Economy

Wednesday, September 7th 2016 - 12:38 UTC
Uruguay lobbying Argentina on Buenos Aires port services' costs

A delegation of Uruguayan tourism and port authorities together with the country's ambassador in Argentina, Hector Lescano held a meeting in Buenos Aires with their Argentine peers to address bilateral cooperation in boosting the cruise industry on both sides of the River Plate.
Tuesday, September 6th 2016 - 19:36 UTC
Cuba looking for new oil supplier and begins implementing social security tax

President Raul Castro has asked Russia to consider beginning to supply Cuba with oil. Before the Soviet Union’s disintegration in 1991, the ex URSS was Cuba’s main supplier under favorable trade terms. Russia's official news network revealed the news, allegedly in a direct request from Castro to president Vladimir Putin.
Tuesday, September 6th 2016 - 18:21 UTC
Russia and Saudis agree to “act together” to lift price of oil from its two-year slump

Energy ministers from the world's two largest oil producers, Russia and Saudi Arabia said on Monday that their countries had agreed to “act together” to lift the price of oil out of its two-year slump, though they provided few details as to how they planned to achieve that goal.
Tuesday, September 6th 2016 - 17:43 UTC
Another major fraud investigation in Brazil: companies funds pensions; US$ 25bn alleged damages

Brazilian police launched an investigation of fraud at state-run companies' pension funds on Monday, as a judge ordered dozens of senior financiers and executives away from their firms, including the chief executive of the world's biggest beef exporter.
Tuesday, September 6th 2016 - 17:21 UTC
Argentina undergoing a values' change, says Macri; the time of messianic leaders is over

Argentine president Mauricio Macri said on Monday that the time of messianic leaders who hand to hand with lies denied reality is over, and pointed out that the country is undergoing a deep transformation, not only economic, but equally significant of values and success will be achieved if all Argentines understand this and put it into practice.
Tuesday, September 6th 2016 - 17:17 UTC
Meirelles invites foreign investors to take advantage of US$ 269bn opportunities

Brazil's economy could grow 2.5% in 2018 and expand at an even faster rate over the following years, Finance Minister Henrique Meirelles said at a seminar in Shanghai.
Monday, September 5th 2016 - 16:42 UTC
Falkland Islands produced 1.700 tons of wool, says 2015/16 Farming Statistics

Falkland Islands farmers produced 1.7 million kilos of wool last year and also provided 44,000 sheep to the abattoir, according to the 2015/16 Farming Statistics recently compiled by the Department of Agriculture. This work was carried out by just 281 people recorded as living on the farms; 151 on the East, 105 on the West and just 25 scattered around the 11 farms on outer islands.
Monday, September 5th 2016 - 11:50 UTC
Senior advisors propose a post-Brexit Britain “continental partnership” with EU

A senior German lawmaker, an adviser to the French prime minister and a former deputy head of the Bank of England have proposed that a post-Brexit Britain form a new “continental partnership” with the EU.
Monday, September 5th 2016 - 08:58 UTC
US economy adds more jobs in August, but not as many as expected

The expanding US economy added another 151,000 jobs in August, according to the US Labor Department, while the unemployment rate stayed at 4.9%. The number of extra jobs was sharply down from an upwardly revised July figure of 275,000. It was also a smaller rise than the average monthly increase of 204,000 seen during the previous 12 months.
Monday, September 5th 2016 - 06:55 UTC
Obama praises Macri and his policies before the world's main leaders

President Mauricio Macri got another big nod of support as US President Barack Obama highlighted him as one of the few national leaders setting an example for the world by going against a wave of protectionism gaining presence on a global scale, in a speech during the G20 conference.