Economy

Friday, April 28th 2017 - 17:23 UTC
Brazil hit by record 13.7% unemployment in March, 14 million out of a job

Brazil's jobless rate rose to a record for the fifth straight month in March with more than 14 million workers unemployed, government data showed on Friday, illustrating the hardships caused by the country's deepest recession ever.
Friday, April 28th 2017 - 11:09 UTC
Trump opts to renegotiate NAFTA agreement; talks to Peña Nieto and Justin Trudeau

President Trump told reporters Thursday he had been planning to terminate the North American Free Trade Agreement within days, but decided to try to renegotiate the agreement instead. The president held out the possibility of killing the trade deal later if the negotiations fail.
Friday, April 28th 2017 - 11:01 UTC
Falklands: Argentine investors project to build a Howard Johnson hotel in Stanley

An Argentine businessman and partner of the US based Howard Johnson, with 37 hotels under that name in Argentina, Uruguay and Paraguay, is attempting to refloat an old project to install a 40 rooms complex in the Falkland Islands, according to media reports in Buenos Aires.
Friday, April 28th 2017 - 09:50 UTC
Joint Statement from President Donald J. Trump and President Mauricio Macri

President Donald J. Trump hosted President Mauricio Macri of Argentina (Thursday 27 April) to discuss ways to deepen the close partnership between the United States and Argentina.
Friday, April 28th 2017 - 03:03 UTC
Argentine economy contracted in February, but in March consumer confidence is picking up

Argentina's economy contracted 2.2% on the year in February, indicating that the country's widely expected fiscal recovery may end up being slower than anticipated this year. The economy also shrank 1.9% from the previous month, the national statistics agency Indec reported. The data come after Argentina's economy grew 1.4% on the year in January.
Thursday, April 27th 2017 - 23:44 UTC
Falklands airbridge working; no reply from Argentina on a second flight

Falkland Islands lawmaker, MLA Mike Summers apologized on behalf of the UK Ministry of Defense (MoD) for the disruption that the flight diversion from Ascension Island had caused, but said he knew they were working hard to ensure proper arrangements were in place for the continuation of the air bridge with the UK.
Thursday, April 27th 2017 - 09:21 UTC
Trump announces plan to lower taxes; Wall Street cautious, Democrats call it a handout to the wealthy

President Donald Trump administration on Wednesday presented a sweeping plan to lower tax rates for individuals and businesses, saying it would create the biggest tax cut in United States history. However US markets slid at the close after the Trump administration outlined the tax cut plan and Democrats described it as a handout to the wealthy that would expand the deficit.
Wednesday, April 26th 2017 - 08:20 UTC
EU/Mercosur trade agreement “closer than ever”, says Spanish president Rajoy

The European Union and South American trade bloc Mercosur should intensify talks to reach a trade agreement this year, Spanish Prime Minister Mariano Rajoy said on Tuesday, urging haste after 18 years of negotiations.
Tuesday, April 25th 2017 - 19:16 UTC
UN forecasts South American countries average economic expansion at 0.6%

The Economic Commission for Latin America and the Caribbean (ECLAC) updated growth projections for economic activity in the region in 2017 and forecasts a 1.1% average expansion for this year, the United Nations body stated on Monday in a press release. This projection is slightly below the 1.3% that was estimated in December 2016.
Tuesday, April 25th 2017 - 07:59 UTC
Markets' Macron rally on Monday: Wall Street, Europe, Asia

European stock market rally sparked by the French presidential election spread to Wall Street on Monday. All three main US share markets jumped more than 1%, with the tech-heavy Nasdaq index closing at a record high. Europe's main markets jumped at least 2% and the euro hit a five-month high as fears over the election eased.