Economy

Saturday, January 27th 2018 - 09:17 UTC
US economic growth in the fourth quarter slows to 2.6%, and 2.3% for 2017

US economic growth slowed unexpectedly to an annualised rate of 2.6% in the last three months of 2017, the Commerce Department said on Friday. Economists had expected the rate to be 3% - the same as the three months to September.
Saturday, January 27th 2018 - 08:25 UTC
Macri and Macron agree in most issues, but not in the EU/Mercosur talks

Argentine president Mauricio Macri ended on Friday his European tour in Paris, where he addressed the business community and potential investors, and later held a private meeting with president Emmanuel Macron. According to Argentine sources there is strong French investors' interest, but apparently Macron held his ground when regarding the EU/Mercosur overall trade agreement.
Friday, January 26th 2018 - 09:46 UTC
Uruguay and China flirt with a trade agreement, but Mercosur is not convinced

Chinese Foreign Minister Wang Yi said that Beijing is willing to negotiate step by step, a free trade agreements with Uruguay and other countries in South America, particularly members of Mercosur.
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.