Economy

Thursday, November 3rd 2016 - 10:01 UTC
Mercosur parliament critical of the current trade negotiations with the European Union

The President of Mercosur’s parliament (Parlasur) thinks that the European Union’s current tabled offer is “unsatisfactory” and made it clear that it shouldn’t be signed in its current form. Jorge Taiana, head of the parliament, and former foreign minister with ex president Cristina Fernandez, complained that the negotiations, which resumed about seven years ago, are taking far too long, but added that in the absence of a “balanced agreement”, nothing should be signed.
Thursday, November 3rd 2016 - 09:53 UTC
Temer austerity program inspired in Thatcher´s program to contain expenditure

Brazilian president Michel Temer said that the economic adjustment implemented by Brazil is inspired in the program of former prime minister Margaret Thatcher, who led the UK from 1979 to 1990. “As Thatcher use to say and we are following in Brazil, containing government expenditure is necessary because we are only going to spend collected revenue”.
Thursday, November 3rd 2016 - 08:05 UTC
European lawmakers in Argentina to boost EU/Mercosur trade talks

A European Union parliament delegation of fourteen lawmakers is in Buenos Aires to prop Mercosur/EU trade talks, and even admitting there has been advances, and prospects are encouraging, they also acknowledged that many objections from both sides persist.
Wednesday, November 2nd 2016 - 19:27 UTC
As expected Fed leaves rates unchanged, but the real game begins in December

The Federal Reserve, on Wednesday following a two-day meeting, and with two members dissenting, left interest rates unchanged but anticipated the FOMC “judges that the case for an increase in the federal funds rate has continued to strengthen, but decided, for the time being, to wait for some further evidence of continued progress toward its objectives”.
Wednesday, November 2nd 2016 - 14:19 UTC
EU and Canada sign free trade accord, but has to clear 40 European parliaments

The European Union and Canada signed a free trade agreement on Sunday that aims to generate jobs and growth though it must still clear some 40 national and regional parliaments in Europe in the coming years to enter fully into force.
Wednesday, November 2nd 2016 - 07:36 UTC
Brazilian amnesty program for overseas funds collects US$ 15.8bn

The Brazilian government collected 50.9 billion Reais, equivalent to US$15.8 billion in taxes and fines under an amnesty program offered to individuals and corporations with undeclared but legitimate funds parked overseas, the Finance Ministry said on Tuesday.
Wednesday, November 2nd 2016 - 07:12 UTC
A “flat” cruise season officially begins this week in Montevideo

The 2016/17 cruise season officially begins this week in Uruguay with the arrival of MS Zaandam and Insignia. Zandam belonging to Holland America Line with capacity for 1.432 passengers usually calls several times in Montevideo during the season.
Tuesday, November 1st 2016 - 18:36 UTC
Argentina invests heavily in major dry bulk and vegetable oils port terminal

Bunge and Aceitera General Deheza S.A. (AGD) announced they will jointly invest US$100 million in Puerto General San Martin’s T6 industrial complex and port terminal. Puerto General San Martin is an inland port in Argentina that sits on the Paraná River.
Tuesday, November 1st 2016 - 12:40 UTC
EMBRAER agrees to pay US$ 205m to settle corruption charges

Brazil's aircraft manufacturer Embraer has agreed to pay some US$205 million to settle corruption charges involving sales of military and civil airplanes to four customers. records to conceal illicit payments.
Tuesday, November 1st 2016 - 08:11 UTC
Argentina 2016/17 wheat production estimated at 14.4m tons and 8m tons exports

Argentina’s wheat production is estimated at 14.4 million tons in 2016-17 and total exports are estimated at 8.03 million tons, the U.S. Department of Agriculture’s (USDA) Foreign Agricultural Services (FAS) said in its latest report. The main market is expected to be Brazil, the historic, natural market for Argentine wheat and flour.