Economy

Friday, August 26th 2016 - 11:44 UTC
Total inaugurates gas field offshore Tierra del Fuego with potential production of 10m cubic meters per day

Argentina will officially inaugurate this Friday the Vega Pléyade natural gas field, twenty kilometers offshore Tierra del Fuego to the south of the San Sebastián bay. The field started production last February and as “a production potential of 10 million cubic meters per day”.
Friday, August 26th 2016 - 10:55 UTC
Argentina's economy contracts 4.3% year-on-year in June

Argentina's economy shrank 4.3% year-on-year in June, a much sharper contraction than expected in the first official growth data reported during President Mauricio Macri's term.
Friday, August 26th 2016 - 07:01 UTC
Macri claims Kirchnerism created 750.000 government jobs to hide a stagnant economy

President Mauricio Macri expressed concern that Argentina's employment rate “barely exceeds” 40% and criticized previous administrations for creating 750,000 government jobs to hide what he said was its inability to grow the economy.
Thursday, August 25th 2016 - 08:23 UTC
The world has rediscovered Brazil

By Michel Temer, Acting President of the Republic - The Olympic Games were an absolute success. This is the result of the work of each person who helped build the stadiums, the metro, the Olympic Village; each carioca who gave the right directions to our visitors.
Wednesday, August 24th 2016 - 07:53 UTC
Chileans massive protest to end the private pension system; Bachelet's approval plummets to 15%

Tens of thousands of Chileans took to the streets throughout the country on Sunday, seeking to increase pressure on the government to throw out Chile’s private pension system in favor of one that would provide better retirement benefits.
Wednesday, August 24th 2016 - 07:25 UTC
Argentina unemployment in second quarter, 9.3%; first official data since Macri took office

Argentina had 9.3% unemployment in the second quarter of the year, the government's Indec statistics agency said in a report on Tuesday. It was the first official unemployment data to be published by Argentina since Mauricio Macri became president in December.
Tuesday, August 23rd 2016 - 09:03 UTC
Fed vice-president optimistic about US economy employment and inflation targets

The Federal Reserve is close to hitting its targets for US employment and 2% inflation, according to the central bank's vice chairman, Stanley Fischer. In a speech in Colorado, the Fed's number two policymaker was upbeat about the economy's recovery and prospects.
Tuesday, August 23rd 2016 - 06:37 UTC
Premier Oil currently drafting a Project Proposal for oil production in the Falklands

The commercialisation of the Sea Lion Oil Field off the Falkland Island’s continues to take steps forward as Premier Oil prepares a detailed project proposal to be submitted to the Falkland Island’s Government (FIG). Premier Oil has been undertaking public consultations in the Falklands over the past week as part of their Environmental Impact Assessment, which will support their application to FIG to proceed with oil development.
Monday, August 22nd 2016 - 12:00 UTC
Chile: scientific report states that dumping dead salmon in the sea was not linked to red tide

A committee of independent scientists which was named to investigate the red tide phenomenon affecting the Los Lagos Region in the south of Chile, earlier this year, have concluded that salmon dumping in the sea was not an agent causing the phenomenon.
Monday, August 22nd 2016 - 11:13 UTC
Despite all odds, Rio “the marvelous city” earned its Olympian record

Rio do Janeiro is the marvelous city, the heart of Brazil, are the lyrics of the song which identifies the sublime and the misery of Latin America's biggest country with the largest economy. This Sunday ended the almost three weeks 31st Summer Olympics hosted for the first time by a non developed country, and contrary to fears and uncertainties ended as a complete success, winning the hearts of all those who shared the Rio Games.