Economy

Monday, September 3rd 2018 - 08:32 UTC
Falkland Islands: New titanium collector crown coins feature the crab

The government and treasury of the Falkland Islands issued on 30th August new collector crown coins which feature one of the region’s most familiar side-walking sea-dwelling creatures — the ever familiar crab.
Saturday, September 1st 2018 - 09:27 UTC
S&P places Argentina credit ratings under review

S&P said on Friday it may lower Argentina's long-term foreign currency rating from its current B+ grade, which is four notches below investment grade -- and on par with Turkey, Greece and Fiji. The ratings company cited the risk of worsening creditworthiness and exchange rate volatility as potential threats to the economic adjustment measures undertaken by Mauricio Macri’s administration.
Saturday, September 1st 2018 - 08:00 UTC
Mercosur expecting a “move” from the EU at this month's negotiations in Montevideo

Brazil's Foreign Minister Aloysio Nunes said he expects more “movement” from the European Union as long running talks on a free trade deal with his South American bloc Mercosur head into the home stretch.
Saturday, September 1st 2018 - 07:46 UTC
IMF strong support helps stabilize Argentine Peso; Macri preparing new economic package

Argentina’s beleaguered peso stabilized on Friday as the central bank said it would auction a large amount of dollar reserves, and the International Monetary Fund (IMF) issued a strong statement of support for President Mauricio Macri’s government.
Saturday, September 1st 2018 - 07:03 UTC
UK Pavilion at Uruguay's main agro show; Falklands with a promotion stand

The British Embassy will be part of Uruguay’s most important agricultural event, focused on business, culture, education, food and entertainment, as well as promoting the Falkland Islands. For the fifth consecutive year, the British Embassy in Montevideo takes part in Expo Prado, with a renewed pavilion that invites visitors to explore London’s Underground.
Friday, August 31st 2018 - 09:16 UTC
Brazil contains the value of its currency with a US$ 1.5 billion support

The economic and foreign exchange crisis in Argentina and the growing uncertainties in the political scenario of Brazil ahead of October's presidential election also had an impact in the Brazilian currency and markets, forcing the Central bank to come out with a US$ 1.5bn support.
Friday, August 31st 2018 - 09:01 UTC
Unemployment in Brazil falls slightly in July to 12.3%

Brazil's unemployment rate dipped slightly in July, as expected, extending a slow and bumpy labor market recovery as pivotal presidential elections loom.
Friday, August 31st 2018 - 08:53 UTC
Chinese buyers leave the US soy exporters conference empty handed

An annual U.S. soy exporters' conference wrapped up on Wednesday without any known sales to Chinese buyers, in sharp contrast to previous years when billions of dollars of the main U.S. cash crop have been signed over to China in elaborate ceremonies.
Friday, August 31st 2018 - 08:41 UTC
Trump threatens to withdraw the US from the World Trade Organization

President Donald Trump has threatened to withdraw the US from the World Trade Organization (WTO) if the body fails to change the way it treats America. “If they don't shape up, I would withdraw from the WTO,” Mr. Trump said in an interview with Bloomberg News.
Friday, August 31st 2018 - 08:06 UTC
Bargain shopping for oil companies in Buenos Aires stock market

While the foreign exchange market in Argentina experienced a chaotic Thursday with no ceiling for the US dollar as locals dumped their Argentine pesos, the Argentine stock market witnessed another strong increase with the Merval index up 5.3% reaching 26.754,85 points, boosted mainly by the oil industry stocks.