Economy

Friday, November 25th 2016 - 08:54 UTC
Uruguayan president off to Europe looking for investors for an ambitious infrastructure plan

Uruguayan president Tabare Vazquez is off to Europe for a two-week business and academic interests trip which begins on Friday in Spain and will continue in the Vatican, Austria and France. On Friday, Vazquez is scheduled to hold a private meeting with King Felipe IV of Spain, and on Monday with president Mariano Rajoy.
Friday, November 25th 2016 - 08:37 UTC
Uruguay expects 10% increase in international tourist arrivals this summer

Uruguay's deputy tourism minister said that based on current trends the number of international tourist arrivals during the current summer season, which peaks in December and January, should rise by more than 10%.
Friday, November 25th 2016 - 08:14 UTC
Spanish U turn: “Gibraltar will be part of Brexit negotiations; we want to help in this process”

Gibraltar “will be part” of the Brexit negotiations, Spain’s Minister for Education, Culture and Sport said on Wednesday, suggesting a marked shift from the hardline stance adopted by former Foreign Minister José Manuel García-Margallo.
Thursday, November 24th 2016 - 16:09 UTC
Brazilian cash-strapped states agree to back structural reform in exchange for financial aid

Brazil's federal government reached a deal to help cash-strapped states with their fiscal woes in exchange for support from governors on deeper structural reforms including pension reform and the capping of public employee salaries.
Thursday, November 24th 2016 - 14:20 UTC
No layoffs until March 2017 in Argentina

The Argentine government reached an agreement Wednesday with businessmen and CGT union leaders that there will be no layoffs until March 2017, to give workers reassurances that that there is a commitment to create new jobs and to preserve the existing ones.
Thursday, November 24th 2016 - 13:49 UTC
Trump not believed to dare start tariffs war out of fear of WTO fines

Zhang Xiangchen, China's deputy international trade representative, said his country would defend its rights under World Trade Organization tariff rules should Trump uphold his campaign threats to levy punitive duties on China-made goods, which, according to an Auxtralian expert, is “very unlikely” to happen.
Wednesday, November 23rd 2016 - 17:06 UTC
Post-election rally pushes Wall Street to new records: Dow Jones above 19.000

United States stocks extended their post-U.S. election rally Tuesday with moderate gains that pushed the Dow above 19,000 for the first time and the three major indexes to record closing levels for a second straight day. The S&P 500 ended above 2,200, led by gains in telecommunications, up 2.1%, and consumer discretionary up 1.2%. The small-cap Russell 2000 index also set another record-high close.
Wednesday, November 23rd 2016 - 16:09 UTC
Economic crisis hits airline industry in Brazil, Venezuela. Low-cost carrier wants start operating in Argentina

Etihad join list of Asian airlines that continue to drop their routes to South America's biggest market. New low-cost service aims at passengers who do not travel by plane today in Argentina and Venezuelan companies in dire straits to stay operational.
Wednesday, November 23rd 2016 - 15:56 UTC
Anses sells off all its Petrobras Argentina shares worth US$ 156 million

As a part of the Pampa Energía takeover bid strategy, the Pensions Bureau guarantee fund had to sell its 11.85 % stake. It also holds 18% of Pampa's shares and saw no point in increasing that to 23% when prospects of a merger are on the radar. “If we didn't sell, they would have merged us with Pampa anyway,” a top Anses official said.
Wednesday, November 23rd 2016 - 15:35 UTC
TPP without the US would be “meaningless” says Japanese PM Shinzo Abe

The Trans-Pacific Partnership (TPP) trade deal would be “meaningless” without US participation, Japanese prime minister Shinzo Abe said as United States President-elect Donald Trump announced he planned to quit the pact. PM Abe’s comment on Monday (Tuesday morning) came shortly before the Mr Trump released a short video about his plans for his administration, including an intention to have the US drop out of the TPP pact.