Economy

• Tuesday, October 1st 2019 - 09:03 UTC

  Brazil's national debt at a record high in August, 79.8% of GDP

  

  Brazil's national debt rose to the highest on record in August, central bank figures showed on Monday, driven by a combination of increased interest payments, higher borrowing and a weaker exchange rate.

• Monday, September 30th 2019 - 08:30 UTC

  Dry weather threatens 20% of Argentine winter and summer crops

  

  Dry weather in Argentina is hitting the outlooks for wheat and corn crops, local climate experts said, while low-cost soy is being supported by growers looking to hedge their bets with political uncertainty rising ahead of October's presidential vote.

• Monday, September 30th 2019 - 08:13 UTC

  Petrobras to concentrate on reducing debt load and deep water exploration

  

  Petrobras’ administration board has approved an update to its plan for the next five years that is expected to call for the state-run oil and gas company to dump its gas distribution and transport business, its fertilizer business, and its LPG and biodiesel business, according to media reports.

• Monday, September 30th 2019 - 08:09 UTC

  Retailer Forever 21 files for bankruptcy, but will continue in Latin America

  

  Fashion retailer Forever 21 Inc filed for Chapter 11 bankruptcy on Sunday as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce.

• Saturday, September 28th 2019 - 09:59 UTC

  Opposition candidate wants to re-profile Argentine sovereign debt following on Uruguay's case in 2003

  

  Argentine presidential candidate Alberto Fernandez indicated he would tackle the country's debt problem by adopting a strategy similar to that of Uruguay, which successfully extended its bond maturities in 2003.

• Saturday, September 28th 2019 - 09:40 UTC

  China opens the world's largest terminal airport which is to handle 170m pax by 2025

  

  China's new US$ 11 billion mega airport has opened its doors, days before the country's 70th-anniversary celebrations. The Daxing International sea star-shaped airport in the capital Beijing was formally opened by President Xi Jinping and is the largest in the world.

• Saturday, September 28th 2019 - 09:00 UTC

  Despite talks with UK envoy, EU and Ireland feel chances of a negotiated Brexit deal are fading

  

  Hopes for a negotiated Brexit deal were fading on Friday as EU negotiator Michel Barnier separately met senior British and Irish ministers for another round of inconclusive talks. Britain is due to leave the European Union in less than five weeks.

• Friday, September 27th 2019 - 09:58 UTC

  Falklands' Chamber of Commerce Board elects Mike Summers as Chair

  

  Ex-member of the Legislative Assembly Mike Summers was elected as Chair of the Falkland Islands Chamber of Commerce Board following the 2019 Annual General Meeting last week.

• Friday, September 27th 2019 - 09:02 UTC

  Delta Air Lines buys a 20% stake in LATAM Group for US$ 1.9bn

  

  Delta Air Lines said on Thursday it would buy a 20% stake in LATAM Airlines Group for US$1.9 billion, creating a major new airline partnership and ending the Chilean carrier's ties with American Airlines.

• Friday, September 27th 2019 - 08:53 UTC

  Falklands' port facilities reopen following incident with trawler

  

  Falkland Islands main sea terminal, FIPASS, (Falklands Interim Port and Storage System) this week resumed normal activity after the incident in which the trawler Pesca Vaqueiro collided with the dock on September 5.