Economy

Wednesday, November 8th 2017 - 21:02 UTC
Latin America's exports expected to increase 10%, following four years of declining prices

In 2017 Latin America and the Caribbean will have left behind half a decade of prices decline of its export basket plus a weak increase in the exported volume, achieving an overall 10% growth in the value of its shipments abroad, according to new estimates released by ECLAC in Chile.
Wednesday, November 8th 2017 - 19:47 UTC
Winners of Uruguay’s Prado Show Hackathon Agro competition visited England

Winners of the Hackathon Agro competition co-organized by the UK embassy in Uruguay, the local Cámara Uruguaya de Tecnologías de la Información (CUTI) and Fundación da Vinci, have visited England. Carlos Capano, Juan Francisco Kniazev and Agustín Ackermann, shared their experiences from their trip to England with Ambassador Ian Duddy, upon their return.
Wednesday, November 8th 2017 - 18:30 UTC
Stop using antibiotics in healthy animals to prevent the spread of resistance, warns WHO

The World Health Organization is recommending that farmers and the food industry stop using antibiotics routinely to promote growth and prevent disease in healthy animals.
Wednesday, November 8th 2017 - 18:11 UTC
Petrobras looking to sell its African oil exploration venture

Brazil’s Petrobras on Tuesday revealed plans to sell its stake in an African oil exploration venture as part of a wider divestment plan. The state managed oil company is looking to sell its 50% stake in Petrobras Oil & Gas BV, or Petrobras Africa.
Wednesday, November 8th 2017 - 12:26 UTC
Irish “grave concerns” about the beef industry with the EU/Mercosur trade deal

Ireland's Minister for Agriculture Michael Creed has expressed “grave concerns” about the offer of a beef tariff rate quota in last month’s round of European Union/Mercosur discussions, which he said gives rise to potentially very serious consequences for the Irish and EU beef sector in particular.
Wednesday, November 8th 2017 - 12:23 UTC
Argentina central bank raises basic rate to 28,75% to contain inflation expectations

Argentina's central bank raised its policy rate to 28.75% on Tuesday, up from 27.25% previously, as inflation expectations rise, the monetary authority said in a statement. It was the bank's second consecutive hike after a long period of holding the rate steady.
Wednesday, November 8th 2017 - 10:50 UTC
Oil markets settle lower, but prospects are in place for prices to continue climbing

Oil settled lower on Tuesday after rising to the highest since July 2015 the previous day, while tension flared between Saudi Arabia and Iran, and the Saudi crown prince tightened his grip on power.
Wednesday, November 8th 2017 - 10:26 UTC
Macri optimistic about reaching a Mercosur/EU trade deal by end of the year

Argentine president Mauricio Macri who has made signing trade deals a priority, said he was optimistic that Mercosur, the trade bloc formed by Argentina, Brazil, Paraguay and Uruguay, would be able to conclude a free trade deal with the European Union by year-end despite differences over beef, ethanol and other agribusiness matters.
Wednesday, November 8th 2017 - 10:14 UTC
Temer insists social security reform bill will pass, despite all the opposition

Brazilian president Michel Temer admitted that the social security reform bill may not be put to a vote, but underlined that even if that is the case, the federal government will not be shut down.
Wednesday, November 8th 2017 - 09:59 UTC
An estimated third of the Brazilian population live below the poverty line

A new system implemented by the World Bank to measure the number of people who live below the poverty line has meant that in Brazil the number has risen from 8.9 million to 45.5 million, which is almost a third of the population.