' fishing industry partners/associates in Vigo are faced with good and bad news. The good news is that the Loligo catch is expected to reach 50,000 tons, while the bad news is that the exceptional squid harvest expected to begin arriving next week in Vigo will be, for the first time facing a 6% tariff when landed in Spain, according to the Galicia media.

• Monday, May 10th 2021 - 09:50 UTC

  US investors withdrawing from Latin America's three largest economies as populist rulers spark concern

  

  According to a recent report from the Department of the Treasury, investors from the United States are rapidly fleeing the once most promising and three largest countries of Latin America (Brazil, Mexico and Argentina).

• Saturday, May 8th 2021 - 09:10 UTC

  Quarantine has catastrophic consequences on Argentina's economy, report shows

  

  Argentina's Federal Tax Bureau AFIP data shows 235,381 jobs were lost and around 23,000 companies had closed as the result of the contraction in the economy due to the health measures to control coronavirus, it was reported Friday.

• Saturday, May 8th 2021 - 08:15 UTC

  Argentina's inflation for the year 2021 forecast at 47.3%

  

  Argentina's monthly inflation for April 2021 is expected to be around 3.8%, according to consulting firms surveyed by the Central Bank.

• Saturday, May 8th 2021 - 06:41 UTC

  Paraguayan President Abdo meets with Spain's FM

  

  Paraguay's President Mario Abdo Benítez Friday welcomed Spain's Foreign Minister Arancha González Laya at the presidential residence of Mburuvicha Roga in Asunción. The presence of Spain's top diplomat is linked, among other issues, to Mercosur's trade deal with the European Union.

• Friday, May 7th 2021 - 09:05 UTC

  Brazilian FM underscores China's significance to the South American country

  

  Brazil's Foreign Minister Carlos França Thursday expressed his country's intentions to expand and diversify its economic and trade relations with China, which has grown to become its largest trading partner.

• Friday, May 7th 2021 - 08:57 UTC

  China open to trade deal either with Uruguay or with all of Mercosur, says Ambassador

  

  China's Ambassador in Montevideo Wang Gang Wednesday underlined his country's “open attitude” towards a trade agreement “either bilateral or en bloc” with Mercosur (Argentina, Brazil, Paraguay, Uruguay) “when Uruguay or the bloc as a whole are ready.”

• Friday, May 7th 2021 - 08:28 UTC

  Unemployment in Uruguay falls bellow 10% in March

  

  Uruguay's labour market showed some recovery Thursday as unemployment in March fell to 9.7% from February's 11.1%, according to a report released by the National Institute of Statistics (INE).