Economy

• 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%.

• Tuesday, November 8th 2016 - 10:52 UTC

  Paraguay foresees possible economic growth above expectations

  

  Central Bank of Paraguay (BCP) CEO Carlos Fernández Valdovinos spoke of the possibility of closing this year with a growth of more than 4% of gross domestic product (GDP). Announcement due on December 5.

• Tuesday, November 8th 2016 - 06:56 UTC

  Argentine-Qatari fund created for infrastructure works

  

  Argentina and Qatar agreed to create a billion-dollar joint fund to carry out infrastructure works, as part of Vice President Gabriela Michetti's visit to Middle Eastern countries, it was announced Monday.

• Tuesday, November 8th 2016 - 06:48 UTC

  BA Governor Vidal, World Bank agree to finance Salado River works

  

  María Eugenia Vidal, governor of the province of Buenos Aires, reached an agreement with the World Bank for a 380-million-dollars loan to finance infrastructure works that would be beneficial to more than sixty municipalities. Bidding to start in March.

• Monday, November 7th 2016 - 10:41 UTC

  PDVSA, India reach agreement on joint oil production ventures

  

  Venezuela's state-owned oil and natural gas company PDVSA and India have signed accords worth $1.45 billion whereby oil production is expected to increase from 430,000 barrels per day to 855,000 in less than a year. Exports in mind, there is a natiowide shortage of fuel.