Economy

• Monday, November 28th 2016 - 08:42 UTC

  UK trade envoy in Brazil to promote business in oil, finance, infrastructure and mining sectors

  

  A United Kingdom member of parliament and Special Envoy for Trade and Investment, Mark Prisk is in Brazil for a round of business talks in the oil and gas, financial services, mining and infrastructure sectors. Mr. Prisk is visiting Brazil for the second time in six months and his agenda will take him to Rio do Janeiro, Belo Horizonte and Brasilia.

• Saturday, November 26th 2016 - 12:18 UTC

  Switzerland has returned US$ 2bn of illicit funds stashed in its banks by dictators

  

  With a new law to help seize and repatriate illicit wealth stashed in Swiss banks by foreign dictators and a positive – but slow - track record, Switzerland is a leader in the return of illicit dictator funds, a top Swiss official claims. Over the past 30 years Switzerland has returned almost US$ 2 billion misappropriated and deposited in Swiss banks by “politically exposed persons” (PEPs).

• Friday, November 25th 2016 - 16:26 UTC

  Peru foresees great economic expansion for 2017

  

  Peru's Economy and Finance Minister Alfredo Thorne said Thursday his country is set to record a growth of 4.8% as next year's budget was passed. Private investment in areas such as infrastructure will be the key.

• 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.