Economy

• Monday, November 14th 2016 - 07:31 UTC

  Argentina looks forward to a good relation with president Trump, who is no longer “candidate Trump”

  

  Argentina has an excellent relation with the Obama administration and this will be the case with a government led by Trump, pointed out Argentina's cabinet secretary Marcos Peña adding that the first signals from the elected president are positive since he is moderating his electoral campaign speech.

• Saturday, November 12th 2016 - 21:31 UTC

  Demostrators rally in Sao Paulo against Temer's adjustment proposals

  

  Protesters Friday blocked some of Sao Paulo's main avenues to object to the the bill to freeze public spending for 20 years. Others set roadblocks with tires at the Vía Dutra, which links Sao Paulo with Rio de Janeiro, and Via Anchieta, the main road between the city and the coast.

• Saturday, November 12th 2016 - 21:24 UTC

  Trump wave keeps Merval on the fall for a total 9.25% drop in a week

  

  The index of the leading shares of the Buenos Aires stock market returned to adjust results in 3.51% and accumulated thus four rounds of losses for a total drop of 9,25% sice Monday. The Merval started the week with 17,257.56 points and dropped Friday to 15,659.74 points, with significant decreases except for Tenaris, which managed to stay away from the trend of US-based businesses thanks to a positive balancesheet produced last week.

• Saturday, November 12th 2016 - 21:01 UTC

  McDonald's burgers are not welcome in Florence's Piazza del Duomo

  

  McDonald's is suing the city of Florence for €18m after it was blocked from opening a restaurant on one of the Italian city's most historic plazas. The fast-food giant had its plans for an outlet on the Piazza del Duomo rejected by Florence's mayor in June and the decision was upheld in July by a technical panel in charge of preserving the city's ancient heart.

• Saturday, November 12th 2016 - 20:48 UTC

  Argentine bishops call for a “Christmas in Peace” and public and private responsibility

  

  The chair of the Argentine Episcopal Conference (CEA) Monsignor Jose Maria Arancedo renewed his call to the leadership of the country, political, social, unions and business, to leave aside special interests and act responsibly for the good of the country, at “a very difficult moment” so that “we can all enjoy Christmas in Peace”

• Friday, November 11th 2016 - 19:28 UTC

  Petrobras signs US$ 1.2bn contract for natural gas exploration in southern Bolivia

  

  Executives of Brazilian state oil company Petrobras and Bolivian counterpart YPFB signed this week a contract for a US$1.2 billion natural-gas exploration venture in southern Bolivia. Bolivian President Evo Morales and Brazil's minister of mines and energy, Fernando Coelho Filho, traveled to Bolivia's eastern city of Santa Cruz for the signing ceremony.

• Friday, November 11th 2016 - 08:57 UTC

  Seven percent more Britons traveled to Argentina this year

  

  The flow of British tourists into Argentina until August this year recorded a seven percent increase when measured against data from 2015. Ten percent rise forecast for 2017, accoring to Argentine Minister of Tourism Gustavo Santos.

• Friday, November 11th 2016 - 08:08 UTC

  Dow Jones reverses trend after Trump's victory

  

  The Dow Jones index climbed more than 300 points (1.5 percent), by the afternoon, coming back from an abrupt 750-point plunge as election results came in. Stock markets reversed overnight losses stemming from the shock of Donald Trump's upset victory and and the Dow Jones Industrial Average soared to what would be a record closing high as investors assimilated the implications of the Republican return to the White House.

• Friday, November 11th 2016 - 08:00 UTC

  Argentine agro-industrial exports up 25% this year

  

  It was in the first three quarters of 2016 compared to the same period in 2015, the Argentine Ministry of Agroindustry reported during the Agricultural Perspectives Conference at the Buenos Aires Cereal Exchange.

• Friday, November 11th 2016 - 07:52 UTC

  Alas buyover agreed on with Chilean airline LAW

  

  Latin American Wings (LAW) and the Uruguayan company reached an agreement whereby the new owners will keep 50% of the current staff, government authorization pending. Alas Uruguay and the Chilean airline Latin American Wings (LAW) reached a “framework agreement” on Thursday as “the first step towards integration,” it was announce in Montevideo.