Economy

• 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.

• Thursday, November 10th 2016 - 12:08 UTC

  IMF lifts motion of censure on Argentina for manipulating data

  

  The International Monetary Fund (IMF) on Wednesday lifted the censure motion that weighed on the country since 2013, when it decided to sanction Argentina because it considered that statistics at the National Census' Institute (Indec) were being manipulated.

• Thursday, November 10th 2016 - 11:35 UTC

  Brazil lowers fuel prices: diesel down 10.4% and gasoline, 3.1% at the refinery

  

  In line with the pricing policy announced by Petrobras on October 14, 2016, the company’s markets and pricing executive committee has decided to reduce the prices of diesel and gasoline sold at its refineries by 10.4% and 3.1%, respectively.The combination of a 12.1% fall in the international prices of oil and oil products between October 14 and now, and the reduction in the company’s domestic market share has impacted the usage level of Petrobras’ assets, especially its refineries, its inventory levels and also its flows of imports and exports

• Wednesday, November 9th 2016 - 09:57 UTC

  Scotland will apply to intervene against the UK government's Supreme Court appeal on Brexit

  

  Scottish First Minister Nicola Sturgeon announced that her semi-autonomous government will apply to the UK Supreme Court to intervene against the UK Government case, in a bid to secure a vote not just for the House of Commons but for the Scottish parliament.

• Wednesday, November 9th 2016 - 09:48 UTC

  Supreme Court will hear UK government's appeal on Parliament involvement in Brexit process 5 December

  

  Britain's Supreme Court said Tuesday it has set aside four days starting on December 5 to hear the government's appeal against a landmark ruling that it must seek parliament's approval to start the Brexit process. All 11 Supreme Court judges will hear the case, which could delay Britain's withdrawal from the European Union, and will deliver their judgment “probably in the New Year”, a court statement said.

• Wednesday, November 9th 2016 - 08:32 UTC

  Stock markets sink, Mexican peso plunges as Trump takes early lead

  

  The U.S. dollar sank and stock markets slammed into reverse in wild trade as investors faced the real possibility of a shock win by Republican Donald Trump that could upend the global political order. Major indexes in Asia fall by more than 2%.