Economy

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.
Tuesday, November 1st 2016 - 07:57 UTC
Meirelles insists in overhaul of social security rules to restore public finance order in Brazil

Brazil must push ahead with reforms, including a proposed cap on government spending and an overhaul of social security rules, to restore long-term order to public finances in Latin America's biggest economy, according to the country's finance minister.
Tuesday, November 1st 2016 - 02:05 UTC
Bank of England governor will step down in June 2019, after Brexit is over

Bank of England governor Mark Carney says he will step down in June 2019. It means he will serve one additional year beyond the five-year term he committed to when he took the post, but will still be two years short of the usual eight years governors serve.
Tuesday, November 1st 2016 - 01:30 UTC
Insignia marks the official beginning of the cruise season for Punta Arenas

With the arrival this Monday of M/V Insignia to Punta Arenas in the extreme south of Chile, and capital of the Magallanes region has officially declared opened the 2016/17 cruise season. It is estimated that 102.000 tourists will be visiting the region, although the number of vessel calls will drop drastically from 121 to 86.
Sunday, October 30th 2016 - 22:44 UTC
US economy expands at its fastest pace in two years in the third quarter

The US economy grew at the fastest pace in two years in the third quarter, initial figures have indicated. The world's largest economy grew at an annual rate of 2.9% in the three months to September, the Commerce Department said. Analysts had predicted growth of just 2.5%.
Saturday, October 29th 2016 - 10:46 UTC
Post Brexit UK economy surprises and grows above expectations

The UK economy grew by 0.5% in the three months after the Brexit vote, the Office for National Statistics (ONS) has said. The figure for July to September was down from the 0.7% growth recorded in the second quarter of 2016 - the months before Britain voted to leave the European Union.
Saturday, October 29th 2016 - 10:07 UTC
South Atlantic deep water seismic survey between YPF and Norway's Statoil

Argentina's oil company YPF and Norway's Statoil have signed a cooperation agreement to further gather information on Argentina's offshore potential. The accord was signed in Oslo between YPF CEO Ricardo Darré and Statoil Exploration vice president Tim Dodson.
Friday, October 28th 2016 - 14:28 UTC
Falklands celebrating 30 years of the Fishery that transformed the Islands

The Falklands Islands are recalling a milestone decision for the development and transformation of the economy of the country. On October 29, 1986 a Proclamation declaring the Interim Falklands Conservation and Management Zone was signed by Governor Gordon Jewkes. Director of Natural Resources, John Barton pointed out at a presentation on Wednesday evening to mark 30 years of Falkland Fisheries.
Friday, October 28th 2016 - 12:23 UTC
Renewable energy overtakes coal in electricity generation capacity; half a million solar panels installed every day

The International Energy Agency said in its latest report that last year the world's capacity to generate electricity from renewable sources has now overtaken coal, and renewable accounted for more than half of the increase in power capacity.