Economy

• Monday, May 7th 2018 - 09:07 UTC

  Fed fines Goldman Sachs Group for unsound foreign exchange trading

  

  The United States Federal Reserve Board announced that it has fined The Goldman Sachs Group, Inc., US$ 54.75 million for the firm's unsafe and unsound practices in its foreign exchange (FX) trading business.

• Monday, May 7th 2018 - 08:54 UTC

  British Embassy in Buenos Aires launches call for project bids for 2018

  

  The British Embassy is inviting all interested parties to submit their proposals for the British Embassy Buenos Aires Project Fund 2018. The British Embassy has been allocated program funds for UK financial year 2018/2019. The fund is part of the UK’s total Official Development Assistance (ODA) commitment of 0.7% of GNI.

• Monday, May 7th 2018 - 08:42 UTC

  Argentina Parana River returns to normal activity following release of grounded vessel

  

  Grains shipping on Argentina’s Parana River was returning to normal on Saturday after a ship ran aground on Friday, causing delays, the head of Argentina’s Chamber of Port and Maritime Activity said.

• Monday, May 7th 2018 - 08:29 UTC

  Argentina and China among the most vulnerable markets, says IIF

  

  The markets of China, Ukraine, Argentina, South Africa and Turkey are the most vulnerable among all developing countries in terms of financing needs, reserve adequacy, asset valuation, institutional quality and trade resilience, according to a review by the analysts of the Institute of International Finance (IIF).

• Saturday, May 5th 2018 - 09:15 UTC

  When Will Electric Cars Take Over The Roads?

  

  The age of the electric vehicle (EV) will be here sooner than you think.

• Saturday, May 5th 2018 - 09:05 UTC

  Brazilian recovery stalls as industrial output falls 0.1% in March

  

  Industrial output in Brazil contracted unexpectedly in March, the latest in a string of weak data suggesting a recovery in Latin America's largest economy hit a bump in the first quarter. Production fell 0.1% from February, government statistics agency IBGE announced.

• Saturday, May 5th 2018 - 07:24 UTC

  Argentina hikes benchmark rate to 40%, easing pressure on the Peso but not on inflation

  

  Argentina's Central Bank on Friday hiked its benchmark interest rate to 40% to support the peso, the third such hike in just over a week and one day after the currency plunged in value. Following the decision, the peso -- which has lost more than 10% of its value in the past month -- opened 6% higher against the dollar.

• Friday, May 4th 2018 - 09:00 UTC

  Argentine Peso tumbles 7.83% to US dollar; central bank raises rate to 33.25%

  

  Argentina’s central bank raised its benchmark interest rate by 300 basis points to 33.25% percent on Thursday, but the second steep rate increase in less than a week failed to stop the country’s peso currency from swooning to a record low. The local currency tumbled 7.83% to 23 per U.S. dollar. It had hit 21.2 to the greenback on Wednesday, the first trading day due to a holiday after the bank hiked the rate to 30.25% from 27.25% on Friday.

• Friday, May 4th 2018 - 08:38 UTC

  Falkland Landholdings: increase in production numbers and quality

  

  An overall increase in production numbers and quality at Falkland Landholdings was reported by General Manager Andrew Pollard at the FLH Board meeting on March 27. Mr. Pollard in early April also attended the World Merino Conference held in Montevideo, an excellent opportunity to meet Uruguayan customers of Falklands' wool, sheep farmers from other countries and Peter Ackroyd, President of the International Wool Textile Organization, IWTO.

• Thursday, May 3rd 2018 - 08:44 UTC

  Uruguay´s soybean crop forecasted to drop 43% because of devastating drought

  

  Due to the recent devastating drought, soybean production in Uruguay is forecast to drop to 1.7 million tons in 2017-18, according to an April 30 Global Agricultural Information Network (GAIN) report from the U.S. Department of Agriculture.