Economy

Friday, February 23rd 2018 - 09:13 UTC
Argentine farmers agree to pay royalties to seed companies like Monsanto

Argentine farmers have agreed to pay perpetual royalties when they replant genetically modified seeds made by companies like Monsanto Co, a deal that could allow farmers access to the newest biotechnology.
Friday, February 23rd 2018 - 09:00 UTC
Takata faulty airbag manufacturer reaches settlement in US

The US arm of Japanese manufacturer Takata has reached a settlement with 44 US state attorneys-general into claims it concealed dangerous defects in its exploding airbags. The faulty airbags have been linked to at least a dozen deaths and more than 100 injuries worldwide. The settlement includes a civil penalty of about US$650m.
Friday, February 23rd 2018 - 07:49 UTC
Falklands: Second flight statement meets approval and dismay

A statement entitled ‘Progress made towards establishing a second commercial Falkland Islands air link’ released last week by the Falkland Islands Government, but too late for publication in the Penguin News, has met with a mixed reception in the Islands. While some have expressed favor others have reservations and questions as witnessed by readers’ letters in this Friday edition.
Friday, February 23rd 2018 - 06:56 UTC
Falklands/Uruguay strengthening of links is of interest to visiting diplomats

Two British diplomats based in Latin America were visiting the Falklands this week, arriving on Sunday on the delayed LATAM flight after enjoying an unexpected one-night stopover in Punta Arenas. Making his second visit to the Falklands was His Excellency Ian Duddy, British Ambassador to Uruguay. He was accompanied by Richard Jones, Second Secretary at the British Embassy in Buenos Aires.
Thursday, February 22nd 2018 - 09:41 UTC
Argentine union leader Moyano remembers Macri where the real opposition stands

Argentina's teamsters powerful boss, Hugo Moyano supported by members from banks, judicial and teachers unions, plus social, picketers and left wing groupings, together with Kirchner followers marched on downtown Buenos Aires Wednesday evening for a huge rally to protest President Mauricio Macri's economic policies and attempts to reform labor legislation.
Thursday, February 22nd 2018 - 09:20 UTC
US share of global sales of soybean and grains to shrink as South American competition grows

The U.S. Department of Agriculture sees U.S. corn and soybean exports generally increasing over the coming decade but the U.S. share of global sales will shrink as competition from South American producers heats up, the government said in its annual report.
Thursday, February 22nd 2018 - 09:07 UTC
Fed more positive on economic outlook ...and more rate hikes expected in 2018

United States Federal Reserve officials grew more positive on the economic outlook, citing “substantial underlying economic momentum,” and were increasingly optimistic about achieving their inflation target, according to minutes of last month’s policy meeting.
Wednesday, February 21st 2018 - 09:19 UTC
Brexit strategy suggestion to Theresa May from 62 Conservative MPs

More than 60 Conservative MPs have signed a letter to Theresa May making a series of “suggestions” about the government's Brexit strategy. The letter from the European Research Group says the UK should be free to negotiate and sign trade deals with other countries as soon as it leaves.
Wednesday, February 21st 2018 - 08:53 UTC
Illinois farm industry concerned with main competitors Argentina and Brazilian growth

A market study tour in January to Argentina and Brazil by the US state of Illinois Farm Bureau helped farm bureau leaders and Illinois farmers learn more about their chief competitors. Tamara Nelsen, senior director of commodities at the Illinois Farm Bureau, said the original plan to go to Canada and Mexico was scrapped due to anti-trade rhetoric, which led experts to point them to South America.
Wednesday, February 21st 2018 - 07:19 UTC
Switzerland interested in a trade deal with Mercosur despite its own farmers

Swiss Economic Affairs Minister Johann Schneider-Ammann wants to speed up a free trade agreement between Switzerland and Mercosur, but there is concern in the agricultural sector, according to the country's media.