Economy

• Sunday, May 14th 2017 - 09:27 UTC

  YPF crude and gas output expected to decline 3% in 2017, due to labor problems and bad weather

  

  Argentina's state-run oil firm YPF expects a 3% decline in crude and natural gas output this year due to labor problems and bad weather, Chief Financial Officer Daniel Gonzalez told investors during a conference call in Buenos Aires.

• Sunday, May 14th 2017 - 09:05 UTC

  Argentine officials confident economy exited recession and should grow 3% this year

  

  Argentine Treasury Minister Nicolas Dujovne said he was confident the economy would grow more than 3% this year, while another treasury official said the economy had rebounded in March after declining the prior two months.

• Sunday, May 14th 2017 - 08:53 UTC

  Brazil retail sales plunge in March; government insists economy will be positive in first quarter

  

  Retail sales in Brazil unexpectedly fell in March at the steepest monthly rate in 14 years, strengthening bets on a bolder interest rate cut at the end of this month. Sales volumes excluding cars and building materials fell 1.9% in March from February, government statistics agency IBGE said. Sales fell 4.0% from the year-earlier period.

• Friday, May 12th 2017 - 07:31 UTC

  Falklands calamari squid first season has been “good”, Illex so far “pretty mediocre”

  

  Falklands calamari squid catches in the Falkland Islands have been good this season reports Director of Natural Resources John Barton, and this is particularly good news bearing in mind Illex catches have been “pretty mediocre,” so far.

• Thursday, May 11th 2017 - 23:28 UTC

  Wine tasting in London to promote the Top 100 Argentine Wines, as chosen by Tim Atkin

  

  “This is, probably, the largest tasting of Argentine wines to have ever been held in the United Kingdom”, read the introductory note from the renowned British wine expert and journalist Tim Atkin for the showcasing of the fifth edition of his annual report entitled “the top 100 Argentine wines” at the Ambassador’s Residence.

• Thursday, May 11th 2017 - 12:51 UTC

  Argentine president Macri off to China and Japan in search of investments

  

  Argentine president Mauricio Macri and a delegation of ministers and governors, are off for an Asian tour in search of investments that includes the Arab Emirates, China and Japan. The undertaking is looking for billions of dollars to help develop Argentina's infrastructure.

• Thursday, May 11th 2017 - 12:25 UTC

  Australian conservative government to raise taxes on five biggest banks

  

  Australian Treasurer Scott Morrison has unveiled a new budget which includes a surprise rise in taxation for the country's five biggest banks from July. Morrison also announced education savings which will see students pay a greater share of the cost of degrees, while infrastructure projects, health and housing affordability were also high on the government's agenda.

• Thursday, May 11th 2017 - 12:07 UTC

  Argentina's 12-month inflation through April was 27.5%

  

  Argentina's statistics agency Indec, said on Wednesday 12-month inflation through April was 27.5%, the first time it has published 12-month inflation since President Mauricio Macri took office in December 2015 and revamped data calculations. Indec said April inflation was 2.6%, above median analyst expectations for a consumer price increase of 2.1 percent.

• Wednesday, May 10th 2017 - 08:23 UTC

  Falklands fisheries: Galicia fleet analyzes impact of Brexit

  

  The future of Galician fishing after “Brexit” could generate “very harmful” measures in the field of fish imports from a fisheries that is as wealthy and important for the Galician fleet as that of the Falkland Islands.

• Wednesday, May 10th 2017 - 06:59 UTC

  “Chile effect” has Argentines flocking to Santiago to take advantage of lower prices

  

  This austral 2016/17 summer, Uruguay, Brazil, Paraguay and Chile, reported excellent tourist seasons, in some cases record, as tens of thousands of Argentines flocked to beaches distant from the stressful climate of the country now ruled by president Mauricio Macri. But it was not only relief and leisure that attracted so many Argentines.