Economy

Thursday, March 30th 2017 - 06:47 UTC
Brexit: London's financial sector calls for a transitional deal for the industry

London’s powerhouse financial sector finds itself at a critical juncture with Article 50 about to be triggered, as the Square Mile braces itself for a jobs exodus and the potential loss of European trading rights following Brexit. City bosses and politicians have called on the UK Government to secure a transitional deal for the industry to prevent companies pre-empting uncertainty by upping sticks to rival financial centres across the globe.
Wednesday, March 29th 2017 - 10:46 UTC
Falklands was awarded nine MPA contracts in five years

The UK Ministry of Defense has awarded nine direct contracts to locally-based businesses in the Falkland Islands over the last five years including marine services, waste management, logistics and education.Harriet Baldwin, UK Under-Secretary of State for the MoD gave the statistics in response to a question in the House of Commons by Wes Streeting, MP for Ilford North, who visited the Falkland Islands last month in a delegation of four MPs.
Wednesday, March 29th 2017 - 10:37 UTC
Argentine minister confident agriculture and public works will boost the economy

Argentine Finance minister Nicolas Dujovne said on Tuesday that the economy's recovery at the start of the year was based on investment and not in consumption. “It is a heterogeneous recovery, with performance in different sectors: government social expenditure was up 70% but manufacturing was down 80%, mainly because of the Brazilian recession, and domestic contraction”, admitted the minister.
Wednesday, March 29th 2017 - 10:25 UTC
Argentina's economic activity up 1.1% year to year in January

Argentina's economic activity grew in January year to year. Economic activity was 1.1% percent higher in January than twelve months before, the first year-on-year growth since last March, according to the latest release from the revamped stats office, Indec.
Wednesday, March 29th 2017 - 10:15 UTC
It's official: 12.7 million Argentines live in poverty, 30.3% of the population

Argentina's official poverty index in the second half of 2016 dropped to 30.3%, an estimated 12.7 million people, from 32.2% in the first half according to the country's stats office Indec. The 30.3% index includes 6.1% of indigence, which is also below the 6.3% of the first half. The drop means that 800.000 people are no longer in the poverty category index.
Tuesday, March 28th 2017 - 07:54 UTC
Chile, Argentina and Uruguay planning greater coordination of cruise circuits

Punta Arenas Austral Ports Company, EPA, was part of the Chilean stand at the Seatrade Cruise Global fair which took place in mid March in Fort Lauderdale, Florida and attracts the best of the cruise industry, operators and port terminals from all the world.
Monday, March 27th 2017 - 11:07 UTC
Petrobras posted losses of US$ 4.8 billion during 2016

Brazil's state-run oil company says it posted a US$4.8 billion loss in 2016 mainly because of a reduction in the value of assets it needs to sell to lower a debt estimated at more than US$100 billion.
Monday, March 27th 2017 - 08:36 UTC
Labor and social conflicts eroding the image of Argentine president Macri

Argentine president Mauricio Macri is facing a challenging scenario in a crucial year of midterm elections.
Monday, March 27th 2017 - 08:32 UTC
Falklands announces changes to UK currency; new £ 1 coin at the end of March

The Bank of England has recently introduced a new, more secure UK £5 banknote, and plans to introduce a new UK £1 coin that will replace the existing the existing coins.
Monday, March 27th 2017 - 08:15 UTC
Falklands' large farms report better 2016/17 clip and lambing

Falklands Landholdings, FLH, has managed an excellent 2016/17 wool clip in a year with bullish prices, reports the Penguin News latest edition. A total of 138,302 sheep have been shorn producing 342,980 kilos of clean wool and all packed into 2,653 bales over the last five months.