Economy

• Tuesday, April 19th 2016 - 09:14 UTC

  Temer prepares to take over, but Rousseff followers pledge to fight in the Senate and in the streets

  

  Financial markets in Brazil, and globally, are betting that with the exit of president Dilma Rousseff, a more business friendly government will take over helping Latin America's largest economy to kick-start with vice-president Michel Temer, who apparently is working on a wide ranging 'national coalition' and 'salvation cabinet'.

• Tuesday, April 19th 2016 - 08:47 UTC

  Spectacular Argentine return to money markets: bond issue subscribed several times

  

  Argentina marked a spectacular comeback to world money markets on Monday when its first bond issue in fifteen years attracted bids more than three times reaching US$ 67 billion. Argentina is after US$ 15bn which will help pay creditors on its ongoing litigation, since the country defaulted back in 2001.

• Tuesday, April 19th 2016 - 01:39 UTC

  “Punta Arenas best cruise season in six years”, with 77.248 visitors and 121 calls

  

  Punta Arenas port authorities, in the extreme south of Chile, reported that during this 2015/16 cruise season there was a 35% increase in the number of cruise visitors, 77.248 passengers, and 121 vessel calls, one of the most encouraging in the last decade.

• Tuesday, April 19th 2016 - 00:44 UTC

  Brazil's steep recession forecasted to continue in 2017 as economic pessimism deepens

  

  As the political battle to remove president Dilma Rousseff rages on, with both sides seeming to ignore the necessary confidence and certainty for normal business, economists are becoming increasingly pessimistic about Brazil's economic outlook.

• Tuesday, April 19th 2016 - 00:31 UTC

  Falklands reports poor catches of squid; reimbursement of licenses to be considered in June

  

  Falkland Islands authorities have confirmed that Illex squid capture has been particularly low this fishing season, a situation that could lead the Islands government to reimburse part of the license fees paid to catch cephalopods.

• Monday, April 18th 2016 - 17:34 UTC

  Rousseff loses crucial impeachment vote; Senate decides as economic uncertainty worsens

  

  President Dilma Rousseff lost a crucial impeachment vote in Brazil’s lower house on Sunday evening, making her removal ever more likely and deepening the country’s political crisis. Rousseff’s opponents easily obtained the two-thirds majority of votes in the 513-member Chamber of Deputies needed to pass the impeachment measure.

• Monday, April 18th 2016 - 10:12 UTC

  Brexit referendum campaign took off on Friday, ten weeks ahead of June 23

  

  Campaigning in Britain's Brexit referendum officially started on Friday, ten weeks ahead of a vote that will hand Britons their first chance to have their say on Europe since 1975. With opinion polls suggesting the British public are deeply divided on whether to stay in the EU, the Leave campaign's biggest name -- charismatic London mayor Boris Johnson -- will lead its “Brexit blitz” with rallies on the weekend in northern cities.

• Monday, April 18th 2016 - 10:00 UTC

  Labour leader Corbyn will vote for Remain and Reform in the Brexit referendum

  

  British opposition leader Jeremy Corbyn this week made his most impassioned plea for Britain to stay in Europe, saying the socialist case for the EU had dispelled his long-held suspicion of the bloc. Labour leader Corbyn, who voted against EU membership in a 1975 referendum, said he was now a supporter of the protections it offered workers, consumers and the environment.

• Monday, April 18th 2016 - 09:46 UTC

  Mercosur/EU trade deal is “no bed of roses” and “we're just beginning”

  

  Despite growing optimism among Mercosur member countries of reaching a trade agreement with the European Union, Argentine minister of foreign affairs Susana Malcorra has cautioned that the road ahead is not “a bed of roses”, and the coming exchange of goods and tariff reduction proposals “will not satisfy any of the two sides”, but that is where “serious discussions begin”.

• Monday, April 18th 2016 - 08:49 UTC

  Argentina returns to money market for US$ 15bn to pay bondholders

  

  Once Argentina pays the holdout funds, US District Judge Thomas Griesa will lift the injunctions against the country, court-appointed mediator Daniel Pollack said, following the appeals court ruling that cleared the way for Argentina to pay its debts.