Economy

• Wednesday, October 5th 2016 - 12:02 UTC

  Brazil industrial production suffers major monthly drop during August

  

  Brazil’s industrial output posted its biggest monthly drop in over four years in August, damping optimism about the country’s prospects for recovering from its worst recession in generations. Industrial production declined 3.8% in August from July in seasonally adjusted terms, the Brazilian Institute of Geography and Statistics, IBGE, said on Tuesday.

• Tuesday, October 4th 2016 - 19:19 UTC

  Cephalopods congress and frozen seafood exhibition opens in Vigo

  

  Spain's Fisheries Secretary General Andrés Hermida opened on Monday the World Congress on Cephalopods organized by FAO and the Conxemar in Vigo underlining the importance of this large and heterogeneous group of species, --octopus, cuttlefish, squid--, for the fisheries sector and as raw material for the processing industry.

• Tuesday, October 4th 2016 - 11:31 UTC

  Argentina claims squid catches in the South Atlantic have plummeted dramatically

  

  The president of Argentina's Chamber of Jiggers Fishing Vessels Ship-owners, Juan Redini, gave some alarming figures on squid catches in the South Atlantic during a presentation at Monday's cephalopod conference held in Vigo, Spain sponsored by FAO and the Conxemar frozen seafood exhibition.

• Monday, October 3rd 2016 - 07:54 UTC

  Yuan becomes global reserve currency but China will have to relax capital controls and the exchange rate

  

  The Chinese currency Yuan entered a new phase in its journey to become more important to the world economy: starting on Saturday the Yuan is officially a member of the International Monetary Fund’s basket of global reserve currencies. Together, this group of currencies, known as Special Drawing Rights (SDR), forms a kind of pseudo-currency—used only by the IMF—to supplement countries’ official reserves.

• Monday, October 3rd 2016 - 07:40 UTC

  Temer visits Macri to address trade and making Mercosur more flexible and universal

  

  Argentine president Mauricio Macri will be receiving his Brazilian peer Michel Temer in Buenos Aires on Monday morning to address bilateral relations in several fields, mainly political, trade, Mercosur, and security and development in the long shared border areas. According to official sources Temer´s delegation arrives with foreign minister Jose Serra, Industry and trade minister Marcos Pereira and head of defense Raul Jungmann.

• Monday, October 3rd 2016 - 07:03 UTC

  PM May announces Brexit process should be over by 2019 with strong limits on immigration policy

  

  Prime Minister Theresa May said on Sunday that Britain would begin the process of withdrawing from the European Union by the end of March and suggested that she would seek a clean break that makes limits on immigration a priority.

• Friday, September 30th 2016 - 15:00 UTC

  Where will oil prices go after Algiers?

  

  Saudi Arabia and Iran may yet come to terms on some sort of production arrangement, but the outcome of the negotiations in Algeria this week may not do much to rescue oil prices. Following the media spectacle, the oil markets may have to shift their attention back to the supply and demand fundamentals, which are not reassuring

• Friday, September 30th 2016 - 08:47 UTC

  Ushuaia encouraged by a cruise season that includes 245 Antarctica calls

  

  Ushuaia remains as Antarctic gate king this 2016/2017 cruise season with 245 out of its 305 calls (45 vessels) heading for the extreme south ice covered continent, according to the data published by the Tierra del Fuego Tourism Institute Infuetur. The season took off in early September with the arrival of Chilean flagged Stella Australis, and its 210 passengers heading for Cape Horn

• Friday, September 30th 2016 - 08:34 UTC

  Punta Arenas cruise season anticipated to be weaker than in 2015/2016

  

  The 2016//17 cruise season for the Magallanes region in the extreme south of Chile will see a drop in the number of calls, from 121 to 86, of which 83 in Punta Arenas and 3 in Puerto Natales, according to the schedule published by Punta Arenas port authority, Austral Port Company, EPA, website.

• Friday, September 30th 2016 - 07:54 UTC

  Falklands would claim 9% oil royalty per barrel plus 26% profit corporation tax

  

  The Falkland Islands government would claim 9% royalty on one barrel of oil, plus 26% corporation tax on profit, confirmed Member of Legislative Assembly Roger Edwards this week.