Economy

Wednesday, December 21st 2016 - 20:09 UTC
Maduro reopens Colombian border after eight days

The government of Nicolás Maduro Tuesday reopened its border with Colombia, eight days after closing it to combat smuggling, it was announced.
Wednesday, December 21st 2016 - 17:54 UTC
Construction of first Argentine-built Argentine Navy ship in almost 40 years commences

The Rio Santiago shipyard (ARS) Tuesday began building the first ship for the Argentine Navy in 38 years, it was announced.
Wednesday, December 21st 2016 - 01:12 UTC
Falklands' additional air link to South America has a target launch date: October 2017

Argentina, United Kingdom and Falkland Islands representatives have agreed on a process for an additional air service to the Falklands, from either Brazil or Chile, with a target launch date of October 2017, and likewise will address scientific data exchange in relation to fish stocks in the South Atlantic, particularly regarding the migratory Illex stock.
Tuesday, December 20th 2016 - 08:57 UTC
Brazil's Vale sells its fertilizer business to cut debt

Brazil's Vale, the world’s largest iron ore and nickel miner said on Monday it will sell most of its fertilizer business to US-based Mosaic Co., the No.1 producer of phosphate fertilizer, in a deal worth about US$2.5 billion.
Tuesday, December 20th 2016 - 08:53 UTC
Macri manages to neutralize labor unrest with accord on income tax floor

The Argentine government managed on Monday a great breathing space after reaching an understanding with labor unions on income tax cuts which threatened to derail relations with organized labor, and now also ensure a peaceful end of the year holidays. During the morning and while negotiations were ongoing, transport unions showed their muscle paralyzing flights, trains, buses and subways, in the main cities of the country.
Tuesday, December 20th 2016 - 08:19 UTC
Macri and Bachelet agree on a Mercosur-Pacific Alliance meeting in first half of 2017

Argentina and Chile agreed to organize a major Mercosur, Pacific Alliance trade blocks' meeting during the first half of 2017. Last Friday Chilean president Michelle Bachelet and her cabinet were in Buenos Aires with peers Mauricio Macri and ministers as part of an agenda of regular meetings to address a joint agenda.
Tuesday, December 20th 2016 - 06:51 UTC
US labor market “the strongest in more than a decade”, Yellen tells graduating class

The United States labor market is in the best condition in last decade said the chairman of the Federal Reserve Janet Yellen during a speech to the graduating class at the University of Baltimore. Fed chairman said that the signs of healthy labor market are abundant, among which stand out the stable rate of creation of new jobs and lower share of cuts.
Monday, December 19th 2016 - 09:55 UTC
Maduro backtracks on elimination of 100-bolivar bill as looting erupts

Venezuela's President Nicolas Maduro reversed his decision to ban from circulation the 100-bolivar bill and gave the notes, which are worth between US$ 0.02 and 0.04 according to varying quotations, a two-week grace. The bills can now be used until January 2, Maduro said.
Saturday, December 17th 2016 - 17:03 UTC
Colombia's Central Bank lowers interest rate to tack inflation

The Central Bank of Colombia Friday surprisingly decided to lower the interest rate by 25 basis points to 7.50 percent to support the recovery of the economy and to push inflation towards the target set for the coming semester.
Saturday, December 17th 2016 - 16:54 UTC
Norwegian low cost airline wants to operate in Argentina

Norwegian Air Shuttle, one of the largest low cost airlines in Europe, has made the decision to start start operating in Argentina in November next year. “We have taken that decision and for that we have already taken some concrete steps to be able to fly domestic and regional routes in Argentina,” said Norwegian spokesman Alfons Claver.