Economy

• Friday, January 26th 2018 - 09:24 UTC

  “Argentina has left the populist experiment, and no other country has its potential”

  

  Argentina has left behind its populist experiment, and there is no other country with greater potential, Argentine president Mauricio Macri told the World Economic Forum in Davos during a speech to the forum of world political and business leaders.

• Friday, January 26th 2018 - 07:27 UTC

  Falklands decide to discuss a Holiday Scheme, originally funded by the government

  

  The Falkland Islands Holiday Credit Scheme that lasted some ten years until 2008, and by which the government credited a daily contribution to each Islander in support of the cost of overseas travel, may be about to make a comeback, according to the latest edition of the Penguin News.

• Thursday, January 25th 2018 - 10:03 UTC

  Treasury Secretary tells Davos US welcomes a weakening dollar

  

  The U.S. dollar extended its recent rout to hit three-year lows on Wednesday after U.S. Treasury Secretary Steven Mnuchin said he welcomed a weakening in the dollar. Fears of protectionist trade policies by the United States had already pushed the greenback to a three-year low, and Mnuchin’s remark at the annual Davos summit of business and political leaders pushed it down further.

• Thursday, January 25th 2018 - 09:53 UTC

  Argentine economy expanded 3.9% in November over a year ago

  

  The economic activity index in Argentina, a proxy for the country's Gross Domestic Product (GDP), rose 3.9% in November from a year before - decelerating from October, when the index posted an annual rise of 5.2%.

• Thursday, January 25th 2018 - 07:05 UTC

  Brazil shares surge as Lula's corruption conviction is confirmed ruling him out his presidential bid

  

  Brazilian assets soared, with the Bovespa surging above 83,000 for the first time ever, and the currency Real surging through 3.20 after three judges in a local appeals court upheld a conviction for corruption imposed last July on ex-President Lula da Silva.

• Thursday, January 25th 2018 - 06:39 UTC

  Macri and Putin in Moscow reaffirm Argentina/Russia strategic relationship

  

  Argentine President Mauricio Macri and his Russian counterpart, Vladimir Putin, signed on Tuesday a declaration aimed at strengthening bilateral cooperation during a press conference at the Kremlin. Macri told Putin that he hoped this marked the first of many visits to the Russian capital and highlighted their countries’ mutual interests.

• Thursday, January 25th 2018 - 06:19 UTC

  Chinese foreign minister in Uruguay to promote trade and investments

  

  Chinese foreign minister Wang Yi arrived in Uruguay on Tuesday night for a three-day official visit which includes meetings with his peer Rodolfo Nin Novoa, president Tabare Vazquez and holding a round of talks to promote trade and discuss the possibility of a bilateral agreement.

• Wednesday, January 24th 2018 - 10:02 UTC

  “Enough is enough”, thousands of Uruguayan farmers tell the government

  

  “Enough is enough”, an end to the bloated state and its fiscal voracity, so that Uruguayan farmers can recover competitiveness, was the clear message from tens of thousands who gathered in central Uruguay to express their disenchantment with president Tabare Vazquez administration attitude towards the rural sector.

• Wednesday, January 24th 2018 - 07:18 UTC

  Trump makes “America big again” by imposing stiff tariffs on solar panels and washing machines

  

  President Donald Trump's decision on Monday to impose stiff tariffs on imported solar panels and washing machines has stirred concerns around the world, including North America. Mexico says it regrets the U.S. decision not to exclude it from these new tariffs. And it's vowing to take action to halt Mr. Trump's latest salvo on global trade.

• Tuesday, January 23rd 2018 - 09:23 UTC

  Trump's tax reform prompts brighter outlook for global economy, says IMF

  

  Prospects for the global economy are looking brighter, according to the International Monetary Fund (IMF), arguing that the recent pick-up has been pretty broad-based, particularly in Europe and Asia. Tax reforms in the United States are expected to stimulate economic activity, especially business investment.