Economy

• Saturday, October 27th 2018 - 08:39 UTC

  A no Brexit deal will slow sharply UK economic growth, says think tank

  

  A no-deal Brexit could slam the brakes on the UK’s economic growth, wiping out Chancellor Philip Hammond’s hopes of boosting public spending, a think tank has said. If the UK fails to reach a withdrawal deal with the EU and moves on to World Trade Organization (WTO) rules next March, GDP growth can be expected to slow sharply from 1.4% this year to 0.3% in both 2019 and 2020, said the National Institute of Economic and Social Research (Niesr).

• Friday, October 26th 2018 - 11:08 UTC

  Uruguay has no knowledge of lawsuit over PLUNA, says Minister Rossi

  

  Uruguay's government knows nothing about a lawsuit from a US investment fund for the bankruptcy of the flag airline PLUNA, Transport Minister Víctor Rossi explained Wednesday.

• Friday, October 26th 2018 - 09:51 UTC

  Higher taxes ahead for Argentine real estate owners

  

  Argentine President Mauricio Macri has created a new body within his administration to reassess the value of land and home property in order to “reflect the reality of the real estate market” ... and recalculate taxation thereupon.

• Friday, October 26th 2018 - 08:19 UTC

  Lords furious with Brexit Secretary who refuses to attend and inform EU Select Committee

  

  The House of Lords EU Select Committee has written to Brexit Secretary Dominic Raab urging him not to stand in the way of Parliamentary scrutiny, and to honor his previous commitment to give evidence to Committees “on a regular basis”.

• Friday, October 26th 2018 - 07:38 UTC

  Argentina expects final approval of 2019 budget by mid November

  

  Lawmakers in Argentina’s lower house of Congress approved on early morning Thursday an unpopular austerity budget designed to meet the stiff requirements of a US$57.1 billion International Monetary Fund bailout.

• Friday, October 26th 2018 - 00:48 UTC

  Dujovne foresees Argentina's October inflation “will be bad”

  

  Argentina's Finance Minister Nicolás Dujovne Tuesday admitted October's inflation “will be bad” due to the September carryover. But he expected “a clear drop” for November.

• Thursday, October 25th 2018 - 21:31 UTC

  Faurie in London: “Argentina is building institutions”

  

  Argentina’s Foreign Minister spoke at a conference in Chatham House about the political and economic changes happening in Latin America.

• Thursday, October 25th 2018 - 06:59 UTC

  Puerto Madryn is expecting 39 cruise calls this 2018/19 season

  

  Puerto Madryn in the Patagonia province of Chubut, and one of three Argentine ports operating with cruise vessels is expecting to receive 39 calls this 2018/19 season, totaling some 59.000 visitors and 28.000 crew members.

• Thursday, October 25th 2018 - 06:10 UTC

  Riots outside, and insults inside as Argentine Congress discusses austerity budget

  

  Protesters opposed to proposed austerity measures clashed with police outside Argentina's Congress on Wednesday as lawmakers discussed next year's budget. Dozens of people threw rocks while police in riot gear responded with rubber bullets and water cannons. Local television said that at least twenty-seven people have been detained but there were no confirmed reports on injuries.

• Wednesday, October 24th 2018 - 12:50 UTC

  Mapuche demands freeze Chinese wind energy project for Bariloche

  

  A Chinese renewable energy investment in Patagonia was halted after no agreement could be reached with the small mapuche community living where the wind turbines were going to be installed.