Economy

• Thursday, September 22nd 2016 - 22:08 UTC

  BIS warns Chinese banking sector stress gauge three times above danger level

  

  Risks of a Chinese banking crisis are mounting, according to a warning indicator from the banking industry's global watchdog. A key gauge of stress in the banking sector is now more than three times above the danger level, the Bank for International Settlements (BIS) said in its latest quarterly review.

• Thursday, September 22nd 2016 - 15:38 UTC

  Ex finance minister of Lula and Rousseff arrested in connection to Petrobras corruption

  

  Brazilian police on Thursday arrested Guido Mantega, a former finance minister under presidents Lula da Silva and Dilma Rousseff, as part of the investigation into the vast Petrobras corruption scheme, media reported.However Brazilian Judge Sergio Moro later in the day revoked the temporary detention order citing Mantega's cooperation with a search of his home and his wife's surgery in a Sao Paulo hospital.

• Thursday, September 22nd 2016 - 10:46 UTC

  Aerolineas Argentinas could become profitable in four years time

  

  Aerolineas Argentinas CEO revealed that the flag-carrier is increasing passenger numbers and could become profitable in four years but losses keep piling, an estimated one billion dollars this year, which comes upon a one to two million dollars daily losses during most of the decade.

• Wednesday, September 21st 2016 - 21:53 UTC

  Divided Fed leaves interest rates unchanged; strong hints of a December increase

  

  The United States Federal Reserve pushed back plans to raise interest rates on Wednesday, a widely expected move following a series of mixed economic reports and varied signals from Fed officials. After its two-day policy meeting, the Federal Open Market Committee voted to hold the federal funds rate between 0.25% and 0.50%, citing progress in economic and labor market growth and an improving risk outlook.

• Tuesday, September 20th 2016 - 13:01 UTC

  Argentine makes compulsory Load Control Certificates for squid and shrimp

  

  Argentina announced it has expanded the implementation of compulsory origin and legality certification for squid (Illex argentinus) and shrimp (Pleoticus muelleri) catches.

• Tuesday, September 20th 2016 - 11:14 UTC

  Temer's message to UN: peace, human rights and economic reforms

  

  Twenty days after being confirmed as Brazil’s new president, Michel Temer will deliver his first international speech at the UN´s General Assembly on Tuesday. He is not expected to mention recent political changes in Brazil, and focus rather on new opportunities for foreign investors.

• Tuesday, September 20th 2016 - 11:03 UTC

  IMF rebuilding relations with Argentina

  

  An IMF mission started on Monday a round of meetings with the purpose of rebuilding relations with Argentina, frozen for over a decade. The mission headed by economist Roberto Cardarelli began early Monday visiting the Argentine Industrial Union, UIA, the country's manufacturers main lobby.

• Monday, September 19th 2016 - 11:50 UTC

  Uruguay, Chile and Costa Rica with 60% household internet penetration

  

  The State of Broadband 2016 report, released by the Economic Commission for Latin America and the Caribbean shows that 43.4% of all households in the region were connected to the Internet in 2015, nearly doubling the figure from 2010.

• Monday, September 19th 2016 - 07:11 UTC

  Punta Arenas port increased docking space should be ready early 2017

  

  Works on the extension of the Prat dock in the port of Punta Arenas picked up this last week and should be ready for the beginning of next year, including two dolphins and six jackets, which should enable all cruise passengers to land directly.

• Sunday, September 18th 2016 - 06:52 UTC

  Argentina/UK statement on Falklands and dialogue ”promising”, but Congress decides

  

  The recent Argentina/UK joint cooperation statement, with a chapter on the Falklands/Malvinas Islands, is “promising”, however much rests to be defined and agreed, and additional air links should be carried out by Argentina's flag carrier, according to Rosana Bertone, governor of the extreme south province of Tierra del Fuego, Antarctica and South Atlantic Islands.