Economy

Thursday, April 6th 2017 - 12:53 UTC
Uruguay's March inflation finally drops to the Central bank target range

Consumer prices in Uruguay rose 0.68% in March, the government said in a statement on Wednesday, bringing the country's 12-month inflation rate to 6.81%. It was the first time since December 2010 that Uruguayan inflation was within the country's 3% to 7% target range.
Thursday, April 6th 2017 - 08:05 UTC
General strike in Argentina; Macri hosts the World Economic Forum

Workers are committed to a general strike in recession-hit Argentina on Thursday, drawing complaints from conservative President Mauricio Macri as he prepares to host leaders and business people for an economic forum.
Wednesday, April 5th 2017 - 20:59 UTC
Tesla electric car maker market value overtakes Ford; 2016 sales reached 76.000

Tesla's market value has overtaken that of Ford after shares in the electric car maker added more than 7%. At the close of trading Tesla had a market value of US$49bn, compared with Ford's value of US$46bn.
Wednesday, April 5th 2017 - 19:27 UTC
Brazil industrial output still virtually flat; central bank says inflation expectations are “well anchored”

Industrial output in Brazil barely grew in February, government data showed on Tuesday, throwing cold water on hopes of a quicker recovery from a two-year recession. Industrial production rose 0.1% in February from January, government statistics agency IBGE said, short of expectations for a larger increase.
Wednesday, April 5th 2017 - 06:32 UTC
S&P raised Argentina's credit rating to “B”, on the “verge of exiting recession”

Standard & Poor's raised Argentina's credit rating one notch Tuesday, from B- to B, saying Latin America's third-largest economy was on the verge of exiting recession.The rating bump gives a boost to conservative President Mauricio Macri, who has launched sweeping - often unpopular - economic reforms aimed at reviving growth.
Wednesday, April 5th 2017 - 06:22 UTC
IDB ends annual meeting with agreement to replenish innovation fund

The Inter-American Development Bank and the Inter-American Investment Corporation wrapped up the annual meeting of their Boards of Governors after reaching an agreement to replenish the Multilateral Investment Fund (MIF), the IDB Group’s innovation lab.
Wednesday, April 5th 2017 - 06:08 UTC
Falkland Islands Government appoints Financial Secretary

The Falkland Islands Government has announced the appointment of James Wilson as its Financial Secretary. After a short handover period with Lydia Morrison - who is currently the Interim Financial Secretary - he will formally take up his role on 1 June 2017.
Wednesday, April 5th 2017 - 05:49 UTC
Chile's annual resources' report shows nine fisheries are depleted or collapsed

The latest annual report from Chile's Fisheries administration, “Public Account of Resources Status 2016” indicates that of the 43 existing fisheries, 25 have biological reference points (PBR) which means a precautionary approach. The presentation was made by Paolo Trejo, Under Secretary for Fisheries and Aquaculture.
Tuesday, April 4th 2017 - 09:55 UTC
Maduro gained his true objective: sweeping authority to cut oil deals on behalf of PDVSA

Venezuelan Supreme Court reversal decision to take over the opposition-led congress seems to have yielded to domestic and international pressure, but it still gives embattled populist President Nicolas Maduro broad new powers over the country´s vast oil wealth, which now appears to have been his true target.
Tuesday, April 4th 2017 - 09:50 UTC
Torrential rains and mudslides destroy “80% of Comodoro Rivadavia”

Comodoro Rivadavia, in Argentine Patagonia, also known as the “Oil capital” of the country is estimated to have experienced an “80% destruction” of the city, according to a first report from an Army engineers' battalion sent to set up bridges and repair highways. The city suffered a week of historic torrential rains (330mm) and strong winds with flooding, mudslides which swept away with bridges and tracts of roads and major highways.